SMC Global Securities Limited (BSE:543263) announces a share repurchase program. Under the program, the company will repurchase up to INR 750 million worth of its shares. The shares will be repurchased at a price not exceeding INR 115 per share.

The program will be funded out of the balances in free reserves, current surplus and/ or cash and cash equivalents and/ or internal accruals or liquid resources. As of April 29, 2022, the company had 113,134,450 shares in outstanding.