Company Disclosure
SMT Engineering Limited (formerly known as Adarsh Mercantile Limited) has made a regulatory disclosure regarding a fine imposed by the Bombay Stock Exchange for non-compliance with listing regulations.
Nature of Event
The company received an intimation from the Bombay Stock Exchange on June 22, 2026 regarding imposition of a fine under Regulation 24A(2) of the Listing Regulations for non-submission of the secretarial compliance report within the prescribed timeline for the financial year ended March 31, 2026.
Fine Details
The initial fine amounted to ₹42,000 plus applicable GST. The fine was subject to continuous computation until rectification of the non-compliance, as per SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 issued on July 11, 2023 and last updated on January 30, 2026.
Rectification Actions
The company submitted the secretarial compliance report on July 17, 2026 and made penalty payments as follows:
- Payment of ₹87,320 (including GST) on July 10, 2026 via UTR No. INDBH10076069831
- Additional payment of ₹25,960 (including GST) on July 18, 2026 via UTR No. INDBH18077180031
- Total fine paid: ₹1,13,280 (including GST)
Regulatory Framework
The disclosure is made under Regulation 30 read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 issued on July 11, 2023 and last updated on January 30, 2026. The due date for payment was within 15 days of receipt of the direction.
Impact Assessment
The company explicitly states there is no material impact on financial, operational or other activities of the company quantifiable in monetary terms.
Communication
The company also informed the exchange via email at bse.soplodr@bseindia.com. The disclosure was signed by Ajay Jaiswal, Managing Director (DIN: 01754887).