Smc Global Securities Limited has informed the Exchange regarding Notice of Postal Ballot
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SMC Global Securities has sent a Postal Ballot Notice to shareholders seeking approval (via Special Resolution) to amend three clauses of its Memorandum of Association. Clause 2 is being expanded to explicitly cover margin trading, technology-enabled and AI-driven trading/investment platforms, fintech activities, and distribution of third-party financial products like mutual funds, bonds and insurance. Clause 3 involves a minor typographical correction (changing 'arbitrary' to 'arbitrage'). Clause 5 is being updated to add custodian services as a permissible activity under SEBI Custodian Regulations, 1996. The company has described the amendment as mostly clarificatory in nature, though the new wording allows entry into custody services, fintech and AI-based platforms. E-voting starts on 4 November 2025 and ends on 3 December 2025, with results to be declared by 5 December 2025.
This is a governance/corporate housekeeping update and is not expected to have an immediate material impact on financials. However, the expanded object clause gives the company flexibility to enter custody services, fintech and AI-driven investment platforms in the future, which could support long-term business diversification for shareholders.