SMC Global Securities Approves Prospectus for ₹15,000 Lakh NCD Issue
SMC Global Securities' committee approved the prospectus for a public issuance of NCDs worth up to ₹15,000 Lakh. The NCDs are secured, rated 'ICRA A Stable', and proposed for listing on BSE. The committee meeting was held on September 28, 2026.
The issuance of NCDs up to ₹15,000 Lakh is a material event for the company's capital structure and future funding, impacting its financial leverage and operational capacity.
The company is proceeding with a significant debt fundraising initiative, which is generally viewed positively as it indicates growth or expansion plans.
SMC Global Securities Limited announced that its Non-convertible Debenture Committee, during a meeting held on September 28, 2026, has approved the prospectus for the public issuance of Secured, Rated, Listed, Redeemable, Non-Convertible Debentures (NCDs). The NCDs have a face value of ₹1,000 each, with a base issue size of up to ₹7,500 Lakh and an option to retain oversubscription up to ₹7,500 Lakh, making the total issue size up to ₹15,000 Lakh.
The committee meeting commenced at 6:00 PM and concluded at 6:30 PM. The prospectus will be filed with the Registrar of Companies, SEBI, and BSE Limited. It will also be made available on the websites of SEBI, BSE, NSE, and the company.
The NCDs have been rated 'ICRA A Stable' by ICRA Limited and are proposed to be listed on BSE Limited, which has granted 'In-Principle' approval. The NCDs will be secured by a pari passu charge over the company's Trade Receivables and MTF, with a security cover of at least 110% of the outstanding principal amounts and interest.
What to do with a filing like this
SMC Global Securities Limited filed this with the NSE as a statutory disclosure, categorised under debt fundraising. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by SMC Global Securities Limited. Read the original for the full detail.