SMT Engineering Limited has announced a significant change in its subsidiary's leadership, appointing a new Chief Financial Officer (CFO) to steer its financial strategy. This move underscores the company's commitment to strengthening its financial management and driving growth.

Key Appointment Details

Professional Background

Mr. Yash Patel brings a wealth of financial expertise to his new role:

• Qualification: Associate Member of the Institute of Chartered Accountants of India
• Specialization: Finance and strategy management
• Key Focus Areas:
  • Supporting business growth
  • Implementing financial systems
  • Optimizing business profitability

Corporate Governance and Transparency

SMT Engineering Limited has promptly disclosed this appointment in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This transparency ensures that shareholders and stakeholders are kept informed about significant changes within the company and its subsidiaries.

Implications for SMT Engineering and Sai Machine Tools

The appointment of Mr. Patel as CFO of Sai Machine Tools Private Limited may bring fresh perspectives to the subsidiary's financial strategies. His expertise in finance and strategy management could potentially contribute to:

1. Enhanced financial planning and analysis
2. Improved implementation of financial systems
3. Strategic initiatives aimed at optimizing profitability

As Sai Machine Tools is a material subsidiary of SMT Engineering, this appointment may have broader implications for the parent company's overall financial health and strategic direction.

Looking Ahead

Stakeholders will be keen to observe how Mr. Patel's expertise influences Sai Machine Tools' financial performance and, by extension, contributes to SMT Engineering's growth trajectory in the coming years.

SMT Engineering Limited continues to demonstrate its commitment to strong financial leadership across its corporate structure, positioning itself for potential growth and enhanced operational efficiency in the competitive engineering sector.

SMT Engineering Limited , a company known for its presence in the engineering sector, has announced a significant move to enhance the corporate governance of its unlisted material subsidiary, Sai Machine Tools Private Limited. The company has appointed two new independent directors to the subsidiary's board, bringing diverse expertise and experience to the table.

Key Appointments

The shareholders of Sai Machine Tools Private Limited have approved the appointment of two non-executive independent directors for a five-year term, from November 10, 2025, to November 9, 2030. The new appointees are:

1. Mr. Rajendra Saxena (DIN: 11259763)
2. Mrs. Varsha Ravindra Bhadoriya (DIN: 10292688)

Director Profiles

Mr. Rajendra Saxena

Mr. Saxena brings a wealth of experience to the board with his 38-year career in pharmaceutical and healthcare marketing. His profile includes:

• Educational Background: M.A. in Economics
• Professional Experience:
  • 35 years with Alkem Laboratories Ltd. as Regional Marketing Manager for Madhya Pradesh
  • Currently working with Gynocare Services Private Limited as Marketing Executive

Mrs. Varsha Ravindra Bhadoriya

Mrs. Bhadoriya contributes valuable public sector experience to the board. Her background includes:

• Educational Background: MSW (Master of Social Work)
• Professional Experience:
  • 4 years in the Department of Social Justice at the Collector Office, Indore
  • Focused on policy implementation and welfare initiatives for marginalized communities

Governance Implications

These appointments align with Regulation 24(1) and 30(9) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Both directors:

• Are appointed for a term of five consecutive years
• Are not liable to retire by rotation
• Have no relationships with existing company directors
• Are eligible to serve as Non-executive Independent Directors under the Companies Act, 2013 & SEBI (LODR) Regulations 2015
• Are not debarred from holding the office of director by any SEBI order or other authority

Market Impact

While the immediate market impact of these appointments may be limited, they represent SMT Engineering's commitment to strong corporate governance practices within its group structure. The diverse backgrounds of the new directors, spanning healthcare marketing and social welfare, could potentially bring fresh perspectives to Sai Machine Tools Private Limited's strategic direction.

Investors and stakeholders may view this move positively, as it demonstrates the company's proactive approach to maintaining high standards of corporate governance, even in its subsidiary operations. This could potentially enhance stakeholder confidence in the long-term management and oversight of the SMT Engineering group.