News Corporate Actions SMT Engineering Limited Completes Preferential Allotment of 15.50 Lakh Equity Shares Worth Rs. 34.88 CroreSMT Engineering Limited Completes Preferential Allotment of 15.50 Lakh Equity Shares Worth Rs. 34.88 Crore
SMT Engineering Limited completed a preferential allotment of 15.50 lakh equity shares at Rs. 225 per share on February 10, 2026, raising Rs. 34.88 crore from eight non-promoter investors. The largest allocation went to Natwarlal Keshavjibhai Kawa with 4.23 lakh shares worth Rs. 9.52 crore. The allotment was conducted in compliance with SEBI regulations and the Companies Act, 2013.
*this image is generated using AI for illustrative purposes only.
SMT Engineering Limited has successfully completed a preferential allotment of equity shares, raising significant capital from non-promoter investors. The company's Board of Directors approved and executed the allotment on February 10, 2026, in compliance with regulatory requirements.
Allotment Details
The company allotted 15,50,000 equity shares of Rs. 10 face value each at an issue price of Rs. 225 per share on a preferential basis. The total consideration received from this allotment amounts to Rs. 34,87,50,000. All shares were allotted to investors belonging to the Non-Promoter Public Category in accordance with Chapter V of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.
Investor Breakdown
The preferential allotment was distributed among eight non-promoter investors:
| Investor Name | Category | Shares Allotted | Consideration (Rs.) |
|---|---|---|---|
| Natwarlal Keshavjibhai Kawa | Non-Promoter | 4,23,000 | 9,51,75,000 |
| Kunal Haresh Mehta | Non-Promoter | 2,88,000 | 6,48,00,000 |
| Bijal Kaushik Gandhi | Non-Promoter | 2,09,500 | 4,71,37,500 |
| Jitendra R Sanghavi (Huf) | Non-Promoter | 2,00,000 | 4,50,00,000 |
| Rasiklal P Sanghavi (Huf) | Non-Promoter | 2,00,000 | 4,50,00,000 |
| Nimesh Singh Huf | Non-Promoter | 1,03,750 | 2,33,43,750 |
| Priti Nimesh Singh | Non-Promoter | 1,03,750 | 2,33,43,750 |
| Umang Ketan Mehta | Non-Promoter | 22,000 | 49,50,000 |
| Total | 15,50,000 | 34,87,50,000 |
Regulatory Compliance
The allotment was conducted in full compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Board meeting to approve the allotment was held on February 10, 2026, commencing at 05:00 p.m. and concluding at 05:30 p.m. The company has duly informed BSE Limited about the allotment as required under the listing regulations.
Company Information
SMT Engineering Limited, formerly known as Adarsh Mercantile Limited, operates with CIN L33120MP1992PLC080093. The company is listed on BSE with scrip code 538563 and maintains its registered office at Plot No. 23d 'Sector A' Sanwer Road Industrial Area, Near Parle G Biscuit Factory, Indore 452015, Madhya Pradesh. The allotment was signed off by Managing Director Ajay Jaiswal (DIN: 01754887).
Historical Stock Returns for SMT Engineering
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.99% | +10.36% | +48.35% | +964.00% | +3,318.97% | +5,182.88% |
19
