SMC Global Securities Board Approves Warrant Issuance Worth ₹106 Cr

SMC Global Securities Limited's Board of Directors has approved the issuance of up to 1,00,00,000 (One Crore) Fully Convertible Warrants on a preferential basis to non-promoter entities. The issue price is fixed at ₹106 per warrant, aggregating up to ₹1,06,00,00,000 (₹106 Crores). The warrants are convertible into one equity share each within 18 months. The proposed allottees include Mahesh Kumar (42,00,000 warrants), SGS Fintech Private Limited (33,00,000 warrants), and Open Advanced Technologies LLP (25,00,000 warrants). The company will convene an Extra-Ordinary General Meeting (EGM) on November 6, 2026, to seek shareholder approval for this preferential issue.