SMC Global Securities Ltd

SMC Global Securities Limited announced its unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2026. The Board of Directors approved these results along with the Statements of Assets and Liabilities and Cash Flow Statements for the half-year. A Security Cover Certificate was also enclosed. The trading window for designated persons will reopen 48 hours after the declaration of these financial results.

SMC Global Securities' consolidated PAT for Q2 FY27 (quarter ended September 30, 2026) came in at ₹28.23 Cr, up 34.4% YoY from ₹21.00 Cr, on revenue from operations of ₹532.45 Cr, up 20.9% YoY — profit growth outpaced revenue growth, and net profit margin expanded to 5.30% from 4.75% a year ago, with operating margin (PBT/revenue) up to 7.12% from 6.32%. Sequentially, though, PAT fell 23.2% from ₹36.74 Cr in Q1 FY27 even as revenue rose a modest 3.4%, and both margins compressed from Q1's 7.13% NPM and 9.04% OPM. Standalone (parent-only) figures echo the same pattern more sharply: PAT of ₹9.48 Cr was up 49.5% YoY but down 62.3% QoQ from ₹25.12 Cr, confirming the swing sits mainly at the parent level. No exceptional items were reported in either statement, and no analyst consensus estimates for this quarter turned up in search, so the print cannot be benchmarked against street expectations. The sequential decline traces to three compounding, non-exceptional factors rather than core deterioration: Q1 FY27 carried an elevated fair-value/trading gain of roughly ₹85.5 Cr within revenue from operations that normalized to about ₹24.4 Cr in Q2; fees and commission expense (the largest cost line) grew 8.1% QoQ against just 3.4% revenue growth; and the effective tax rate rose from 21.1% to 25.5%. Against this, the NBFC/financing segment kept scaling cleanly — segment PBT of ₹37.65 Cr was up 43.2% YoY and 44.1% QoQ, and segment assets of ₹1,347.9 Cr at quarter-end already sit within management's FY27 closing AUM guidance band of ₹1,250-1,300 Cr set on the Q1 FY27 call, reached half a year ahead of schedule. Insurance broking revenue of ₹193.80 Cr, up 19.3% YoY, is tracking the other leg of management's stated 20% group CAGR driver thesis. Post quarter-end, the company allotted ₹150 Cr of NCDs (October 13-14) and its board approved a further ₹106 Cr preferential warrant issue on October 14, subject to shareholder approval at the November 6 EGM — both consistent with funding the expanding financing book. No management press release accompanied this result.

SMC Global Securities Ltd has announced that its Board of Directors will convene on October 26, 2026. The meeting's agenda includes the consideration and approval of the unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2026, along with the limited review report. Additionally, the board will review the statement of assets and liabilities and the cash flow statement for the same period. The trading window for designated persons, which was closed from October 1, 2026, will reopen 48 hours after the dissemination of these financial results to the public. The company will also host the results on its website.

SMC Global Securities Limited has announced an Extraordinary General Meeting (EGM) to be held on November 6, 2026, via Video Conferencing. The primary agenda is to seek shareholder approval for the issuance of up to 1,00,00,000 (1 Crore) Fully Convertible Warrants on a preferential basis to non-promoter entities. This move is subject to the approval of shareholders and compliance with relevant SEBI regulations.

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.

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.

SMC Global Securities Ltd's Non-Convertible Debenture Committee has approved the allotment of 15,00,000 Secured, Rated, Listed, Redeemable, Non-Convertible Debentures (NCDs) with a face value of Rs. 1,000/- each. The total issue size is up to Rs. 15,000 Lakh (₹150 Crore), including a green shoe option. The NCDs will be listed on BSE Limited and are secured by a pari passu charge over the company's trade receivables and MTF.

SMC Global Securities Ltd has announced that its Board of Directors will convene on October 14, 2026. The primary agenda item is to consider and approve a proposal for issuing instruments, which may include equity shares or convertible securities. This issuance could be through various modes such as Preferential Issue or Rights Issue, with the board to determine the modalities and pricing. Additionally, the meeting will address other business matters. The trading window for designated persons remains closed until 48 hours after the declaration of financial results for the quarter and half-year ended September 30, 2026.

SMC Global Securities Ltd's Non-Convertible Debenture (NCD) Committee has approved the early closure of its public issuance of NCDs. The issue, originally scheduled to close on October 16, 2026, will now close on October 09, 2026. This decision was made by the committee via a resolution passed on October 08, 2026, in compliance with SEBI regulations. The company will publish a newspaper advertisement to this effect in the same publications where the pre-issue advertisement was placed. The committee meeting took place from 11:30 AM to 11:45 AM.

SMC Global Securities Limited has been fined ₹1,00,000 by the Securities and Exchange Board of India (SEBI) following a thematic inspection. The inspection, conducted from January 1 to September 30, 2024, focused on 'Verification of Unauthorized trading complaints and client order placement'. SEBI observed alleged non-compliances with SEBI (Stock Brokers) Regulations, 1992, including failure to maintain records related to client order placement and lack of supervision of Authorized Persons. An adjudication order was issued, imposing the penalty.