SMC Global Securities Limited , a prominent player in the financial services sector, has successfully secured shareholder approval for a significant corporate action. The company's proposal to alter the Object Clause of its Memorandum of Association received unanimous support through a postal ballot conducted via remote e-voting.

Key Highlights of the Postal Ballot

Significance of the Resolution

The alteration of the Object Clause in a company's Memorandum of Association is a crucial corporate action that can have far-reaching implications for the company's future operations and strategic direction. While the specific details of the alterations were not provided, such changes typically allow companies to:

1. Expand into new business areas
2. Align the company's stated objectives with its current or planned activities
3. Update the clause to reflect changes in the regulatory environment or market conditions

Voting Process and Compliance

SMC Global Securities Limited adhered to regulatory requirements by conducting the postal ballot through remote e-voting, a method that has become increasingly common, especially in the wake of recent global events. This approach ensures wider participation and easier access for shareholders to exercise their voting rights.

The appointment of an independent scrutinizer, Arvind Kumar Roy, underscores the company's commitment to transparency and adherence to corporate governance best practices.

Shareholder Confidence

The unanimous approval of the resolution, with 100% of votes cast in favor, demonstrates strong shareholder confidence in the company's strategic decisions. This level of support suggests that investors are aligned with the management's vision for the company's future direction.

Looking Ahead

While the specific changes to the Object Clause have not been detailed in this announcement, shareholders and market observers will likely be keen to see how these alterations translate into tangible business strategies or new ventures for SMC Global Securities Limited in the coming months.

As always, investors are advised to keep an eye on future company announcements and regulatory filings for more detailed information on how this change may impact the company's operations and potential growth trajectories.

SMC Global Securities , a prominent financial services firm, has successfully completed a significant corporate action by allotting bonus shares to its shareholders. The company's Bonus Issue Committee approved the allotment on November 17, 2025, marking a substantial increase in its share capital.

Key Details of the Bonus Issue

Impact on Share Capital

The bonus issue has resulted in a significant change in SMC Global Securities' share capital structure:

Financial Implications

The bonus shares were issued by capitalizing ₹20.94 crore from the company's capital redemption reserve and securities premium account. This move demonstrates SMC Global Securities' strong financial position and its commitment to rewarding shareholders.

As per the audited financial statements for the year ended March 31, 2025:

• Capital Redemption Reserve: ₹1.69 crore
• Securities Premium Account: ₹252.02 crore

These reserves provided ample room for the company to implement the bonus issue without straining its financial resources.

Listing and Trading

The newly allotted bonus shares are set to be listed on both the BSE Limited and the National Stock Exchange of India Limited. This dual listing ensures liquidity and accessibility for investors trading SMC Global Securities' shares.

Shareholder Benefits

The bonus issue effectively doubles the number of shares held by each shareholder without any additional cost. While the overall value of their holdings remains the same, shareholders now have increased liquidity and potentially improved trading volumes for their SMC Global Securities shares.

This corporate action reflects SMC Global Securities' robust financial health and its strategy to enhance shareholder value. It also positions the company for potential future growth by making its shares more accessible to a broader range of investors.

Investors and market participants will be keenly watching how this bonus issue impacts SMC Global Securities' market performance and liquidity in the coming weeks.