SMC Global Securities Moves Ahead With Rs 106 Crore Warrant Issue

The company is seeking to issue up to 1,00,00,000 fully convertible warrants at Rs 106 per warrant.
The total capital infusion from this preferential issue is pegged at Rs 106 crore.

Reader Takeaway: Strengthening capital base for subsidiary growth while diluting equity for non-promoter investors through warrant conversion.

What just happened

SMC Global Securities held an Extraordinary General Meeting (EGM) via video conferencing on November 6, 2026. The primary agenda was the approval for issuing up to 1 crore fully convertible warrants to non-promoter entities. The process follows strict SEBI ICDR regulations, and the firm provided remote e-voting options to shareholders prior to the meeting.

Why this matters

This capital-raising exercise is designed to provide immediate liquidity and long-term capital support. The company plans to allocate these funds toward its subsidiaries, Stoxkart Fintech Limited and SMC Capitals Limited. A portion of the proceeds is also earmarked for general working capital and corporate requirements, which management expects will support the firm’s ongoing operational expansion.

The conversion structure

The warrants are structured for a total consideration of Rs 106 crore. Investors are required to pay 25% upfront at the time of allotment, with the remaining 75% payable upon the exercise of the conversion option. This option remains valid for 18 months from the date of allotment.

What to track next

Investors should monitor the formal declaration of the voting results, which the company is mandated to release within two working days of the EGM. Once approved, the company will proceed with the allotment process, which will eventually increase the equity share base once these warrants are converted into shares of Rs 2 face value.