AGM Outcome: Capital hike, promoter warrants, and related party deals approved
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
SMT Engineering's AGM on 30 Sep 2026 saw all 11 resolutions pass. Shareholders adopted audited standalone and consolidated financials for FY26, and re-appointed Mr Vishal Jaiswal as director. Authorised share capital was raised from Rs 18.10 crore to Rs 19.10 crore. Up to 1,42,858 share warrants will be issued to identified promoters on a preferential basis, each convertible into one equity share within 18 months. Five material related party transactions between subsidiaries Sai Machine Tools and Chemerix Life Sciences with entities like Prakhar Industries, SMT Plast, Softcare Solutions, and Mr Ajay Jaiswal were also approved or ratified.
Promoter warrant issue may lead to equity dilution. Multiple material related party transactions signal significant inter-group dealings worth monitoring.