Meeting Details

The Extraordinary General Meeting of SMC Global Securities Limited was held on Friday, 6th November 2026 from 11:00 A.M. to 12:00 P.M. (including time allowed for e-voting) through Video Conferencing (VC)/Other Audio Visual Means (OAVM). The meeting was conducted in compliance with circulars issued by the Ministry of Corporate Affairs and Securities and Exchange Board of India.

The deemed venue of the Meeting was the Registered Office of the Company at 11/6B, Shanti Chambers, Pusa Road, New Delhi – 110005.

Mr. Subhash Chand Aggarwal, Chairman and Managing Director, chaired the meeting. A total of 105 Members attended the Meeting through VC/OAVM facility. The total number of shareholders as on the cut-off date (30th October 2026) was 30,894.

Voting Arrangements

The Company provided remote e-voting facility available from Tuesday, 3rd November 2026 (9:00 A.M. IST) to Thursday, 5th November 2026 (5:00 P.M. IST). Additionally, e-voting during the EGM and 15 minutes after the EGM was facilitated for shareholders who attended through VC/OAVM and had not cast their votes earlier.

Mr. Arvind Kumar Roy, Practicing Company Secretary, was appointed as the Scrutinizer to scrutinize the remote e-voting and the e-voting during the EGM. The voting results together with the Scrutinizer's Report will be declared within two working days from the conclusion of the Meeting.

Business Transacted

The single agenda item was the consideration and approval of a special resolution for:

Issuance of up to 1,00,00,000 Fully Convertible Warrants on a preferential basis to persons/entities belonging to the "Non-Promoter" category

Key Resolution Details

  • Instrument: Fully Convertible Warrants
  • Quantity: Up to 1,00,00,000 (One Crore) Warrants
  • Issue Price: ₹106 per Warrant
  • Minimum Price: ₹105.62 determined under SEBI ICDR Regulations with 7th October 2026 as the Relevant Date
  • Total Issue Size: ₹106 crore
  • Conversion Terms: Each Warrant convertible into one equity share of face value ₹2
  • Payment Terms: 25% of issue price payable at allotment, balance 75% payable on exercise of conversion option within 18 months
  • Allottee Category: Non-Promoter category

Utilization of Proceeds

The proceeds from the preferential issue are proposed to be utilized for:

  • Investment in subsidiaries (Stoxkart Fintech Limited and SMC Capitals Limited)
  • Working capital requirements of the Company
  • General corporate purposes

Expected Impact

The disclosure mentions an expected change in shareholding on full conversion of the Warrants, though specific dilution percentages or post-issue capital structure are not quantified in this document.

Attendance

Directors Present:

  • Mr. Subhash Chand Aggarwal (Chairman and Managing Director)
  • Mr. Mahesh Chand Gupta (Vice Chairman and Managing Director)
  • Mr. Anurag Bansal (Whole Time Director)
  • Mrs. Shruti Aggarwal (Whole Time Director – Tech Strategy and Innovation)
  • Mr. Himanshu Gupta (Non-Executive Director)
  • Mr. Pranay Aggarwal (Non-Executive Director)
  • Mr. Dinesh Kumar Sarraf (Independent Director and Chairperson of Audit Committee)
  • Mr. Gobind Ram Choudhary (Independent Director and Chairperson of Nomination and Remuneration Committee)
  • Mr. Narendra Kumar (Independent Director and Chairperson of Stakeholders Relationship Committee)
  • Mr. Hemant Bhargava (Independent Director)
  • Ms. Neeru Abrol (Independent Director)
  • Mr. Naveen N.D. Gupta (Independent Director)

Other Attendees:

  • Mr. Rohit Nayyar (Group Chief Financial Officer)
  • Mr. K.C. Gupta and Mr. Manushree Bindal (Representatives of P. C. Bindal & Co., Statutory Auditors)
  • Mr. Arvind Kumar Roy (Secretarial Auditor and Scrutinizer)

Directors Absent:

  • Mrs. Sarita Kapur (Independent Director)
  • Mr. Ajay Garg (Director and CEO)

Additional Information

The meeting included a question-and-answer session where the Chairman responded to queries from shareholders who had registered as speakers. The statutory registers and other documents referred to in the Notice convening the EGM were available for electronic inspection during the Meeting.

This intimation is also available on the Company's website at www.smcindiaonline.com.