Intimation under Regulation 30 on Appointment of Independent Directors in Unlisted Material Subsidiary
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SMT Engineering Ltd has appointed two Non-Executive Independent Directors to its wholly-owned unlisted material subsidiary, Sai Machine Tools Private Limited. Mr. Rajendra Saxena (DIN: 11259763), a former Regional Marketing Manager at Alkem Laboratories with 38 years of pharma and healthcare marketing experience, has been appointed for a 5-year term. Mrs. Varsha Ravindra Bhadoriya (DIN: 10292688), who has 4 years of experience at the Collector Office, Indore (Social Justice Department), has also been appointed for a 5-year term. Both appointments are effective from November 10, 2025 to November 9, 2030, and were approved by the subsidiary's shareholders at a general meeting on the same date. The filing is made under SEBI Listing Regulations to comply with disclosure norms for unlisted material subsidiaries.
This is a routine governance compliance disclosure with no direct impact on the parent's financials or operations. It strengthens the board independence of the subsidiary, which is a positive governance signal but unlikely to move the stock price.