SMC Global Securities to issue ₹15,000 lakh in NCDs

SMC Global Securities Limited's Non-Convertible Debenture Committee approved the draft prospectus for a public issue of NCDs on September 1, 2025. The issuance will consist of secured, rated, redeemable NCDs, each with a face value of ₹1,000.

The base issue size is up to ₹7,500 lakh, with an option to retain oversubscription up to an additional ₹7,500 lakh, bringing the total issue size to ₹15,000 lakh. The NCDs will be listed on BSE Limited and are rated "ICRA A (Stable)" by ICRA Limited, indicating an adequate degree of safety regarding timely servicing of financial obligations.

Proceeds from the issuance will primarily be used for working capital requirements (at least 75%) and general corporate purposes (up to 25%). The NCDs will be secured by a pari passu charge with existing secured creditors over the company's trade receivables and MTF, ensuring a security cover of at least 110% of the outstanding principal and interest amounts. The company expects the issuance to strengthen its financial position and support ongoing business growth.