Submission regarding change in Directors
Price
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Awaiting price reaction for this filing.
SMT Engineering Limited (BSE: 538563, formerly Adarsh Mercantile Limited) held its AGM on 30 September 2025, where shareholders approved key governance changes. M/s NKSJ and Associates retired as Statutory Auditor at the AGM, and M/s Anil Kamal Garg & Company, Chartered Accountants (Indore) was appointed for a first term of 5 years, until the AGM in 2030. M/s P.S. Tripathi & Associates was appointed as Secretarial Auditor for FY2025-26 through FY2029-30. Three new Non-executive Independent Directors were appointed for 5-year terms effective 1 October 2025: Mr. Abhishek Kanungo (24 years in electrical/plant engineering in textiles), Mr. Rajendra Saxena (38 years in pharma marketing, ex-Alkem Laboratories), and Mrs. Varsha Ravindra Bhadoriya (4 years at Indore Collector Office, Social Justice Department). None of the new directors hold other listed-company directorships or have disclosed relationships with existing board members.
These are routine post-AGM governance updates — a normal auditor rotation at term-end and board additions to strengthen independent oversight. No resignations of existing directors or key managerial personnel are reported, so this should not move the stock on its own.