SMT Engineering pays ₹1.13 lakh fine to BSE for compliance delay

SMT Engineering Ltd paid a total fine of ₹1,13,280 to Bombay Stock Exchange Ltd for delaying the submission of its secretarial compliance report for the financial year ended March 31, 2026. The penalty was imposed under Regulation 24A(2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015. The company received the intimation regarding the fine on June 22, 2026, and subsequently rectified the non-compliance by submitting the required report on July 17, 2026.

The fine was levied as per SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026. The initial amount of ₹87,320 was paid on July 10, 2026, via UTR No. INDBH10076069831. Following the rectification of the delay, an additional penalty of ₹25,960 was paid on July 18, 2026, via UTR No. INDBH18077180031. The total payment includes applicable GST.

Details of the Penalty

The disclosure regarding the delay and payment was made to the exchange on July 18, 2026. The table below outlines the specific details of the fine and the corresponding payments made by the company.

S.No.	Particulars	Details
1.	Name of the authority	Bombay Stock Exchange Ltd.
2.	Details of fines, penalties, dues, etc. including amount	Fine of Rs. 96000/- plus GST levied under Regulation 24A(2) for non-compliance with submission of secretarial compliance report within the prescribed timeline.
3.	Date of receipt of Direction or Order	June 22, 2026
4.	Due date of payment	Within 15 days.
5.	Details of payment including date of payment and amount paid	The Company has paid an amount of Rs. 87,320/- (including GST) vide UTR No. INDBH10076069831 dated July 10, 2026. Further, upon rectification of the non-compliance, the Company has paid an additional fine of Rs. 25,960/- (including GST) vide UTR No. INDBH18077180031 dated July 18, 2026. Accordingly, the total fine paid by the Company amounts to Rs. 1,13,280/- (including GST).
6.	Reasons for delay or default in payment	Procedural delay in making payment.
7.	Impact on financial, operation or other activities of the listed entity, quantifiable in monetary terms to the extent possible.	There is no material impact on financial, operational or other activities of the Company.

The company confirmed that the outstanding penalty was fully paid upon rectification and that the details have been disclosed to the stock exchange. SMT Engineering stated that there is no material impact on its financial, operational, or other activities as a result of this penalty.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+4.94%	+16.96%	+19.99%	+97.22%	+1,874.96%	+7,649.60%

SMT Engineering Ltd announced that Yash Patel has resigned from the position of Chief Financial Officer of its unlisted material subsidiary, Sai Machine Tools Private Limited. The resignation is effective June 29, 2026, and was submitted due to personal reasons cited by the outgoing executive. The subsidiary is a wholly owned entity of SMT Engineering Ltd.

The intimation was made to BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure details the cessation of Patel's role and confirms that the subsidiary will undertake the necessary statutory filings with the Registrar of Companies and other relevant authorities.

Resignation Details

The following table outlines the key particulars of the regulatory disclosure regarding the change in the subsidiary's leadership:

Particulars	Details
Reason for Change	Resignation of Mr. Yash Patel from the office of Chief Financial Officer of Sai Machine Tools Private Limited, unlisted Material - Wholly Owned Subsidiary Company.
Date of Cessation	June 29, 2026
Brief Profile	Not Applicable

In his resignation letter, Patel expressed gratitude to the management, specifically Ajay Jaiswal and Ashok Jaiswal, for the opportunity to work with the organization. He requested that the management complete all requisite compliance procedures to update official records.