SMC Global Securities Approves ₹106 Crore Preferential Warrant Issue To Non-Promoters

Board approved preferential issue of 1 Cr convertible warrants at Rs106 (Rs106Cr) to 3 non-promoters, convertible in 18 months: Mahesh Kumar 42L, SGS Fintech 33L, Open Advanced 25L. EGM 6 Nov 2026. Novel equity-linked raise after recent debt NCD funding and bonus-only equity history; introduces outside dilution alongside concentrated stable promoter base; needs shareholder nod. Dilution overhang until 18-month conversion; use of proceeds, pricing basis, allottee backgrounds and payment terms undisclosed; EGM and regulatory approvals pending.