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 (formerly known as Adarsh Mercantile Limited) successfully concluded its Extraordinary General Meeting (EGM) on January 6, 2026, with shareholders unanimously approving all proposed resolutions including a preferential issue worth Rs 348.75 crore and an increase in authorized share capital.

EGM Outcomes and Voting Results

The EGM held on Tuesday, January 6, 2026, at 12:30 PM through Video Conferencing achieved significant shareholder participation with 84.98% voter turnout. All resolutions received unanimous approval with 100% votes in favor and zero votes against.

Resolution 1: Authorized Share Capital Increase

Shareholders approved the increase in authorized share capital from Rs 17.00 crore to Rs 18.10 crore. The resolution received overwhelming support across all categories of shareholders.

Resolution 2: Preferential Issue Approval

The special resolution for issuing up to 15,50,000 equity shares at Rs 225.00 per share on a preferential basis to non-promoter public category investors was unanimously approved. This preferential issue will raise up to Rs 348.75 crore for the company.

Scrutinizer Report and Compliance

Nikhil Dhanotiya of Nikhil Dhanotiya & Associates served as the scrutinizer for the e-voting process. The remote e-voting period was conducted from January 3, 2026 (09:00 AM) to January 5, 2026 (05:00 PM), with the record date set as December 30, 2025.

Fund Utilization Strategy

The approved preferential issue proceeds will be utilized for growth objectives including investments in wholly-owned subsidiaries, capital expenditures, and working capital requirements. Up to 25% of the issue proceeds are allocated for general corporate purposes, providing operational flexibility.

Regulatory Framework

The preferential issue was conducted in accordance with SEBI (ICDR) Regulations, with the relevant date for price determination set as December 5, 2025. The company obtained necessary regulatory approvals and compliance certifications from practicing company secretaries.

These approved corporate actions represent SMT Engineering's strategic initiative to strengthen its capital base and support long-term growth objectives while maintaining full regulatory compliance.