SMC Global Securities Limited will convene its Board of Directors on Wednesday, October 14, 2026, to deliberate on the issuance of equity shares and convertible securities.

The primary agenda for the meeting is to consider and approve proposals for issuing one or more instruments. These may include equity shares or convertible securities through modes such as preferential issue, rights issue, or other methods deemed fit by the Board. The Board will also determine the pricing and other modalities associated with these issuances.

Regulatory Compliance and Trading Window

The intimation was made in accordance with Regulation 29 and 50 of the SEBI Listing Regulations, 2015. The company informed BSE Limited and the National Stock Exchange of India Limited about the scheduled meeting date.

In line with previous intimations dated September 25, 2026, the trading window for dealing in the company's securities remains closed for designated persons and their immediate relatives. This closure will continue until 48 hours after the declaration of financial results for the quarter and half-year ended September 30, 2026.

Key Meeting Details

The proposal encompasses the determination of price points and other business matters as necessary. The information has been hosted on the company's official website for public access.

SMC Global Securities has opened its public issue of non-convertible debentures (NCDs) on October 5, 2026. The base issue size is ₹750 crore, with an option to retain oversubscription up to the same amount, aggregating the total limit to ₹1,500 crore.

The debentures have been rated 'ICRA A Stable' by ICRA Limited. The subscription window remains open until October 16, 2026. Investors can apply through the ASBA mechanism, with UPI now available for retail bids up to ₹2 lakh.

Issue details and credit rating

The public offer comprises secured, rated, listed, redeemable NCDs with a face value of ₹1,000 each. The credit rating of 'ICRA A Stable' indicates an adequate degree of safety regarding timely servicing of financial obligations and low credit risk. The rating is valid for the life of the instrument unless withdrawn or reviewed by the agency.

Coupon rates and tenor options

The issue offers six series of NCDs with varying interest payment frequencies and tenors. The coupon rates range from 9.50% to 10.00% per annum for eligible investor categories. Series V offers monthly interest payments, while others provide annual or cumulative options.

Note: Coupons apply to Categories I, II, III, and IV. Minimum application is ₹10,000 (10 NCDs).

Subscription window and listing

Applications will be accepted from October 5, 2026, to October 16, 2026, during working hours from 10:00 am to 5:00 pm. On the closing date, applications will be accepted only until 3:00 pm. The NCDs are proposed to be listed on the BSE, which has granted in-principle approval for the listing. Corporate Professionals Capital Private Limited serves as the lead manager, while MUFG Intime India Private Limited acts as the registrar to the issue.

What the Numbers Show

The filing clarifies the structure of the previously announced board approval. While the board initially approved an aggregate size of up to ₹150 crore (likely referring to a specific tranche or initial proposal), the prospectus reveals a significantly larger base issue of ₹750 crore with a potential total demand absorption capacity of ₹1,500 crore through the green shoe option. This indicates a substantial capital raising effort compared to the earlier limited disclosure.