SMT Engineering Limited (formerly known as Adarsh Mercantile Limited) has announced significant corporate actions following a board meeting held on November 13, 2025. The company's board has approved a preferential issue of equity shares and an increase in its authorised share capital, subject to shareholder approval.

Preferential Issue Details

The board has approved the issuance of up to 15,50,000 equity shares at Rs 225.00 per share on a preferential basis to non-promoter public category investors. This move is expected to raise up to Rs 348.75 crore. The preferential issue is subject to shareholder and stock exchange approvals and will be conducted in accordance with SEBI regulations.

Increase in Authorised Share Capital

SMT Engineering's board has also approved an increase in the company's authorised share capital. The proposed increase is from Rs 17.00 crore to Rs 18.10 crore, subject to shareholder approval. This increase will allow the company to issue additional equity shares as part of its preferential issue.

Financial Results Approval

The board considered and approved the unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2025. These results were accompanied by Limited Review Reports from the company's statutory auditors.

Additional Corporate Actions

1. The board approved the draft notice for an Extraordinary General Meeting (EGM) of the company's members.
2. M/s. Nikhil Dhanotiya & Associates, a practicing company secretary, has been appointed as the scrutinizer for conducting the remote e-voting and e-voting process for the upcoming EGM.

Preferential Allotment Details

The preferential issue involves several non-promoter public category investors. Here's a breakdown of the proposed allotment:

The post-issue shareholding percentages are calculated based on the total diluted post-issue paid-up share capital, assuming full subscription of the securities.

These corporate actions indicate SMT Engineering's efforts to raise capital and potentially fund future growth initiatives. Shareholders and investors should note that these decisions are subject to necessary approvals and regulatory compliance.

SMT Engineering Limited has announced a significant change in its subsidiary's leadership, appointing a new Chief Financial Officer (CFO) to steer its financial strategy. This move underscores the company's commitment to strengthening its financial management and driving growth.

Key Appointment Details

Professional Background

Mr. Yash Patel brings a wealth of financial expertise to his new role:

• Qualification: Associate Member of the Institute of Chartered Accountants of India
• Specialization: Finance and strategy management
• Key Focus Areas:
  • Supporting business growth
  • Implementing financial systems
  • Optimizing business profitability

Corporate Governance and Transparency

SMT Engineering Limited has promptly disclosed this appointment in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This transparency ensures that shareholders and stakeholders are kept informed about significant changes within the company and its subsidiaries.

Implications for SMT Engineering and Sai Machine Tools

The appointment of Mr. Patel as CFO of Sai Machine Tools Private Limited may bring fresh perspectives to the subsidiary's financial strategies. His expertise in finance and strategy management could potentially contribute to:

1. Enhanced financial planning and analysis
2. Improved implementation of financial systems
3. Strategic initiatives aimed at optimizing profitability

As Sai Machine Tools is a material subsidiary of SMT Engineering, this appointment may have broader implications for the parent company's overall financial health and strategic direction.

Looking Ahead

Stakeholders will be keen to observe how Mr. Patel's expertise influences Sai Machine Tools' financial performance and, by extension, contributes to SMT Engineering's growth trajectory in the coming years.

SMT Engineering Limited continues to demonstrate its commitment to strong financial leadership across its corporate structure, positioning itself for potential growth and enhanced operational efficiency in the competitive engineering sector.