Adarsh Mercantile Ltd

SMT Engineering Ltd has announced that its Board of Directors will convene on August 13, 2026, to consider and approve the Unaudited Standalone and Consolidated Financial Results for the quarter ended June 30, 2026, along with their respective Limited Review Reports. The meeting will also address other ancillary business matters. Concurrently, the company has informed that its trading window for dealing in securities will be closed for all connected persons, officers, designated employees, insiders, directors, and their immediate relatives until 48 hours after the declaration of the board meeting's outcome, in compliance with SEBI regulations.

SMT Engineering Ltd announced the resignation of Mr. Yash Patel from his position as Chief Financial Officer of its unlisted material wholly-owned subsidiary, Sai Machine Tools Private Limited. The resignation is effective from June 29, 2026. The company has provided details as required by SEBI regulations. The reason for resignation is stated in an enclosed letter, but not elaborated in the filing.

SMT Engineering Ltd has announced the closure of its trading window for dealing in the company's securities. This closure will be effective from Wednesday, July 1, 2026, and will continue until 48 hours after the declaration of the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. All designated persons and their immediate relatives are prohibited from trading in the company's shares during this period to prevent potential insider trading and ensure fair disclosure of financial information.

SMT Engineering Ltd has extended a corporate guarantee to Punjab National Bank for its wholly-owned material subsidiary, Sai Machine Tools Private Limited. This guarantee facilitates the enhancement of the subsidiary's existing cash credit limit from ₹31.25 Crores to ₹45 Crores, representing an increase of ₹13.75 Crores. The total revised credit facilities for Sai Machine Tools Private Limited now stand at ₹55.04 Crores, encompassing cash credit, term loans, and a bank guarantee limit. While the transaction is at arm's length, a promoter and director, Mr. Ashok Jaiswal, has also provided his land as security. The corporate guarantee will be disclosed as a contingent liability in SMT Engineering's financial statements.

SMT Engineering Ltd re-appointed M/s Pradhumn Pathak and Associates, Chartered Accountants, as the Internal Auditor for the financial year 2026-27. The decision was made during the Board of Directors meeting held on May 29, 2026. M/s Pradhumn Pathak and Associates is a professional firm led by CA Pradhumn Pathak, specializing in internal audits, risk assessment, tax audits, and taxation, with over 4 years of post-qualification experience.

SMT Engineering Ltd's board approved the audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026. The board also considered the audit reports on these financial results and statements. Other matters included declarations regarding unmodified audit opinions, taking note of circulars related to debt securities, and reviewing the policy on related party transactions. The appointment of M/s Pradhumn Pathak and Associates as the Internal Auditor for FY 2026-27 was also approved.

SMT Engineering Ltd has scheduled a Board of Directors meeting on May 29, 2026, to consider and approve the audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026. The trading window for dealing in the company's securities will be closed until 48 hours after the board meeting outcome.

In accordance with Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, promoters of SMT Engineering Ltd (formerly Adarsh Mercantile Limited) have declared that they have not made any new encumbrances, directly or indirectly, other than those already disclosed during the financial year 2025-2026. The declaration was made on behalf of the promoter, promoter group, and persons acting in concert. The announcement was signed by Ajay Jaiswal, Managing Director of SMT Engineering Limited.

SMT Engineering Ltd announced the outcome of the Independent Directors Meeting held on 24th March 2026. The directors reviewed the performance of Non-Independent Directors, the Board as a whole, and the Chairperson of the Company. They also assessed the quality, quantity, and timeliness of information flow between the management and the Board.

SMT Engineering Ltd, formerly known as Adarsh Mercantile Limited, has announced the closure of its trading window for dealing/trading in the securities of the company. The closure will be in effect from April 1, 2026, until 48 hours after the declaration of the audited Standalone and Consolidated Financial Results for the quarter and year ended March 31, 2026. All designated persons and their immediate relatives are advised not to engage in any transactions involving the company's shares during this period.