SMC Global Securities Limited has issued a regulatory clarification regarding significant price movement in its equity shares, confirming that no undisclosed material information is behind the recent volatility. The clarification was submitted to BSE and NSE on December 16, 2025, in response to an exchange inquiry dated December 15, 2025.

Company's Response to Exchange Inquiry

The brokerage firm examined the matter thoroughly and confirmed that there is no information, announcement, or event pending disclosure that could have a bearing on the price or volume movement of its equity shares. The company emphasized its commitment to transparency and regulatory compliance in its response to the stock exchanges.

Regulatory Compliance and Disclosure

SMC Global Securities confirmed that all material information and Unpublished Price Sensitive Information (UPSI) has been duly disclosed to the stock exchanges in a timely manner. The company stated its adherence to applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The firm assured that it will continue to comply with all applicable disclosure requirements as prescribed under relevant laws and regulations. This commitment underscores the company's focus on maintaining transparency with investors and regulatory authorities.

Market-Driven Movement Attribution

The company has not taken any specific action nor is it aware of any particular reason attributable to it that may have resulted in the price and volume movement of its equity shares. SMC Global Securities attributed the observed movement to several market factors:

• General market conditions
• Trading dynamics
• Investor perception
• Factors beyond the company's control

Official Documentation and Authorization

The clarification was digitally signed by Suman Kumar, Executive Vice President (Corporate Affairs & Legal), Company Secretary & General Counsel (Membership No. F5824), emphasizing the official nature of the response. The document was formally submitted under Regulation 30 requirements.

The company maintains that the price movement appears to be entirely market-driven rather than resulting from any company-specific developments or undisclosed information.

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.