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SMC Global Declares ₹0.60 Interim Dividend; Q3 Standalone PAT at ₹31.45 Crore
SMC Global Securities has declared an interim dividend of ₹0.60 per equity share (30% of face value) for the financial year 2025-26, with the record date set for February 6, 2026. The company reported standalone Profit After Tax (PAT) of ₹31.45 crore for Q3 FY26, a decline from ₹38.41 crore in the corresponding quarter of the previous year. Total standalone income for the quarter stood at ₹222.42 crore, slightly lower than the ₹227.23 crore reported in Q3 FY25. The earnings per share (EPS) for the quarter was ₹1.50, adjusted for the 1:1 bonus issue completed in November 2025.
Key Highlights
Declared an interim dividend of ₹0.60 per share (30% of face value) with a record date of February 6, 2026.
Standalone Profit After Tax (PAT) for Q3 FY26 decreased to ₹31.45 crore from ₹38.41 crore YoY.
Total standalone income for the quarter ended December 31, 2025, was ₹222.42 crore.
Successfully raised ₹33.86 crore through the public issuance of Non-Convertible Debentures (NCDs) in October 2025.
EPS for the quarter stands at ₹1.50, restated to account for the 1:1 bonus share allotment in November 2025.
💼 Action for Investors
Investors should track the record date of February 6, 2026, to be eligible for the interim dividend. While the dividend provides immediate yield, the slight year-on-year decline in quarterly profitability warrants a closer look at operating margins in the broking segment.
GB Global Appoints Vijay Thakkar as Chairman & MD; Dev Thakkar Resigns
GB Global Limited has announced a significant leadership restructuring effective January 23, 2026. Mr. Vijay Thakkar has been redesignated as the Chairman and Managing Director of the company, bringing a background in real estate and construction leadership. Concurrently, Mr. Dev Thakkar has resigned from his position as Chairman and Non-Executive Director citing personal reasons. This transition consolidates executive leadership under Vijay Thakkar, who is also related to Director Mrs. Tanam Thakkar.
Key Highlights
Mr. Vijay Thakkar (DIN: 00189355) appointed as Chairman and Managing Director effective January 23, 2026.
Mr. Dev Thakkar (DIN: 07698270) resigned as Chairman and Non-Executive Director effective closing hours of January 23, 2026.
The Board of Directors approved these changes in a meeting held on January 23, 2026, which concluded at 4:05 p.m.
Mr. Vijay Thakkar is the husband of Mrs. Tanam Thakkar, a Woman Director on the company's board.
The new CMD, Vijay Thakkar, has extensive experience in the real estate and construction sectors.
💼 Action for Investors
Investors should monitor for any shifts in corporate strategy or operational focus following the consolidation of the Chairman and MD roles under Vijay Thakkar.
GB Global Appoints Vijay Thakkar as MD & Chairman; Dev Thakkar Resigns from Board
GB Global Limited has announced a leadership transition effective January 23, 2026. Mr. Dev Thakkar has resigned from his position as Chairman and Non-Executive Director, citing personal and unavoidable reasons. In his place, the Board has approved the change in designation of Mr. Vijay Thakkar to Managing Director and Chairman of the company. Mr. Vijay Thakkar brings extensive experience in real estate and construction and is the husband of Director Mrs. Tanam Thakkar.
Key Highlights
Mr. Dev Thakkar resigned as Chairman and Non-Executive Director effective closing hours of January 23, 2026.
Mr. Vijay Thakkar (DIN: 00189355) has been designated as the new Managing Director and Chairman.
The outgoing Chairman confirmed there are no material reasons for resignation other than personal ones.
Mr. Vijay Thakkar is related to the board as the spouse of Mrs. Tanam Thakkar, a Woman Director of the company.
💼 Action for Investors
Investors should monitor the company's strategic direction under the new leadership of Mr. Vijay Thakkar, especially given the consolidation of the MD and Chairman roles.
GB Global: Vijay Thakkar Appointed MD & Chairman as Dev Thakkar Resigns
GB Global Limited has announced a leadership restructuring effective January 23, 2026. Mr. Dev Thakkar has resigned from his position as Chairman and Non-Executive Director, citing personal and unavoidable reasons. Concurrently, the Board has approved the redesignation of Mr. Vijay Thakkar as the Managing Director and Chairman of the company. This move consolidates the top executive and board leadership roles under a single individual with a background in real estate and construction.
Key Highlights
Resignation of Mr. Dev Thakkar as Chairman and Non-Executive Director effective January 23, 2026.
Redesignation of Mr. Vijay Thakkar (DIN: 00189355) as both Managing Director and Chairman.
Mr. Vijay Thakkar is the husband of Mrs. Tanam Thakkar, a woman director on the company board.
