Submission of copy of Advertisement of committee of Independent directors in terms of Regulation 26(7) of SEBI (SAST) Regulations , 2011
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SMT Engineering Limited (BSE Code: 538563) has submitted to BSE a copy of the advertisement issued by its Committee of Independent Directors under Regulation 26(7) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This filing relates to the ongoing open offer by six members of the Jaiswal family to acquire up to 42,95,200 equity shares (26% of the company's equity capital) at Rs. 42 per share. The acquirers are Mr. Ajay Jaiswal, Mr. Vishal Jaiswal, Mr. Ashok Jaiswal, Mrs. Poonam Jaiswal, Mrs. Niharika Jaiswal, and Mrs. Shikha Jaiswal. The offer is being managed by Navigant Corporate Advisors Limited. The communication was signed by Managing Director Ajay Jaiswal on June 5, 2025.
This is a procedural compliance filing related to the ongoing open offer. Shareholders should look out for the Independent Directors' formal recommendation on whether to accept or reject the Rs. 42 per share offer price, which is required to be published separately and will guide their decision during the tendering period.