SMC Credits adopts FY26 financials, reappoints Rajesh Goenka at AGM
- SMC Credits Limited held its 34th AGM on September 30, 2026, adopting FY26 financial statements.
- Both ordinary resolutions passed with 100% assent from 2,30,55,800 valid votes.
- Rajesh Goenka reappointed as Director without break in tenure as Whole Time Director.
- Scrutinizer Neeraj Arora submitted final voting report on October 1, 2026.
*this image is generated using AI for illustrative purposes only.
SMC Credits Limited held its 34th Annual General Meeting on September 30, 2026, in New Delhi. The meeting focused on adopting the company's financial statements for the fiscal year ended March 31, 2026, and confirming the leadership structure through director reappointment.
The proceedings were conducted under Regulation 30 of the SEBI (Listing Obligations & Disclosures Requirements) Regulations, 2015. Rajesh Goenka, Whole Time Director and CFO, chaired the session. He reported that the requisite quorum was present and welcomed members to the physical meeting held at the registered office.
Resolutions Passed
Two ordinary resolutions were proposed and addressed during the meeting. The first resolution pertained to the adoption of financial documents, while the second concerned corporate governance continuity.
| Resolution | Particulars | Type |
|---|---|---|
| 1 | To receive, consider and adopt the financial statements for FY26, along with Board and Auditors' reports | Ordinary |
| 2 | To appoint Mr. Rajesh Goenka as Director in place of himself, who retired by rotation | Ordinary |
The Chairman clarified that the re-appointment of Mr. Goenka would not constitute a break in his tenure as Whole Time Director. This ensures continuity in the executive management team during the upcoming fiscal period.
Voting Results and Compliance
The company provided a remote e-voting facility via NSDL from September 27 to September 29, 2026. Members who could not vote remotely were allowed to cast their votes via polling papers at the AGM. Neeraj Arora from M/s Neeraj Arora & Associates was appointed as the scrutinizer to ensure fair and transparent scrutiny of the voting process.
On October 1, 2026, the scrutinizer submitted the consolidated report detailing the voting outcomes. Both resolutions received unanimous support from shareholders participating in both remote e-voting and physical poll.
Resolution 1: Adoption of Financial Statements
| Particulars | Poll Votes | E-Votes | Total Valid Votes | Percentage |
|---|---|---|---|---|
| Assent | 12,800 | 2,30,43,000 | 2,30,55,800 | 100.00% |
| Dissent | 0 | 0 | 0 | 0.00% |
| Total | 12,800 | 2,30,43,000 | 2,30,55,800 | 100.00% |
Resolution 2: Reappointment of Director
| Particulars | Poll Votes | E-Votes | Total Valid Votes | Percentage |
|---|---|---|---|---|
| Assent | 12,800 | 2,30,43,000 | 2,30,55,800 | 100.00% |
| Dissent | 0 | 0 | 0 | 0.00% |
| Total | 12,800 | 2,30,43,000 | 2,30,55,800 | 100.00% |
The Statutory Auditors' Report contained no qualifications, observations, or adverse comments on the financial statements. The Chairman noted that shareholder queries raised during the Q&A session were answered to satisfaction. The meeting concluded at 11:32 am, with voting results now formally declared via the scrutinizer's report.
Historical Stock Returns for SMC Credits
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
How will the unanimous adoption of the FY26 financial statements influence SMC Credits Limited's credit rating outlook and borrowing costs for the upcoming fiscal year?
What specific growth strategies or loan portfolio expansions did management outline during the Q&A session to capitalize on the confirmed leadership continuity?
Given the clean statutory auditor's report, what are the company's stated plans for dividend distribution or capital retention in the next board meeting?
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