Board approves 1Cr warrants at Rs 106 to non-promoters, raising Rs 106Cr

Warrants convertedFund Raising View source PDF Explain this filing

SMCGLOBAL · price

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Price reactionminutes from the announcement price · days from the prior close

-4.5%Reaction day

₹114.70

prior close

₹115.17

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-1.6%-2.9% vs market

Stockbroking & Allied peers, median of 39sector-0.2%-4.4% vs sector

On the reaction day the stock moved 2.9 pts less than Nifty Microcap 250 and 4.4 pts less than its Stockbroking & Allied peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+1.3

10m

+1.4

15m

+0.9

30m

-0.9

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-4.5-1.6-2.9-0.2-4.4

Next day

-4.4-1.0-3.4-0.5-3.9

-7.6-2.6-5.0-1.7-5.9

-10.6-5.1-5.5-3.6-7.1

-11.1-6.1-5.0-4.3-6.7

-15.4-8.3-7.1-5.7-9.6

-19.8-6.4-13.5-4.9-14.9

15d

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UpDownMarket · Nifty Microcap 250Sector · Stockbroking & Allied peers, median of 39Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

SMC Global Securities board approved issuing up to 1 crore fully convertible warrants at Rs 106 each to 3 non-promoter allottees, raising up to Rs 106 crore. Allottees: Mahesh Kumar (42 lakh warrants), SGS Fintech Private Limited (33 lakh), Open Advanced Technologies LLP (25 lakh). Each warrant converts to 1 equity share of Rs 2 face value within 18 months. EGM scheduled for November 6, 2026 to seek member approval.

Likely market impact

Potential dilution once warrants convert to shares, but Rs 106Cr capital raise could support growth. Subject to EGM approval on Nov 6.