Description

BSE announces listing of six series of secured redeemable non-convertible debentures issued by SMC Global Securities Limited with varying coupon rates and maturity dates.

Summary

BSE has listed six series of secured, redeemable, 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. The series vary in interest payment frequency (annual, monthly, and cumulative), coupon rates (9.75% to 10.25% per annum), and maturity periods ranging from 2027 to 2030. All series carry ICRA A Stable credit rating.

Key Points

  • Total of 6 series of NCDs listed with aggregate issuance of 13,38,586 debentures
  • Face value and issue price: Rs. 1,000 per NCD (except Series II and IV with higher issue prices)
  • Coupon rates range from 9.75% to 10.25% per annum
  • Date of allotment: October 30, 2025
  • Interest payment frequencies: Annual, Monthly, and Cumulative
  • 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 announced. This is a standard listing notification.

Compliance Requirements

  • SMC Global Securities Limited must comply with standard listing obligations for debt securities
  • Regular interest payments as per the specified frequency for each series
  • Timely redemption at maturity dates
  • Ongoing disclosure requirements as per BSE listing regulations

Important Dates

  • Allotment Date: October 30, 2025
  • First Interest Payment:
    • Series I, III, VI: October 30, 2026
    • Series V (Monthly): December 1, 2025
    • Series II, IV: NA (Cumulative)
  • Redemption Dates:
    • Series I, II: October 30, 2027
    • Series III, IV: October 30, 2028
    • Series V, VI: October 30, 2030

Impact Assessment

This listing has minimal market-wide impact and is primarily relevant to debt investors interested in SMC Global Securities Limited’s NCDs. The issuance provides the company with debt capital for its operations. The staggered maturity structure (2027-2030) indicates systematic debt management. With coupon rates between 9.75% and 10.25%, these NCDs offer competitive returns for fixed-income investors. The ICRA A Stable rating suggests adequate credit quality with stable outlook. No immediate trading or operational impact expected on broader market participants.

Series Details

Series I (Scrip Code: 940717)

  • ISIN: INE103C07181
  • Frequency: Annual
  • Coupon: 9.75%
  • Securities: 2,69,477
  • Maturity: October 30, 2027

Series II (Scrip Code: 940719)

  • ISIN: INE103C07132
  • Frequency: Cumulative
  • Issue Price: Rs. 1,204.51
  • Securities: 1,81,516
  • Maturity: October 30, 2027

Series III (Scrip Code: 940721)

  • ISIN: INE103C07140
  • Frequency: Annual
  • Coupon: 10.00%
  • Securities: 2,37,758
  • Maturity: October 30, 2028

Series IV (Scrip Code: 940723)

  • ISIN: INE103C07157
  • Frequency: Cumulative
  • Issue Price: Rs. 1,331.00
  • Securities: 96,496
  • Maturity: October 30, 2028

Series V (Scrip Code: 940725)

  • ISIN: INE103C07173
  • Frequency: Monthly
  • Coupon: 9.80%
  • Securities: 3,04,827
  • Maturity: October 30, 2030

Series VI (Scrip Code: 940727)

  • ISIN: INE103C07165
  • Frequency: Annual
  • Coupon: 10.25%
  • Securities: 2,48,512
  • Maturity: October 30, 2030

Impact Justification

Routine debt securities listing with limited market-wide impact, relevant only to NCD investors and the issuing company