SMC Global Securities expands operational scope, adds custodian services

SMC Global Securities Limited informed the Bombay Stock Exchange and the National Stock Exchange of India on December 4, 2025, about alterations to its Memorandum of Association (MOA) object clauses. These changes were approved by members through a special resolution passed via postal ballot on December 3, 2025, in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key changes to the MOA include the bolding of existing clauses to highlight changes and the rectification of a typographical error in Clause III (B)(3), where "arbitrary" was corrected to "arbitrage." Additionally, a new provision was added to allow the company to undertake custodian services in accordance with the Securities and Exchange Board of India (Custodian) Regulations, 1996, and other applicable laws.

These alterations expand SMC Global Securities' operational scope to explicitly include custodian services, alongside existing activities such as stock broking, underwriting, and various investment and financial advisory services. The company's E.V.P. (corporate affairs & legal) and company secretary, Suman Kumar, confirmed these updates.