SMC Global Securities shareholders approve 1:1 bonus share issue

SMC Global Securities Limited announced on October 27, 2025, that its members approved a 1:1 bonus equity share issuance. This means one new equity share of ₹2 will be issued for every one fully paid-up equity share of ₹2 held. The decision follows the board of directors' initial approval on September 24, 2025, with shareholder ratification achieved via postal ballot on October 25, 2025.

The bonus shares will be issued by capitalizing amounts from the Capital Redemption Reserve and Securities Premium Account, adhering to Section 63 of the Companies Act, 2013, and other applicable regulations. The company will now proceed with regulatory filings to BSE and NSE for in-principle approval and subsequently fix a record date for eligible shareholders, which will be announced.

The remote e-voting for this ordinary resolution commenced on September 26, 2025, and concluded on October 25, 2025. Out of 104,700,000 shares, 73,174,377 votes were polled, with 73,174,366 (100%) cast in favor and only 11 votes (0.0000%) against the resolution, indicating overwhelming support. Arvind Kumar Roy, practicing company secretary, served as the scrutinizer for the postal ballot process.