SMC Credits reported a net profit of ₹488.1 lakh for the quarter ended June 30, 2026, representing a 12% increase from ₹435.3 lakh in the same period last year. The financing company saw its income from operations rise 24% to ₹665.6 lakh, driven by higher core business activity compared to ₹529.9 lakh in Q1FY25.

Total expenses fell 29% to ₹65.2 lakh from ₹91.9 lakh in the prior year quarter, primarily due to lower other expenses and employee costs. This cost discipline contributed to a profit before tax of ₹651.5 lakh, up from ₹501.2 lakh in Q1FY25.

Financial Performance

The company’s earnings per share (EPS) stood at ₹1.95 for the quarter, compared to a loss of ₹1.20 per share in Q4FY26. For the full year ended March 31, 2026, SMC Credits posted a net profit of ₹3,254.6 lakh on revenue of ₹2,543.4 lakh.

What the Numbers Show

Operational efficiency improved significantly as expenses contracted despite revenue growth. Other income contributed ₹51.2 lakh to total income, accounting for approximately 7% of the top line, down from 23% in the prior year quarter when other income was ₹1,137.2 lakh. This shift indicates a stronger reliance on core financing operations rather than non-operating gains in the current quarter.

Corporate Governance

The Board of Directors approved the unaudited financial results and the limited review report issued by M/s. Kumar Ashwani & Associates, Chartered Accountants. The company confirmed there is no deviation or variation in the utilization of funds raised through its right issue dated December 29, 2022. The 34th Annual General Meeting is scheduled for September 30, 2026.

SMC Credits Limited has scheduled an Extra-Ordinary General Meeting (EGM) for September 04, 2026, at its registered office in New Delhi to seek shareholder approval for the reappointment of Ms. Jyoti Rajshree as a Non-Executive Independent Director. The move ensures continuity in board governance as Ms. Rajshree’s first five-year term concludes on September 07, 2026. Shareholders are advised to exercise their voting rights through remote e-voting before the deadline on September 03, 2026.

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Company fixed Friday, August 28, 2026, as the cut-off date for determining eligibility to vote. The remote e-voting facility commenced on Tuesday, September 01, 2026, at 9:00 A.M. (IST) and will end on Thursday, September 03, 2026, at 5:00 P.M. (IST). M/s Neeraj Arora & Associates, Practising Company Secretaries, have been appointed as the Scrutinizer to oversee the voting process.

Reappointment Details

The Board of Directors recommends the reappointment of Ms. Jyoti Rajshree (DIN: 09311715) for a second and final term of five consecutive years, effective from September 08, 2026, up to September 07, 2031. The Nomination and Remuneration Committee recommended her reappointment after reviewing her performance evaluation report and considering her expertise in law and financial matters. Ms. Rajshree has submitted a declaration confirming she meets the independence criteria under Section 149(6) of the Companies Act, 2013 and Regulation 16(1)(b) of the SEBI Listing Regulations.

Ms. Rajshree will receive remuneration in the form of sitting fees for attending Board or Committee meetings, along with reimbursement of expenses. She currently holds no directorships in other listed entities and has no shareholding in SMC Credits Limited. None of the other Directors or Key Managerial Personnel are interested in this resolution.

Voting Process

Shareholders entitled to attend and vote at the EGM may appoint a proxy, who need not be a member of the Company. The instrument appointing the proxy must be deposited at the registered office not less than 48 hours before the meeting. Members holding shares in dematerialized form can vote via their Depository Participants or directly through the NSDL e-Voting system using their DP ID and Client ID. Physical shareholders must use their EVEN number and Folio Number as their User ID.

The results of the resolution will be declared within two working days from the conclusion of the EGM. The Company has uploaded the EGM Notice on its website and the BSE Limited website. Shareholders who have not registered their email addresses are urged to do so with their RTA, Beetal Financial & Computer Services (P) Ltd., or their Depository Participants to receive future communications electronically.