Corporate Action14 Oct 2026, 07:01 pm
SMC Global Securities to issue 1 Cr warrants worth ₹106 Cr
AI Summary
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 category investors. The issue price is fixed at Rs. 106/- per warrant, aggregating up to Rs. 1,06,00,00,000/- (Rs. 106 Crores). These warrants are convertible into one equity share each within 18 months. The proposed allottees include Mahesh Kumar, SGS Fintech Private Limited, and Open Advanced Technologies LLP. The company will convene an Extra-Ordinary General Meeting (EGM) on November 6, 2026, to seek shareholder approval for this preferential issue.
Key Highlights
- Board approves issuance of 1 Crore warrants on preferential basis.
- Total fundraising target of Rs. 106 Crores at Rs. 106 per warrant.
- Warrants convertible into equity shares within 18 months.
- Proposed allottees are from the non-promoter category.
- EGM scheduled for November 6, 2026, for shareholder approval.
Price Impact
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