Smc Global Securities Limited has informed the Exchange regarding Notice of Postal Ballot
SMCGLOBAL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
SMC Global Securities Limited has issued a Postal Ballot Notice seeking shareholder approval to issue bonus equity shares in the ratio of 1:1, i.e., one new bonus share of face value ₹2 for every one existing share held. The company plans to capitalize up to ₹20.94 crore from its capital redemption reserve and securities premium account for this purpose. Currently, the company has 10.47 crore fully paid-up equity shares; post-bonus, the paid-up share capital will rise to ₹41.88 crore comprising 20.94 crore shares. Remote e-voting starts on September 26, 2025 and ends on October 25, 2025, with results expected on or before October 28, 2025. Bonus shares will be allotted only in dematerialized form, and the record date is yet to be announced by the Board. Shareholding proportions will remain unchanged as no fresh capital is being raised.
If approved, existing shareholders will receive one additional share for every share held, effectively doubling their share count though the total investment value remains unchanged. The stock price typically adjusts downward on the ex-date to reflect the bonus. This rewards existing investors and improves liquidity but does not change the company's underlying valuation.