Share India Securities Discloses Rs 1.18 Lakh Penalty for MWPL Violation, Says No Material Business Impact:

Share India Securities Limited has disclosed that NSE Clearing Limited (NCL) has imposed a monetary penalty of Rs 1 lakh on the company for a violation related to the Market Wide Position Limit (MWPL). The penalty also attracts GST of Rs 18,000, taking the total amount to Rs 1.18 lakh.

In a regulatory filing dated October 27, 2026, the company said the penalty invoice was made available on the National Stock Exchange of India’s portal on October 26, at around 6:21 pm. The company clarified that the penalty was imposed in the normal course of its stock broking operations.

Share India Securities stated that the penalty will have no material impact on its financial performance, operations or other business activities. The company also said it remains committed to maintaining high compliance standards and will take the necessary steps to address the issue.