SMC Global Securities approves dividend and director reappointments at AGM
SMC Global Securities Limited held its 32nd Annual General Meeting on June 26, 2026, approving a final dividend of ₹0.60 per share. The meeting also saw the reappointment of Mr. Ajay Garg as Director & CEO and Mr. Anurag Bansal as Whole Time Director. All five resolutions, including the adoption of audited financial statements and approval for raising funds, were passed with 100% of the votes in favour.
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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
| Resolution Description | Type | Votes in Favour | Votes Against | % of Votes in Favour |
|---|---|---|---|---|
| Adoption of Audited Financial Statements | Ordinary | 143,334,905 | 2 | 100.00 |
| Declaration of Final Dividend @ 30% | Ordinary | 143,334,905 | 2 | 100.00 |
| Reappointment of Mr. Ajay Garg, Director & CEO | Ordinary | 143,334,905 | 2 | 100.00 |
| Reappointment of Mr. Anurag Bansal, Whole Time Director | Ordinary | 143,334,905 | 2 | 100.00 |
| Approval for raising funds by borrowing and debt securities | Special | 143,334,905 | 2 | 100.00 |
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.
Historical Stock Returns for SMC Global Securities
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.78% | -4.14% | +15.09% | -17.27% | -9.12% | +83.49% |
What specific debt instruments or borrowing strategies is SMC Global Securities likely to prioritize given the new authorization?
How will the reappointment of the top executives influence the company's strategic direction and growth initiatives over the next term?
What impact will the dividend payout have on the company's retained earnings and future investment capacity?
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