Smc Global Securities Limited has informed the Exchange regarding ' Administrative Warning issued by SEBI '.
SMCGLOBAL · price
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SEBI has issued an administrative warning letter to SMC Global Securities Limited following a thematic inspection of its cyber security and cyber resilience framework. The inspection found three main deficiencies: (1) capacity planning was not conducted, with memory and CPU utilization exceeding 70% thresholds multiple times; (2) about a one-year delay in implementing LAMA (Log Analysis and Monitoring Application) on all critical servers; and (3) failure to conduct the required Disaster Recovery (DR) drill for FY 2023-2024. The company has been told to take corrective steps, submit an action-taken report within 30 days, and present the findings before its Board. The company has stated there is no financial or operational impact from this warning.
This is a non-monetary administrative warning, not a penalty, so the immediate financial impact is nil. However, it signals weak IT and cyber resilience controls at the broker, which could hurt investor confidence and invite stricter regulatory scrutiny or further action if not remediated promptly.