Arati Naik, a promoter of Smartlink Holdings Limited, has officially withdrawn her intention to acquire equity shares of the company under the Securities and Exchange Board of India's Substantial Acquisition of Shares and Takeovers (SAST) Regulations.

Withdrawal Details

The withdrawal notice, dated December 22, 2025, was submitted to both the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE). This follows an earlier intimation dated December 9, 2025, which concerned an off-market inter-se transfer of equity shares between promoters.

Regulatory Compliance

In her communication to the stock exchanges, Naik stated that she has decided to withdraw her intention to acquire shares of the company. She confirmed that no acquisition pursuant to the original intimation dated December 9, 2025, will be undertaken.

The withdrawal pertains to Regulation 10(1)(a) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, which governs the disclosure requirements for substantial acquisitions of shares and voting rights in listed companies.

Communication Process

The formal withdrawal notice was addressed to the managers of both major stock exchanges where Smartlink Holdings Limited shares are listed. Additionally, a copy of the communication was sent to the Company Secretary and Compliance Officer of Smartlink Holdings Limited at the company's registered address in Verna Industrial Estate, Goa.

This development represents a change in the promoter's earlier stated intention regarding share acquisition, demonstrating the dynamic nature of corporate shareholding decisions and the importance of timely regulatory disclosures in maintaining market transparency.

Smartlink Holdings Limited has announced its financial results for the quarter ended September 30, 2025, revealing a mixed performance across its standalone and consolidated operations.

Consolidated Performance

On a consolidated basis, Smartlink Holdings reported a profit of Rs 186.33 crore for Q2, compared to Rs 217.51 crore in the previous quarter. The company's total income for the quarter stood at Rs 7,257.01 crore, a significant increase from Rs 4,033.02 crore in the preceding quarter.

Standalone Results

However, the standalone figures paint a different picture. Smartlink Holdings reported a standalone loss of Rs 38.60 crore for Q2, in contrast to a profit of Rs 11.94 crore in the previous quarter. The total income on a standalone basis was Rs 3,098.90 crore, up from Rs 2,230.80 crore in Q1.

Half-Year Performance

For the half-year period ended September 30, 2025:

• Consolidated profit: Rs 403.84 crore
• Standalone loss: Rs 26.66 crore

Segment Information

Smartlink Holdings operates primarily in the Networking/IT Products segment. The company's results include those of its wholly-owned subsidiary, Digisol Systems Limited.

Financial Highlights

Management Commentary

The company's Board of Directors met on November 6, 2025, to consider and approve the unaudited financial results. The Audit Committee reviewed the results, and the statutory auditors expressed an unmodified opinion.

Balance Sheet Highlights

As of September 30, 2025, Smartlink Holdings reported:

• Consolidated total assets: Rs 26,415.50 crore
• Standalone total assets: Rs 22,739.23 crore
• Consolidated total equity: Rs 20,020.75 crore
• Standalone total equity: Rs 19,975.45 crore

Conclusion

While Smartlink Holdings faces challenges in its standalone operations, the consolidated results show resilience, likely supported by the performance of its subsidiary, Digisol Systems Limited. Investors and stakeholders may want to closely monitor the company's strategies to address the standalone segment's performance in the coming quarters.