SMC Global Securities Limited has announced a significant development that could potentially benefit its shareholders. The company has scheduled a Board of Directors meeting to consider the issuance of bonus equity shares, a move that often signals confidence in the company's financial position and future prospects.

Board Meeting Details

The Board of Directors of SMC Global Securities is set to convene on Wednesday, September 24, 2025. The primary agenda for this meeting is to consider and recommend the issuance of bonus equity shares through the capitalization of reserves, subject to shareholder approval.

Bonus Share Issuance

Bonus shares are additional shares given to existing shareholders without any additional cost, based on their current shareholding. This move, if approved, would effectively increase the number of outstanding shares without affecting the company's market capitalization. It's often seen as a way to reward shareholders and improve stock liquidity.

Trading Window Closure

In line with regulatory requirements and to ensure fair trading practices, SMC Global Securities has announced the closure of the trading window for company securities. This closure will affect designated persons and their immediate relatives. The trading window will remain closed from Thursday, September 18, 2025, until Friday, September 26, 2025.

Regulatory Compliance

The company has made this announcement in compliance with Regulation 29(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Additionally, the trading window closure is in accordance with the Company's Code of Conduct for Regulating, Monitoring and Reporting of Trading by Insiders, which is framed under the SEBI (Prohibition of Insider Trading) Regulations, 2015.

Investor Information

SMC Global Securities has stated that this disclosure will be available on the company's website at www.smcindiaonline.com . Investors and stakeholders are advised to refer to this source for further information and updates regarding the potential bonus share issuance.

The outcome of the Board meeting and any decisions regarding the bonus share issuance will be closely watched by investors and market analysts. Shareholders of SMC Global Securities should stay tuned for further announcements following the September 24th Board meeting.

SMC Global Securities Limited has made a significant move in the market by acquiring a 14.51% stake in Oval Projects Engineering Limited, a rising player in the infrastructure services sector. This strategic acquisition comes as part of SMC Global's role as the Designated Market Maker for Oval Projects' initial public offering (IPO).

Acquisition Details

The acquisition by SMC Global Securities comprises a total of 30,12,800 equity shares, representing 14.51% of Oval Projects Engineering's total equity share capital. This substantial stake was acquired through two primary methods:

1. Pre-listing Allotment: 3,04,000 shares were allotted to SMC Global prior to the listing of Oval Projects Engineering, as part of its role as the Designated Market Maker.

2. Open Market Purchase: The remaining 27,08,800 shares were acquired through open market transactions at an average price of Rs. 85.25 per share.

About Oval Projects Engineering

Oval Projects Engineering Limited is an infrastructure services company that specializes in providing engineering, procurement, and construction (EPC) services, as well as operations and maintenance (O&M) services. The company primarily caters to the Oil & Gas sector across India.

Headquartered in Agartala, Tripura, Oval Projects Engineering has shown impressive growth over the past few years. The company's financial performance reflects its expanding footprint in the infrastructure sector:

Market Making Commitment

As the Designated Market Maker, SMC Global Securities has committed to a three-year market making period for Oval Projects Engineering's shares, starting from the listing date. This role involves providing liquidity and stability to the newly listed stock by agreeing to buy and sell the company's shares as needed.

Transaction Details

It's worth noting that this acquisition does not fall under the category of a related party transaction. The shares were acquired through a combination of pre-IPO allotment and open market purchases, with no regulatory approvals required for the transaction.

In a related development, Moneywise Financial Services Private Limited, a wholly-owned subsidiary of SMC Global Securities, was initially allotted 6,56,000 equity shares (3.16%) of Oval Projects Engineering. However, Moneywise Financial Services sold its entire holding.

Implications and Outlook

This strategic move by SMC Global Securities underscores its commitment to supporting emerging companies in the infrastructure sector. As a Designated Market Maker, SMC Global's involvement is expected to enhance liquidity and potentially stabilize the trading of Oval Projects Engineering's shares in the initial phases of its public listing.

For Oval Projects Engineering, this development marks a significant milestone in its corporate journey, potentially opening doors to increased market visibility and investor interest. As the company continues to expand its operations in the crucial Oil & Gas infrastructure sector, the support of an established financial services firm like SMC Global could prove beneficial for its growth trajectory.