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SMC Credits Limited is holding an Extra-Ordinary General Meeting for shareholder approval of a Rights Issue. The company aims to raise up to Rs. 45 Cr by issuing 3 Crore new equity shares. Each share will be priced at Rs. 15 (Rs. 10 face value plus Rs. 5 premium). The offer ratio is three new shares for every two existing shares held by eligible shareholders, with a Record Date to be announced by the Board. This capital raise will fund business operations. The company also announced a special window for the dematerialisation of physical securities, simplifying share transfers for investors.