Outcome of Board Meeting
Price
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Awaiting price reaction for this filing.
SMT Engineering Ltd's board met on August 12, 2025 and approved its unaudited standalone and consolidated financial results for Q1 FY26 (quarter ended June 30, 2025). Standalone numbers remain very small in scale, with profit before tax of about Rs. 5.30 lakhs versus Rs. 0.51 lakhs in the year-ago quarter and basic EPS of Rs. 0.03. The consolidated results are materially larger because the company added two subsidiaries in March 2025 — Sai Machine Tools (wholly owned) and Chemerix Lifesciences (step-down subsidiary) — which together contributed Rs. 229.63 lakhs to consolidated net profit. The board also approved the appointment of a new statutory auditor (M/s Anil Kamal Garg & Company for a 5-year term), a new secretarial auditor, a new internal auditor for FY26, and adopted a policy on determination of material subsidiaries. The auditors issued an unmodified (unqualified) limited review report on both sets of results.
Standalone operations are still tiny, so investors should focus on the consolidated picture where the newly acquired subsidiaries are driving the bulk of the profit. The planned rotation to a new statutory auditor via the AGM route is routine, but the BSE fine for Regulation 33 non-compliance in the previous quarter is a small governance red flag worth tracking.