SMT Engineering Limited has announced that its Board of Directors will convene on February 12, 2026, to review and approve the company's third-quarter financial results for FY26. The meeting is scheduled to take place at the company's registered office located at Plot No. 23d 'Sector A' Sanwer Road Industrial Area, Near Parle G Biscuit Factory, Indore, Madhya Pradesh.

Board Meeting Agenda

The board meeting has been convened under Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The primary agenda items include:

Trading Window Closure

In accordance with regulatory requirements, SMT Engineering Limited has implemented a trading window closure effective from February 5, 2026. This closure applies to all connected persons, officers, designated employees, insiders, directors, and their immediate relatives as defined under the company's Code of Conduct for Prevention of Insider Trading.

Company Information

SMT Engineering Limited, formerly known as Adarsh Mercantile Limited, operates under Corporate Identity Number L33120MP1992PLC080093. The company is listed on BSE Limited with scrip code 538563. The board meeting notification was signed by Managing Director Ajay Jaiswal (DIN: 01754887) and communicated to the stock exchange as per regulatory requirements.

Regulatory Compliance

The company has fulfilled its obligation to provide prior intimation of the board meeting as mandated under SEBI regulations. The trading window restrictions ensure compliance with insider trading prevention norms, protecting market integrity during the period leading up to and immediately following the financial results announcement.

SMT Engineering Limited has issued a corporate guarantee for its wholly-owned material subsidiary, Sai Machine Tools Private Limited, to secure working capital facilities from Standard Chartered Bank. The company disclosed this development under SEBI listing regulations on December 19, 2025.

Corporate Guarantee Details

The company has extended a corporate guarantee to facilitate working capital facilities for its subsidiary up to ₹7.70 crores from Standard Chartered Bank. This guarantee supports the subsidiary's business operations and working capital requirements.

Credit Facility Structure

Sai Machine Tools Private Limited has executed a Memorandum of Entry for Deposit of Title Deeds with Standard Chartered Bank for the credit facilities. The arrangement comprises business working capital facilities structured to meet operational requirements.

Security and Mortgage Arrangements

The credit facilities are secured through a mortgage by deposit of title deeds involving land owned by Ashok Jaiswal, a promoter of both SMT Engineering and Sai Machine Tools Private Limited. The promoter has extended his land as security to facilitate the working capital facilities.

Impact and Related Party Considerations

The transaction qualifies as a related party transaction given the common ownership and management structure. However, none of the promoters or members of the promoter group or directors have any interest in this transaction, and it has been executed on an arm's length basis. The company has indicated that at this point, there is no impact of this guarantee other than disclosure in the financial statements as a contingent liability.

Regulatory Compliance

SMT Engineering has disclosed the corporate guarantee in accordance with Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The disclosure follows the requirements outlined in SEBI Master Circular dated November 11, 2024, and December 31, 2024, ensuring comprehensive transparency regarding the subsidiary's credit arrangements and corporate guarantee provisions.