Key Event Details
The Board of Directors of SMT Engineering Limited (formerly known as Adarsh Mercantile Limited) at its meeting held on August 13, 2026, took note of communications from BSE Limited regarding levy of fine for delay in submission of the Secretarial Compliance Report for the financial year ended March 31, 2026.
Company Response and Actions
The Board noted that the delay in filing was inadvertent. The applicable fine has been duly paid by the Company in accordance with the applicable provisions of the SEBI Master Circular and communications received from BSE Limited. The Board expressed deep regret for the delay and accepted responsibility for the lapse.
Preventive Measures
The Board reiterated its commitment to ensuring timely and accurate regulatory compliances and noted that necessary corrective and preventive measures have been implemented to strengthen the Company's internal compliance monitoring mechanism to prevent recurrence of such instances.