Shareholders of SMC Credits Limited approved the reappointment of Ms. Jyoti Rajshree as an independent director during an Extra-Ordinary General Meeting (EGM) held on September 4, 2026.

The meeting took place at the company’s registered office in New Delhi, with Mr. Rajesh Goenka, Chairman and Whole Time Director & CFO, presiding over the proceedings. The requisite quorum was present to validate the meeting.

Key Resolution

The sole special business item placed before members was the reappointment of Ms. Jyoti Rajshree (DIN: 09311715). The resolution passed as a special resolution, securing her appointment for a second term.

Voting Process

The company facilitated remote e-voting via the NSDL platform from September 1, 2026, at 9:00 am to September 3, 2026, at 5:00 pm, in compliance with Section 108 of the Companies Act, 2013. Members attending physically could vote through polling papers if they had not voted electronically. Mr. Neeraj Arora, a Practising Company Secretary, served as the scrutinizer for both e-voting and polling processes.

The EGM concluded at 11:36 am after addressing shareholder queries and confirming that voting results would be announced within two working days.

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.