Smart Finsec Receives Intimation on Amendment of ₹220 Cr Bank Guarantee Facility

Smart Finsec Limited has received intimation from Smart Equity Brokers Private Limited regarding the amendment and renewal of facility agreement with Axis Bank Limited. The company informed BSE Limited about the updated terms under Regulation 30 of SEBI LODR Regulations on January 16, 2026.

Facility Agreement Amendment Details

The facility agreement has been renewed with significant modifications to the credit facility structure. The bank guarantee has been enhanced while the intraday limit has been reduced, maintaining the overall credit framework.

Facility Component:	Previous Amount	Revised Amount	Change
Bank Guarantee:	₹190.00 crores	₹220.00 crores	Enhanced by ₹30.00 crores
Intraday Limit:	₹20.00 crores	₹15.00 crores	Reduced by ₹5.00 crores
Overdraft against Property:	₹15.00 crores	₹15.00 crores	No change
Total Credit Facility:	₹225.00 crores	₹235.00 crores	Increased by ₹10.00 crores

Corporate Guarantee Arrangement

Smart Finsec Limited's corporate guarantee obligation remains unchanged at ₹30.00 crores, specifically covering the intraday limit and overdraft against property facilities. The enhanced bank guarantee portion is secured through personal guarantees from promoters.

Guarantee Details:	Specifications
SFL Corporate Guarantee:	₹30.00 crores (unchanged)
Coverage:	Intraday and Overdraft against Property
Beneficiary:	Axis Bank Limited
Borrower:	Smart Equity Brokers Private Limited
Additional Security:	Personal guarantees, FDR lien

Facility Purpose and Usage

The enhanced bank guarantee facility will be utilized across multiple exchange platforms including BSE, NSE, ICCL, NCL, MSEI, and MCX for trade guarantee, security deposits, and margin requirements. The facility enables Smart Equity Brokers to meet exchange obligations across cash, derivative, and currency segments.

Exchange Coverage:	Purpose
BSE/NSE/MSEI:	Trade Guarantee and Security Deposits
ICCL/NCL:	Clearing and Settlement Margins
MCX:	Commodity Trading Requirements
Segments:	Cash, Derivative, Currency

Regulatory Compliance and Impact

The transaction falls under the exemption provisions of Regulation 15(2) of SEBI LODR Regulations, as the company's paid-up equity share capital stands at ₹3.00 crores and net worth is ₹15.63 crores as of March 31, 2025. The amendment has no impact on Smart Finsec's management or control structure.

Corporate Structure

Smart Equity Brokers Private Limited is a group company where Smart Finsec's promoters serve as directors and shareholders. The facility agreement contains standard terms including positive covenants, negative covenants, financial covenants, and indemnity obligations. The communication was signed by Rajvinder Kaur, Company Secretary and Compliance Officer, ensuring proper regulatory disclosure.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+1.58%	-11.45%	-7.43%	-38.92%	-39.45%	+54.34%

Smart Finsec Limited, a company listed on the Bombay Stock Exchange (BSE: 539494), has announced its financial results for the quarter ended September 30, 2025, along with a significant change in its leadership.

Financial Performance

The company reported a net profit after tax of Rs. 30.63 lakh for the quarter ended September 30, 2025. This financial performance was disclosed as part of the unaudited standalone financial results approved by the company's Board of Directors at their meeting held on November 13, 2025.

Leadership Change

In a notable development, Smart Finsec announced the resignation of Mr. Rajinder Kumar Arora (DIN: 10797869) from his position as Executive Director. The resignation, cited due to personal reasons, will take effect from November 14, 2025. The Board of Directors has accepted Mr. Arora's resignation.

Board Meeting Details

The company's Board of Directors convened on November 13, 2025, at the registered office to discuss and approve several key matters:

Unaudited Standalone Financial Results for Q2 and H1 FY2026
Acceptance of Mr. Rajinder Kumar Arora's resignation

The meeting commenced at 4:30 PM and concluded at 5:27 PM.

Regulatory Compliance

Smart Finsec Limited has ensured compliance with regulatory requirements by submitting the necessary disclosures to the BSE. The company provided details as required under SEBI Listing Regulations, 2015, read with SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

Auditor's Review

A. Mohan & Co., Chartered Accountants, conducted a limited review of the unaudited quarterly standalone financial results. The auditors stated that based on their review, nothing has come to their attention that causes them to believe that the financial statements have not been prepared in accordance with applicable accounting standards and SEBI regulations.

Smart Finsec Limited continues to operate within the exemption limit of Regulation 15(2) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, with a paid-up equity share capital of Rs. 3,00,00,000 and a net worth of Rs. 15,63,26,580 as of March 31, 2025.