Share India Securities Discloses NSE Clearing Penalty for Violation of Market Wide Position Limit Rules:
Share India Securities faces a Rs 1 lakh penalty from NSE Clearing for violating MWPL rules, with no material impact on its operations or finances.
Share India Securities Faces Rs 1 Lakh NSE Penalty
Vanshika verma
Sep 30, 2026
Share India Securities Limited has disclosed that NSE Clearing Limited (NCL) has imposed a monetary penalty of Rs 1 lakh on the company for violating the Market Wide Position Limit (MWPL) rules.
The penalty, along with Goods and Services Tax (GST) of Rs 18,000, was communicated through an invoice made available on the National Stock Exchange (NSE) portal on September 28, 2026, at around 7:28 pm.
The company said the penalty was imposed in the normal course of its stock broking operations. It clarified that the action will have no material impact on its financials, operations or other business activities.
Share India Securities said it remains committed to maintaining compliance standards and will take the necessary steps to address the issue.
The company made the disclosure to the BSE and NSE on September 29, 2026, under Regulation 30 of the SEBI Listing Regulations.
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Vanshika verma
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Delhi, Delhi, India
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