SMC Global Securities has accepted the resignation of Nitin Mehta from his position as Vice President- Treasury & Debt Solutions Desk and Senior Management Personnel (SMP). The Board of Directors formally approved the cessation during its meeting held on July 26, 2026, although Mehta’s resignation was effective from May 30, 2026.

The company disclosed the change in senior management pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The intimation was submitted to both the Bombay Stock Exchange and the National Stock Exchange of India Limited, detailing the timeline and nature of the departure.

Resignation Details

According to the filing, Mehta served in a key treasury and debt solutions role before stepping down. The Board noted his resignation two months after it became effective. The disclosure aligns with requirements under SEBI Circular No. CIR/CFD/ CMD/4/2015 dated September 9, 2015, and SEBI/HO/CFD/CFD-PoD 1/P/CIR/2023/123 dated July 13, 2023.

Suman Kumar, Executive Vice President (Corporate Affairs & Legal) and Company Secretary & General Counsel, signed the communication. The full intimation is available on the company’s website at www.smcindiaonline.com .

SMC Global Securities Limited has approved a final dividend of ₹0.60 per share and the reappointment of its top executives at the 32nd Annual General Meeting held on June 26, 2026. The meeting, conducted via Video Conferencing, saw the adoption of audited financial statements for the year ended March 31, 2026. Shareholders also authorized the company to raise funds through borrowing and debt securities. The voting results were submitted to exchanges pursuant to Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The dividend declaration confirmed a final payout of 30% on the face value of ₹2 per equity share for FY26. All five resolutions were passed with a majority, with 143,334,907 votes polled, representing 68.45% of the total outstanding shares. Mr. Arvind Kumar Roy, Practicing Company Secretary, served as the Scrutinizer for the remote e-voting and e-voting processes.

Resolutions Passed

Voting Breakdown

The voting participation was spread across Promoter and Promoter Group, Public Institutions, and Public Non-Institutions. The Promoter and Promoter Group cast 138,960,240 votes, while Public Institutions and Public Non Institutions cast 3,565,388 and 809,279 votes respectively. A total of 115 members attended the meeting through Video Conferencing, comprising 17 from the Promoter group and 98 from the Public category.