Intimation on appointment of Chief Financial Officer in Unlisted Material Subsidiary, ''SAI Machine Tools Private Limited''.
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SMT Engineering Ltd has informed BSE that its unlisted material wholly-owned subsidiary, Sai Machine Tools Private Limited, has appointed Mr. Yash Patel as its Chief Financial Officer, effective November 12, 2025. Mr. Patel is an Associate Member of the Institute of Chartered Accountants of India with experience in finance, strategy, and business growth. The appointment was approved at the subsidiary's Board Meeting held on the same day. Details have been disclosed under SEBI Listing Regulations read with the relevant SEBI circular.
This is a routine governance update at the subsidiary level and is unlikely to have a material impact on the listed parent's stock price. It indicates the subsidiary is strengthening its finance leadership, which could support better financial controls and reporting.