<h1>SMT Engineering Ltd Reports CFO Resignation in Unlisted, Wholly Owned Subsidiary</h1>
SMT Engineering Ltd has announced the resignation of Mr. Yash Patel from the position of Chief Financial Officer (CFO) of its unlisted, wholly owned subsidiary, Sai Machine Tools Private Limited. The cessation of Mr. Patel's role is effective June 29, 2026.
The resignation relates to his tenure as CFO at Sai Machine Tools Private Limited. As stated in the documentation, the reason for his departure is personal.
Sai Machine Tools Private Limited operates as a material subsidiary under SMT Engineering Ltd. The details of Mr. Patel's tenure and the change are noted below:
| Detail | Information |
|---|---|
| Employee Name | Mr. Yash Patel |
| Position | Chief Financial Officer (CFO) |
| Subsidiary | Sai Machine Tools Private Limited (Unlisted, Wholly Owned) |
| Cessation Date | June 29, 2026 |
The company noted that the resignation was tendered by Mr. Yash Patel and confirmed his departure from the role of CFO of the subsidiary.
Stock Price Movement
SMT Engineering Ltd settled at ₹418.00 at the close of trade today, seeing a decline of 1.31%.The shares moved through an intraday range, hitting lows near ₹418.00 and reaching highs up to ₹444.70.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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