Submission of Standalone and Consolidated Un-audited Financial Results for the quarter ened 30.06.2025 under regulation 30 and 33 of SEBI (LODR) 2015
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
SMT Engineering Limited (formerly Adarsh Mercantile Limited) submitted its unaudited standalone and consolidated financial results for Q1 FY26 (quarter ended 30 June 2025), approved by the board on 12 August 2025. The consolidated results now include two newly acquired subsidiaries — Sai Machine Tools Pvt Ltd and Chemerix Lifesciences Pvt Ltd (both wholly-owned since 26 March 2025), which materially lifts consolidated top-line versus standalone. The company reported profits before tax on both standalone and consolidated bases, with zero exceptional items. The statutory auditor (NKSJ & Associates) issued an unmodified (unqualified) limited review opinion on both sets of results. In the same board meeting, the company appointed a new statutory auditor (M/s Anil Kamal Garg & Company) for a five-year term effective from the upcoming AGM, along with new secretarial and internal auditors.
Neutral to mildly negative for sentiment: the mid-year appointment of a new statutory auditor and a past BSE SOP fine for Regulation 33 non-compliance flag minor governance/compliance concerns, though the current auditor gave a clean opinion. Consolidation of the two new subsidiaries should structurally boost reported revenues and earnings from FY26 onwards.