Submission of Voting Results and the Scrutinizer Report of the Extraordinary Gneral Meeting
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Awaiting price reaction for this filing.
SMT Engineering Limited (formerly Adarsh Mercantile Limited) held an Extraordinary General Meeting (EGM) on 06 January 2026 via video conferencing, where shareholders approved 17 resolutions. Key items included an increase in the authorised share capital (ordinary resolution) and the issue of equity shares on a preferential basis to non-promoters for cash consideration (special resolution). Of the 130 shareholders on the record date (30 December 2025), 6 from the promoter group and 11 from the public attended through video conferencing. For the authorised capital increase, 14,037,863 votes (84.97% of outstanding shares) were polled, with 100% voted in favour. All 17 resolutions received unanimous approval with zero votes against, as confirmed by scrutinizer Nikhil Dhanotiya.
This is a procedural compliance filing confirming shareholder approval for capital structure changes and a preferential share issuance to non-promoters. The unanimous approval is positive for governance, though the preferential allotment will lead to equity dilution for existing shareholders and the authorised capital increase sets the stage for further fundraising or stock splits.