SMT Engineering Ltd Pays Over Rs 1 Lakh Fine After Resolving Compliance Lapse with Stock Exchange
SMT Engineering Ltd, formerly known as Adarsh Mercantile Limited, has settled a fine levied by the Bombay Stock Exchange in connection with the delay in submitting its secretarial compliance report for the financial year ended March 31, 2026. The company paid a total of Rs 1,13,280, including GST, after rectifying the non-compliance.The penalty was initially imposed by the Bombay Stock Exchange Ltd. following the company’s failure to submit the required secretarial compliance report within the prescribed timeline. The initial fine related to this default was Rs 96,000 plus GST.
SMT Engineering Ltd addressed the issue and completed all payments subsequent to receiving the directive from the exchange on June 22, 2026. The settlement process involved multiple transactions totaling the penalty amount.
The details of the fines and payments made by SMT Engineering Ltd are provided below:
| Particulars | Details |
|---|---|
| Regulating Authority | Bombay Stock Exchange Ltd. |
| Initial Fine Amount | Rs 96,000 plus GST (for non-compliance with secretarial compliance report) |
| Total Fine Paid | Rs 1,13,280 (including GST) |
| Payment Breakdown | The company paid an initial amount of Rs 87,320 (including GST) on July 10, 2026. An additional fine of Rs 25,960 (including GST) was subsequently paid on July 18, 2026, upon rectification of the non-compliance. |
| Impact Assessment | The company stated that there is no material impact on its financial or operational activities. |
The payment and submission processes ensured that the outstanding penalty was fully discharged upon the rectification of the non-compliance. SMT Engineering Ltd confirmed the details related to the fine settlement with the stock exchange.
Stock Price Movement
SMT Engineering Ltd settled on Friday at ₹466.00, edging up by 4.99%. The shares traded within an intraday range between a low of ₹458.00 and a high of ₹466.00.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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