Pursuant to Regulation 31(4) of SEBI (SAST) Regulation, 2011. I, Ajay Kumar Kayan, Promoter and Non-Executive Non-Independent Director of SMIFS capital Markets Limited, hereby declare and confirm that the Promoters along with the 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