Board Meeting3 Sept 2026, 11:54 am
SMT Engineering Ltd Board Approves Share Capital Increase & Warrant Issue
AI Summary
SMT Engineering Ltd's Board of Directors met on September 3rd, 2026, approving a significant increase in authorized share capital from ₹18.10 Cr to ₹19.10 Cr. The board also sanctioned the preferential issuance of up to 1,42,858 share warrants, convertible into equity shares at ₹280 each, to promoters for an aggregate of ₹4,00,00,240. These approvals are subject to shareholder and stock exchange consent. Additionally, the board approved the Board's Report for FY25-26 and the notice for the Annual General Meeting scheduled for September 30th, 2026, setting e-voting dates and appointing a scrutinizer.
Key Highlights
- Authorized share capital increased from ₹18.10 Cr to ₹19.10 Cr.
- Approval for preferential issue of 1,42,858 share warrants to promoters.
- Warrants to be issued at ₹280 each, aggregating ₹4,00,00,240.
- Board approved FY25-26 reports and AGM notice.
- AGM scheduled for September 30th, 2026, with e-voting details provided.
Price Impact
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