Share India Securities Limited announced that the National Stock Exchange of India (NSE) has imposed monetary fine of ₹ 1,18,000 (including IGST of ₹ 18,000) on the company. The fine was imposed due to a violation of Circular Number NSCC/F & O/C & S/365 dated 26 August 2004 of NSE, which is inadvertently related to an increase in open positions during the ban on ‘IEX’ security on July 24, 2025.
Share India Securities Limited has said that it is committed to maintaining the highest compliance standards and will take necessary steps to resolve the issue. The company clarified that the penalty was imposed during the normal business of stock broking and this is not expected to have any significant impact on its financial, operation or other business activities.
The company has reiterated its commitment to follow the regulatory requirements and ensure that all its operations are in line with the prescribed guidelines. This includes review of internal controls and processes to prevent such incidents in the future.
Given the company’s claim that the fine has no significant impact on its financial or operation, so no significant market response is expected.