Pursuant to Reg 31(4) of SEBI (SAST) Reg, 2011. I, Utsav Parekh, Promoter and Non-Executive Non-Independent Director of SMIFS Capital Markets Limited hereby declare and confirm that the Promoters along with any person acting in concert (PAC) has not made any encumbrance over the shares held by us, directly or indirectly during the financial year ended 31.03.2024