SMC Global Securities Limited has formally announced the retirement of Senior Vice President (SVP) and Senior Management Personnel (SMP), Mr. Ashok Kumar Aggarwal, effective from the close of business hours on March 31, 2025. This disclosure has been made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and aligned with SEBI Circular No. SEBI/HO/CFD/CFD-PoD 1/P/CIR/2023/123 dated July 13, 2023.

Official Announcement to Stock Exchanges

The announcement was conveyed to BSE Limited (BSE) and the National Stock Exchange of India Limited (NSE), with the relevant details outlined in a formal notification dated March 28, 2025. As per the disclosure, Mr. Ashok Kumar Aggarwal will retire upon attaining the age of retirement, and hence, there is no requirement for submitting a resignation letter.

Details Shared in Annexure A

The company has provided the required information through Annexure A, which includes the following key details:

• Name: Mr. Ashok Kumar Aggarwal

• Reason for Change: Retirement from the position of Senior Vice President and Senior Management Personnel.

• Effective Date of Cessation: Close of business hours on March 31, 2025.

Compliance with SEBI Regulations

This change in senior management follows the amended provisions of Regulation 30 and is aligned with the latest SEBI guidelines issued in July 2023, which emphasize transparency and disclosure of key management changes. The company's notification also highlights that since the retirement is due to attaining the prescribed retirement age, there are no further formalities such as the submission of a resignation letter or additional disclosures regarding replacements or further actions.

Impact on Company Operations

The retirement of Mr. Ashok Kumar Aggarwal is not expected to have any material impact on the company’s financials, operations, or governance structure. As a Senior Vice President and SMP, Mr. Aggarwal has played an important role in the management and corporate affairs of SMC Global Securities Limited, and his departure due to retirement has been anticipated and planned in accordance with company policies and industry standards.

Background of SMC Global Securities Limited

SMC Global Securities Limited is a prominent name in the Indian financial services industry, providing a wide range of services including:

• Clearing and Trading in Cash, F&O, Currency, Debt, and Commodities.

• Depository Services with the National Securities Depository Limited (NSDL) and Central Depository Services Limited (CDSL).

• Research and Advisory Services under SEBI Registration No. INH100001849.

The company is registered under SEBI Regn. No. INZ 000199438 and operates through a widespread network of branches across India, offering services to retail and institutional clients.

Regulatory Compliance and Transparency

As a part of its ongoing commitment to maintaining regulatory compliance and transparency, SMC Global Securities Limited ensures that all material disclosures regarding changes in senior management personnel are made in accordance with the provisions of SEBI Listing Regulations. The latest disclosure regarding Mr. Aggarwal’s retirement is consistent with these obligations, with all relevant information being communicated to stock exchanges and shareholders in a timely and transparent manner.

Hosting of Disclosure on Company Website

In compliance with SEBI Listing Regulations, the disclosure regarding Mr. Aggarwal's retirement will also be made available on the company’s official website at www.smcindiaonline.com. This ensures that the information is accessible to all stakeholders, enhancing transparency and promoting corporate governance standards.

No Further Actions Required

Since the retirement is due to attaining the age of retirement, no resignation letter has been submitted, and there is no requirement for further action by the company in this regard. The smooth transition reflects the company’s robust succession planning process, ensuring continuity in leadership and seamless operational management.

Conclusion

The retirement of Mr. Ashok Kumar Aggarwal marks the conclusion of a distinguished career in the financial services sector, and his contributions to SMC Global Securities Limited have been instrumental in the company’s success. As the company navigates this transition, it remains committed to maintaining leadership excellence and regulatory compliance in all aspects of its operations.

All relevant information pertaining to this change in senior management has been duly disclosed to the stock exchanges and will be made available on the company’s website for public reference.

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