SMC Global Securities Limited , a prominent player in the Indian financial services sector, has successfully completed the allotment of non-convertible debentures (NCDs) worth Rs. 1,338.59 crore. The company made this announcement on October 30, 2025, marking a significant move in its capital raising efforts.

Key Details of the NCD Allotment

• Total NCDs Allotted: 13,38,586
• Face Value: Rs. 1,000 per NCD
• Total Issue Size: Rs. 1,338.59 crore
• Base Issue Size: Rs. 750 crore
• Green Shoe Option: Additional Rs. 750 crore (fully exercised)

NCD Series and Terms

SMC Global Securities has offered the NCDs across six series with varying tenors and interest rates:

Security and Listing

The NCDs are secured by a pari passu charge over the company's trade receivables and margin trading facility (MTF), maintaining a security cover of at least 110% of the outstanding principal amounts. These debentures are set to be listed on the BSE Limited, enhancing their liquidity and tradability.

Investor Categories

The allotment data reveals a diverse investor base:

• Category II (Corporates): 29 applications for 4,86,165 NCDs
• Category III (High Net-worth Individuals): 72 applications for 1,68,782 NCDs
• Category IV (Retail Individual Investors): 5,184 applications for 6,83,639 NCDs

Notably, there were no allotments in Category I, which typically includes Institutional Investors.

Significance of the Issue

This successful NCD issue demonstrates SMC Global Securities' strong market position and investor confidence. The funds raised are likely to bolster the company's capital base, potentially supporting its growth initiatives and strengthening its financial position in the competitive financial services landscape.

Conclusion

The oversubscription and full exercise of the green shoe option in this NCD issue underscore the robust demand for SMC Global Securities' debt instruments. As the financial services sector continues to evolve, such capital-raising efforts may play a crucial role in funding expansion plans and maintaining competitive edge in the market.

SMC Global Securities Limited has received overwhelming shareholder approval for its proposed bonus share issuance through a postal ballot conducted via remote e-voting. The company plans to issue bonus shares in a 1:1 ratio, effectively doubling the number of outstanding shares.

Voting Results

The postal ballot, which ran from September 26 to October 25, saw strong participation from shareholders across all categories. The results of the voting process are as follows:

The ordinary resolution for the bonus issue was passed with an overwhelming majority, receiving 73,174,366 votes in favor, representing 100% of the valid votes cast. Only 11 votes were cast against the resolution.

Bonus Issue Details

The approved bonus issue will be structured as follows:

• Ratio: 1:1 (one new equity share for every one existing equity share held)
• Face Value: ₹2 per share for both existing and bonus shares
• Record Date: To be announced later

Implementation Process

Following the shareholder approval, SMC Global Securities will proceed with the necessary formalities, including:

1. Filing applications with the BSE and NSE for in-principle approval of the proposed bonus shares
2. Fixing the Record Date to determine eligible shareholders
3. Capitalizing amounts from the Capital Redemption Reserve and Securities Premium Account to facilitate the bonus issue

Management Commentary

Suman Kumar, E.V.P. (Corporate Affairs & Legal), Company Secretary & General Counsel of SMC Global Securities Limited, stated, "The Company will now proceed with necessary formalities, including filing of applications with the Stock Exchanges (BSE and NSE) for obtaining in-principle approval for the proposed bonus shares, and fixing of the Record Date for determining the eligible shareholders entitled to receive the bonus shares, which will be intimated in due course."

This bonus issue represents a significant corporate action for SMC Global Securities, reflecting the company's commitment to enhancing shareholder value. Investors and market participants are advised to stay tuned for further announcements regarding the Record Date and other implementation details.