Navigant Corporate Advisors Ltd ("Manager to the Open Offer") vide letter dated June 05, 2025 has submitted to BSE a copy of Advertisemet of Committee of Independent Director in terms of ....
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Navigant Corporate Advisors Ltd, the manager to the open offer, has submitted to BSE the advertisement issued by the Committee of Independent Directors (IDC) of SMT Engineering Ltd under SEBI SAST Regulation 26(7). The advertisement relates to an open offer to acquire up to 42,95,200 equity shares (26% of the existing equity and voting capital) at Rs. 42 per fully paid-up share. The offer is being made by six members of the Jaiswal family - Mr. Ajay Jaiswal, Mr. Vishal Jaiswal, Mr. Ashok Jaiswal, Mrs. Poonam Jaiswal, Mrs. Niharika Jaiswal, and Mrs. Shikha Jaiswal. The advertisement was published on June 5, 2025 in Financial Express, Jansatta, Pratahkaal, and Arthik Lipi. This is a procedural filing providing the IDC's recommendation/views to shareholders on the open offer.
Investors holding shares of SMT Engineering should review the IDC's recommendation in the published advertisement before deciding to tender or reject their shares in the open offer. The Rs. 42 offer price serves as a reference benchmark for shareholders to compare against market price.