SMC Global Securities Limited has announced a significant corporate action, setting the stage for a bonus share issuance that will double the number of shares held by its shareholders. The company has provided key dates and details for this corporate event.

Bonus Issue Details

Shareholder Approval and Eligibility

The bonus issue received approval from equity shareholders through a postal ballot conducted on October 25, 2025. To be eligible for the bonus shares, shareholders must be on the company's records as of the record date, November 14, 2025.

Important Note for Physical Shareholders

SMC Global Securities has emphasized that physical shareholders must take action to receive their bonus shares. These shareholders are required to dematerialize their holdings before the record date to ensure the bonus shares are credited to their demat accounts.

Company's Capital Structure

As of the announcement, SMC Global Securities Limited's paid-up capital stands at Rs. 20.94 crores, with shares having a face value of Rs. 2.00 each. The bonus issue is set to significantly impact the company's capital structure, effectively doubling the number of outstanding shares while maintaining the same face value.

This bonus issue represents a notable corporate action for SMC Global Securities Limited, potentially increasing liquidity for shareholders without affecting the company's underlying value. Shareholders are advised to take note of the important dates and requirements, particularly the dematerialization mandate for physical shareholders, to ensure they receive their allotted bonus shares.

SMC Global Securities Limited , a prominent player in the financial services sector, has announced plans to broaden its business scope through amendments to its Memorandum of Association (MOA). The company has issued a postal ballot notice seeking shareholder approval for these changes, which aim to align the company's objectives with evolving market dynamics and regulatory environments.

Key Proposed Amendments

The proposed alterations to the Object Clause of the MOA include:

1. Expansion of Core Activities:

   • Explicit inclusion of margin trading facilities
   • Development of technology-enabled digital trading platforms
   • Implementation of fintech and AI-driven systems
   • Addition of custodian services

2. Distribution of Third-Party Products:

   • Inclusion of mutual funds, bonds, and insurance products

3. Correction of Typographical Error:

   • Changing 'arbitrary' to 'arbitrage' in clause 3

Voting Process and Timeline

Shareholders can cast their votes electronically through the e-voting system provided by MUFG Intime India Private Limited, the company's Registrar and Share Transfer Agent.

Rationale Behind the Amendments

The company states that these amendments are primarily clarificatory and align with its existing business activities in financial services. The changes are designed to:

1. Strengthen the business framework
2. Leverage existing capabilities and infrastructure
3. Adapt to the evolving regulatory landscape
4. Embrace technological advancements in financial services

Impact on Business Operations

While the amendments do not introduce entirely new business lines, they provide SMC Global Securities with greater flexibility to:

1. Expand into complementary financial services
2. Develop and implement advanced trading technologies
3. Offer a wider range of financial products to clients

The inclusion of custodian services, in particular, is seen as a strategic move to capitalize on the growing institutional participation in alternative investment funds (AIFs), portfolio management services (PMS), and foreign investor segments.

Shareholder Considerations

Shareholders are advised to carefully review the proposed changes and their potential impact on the company's future direction. The amendments, if approved, would position SMC Global Securities to adapt more readily to the rapidly changing landscape of financial services and technology-driven trading platforms.

As the financial services sector continues to evolve, SMC Global Securities' proactive approach in updating its MOA demonstrates its commitment to staying competitive and relevant in a dynamic market environment.

Shareholders have until December 3, 2025, to cast their votes on this significant corporate action that could shape the company's strategic direction in the coming years.