Smc Global Securities Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) and 31 (5) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
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SMC Global Securities Limited has submitted its annual promoter shareholding and encumbrance disclosure for the financial year ended March 31, 2026. The filing declares that promoters have not created any new encumbrances beyond what was previously disclosed. Two promoter entities have existing pledges: Pulin Investments Pvt. Ltd. holds 19,004,410 shares with 11,054,410 shares pledged (approximately 58.2%), and Jai Ambey Share Broking Ltd. holds 969,970 shares with 650,000 shares pledged (approximately 67.0%). Both entities have pledged over 50% of their respective shareholdings. The declaration was submitted by Chairman and Managing Director Subhash Chand Aggarwal on behalf of all promoters and persons acting in concert.
The disclosure confirms that significant portions of promoter holdings remain pledged, which represents ongoing financial risk. Existing pledge levels above 50% for two key promoter entities could pose concerns if share prices decline sharply, potentially triggering margin calls or forced selling.