NewsCorporate ActionsSMT Engineering Ltd Board Considers Fund Raising Through Securities IssuanceSMT Engineering Ltd Board Considers Fund Raising Through Securities Issuance
SMT Engineering Limited's Board of Directors met on September 12, 2025, to discuss a proposal for fund raising through securities issuance. The meeting lasted from 5:00 PM to 6:20 PM IST. While the board considered the proposal, specific details regarding the rate and size of the fund raising were not finalized. A decision was made to determine these specifics in a future board meeting, the date of which will be communicated later.
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SMT Engineering Limited (formerly known as Adarsh Mercantile Limited) announced that its Board of Directors convened on September 12, 2025, to discuss a proposal for fund raising through the issuance of securities. The meeting, which lasted from 5:00 PM to 6:20 PM IST, focused on exploring potential avenues for capital infusion.
Key Highlights
- The Board of Directors met to consider a proposal for fund raising.
- The method of fund raising will be through the issuance of securities.
- Specific details regarding the rate and size of the fund raising were not finalized during this meeting.
- A decision was made to determine the rate and quantum of the fund raising in a future Board meeting.
Next Steps
The company stated that the date for the next Board meeting, where the specifics of the fund raising will be finalized, will be communicated at a later time. This upcoming meeting is expected to provide more concrete details about the proposed securities issuance.
Company Background
SMT Engineering Limited, listed on the BSE with the scrip code 538563, is headquartered in Kolkata, West Bengal. The company's corporate office is located in Indore, Madhya Pradesh. SMT Engineering operates under the Corporate Identity Number (CIN): L33120WB1992PLC055082.
Regulatory Compliance
The announcement was made in compliance with Regulation 30 and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has duly informed the BSE Limited about the outcome of the Board meeting.
Investors and stakeholders are advised to await further communications from the company regarding the specifics of the proposed fund raising initiative. As always, any investment decisions should be made based on thorough research and professional advice.
Historical Stock Returns for SMT Engineering
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.99% | +10.35% | +48.22% | +372.04% | +395.28% | +703.49% |
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