Smc Global Securities Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on Jun 28, 2025
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SMC Global Securities has announced its 31st Annual General Meeting scheduled for Saturday, June 28, 2025, at 11:00 AM via video conferencing. The Board has recommended a final dividend of Rs. 1.2 per equity share (60% on face value of Rs. 2) for FY 2024-25, with the record date set as June 13, 2025. The AGM agenda includes adoption of financial statements, reappointment of Mrs. Shruti Aggarwal as Whole Time Director, appointment of M/s A.K. Roy & Associates as Secretarial Auditors for 5 years, and revision in remuneration for directors and KMP. The remuneration of Mr. Anurag Bansal and Mr. Ajay Garg is proposed to increase from Rs. 12 lakh to Rs. 18 lakh per month, while Mr. Anuj Kansal (Head-HFT, relative of CMD) may see his pay rise from Rs. 8.5 lakh to up to Rs. 15 lakh per month plus a 25% profit-linked incentive. Shareholders will also vote on a proposal to raise borrowings up to Rs. 3,000 crore over and above paid-up capital and free reserves.
Shareholders on the record date of June 13, 2025 will be eligible for the final dividend. The proposed increase in managerial remuneration and the Rs. 3,000 crore borrowing limit are key items requiring shareholder approval and could be points of discussion at the AGM, though they are unlikely to materially affect short-term stock price.