SMT Engineering Limited has filed its mandatory regulatory disclosure under SEBI takeover regulations for the financial year ended March 31, 2026. The disclosure, submitted on April 3, 2026, confirms compliance with substantial acquisition and takeover regulations.

Regulatory Compliance Declaration

The company submitted its disclosure under Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 to BSE Limited. The declaration confirms that the promoter group made no new encumbrances, directly or indirectly, beyond those already disclosed during the financial year 2025-2026.

Promoter Group Structure

The disclosure identifies six individuals comprising the promoter group, all from the Jaiswal family:

Company Leadership

Ajay Jaiswal, serving as Managing Director with DIN 01754887, signed the disclosure on behalf of the entire promoter group and persons acting in concert. The declaration was digitally signed and submitted to both the company's audit committee and BSE's Department of Corporate Services.

Corporate Information

SMT Engineering Limited, formerly known as Adarsh Mercantile Limited, operates from its registered office at Plot No. 23D Sector A, Sanwer Road Industrial Area, Indore, Madhya Pradesh. The company maintains its corporate identity number L33120MP1992PLC080093 and trades on BSE under scrip code 538563.

The filing represents the company's ongoing commitment to regulatory compliance and transparent disclosure practices as mandated by SEBI regulations for listed entities.

SMT Engineering Limited (formerly known as Adarsh Mercantile Limited) announced the outcome of a separate meeting of independent directors held on March 24, 2026. The meeting was conducted in compliance with regulatory requirements and focused on key governance assessments.

Meeting Agenda and Outcomes

The independent directors addressed three primary areas during their separate meeting:

Corporate Governance Framework

The separate meeting of independent directors represents a critical component of the company's corporate governance structure. The assessment of information flow between company management and the board ensures that directors can effectively and reasonably perform their duties with adequate and timely information.

Company Information

SMT Engineering Limited operates under Corporate Identity Number L33120MP1992PLC080093 with its registered office located at Plot No. 23d 'Sector A' Sanwer Road Industrial Area, Near Parle G Biscuit Factory, Indore 452015, Madhya Pradesh. The company was formerly known as Adarsh Mercantile Limited and maintains its corporate website at www.smtel.in .

Regulatory Compliance

The meeting outcome was communicated to BSE Limited as part of the company's disclosure obligations. Independent Director Abhishek Kanungo (DIN: 11259823) signed the regulatory filing, ensuring compliance with listing requirements and maintaining transparency with stakeholders.