SMC Credits reported a 160% increase in net profit for the financial year ended March 31, 2026, reaching ₹3,254.62 lakh compared to ₹1,251.62 lakh in the previous year. The company's revenue from operations for FY26 stood at ₹2,543.38 lakh, a significant rise from ₹1,530.73 lakh in FY25. The Board of Directors approved the audited financial results for the quarter and year ended March 31, 2026, at a meeting held on May 30, 2026.

For the fourth quarter ended March 31, 2026, the company reported a net loss of ₹300.18 lakh, compared to a net profit of ₹339.45 lakh in the same period of the previous year. Income from operations for Q4FY26 was ₹194.69 lakh, down from ₹329.79 lakh in Q4FY25. The statutory auditors, M/s. Kumar Ashwani & Associates, issued an unmodified opinion on the financial results.

The company's total comprehensive income for FY26 was negative at ₹(8,932.00) lakh, primarily due to a net loss of ₹12,186.62 lakh on the fair value of equity instruments. In contrast, the total comprehensive income for FY25 was ₹18,011.47 lakh, driven by a net gain of ₹16,759.85 lakh on fair value changes. The paid-up equity share capital remained unchanged at ₹2,505.55 lakh.

Financial Performance Summary

The board also reviewed the Statement of Deviation or Variation for the proceeds of a rights issue raised on December 29, 2022. The total amount raised was ₹1,503.33 lakh, and the company confirmed there was no deviation in the utilization of funds for the quarter ended March 31, 2026. The funds were utilized for augmenting the capital base and general corporate purposes.

M/s. Kumar Ashwani & Associates, Chartered Accountants, highlighted in their report that the audit trail feature in the company's accounting software was not operating effectively during the reporting period for all relevant transactions. Consequently, the auditors were unable to verify the integrity of the audit trail throughout the year. Despite this, the auditors affirmed that the company has adequate internal financial controls over financial reporting that were operating effectively as of March 31, 2026.

SMC Credits Limited has filed its quarterly compliance certificate with BSE Limited under SEBI regulations for the quarter ended March 31, 2026. The submission demonstrates the company's adherence to regulatory requirements governing dematerialization processes and participant obligations.

Regulatory Compliance Filing

The certificate was submitted on April 14, 2026, addressing the requirements under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. This quarterly filing is mandatory for companies to confirm proper handling of dematerialization requests and compliance with depository regulations.

Registrar Confirmation

Beetal Financial & Computer Services Pvt. Ltd., serving as the company's Registrar and Share Transfer Agent, provided the confirmation certificate dated April 3, 2026. The SEBI-approved category I registrar confirmed compliance with dematerialization procedures during the quarter.

The registrar's certificate confirms that securities received from Depository Participants for dematerialization were properly processed and confirmed to depositories. All security certificates received for dematerialization were mutilated and cancelled after verification, with depository names substituted in the register of members within the mandated 15-day period.

Corporate Governance

The filing was signed by Rajesh Goenka, who holds the position of Whole Time Director and Chief Financial Officer with DIN 00298227. The submission includes digital signatures and proper authentication as required under corporate governance norms.

This quarterly compliance filing reflects SMC Credits Limited's commitment to maintaining regulatory standards and ensuring proper dematerialization processes are followed in accordance with SEBI guidelines.