SMT Engineering has announced the appointment of Mrs. Varsha Ravindra Bhadoriya as a Non-executive Independent Director, marking a significant addition to the company's board. The appointment, which is set for a five-year term from October 1, 2025, to September 30, 2030, is subject to shareholder approval at the upcoming Annual General Meeting scheduled for September 30, 2025.

Key Details of the Appointment

• Director's Profile: Mrs. Bhadoriya brings a unique blend of social development expertise to the board. She holds an MSW qualification and has four years of valuable experience working in the Department of Social Justice at the Collector Office, Indore.

• Eligibility and Independence: The company has confirmed that Mrs. Bhadoriya meets the eligibility criteria for an independent director as per the Companies Act, 2013, and SEBI regulations. She has no relationships with any existing directors of SMT Engineering, ensuring her independence in the role.

• Nomination Process: The appointment was recommended by the Nomination and Remuneration Committee, following due process.

• IICA Registration: As part of the appointment process, Mrs. Bhadoriya successfully completed her registration with the Indian Institute of Corporate Affairs (IICA) on September 10, 2025, fulfilling a key requirement for her role.

Corporate Governance Implications

The addition of Mrs. Bhadoriya to the board aligns with SMT Engineering's commitment to enhancing its corporate governance structure. Her background in public service and social development is expected to bring a fresh perspective to the company's decision-making processes, particularly in areas related to social responsibility and community engagement.

Upcoming Shareholder Approval

While the board has approved the appointment, it remains subject to shareholder approval at the Annual General Meeting. This step ensures transparency and gives shareholders a voice in the composition of the company's leadership.

Additional Corporate Updates

In a separate announcement, SMT Engineering has scheduled a board meeting for September 12, 2025, to consider a proposal for raising funds. The company is exploring various options, including the issuance of equity shares, warrants convertible into equity shares, or other permissible securities through methods such as preferential issue or private placement.

As SMT Engineering moves forward with these corporate actions, investors and stakeholders will be keenly watching how these developments impact the company's strategic direction and governance structure in the coming years.

SMT Engineering Ltd (formerly known as Adarsh Mercantile Limited) has announced a significant board meeting scheduled for September 12, 2025, to deliberate on a proposal for raising funds through various financial instruments. The company's board will consider and evaluate options for issuing equity shares, warrants convertible into equity shares, or other permissible securities.

Fund Raising Options

The board will explore multiple avenues for raising capital, including:

1. Preferential issue
2. Private placement
3. Other permitted methods

These fund-raising initiatives will be subject to necessary approvals from shareholders and regulatory authorities.

Additional Agenda Items

In addition to the fund-raising proposal, the board meeting will address the following matters:

1. Convening a General Meeting to seek shareholder approval for the proposed fund-raising plan.
2. Any other business matters with the permission of the Chairman.

Trading Window Closure

In compliance with regulatory requirements, SMT Engineering has implemented a trading window closure for all connected persons, officers, designated employees, insiders, and directors of the company, including their immediate relatives. The trading window will remain closed from September 9, 2025, until 48 hours after the declaration of the board meeting outcome.

Company Background

SMT Engineering Limited is headquartered in Kolkata, West Bengal. The company recently changed its name from Adarsh Mercantile Limited, reflecting a potential shift in its business focus or strategy.

Investor Communication

The company has duly informed the BSE Limited about the upcoming board meeting, adhering to the disclosure requirements under SEBI regulations. This transparency ensures that investors and stakeholders are kept informed about potential corporate actions that may impact the company's financial structure.

As the board meeting approaches, investors and market analysts will be keenly watching for the outcome, particularly regarding the size, structure, and purpose of the potential fund raise. The decision could have significant implications for SMT Engineering's future growth plans and financial position.