SMC Global Securities Limited has submitted the Exchange voting results under regulation 44 of SEBI (LODR) Regulations, 2015 along with a copy Srutinizers report of Annual General Meeting held on Jun 28, 2025
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SMC Global Securities Limited held its 31st Annual General Meeting on June 28, 2025 via video conferencing, with 28,359 shareholders on record. All 9 resolutions were approved, including adoption of audited financial statements, a final dividend of ₹1.20 per equity share (60% on face value of ₹2) on top of the interim dividend already paid, reappointment of Whole Time Director Shruti Aggarwal, and appointment of A.K. Roy & Associates as secretarial auditor for five years (FY26–FY30). Four resolutions dealt with revisions in remuneration for Whole Time Directors Anurag Bansal, Ajay Garg, Shruti Aggarwal, and HFT Head Anuj Kansal, and one special resolution authorised the company to raise funds through borrowings and debt securities. Promoter group shares (70.4 million) voted unanimously in favour, but public institutional investors (2.8 million shares) voted 81.47% against the three director remuneration revisions, though the resolutions still passed on overall voting strength.
All resolutions were passed, so routine business is confirmed and shareholders will receive the final dividend of ₹1.20 per share. However, the strong 81% dissent from public institutional investors on the director pay hikes is a notable governance flag worth monitoring, while the approved borrowing resolution gives the company flexibility to raise additional capital in the future.