The board meeting approving these changes concluded at 04:05 p.m. on January 23, 2026.
💼 Action for Investors
Investors should monitor the company's strategic direction under the new unified leadership of Mr. Vijay Thakkar. Observe if the consolidation of the MD and Chairman roles leads to any changes in corporate governance or operational focus.
GB Global Appoints Vijay Thakkar as MD & Chairman; Dev Thakkar Resigns
GB Global Limited has announced a significant leadership transition following its board meeting on January 23, 2026. Mr. Vijay Thakkar, previously a director, has been redesignated as the Managing Director and Chairman of the company. Concurrently, Mr. Dev Thakkar has resigned from his role as Chairman and Non-Executive Director effective immediately, citing personal reasons. These changes represent a consolidation of leadership under Vijay Thakkar, who brings experience from the real estate and construction sectors.
Key Highlights
Mr. Vijay Thakkar (DIN: 00189355) appointed as Managing Director and Chairman effective January 23, 2026.
Mr. Dev Thakkar (DIN: 07698270) resigned from the Board citing personal and unavoidable reasons.
The board meeting lasted approximately 4 hours and 35 minutes, concluding at 4:05 p.m.
Vijay Thakkar is the husband of Mrs. Tanam Thakkar, who also serves as a Director on the company's board.
💼 Action for Investors
Investors should monitor if this leadership change leads to a shift in corporate strategy, particularly given the new Managing Director's background in real estate. No immediate portfolio action is necessary based solely on these administrative changes.
GB Global Appoints Vijay Thakkar as MD & Chairman; Dev Thakkar Resigns
GB Global Limited has announced a significant leadership transition following its board meeting on January 23, 2026. Mr. Vijay Thakkar has been redesignated as the Managing Director and Chairman of the company, bringing a background in real estate and construction leadership. Concurrently, Mr. Dev Thakkar has resigned from his position as Chairman and Non-Executive Director effective immediately due to personal reasons. These changes represent a shift in the top-level governance of the company formerly known as Mandhana Industries.
Key Highlights
Mr. Vijay Thakkar (DIN: 00189355) appointed as Managing Director and Chairman effective January 23, 2026
Mr. Dev Thakkar (DIN: 07698270) resigned as Chairman and Non-Executive Director citing personal reasons
The board meeting was conducted from 11:30 a.m. to 04:05 p.m. on January 23, 2026
Vijay Thakkar is the husband of Mrs. Tanam Thakkar, who serves as a Woman Director on the board
💼 Action for Investors
Investors should monitor the company's strategic direction under the new Managing Director to see if his real estate expertise influences future business pivots. No immediate action is required, but leadership changes at the MD level warrant close observation of upcoming quarterly results.
Global Education's Cyber Vidya Platform Crosses 45,000 Student Milestone
Global Education Limited has announced that its proprietary EdTech and ERP platform, Cyber Vidya, has successfully onboarded over 45,000 students. This milestone indicates strong product-market fit and increasing adoption of integrated digital platforms in India's higher education sector. The growth is supported by strategic partnerships with institutions such as KIET Institute, PSIT Institute, and Jagran Lakecity University. By managing the entire student lifecycle, the platform creates a high-retention, 'sticky' business model for the company.
Key Highlights
Cyber Vidya platform surpassed the 45,000 student enrollment milestone during the current financial year.
Strategic partnerships secured with reputed institutions including KIET Institute (Ghaziabad) and PSIT Institute (Kanpur).
The platform serves as an end-to-end digital infrastructure managing admissions, academic delivery, and certifications.
Shift in institutional preference from fragmented software to integrated 'One Stop Shop' ERP solutions is driving growth.
💼 Action for Investors
Investors should track how this user growth translates into revenue and margin improvements in the next few quarters. The scalability of this proprietary digital asset is a significant positive indicator for the company's long-term growth strategy.
Global Education's Cyber Vidya Platform Crosses 45,000 Student Milestone
Global Education Limited announced that its proprietary EdTech and ERP platform, Cyber Vidya, has successfully onboarded over 45,000 students during the current financial year. The platform serves as a comprehensive digital infrastructure for higher education, managing the entire student lifecycle from admissions to certification. Growth has been fueled by new partnerships with institutions such as KIET Institute, PSIT Institute, and Jagran Lakecity University. This milestone indicates a strong product-market fit and a shift toward integrated digital ecosystems in the Indian education sector.
Key Highlights
Cyber Vidya platform crossed the 45,000 student milestone in the current financial year.
Successfully onboarded major institutions including KIET Institute (Ghaziabad) and Jagran Lakecity University (Bhopal).
The platform manages end-to-end workflows including admissions, academic delivery, and assessments.
Proprietary in-house developed ERP creates high institutional 'stickiness' and long-term recurring value.
