SMT Engineering gets BSE in-principle approval for ₹4 Cr warrant issue

SMT Engineering Ltd has received in-principle approval from BSE Limited for the issuance and allotment of 1,42,858 warrants, convertible into equity shares, on a preferential basis. The total issue size is ₹4,00,00,240 (₹4.00 Crore), with each warrant convertible into one equity share of face value ₹10 at a price of ₹280. The company has been advised by BSE to strengthen internal controls and obtain undertakings from allottees to prevent intra-day trading and ensure compliance with SEBI regulations before allotment.