SMC Credits Board Clears Q2FY27 Unaudited Financials With Limited Review Report

SMC Credits Limited's board approved unaudited financial results for the quarter and half year ended September 30, 2026, at a meeting on November 14, 2026. ScanX reported that the results carried a Limited Review Report from Kumar Ashwani & Associates, Chartered Accountants (FRN: 008891N), the statutory auditors.

SMC Credits Board Meeting and Rights Issue Review

The board met from 4:30 pm to 5:02 pm and approved the results as recommended by the Audit Committee, according to the report. The board also approved the Statement of Deviation(s) or Variation(s) under Regulation 32 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 for the same period. The disclosures were filed under SEBI Circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, read with relevant stock exchange circulars.

SMC Credits raised ₹1,503.33 lakh through a rights issue on December 29, 2022. The Audit Committee confirmed no deviation or variation in the use of those funds. Of the total, ₹1,125.00 lakh was allocated and fully utilised for augmenting the capital base, ₹351.98 lakh was allocated to general corporate purpose with ₹351.33 lakh utilised and ₹0.65 lakh unutilised, and ₹26.35 lakh for issue related expenses was fully utilised. No modified objects or modified allocations were reported.

In the integrated filing, the financial results and the statement on deviation or variation were enclosed. Disclosure of outstanding default on loans and debt securities was marked not applicable, as was the statement on impact of audit qualifications, which applies to annual filing. Disclosure of related party transactions was to be filed along with XBRL for the financial results.

SMC Credits' RBI-Registered Lending Base

SMC Credits is a publicly listed, RBI-registered Indian Non-Banking Financial Company incorporated in 1992, operating from a single New Delhi office and engaged in non-banking financial activities without accepting public deposits, according to akta.pro company records. The same records show the company secured Reserve Bank of India registration in 1992 and has maintained its public listing on BSE (bom:532138) with continuous statutory disclosures, including annual reports, shareholding patterns and AGM notices spanning FY 2015-16 through FY 2024-25.

SMC Credits Compliance Filings Ahead

The related party transactions disclosure is to be filed along with XBRL for the financial results, the report said. The company's own filings are submitted to BSE Limited under the SEBI regulations cited in the board disclosure.