The update reflects a strategic shift from fragmented software to unified digital platforms in higher education.
💼 Action for Investors
Investors should monitor how this user growth translates into revenue and margin expansion in the upcoming quarterly results. The scalability of this proprietary digital asset is a key driver for the company's long-term valuation.
GB Global Merger with Dev Land and Housing: NCLT Admits Petition, Final Hearing on Feb 20, 2026
GB Global Limited (formerly Mandhana Industries) has received an order from the NCLT Mumbai Bench regarding its proposed merger by absorption into Dev Land and Housing Private Limited. The NCLT has officially admitted the petition and scheduled the final hearing for February 20, 2026. The company is now required to serve notices to statutory authorities and publish the hearing details in English and local newspapers. This merger will lead to the absorption of GB Global by the transferee company, pending final judicial approval.
Key Highlights
NCLT Mumbai Bench admitted the merger petition on January 8, 2026, with the order received by the company on January 19, 2026.
The scheme involves the merger by absorption of GB Global Limited (Transferor) into Dev Land and Housing Private Limited (Transferee).
A final hearing for the disposal of the merger petition is scheduled for February 20, 2026.
Statutory authorities including SEBI, Stock Exchanges, and Income Tax authorities have 30 days to submit representations.
Public notices must be published in Business Standard and Navshakti newspapers at least 10 days prior to the hearing date.
💼 Action for Investors
Investors should closely monitor the outcome of the final NCLT hearing on February 20, 2026, as it will determine the completion of the merger. It is essential to review the final swap ratio and the impact on shareholding once the scheme is sanctioned.
XTGlobal Infotech Signs Term Sheet for Acquisition of US-Based IT/ITES Business
XTGlobal Infotech Limited has entered into a term sheet to acquire the entire business of a US-based IT/ITES entity to drive strategic growth and operational synergies. The acquisition is expected to be completed within approximately three months, subject to due diligence and definitive agreements. While specific financial details like turnover and cost are currently withheld due to commercial sensitivity, the consideration will be settled through cash or a share swap. This move signals the company's intent to expand its footprint and scale in the American technology services market.
Key Highlights
Proposed acquisition of 100% business of a US-based IT/ITES firm to enhance global operations.
Transaction timeline estimated at 3 months for completion of due diligence and final agreements.
Consideration to be discharged via cash and/or share swap, subject to finalization of terms.
The target is a moderate-scale entity, and the transaction is being conducted at arm's length.
💼 Action for Investors
Investors should watch for the execution of definitive agreements to understand the valuation and potential equity dilution from the share swap. The expansion into the US market is a positive indicator for long-term revenue growth.
Global Education to Sell 1.1 Lakh NSE Shares at Minimum ₹1,800 per Share
Global Education Limited has received board approval to monetize its investment in the National Stock Exchange of India Ltd (NSE). The company plans to sell up to 1,10,000 equity shares at an indicative price of no less than ₹1,800 per share. This transaction is expected to generate a minimum cash inflow of ₹19.8 crore. The sale will be executed in a phased manner during the current or subsequent quarter, significantly boosting the company's liquidity position.
Key Highlights
Board approved the disposal of up to 1,10,000 equity shares of the National Stock Exchange (NSE).
Minimum floor price for the sale is set at ₹1,800 per share.
The transaction represents a minimum value of ₹19.8 crore in asset monetization.
Sale to be executed in a phased manner during the remainder of FY 2025-26.
The Board expressed satisfaction with general business operations during the same meeting.
💼 Action for Investors
Investors should view this as a positive value-unlocking event that provides significant non-operating cash flow. Monitor the upcoming quarterly results for details on how the management intends to deploy these funds for growth or shareholder rewards.
Global Education to sell 1.1 lakh NSE shares at minimum ₹1,800 per share
Global Education Limited's board has approved the sale of up to 1,10,000 equity shares of the National Stock Exchange of India (NSE). The transaction is set at a floor price of ₹1,800 per share, which would result in a minimum cash inflow of approximately ₹19.8 crore. The sale is expected to be executed in a phased manner during the current or subsequent quarter. This move allows the company to unlock value from its non-core investment and significantly boost its liquidity position.
Key Highlights
Approved sale of up to 1,10,000 equity shares of the National Stock Exchange (NSE)
Indicative floor price set at ₹1,800 per share, implying a minimum deal value of ₹19.8 crore
Transaction to be executed in a phased manner during the current or next financial quarter
Board expressed satisfaction with the company's general business operations during the review
CFO and Company Secretary authorized to finalize terms and engage with intermediaries
💼 Action for Investors
Investors should view this as a positive liquidity event that unlocks value from unlisted assets; monitor how the company plans to deploy the ₹19.8 crore+ proceeds.