Loan & Debt7 Aug 2026, 05:00 pm
SMC Global Securities Redeems NCDs Worth ₹33.51 Cr
AI Summary
SMC Global Securities Ltd has announced the full redemption of its Series I and Series II Non-Convertible Debentures (NCDs). The company redeemed 2,67,153 Series I NCDs and 68,016 Series II NCDs, each with a face value of ₹1000. The total redemption amount for Series I NCDs was ₹26,71,53,000, and for Series II NCDs was ₹6,80,16,000, bringing the total redemption to ₹33,51,69,000. The redemption was due to the maturity of these NCDs, which were originally issued with a prospectus dated 11th July, 2024, and had a maturity date of 7th August, 2026. The actual redemption date was also 7th August, 2026, with the outstanding amount now reduced to Nil.
Key Highlights
- SMC Global Securities completed redemption of Series I and II NCDs.
- Total redemption value amounts to ₹33.51 Crores.
- Redemption was executed on the maturity date of August 7, 2026.
- Outstanding debt from these NCDs is now Nil.
- The company has fulfilled its debt obligations as per prospectus.
Price Impact
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