Board approves issue of 1 Cr warrants at Rs 106 on preferential basis

Fund 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 issue of up to 1 crore fully convertible warrants at Rs 106 each to non-promoters, aggregating Rs 106 crores. Allottees: Mahesh Kumar (42 lakh warrants), SGS Fintech (33 lakh), Open Advanced Technologies LLP (25 lakh). Each warrant convertible into 1 equity share of Rs 2 face value within 18 months. EGM on November 6, 2026 for shareholder approval, subject to regulatory nods.

Likely market impact

Capital raise of about Rs 106 crores via warrants; potential dilution on conversion within 18 months. Shareholder approval needed at EGM.