Outcome of Board Meeting held on January 16, 2026
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The Board of Directors of Smart Finsec Ltd, at its meeting held on January 16, 2026, approved the continuation of an existing Corporate Guarantee of INR 30 Crores in favour of Axis Bank Limited. This guarantee has been extended to secure a credit facility availed by Smart Equity Brokers Private Limited, which appears to be a related/group company. The board meeting commenced at 2:30 PM and concluded at 3:15 PM. No other major decisions were disclosed in this filing.
This represents a contingent liability of INR 30 Crores for Smart Finsec in case Smart Equity Brokers defaults on its Axis Bank facility. Shareholders should note that the company's balance sheet remains exposed to the debt obligations of a related party, though the guarantee is a continuation rather than a new commitment.