Analysts/Institutional Investor Meet/Con. Call Updates

Date: 03rd November, 2026 Listing Operations Listing Department BSE Limited, National Stock Exchange of India P J Towers, Dalal Street, Limited, Mumbai-400001, India Exchange Plaza, C-1, Block G, Bandra Kurla Complex, Scrip Code: 543263 Bandra Debentures Scrip Code: (E ) Mumbai – 400051 940727,940717,940317,940325,940319,940 323,939655,940725,940321,939651,939657, Symbol: SMCGLOBAL 940327,939647,940719,940721,940723,941 295,941297,941299, 941301,941305 and 941303 Subject:- Earnings Call Transcript – Q2 and H1 FY27 Dear Sir/ Ma’am, In compliance with Regulation 30(2) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with Part A (15) of Schedule III, please find attached herewith the transcript of Earnings Call held on Tuesday, 27th October, 2026 at 5:00 P.M for Q2 and H1 FY27 (FY-2026-27). The above intimation is also being made available on the Company's website at www.smcindiaonline.com. This is for your information and records. Thanking you, For SMC Global Securities Limited Suman Kumar E.V.P. (Corporate Affairs) Company Secretary & General Counsel (Membership No. F5824) SMC Global Securities Limited Q2 FY’27 Earnings Conference Call October 27, 2026 Moderator: Ladies and gentlemen, good day and welcome to Q2 & H1 FY27 Earning Conference Call of SMC Global Securities Limited hosted by XB4 advisory. As a reminder, all participants will be in the listen-only mode and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call, please signal an operator by pressing * then 0 on your touchtone phone. Please note that this conference is being recorded. I now hand the conference over to Mr. Gautam Sipani from XB4 advisory. Thank you and over to you, Gautam. Gautam Sipani: Thank you. Good evening, everyone and thank you for joining us on the Q2 & H1 FY27 Earnings Conference Call of SMC Global Securities Limited. Joining us today on the call are Mr. Subhash Chand Aggarwal - Chairman and Managing Director of SMC Group. Mr. Mahesh C. Gupta - Vice-Chairman and Managing Director of SMC Group. Dr. D. K. Aggarwal - Managing Director and Chairman of SMC Capitals Limited. Mr. Ajay Garg - Director and CEO of SMC Global Securities Limited. Mr. Anurag Bansal – Whole Time Director of SMC Global Securities. Mr. Himanshu Gupta – Director & CEO of Moneywise Financial Services Private Limited. Ms. Shruti Aggarwal – Whole Time Director of SMC Global Securities Limited. Mr. Pranay Aggarwal - Director and CEO of Stoxkart and Mr. Rohit Nayyar – Group CFO. Before we begin, please note that today's discussion may include forward-looking statements which reflect the company's current views and expectations. These statements are subject to risk and uncertainty, and actual results may differ materially. A detailed safe harbor statement is provided on the second-last page of the earnings presentation, which is available on the stock exchange and the company's website as well. With that, I now invite Mr. Subhash Chand Aggarwal to share his opening remarks. Over to you, sir. With that, I now invite Mr. Subhash Chand Aggarwal to share his opening remarks. Subhash Chand Aggarwal: Thank you, Gautam. Good evening, everyone, and a warm welcome to all participants. We hope you have had the opportunity to review our Q2 and H1 FY27 financial results and the earnings presentation, both of which are available on the stock exchanges and on our website. Before I discuss our performance during the quarter, I would like to share an important funding update. On 28th September 2026, we filed our Prospectus for a public issue of secured, rated, listed, redeemable, non-convertible debentures of ₹1,000 face value each, with a base size of ₹75 crore and a green shoe option of up to another ₹75 crore, for a total of ₹150 crore. The issue opened on 5th October and drew an excellent response, with subscriptions of ₹166.49 crore, an oversubscription over the total issue size. We pre-closed the issue on 9th October and retained the full ₹150 crore. The NCDs were allotted on 13th October and listed on BSE on 14th October. This response reflects investor trust in our company and it strengthens our liquidity and diversifies our borrowing mix. I thank all our investors and stakeholders for their continued support. Now I take you through each business segments, let me set out the environment we operated in during the quarter. The July–September quarter tested investor sentiment. The Nifty 50 ended the quarter about 5% lower, and September was a difficult month, with foreign investors turning net sellers after two months of buying. Yet the underlying engine of Indian markets, the domestic investor, held firm. Three numbers capture this. Close to 90 lakhs new demat accounts were opened during the quarter, the strongest quarterly addition since late 2024, taking the country's investor base past 24 crore accounts. Sixty-nine IPOs raised a record ₹90,462 crore, the largest quarter ever for primary markets. And monthly SIP contributions reached an all-time high of ₹32,490 crore in September, even as markets corrected. Indian households are investing through the cycle, not around it, and that is the structural opportunity our business is built on. The quarter also brought one of the most significant changes to market structure in recent years. From 3rd August, the exchanges introduced the Closing Auction Session for F&O stocks, followed by a realigned pre-open session from 7th September. These changes improve price discovery and market integrity. They also required every broker to re-engineer trading systems at short notice, and I am pleased to say SMC and StoxKart were fully live for all clients from day one. On funding, the RBI's revised framework for bank lending to capital market intermediaries came into effect from 1 July, requiring full collateralisation of bank facilities to brokers. This raises the bar on capital and compliance across the industry. We believe it favours well- capitalised, diversified intermediaries, and SMC entered this framework from a position of strength. The insurance industry continued to grow at a healthy pace, led by health. Non-life premiums grew 9.6% in the April–August period, with health insurance now accounting for 44% of non- life premiums. On the regulatory side, IRDAI moved insurance intermediaries to continuous registration from 30 July, and in September released a consultation paper on the economics of insurance distribution. We are engaging with the consultation and see the direction, towards transparency and policyholder outcomes, as positive for established, compliant intermediaries. For the NBFC sector, the quarter was constructive. Credit growth was sustained, asset quality trends were healthy, and lenders continued to prefer secured, granular lending. The RBI kept the repo rate unchanged at 5.25% in August, which supported a moderation in funding costs during the quarter. Subsequent to quarter end, on 7th October, the RBI raised the repo rate by 25 basis points to 5.50%. Speaking about business, our diversified model, spanning broking, distribution, insurance and lending, delivered consolidated revenue growth of 21% in the first half, with profit after tax up 28%. Now, Talking about our 3 main segments: Our broking franchise runs on two engines: SMC, our full-service platform serving investors through advice and relationships, and StoxKart, our digital-first platform for self-directed traders. This quarter, both engines widened what we offer clients and how we earn from them. Our broking client base, including StoxKart, grew to 14.2 lakh as of September 2026, and broking DP AUA rose to ₹1,66,737 crore, up about 17% from March 2026. Online penetration of our client base increased further to 75%, from 72% at the end of FY26. Mutual fund AUM stood at ₹4,711 crore with 91,145 running SIPs, and our wealth AUM/AUA grew about 25% in the half year to ₹1,464 crore. S [Showing first 8,000 characters — download PDF for full document]