SMC Global Securities Limited has appointed Rahul Yadav as its Compliance Officer to ensure adherence to the SEBI (Prohibition of Insider Trading) Regulations, 2015. This leadership change replaces Raju Balodi (F10175), who tendered his resignation from the role effective close of business hours on Sunday, July 26, 2026, citing an internal shifting of departments. The Board of Directors approved the appointment during a meeting held on July 26, 2026.

The transition ensures continuity in regulatory compliance for the company’s listed securities. Raju Balodi’s departure is administrative in nature, driven by internal restructuring rather than any regulatory breach or dispute. SMC Global Securities Limited has notified both the Bombay Stock Exchange and the National Stock Exchange of India Limited regarding the change.

Regulatory Context

The appointment is made pursuant to Regulation 9(3) of the SEBI (Prohibition of Insider Trading) Regulations, 2015, including any modifications and amendments thereto. The Compliance Officer plays a critical role in monitoring insider trading activities and ensuring that the company maintains robust code of conduct standards for designated directors and employees. Mr. Rahul Yadav, a Member of the Institute of Company Secretaries of India (ICSI) with ACS number A72932, will administer the code of conduct under the overall supervision of the Board of Directors.

Key Details

The company stated that this disclosure follows an earlier communication dated July 26, 2026. The updated compliance structure will be hosted on the company’s website at www.smcindiaonline.com for investor reference.

Corporate Governance

Suman Kumar, Executive Vice President (Corporate Affairs & Legal), Company Secretary & General Counsel (Membership No. F5824), signed the disclosure. The move underscores SMC Global Securities Limited’s commitment to maintaining strict regulatory oversight amidst internal operational adjustments. No other changes to the company’s governance structure were reported in this filing.

SMC Global Securities Limited Board of Directors approved a public issue of secured, rated, listed, redeemable non-convertible debentures (NCDs) on July 26, 2026. The base issue size is ₹750 crore (₹7,500 lakhs), with an oversubscription option (green shoe) of ₹750 crore, potentially raising up to ₹1,500 crore (₹15,000 lakhs) in aggregate. Each NCD has a face value of ₹1,000. The company plans to issue up to 1,500,000 NCDs under this scheme. This capital raising follows the announcement of consolidated net profit after tax of ₹367.36 lakh for Q1FY27, up 22.7% year-on-year.

The proposal was approved pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company stated that further details regarding the issue will be provided as decided by the Non-Convertible Debenture Committee, in compliance with SEBI Circular SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023. Suman Kumar, EVP (Corporate Affairs & Legal), Company Secretary & General Counsel, signed the disclosure.

Financial Performance Context

The decision to raise debt capital comes amidst strong operational performance in Q1FY27. Consolidated revenue from operations rose 21.2% YoY to ₹515.08 crore. Net profit after tax increased to ₹367.36 lakh from ₹299.50 lakh in Q1FY26. The growth was supported by a 26.5% surge in fees and commission income to ₹310.65 crore and a 37.5% rise in net gain on proprietary trading to ₹85.53 crore.

Segment and Compliance Details

On a standalone basis, net profit after tax was ₹251.19 lakh, up 17.6% YoY. Standalone revenue grew 26.6% to ₹273.43 crore. The Broking, Distribution and Trading segment saw revenue rise 15.0% to ₹316.30 crore. Insurance Broking Services revenue surged 44.4% to ₹167.27 crore, though segment results declined 32.3% to ₹16.38 crore.

Statutory auditors P.C. Bindal & Co. issued a limited review report on the financial statements. The company confirmed compliance with covenants under its Debenture Trust Deeds as of June 30, 2026. The security cover for outstanding NCDs is maintained at 110% or higher, backed by pari-passu charges on trade receivables and margin trading facility receivables. The consolidated debt-equity ratio stands at 1.52 times, slightly down from 1.53 times at the end of FY26.