Description

BSE announces the listing of six series of secured, redeemable, non-convertible debentures issued by SMC Global Securities Limited with varying tenures and coupon rates ranging from 9.75% to 10.25%.

Summary

BSE has announced the listing of six series of secured, redeemable, listed, non-convertible debentures (NCDs) issued by SMC Global Securities Limited. The debentures were allotted on October 30, 2025, with face values of Rs. 1,000 per NCD and varying interest payment frequencies (annual, monthly, and cumulative). The series have coupon rates ranging from 9.75% to 10.25% per annum with maturity periods between 2027 and 2030. All series carry an ICRA A Stable credit rating.

Key Points

  • Total of six series of NCDs listed with aggregate issuance of 13,38,586 debentures
  • Face value: Rs. 1,000 per NCD across all series
  • Date of allotment: October 30, 2025
  • Coupon rates: 9.75% (Series I & II), 9.80% (Series V), 10.00% (Series III & IV), and 10.25% (Series VI)
  • Interest payment frequencies: Annual (Series I, III, VI), Monthly (Series V), and Cumulative (Series II, IV)
  • Maturity dates range from October 30, 2027 to October 30, 2030
  • Credit rating: ICRA A Stable for all series
  • Market lot: One NCD for all series
  • No put/call options available

Regulatory Changes

No regulatory changes introduced. This is a standard listing notification.

Compliance Requirements

No specific compliance requirements for market participants. The listing follows standard BSE procedures for debt securities.

Important Dates

  • Allotment Date: October 30, 2025
  • First Interest Payment Dates:
    • Series I: October 30, 2026
    • Series II: Not applicable (cumulative)
    • Series III: October 30, 2026
    • Series IV: Not applicable (cumulative)
    • Series V: December 1, 2025
    • Series VI: October 30, 2026
  • Redemption/Maturity Dates:
    • Series I & II: October 30, 2027 (redemption amount Rs. 1,000 and Rs. 1,204.51 respectively)
    • Series III & IV: October 30, 2028 (redemption amount Rs. 1,000 and Rs. 1,331.00 respectively)
    • Series V & VI: October 30, 2030 (redemption amount Rs. 1,000 for both)

Impact Assessment

Market Impact: Low. This is a routine listing announcement for corporate debt securities. The listing provides additional fixed-income investment options for debt market participants.

Investor Impact: Moderate for fixed-income investors seeking secured debt instruments with tenures of 2-5 years and yields between 9.75% and 10.25%. The ICRA A Stable rating indicates adequate safety with moderate credit risk.

Liquidity: The six series provide investors with options for different interest payment frequencies and maturity profiles, though actual secondary market liquidity will depend on trading volumes post-listing.

Impact Justification

Routine listing announcement for debt securities of SMC Global Securities Limited. Affects only NCD investors and does not impact broader market operations or trading.