SMT Engineering Ltd Settles Fine Over Non-Compliant Secretarial Report
SMT Engineering Ltd, formerly Adarsh Mercantile Limited, has settled a penalty imposed by the Bombay Stock Exchange relating to the delayed submission of its secretarial compliance report for the financial year ending March 31, 2026. The company completed the payment and submitted the required report in July 2026.The fine was levied by the Bombay Stock Exchange Ltd due to the non-submission of the secretarial compliance report within the stipulated timeframe. SMT Engineering subsequently paid the total amount, which included an initial fine plus additional payments upon rectification of the default.
The details concerning the fines and subsequent settlements are provided below:
| Particulars | Details |
|---|---|
| Authority Levying Fine | Bombay Stock Exchange Ltd |
| Initial Penalty Imposed | Fine of Rs 96,000/- plus GST under Regulation 24A(2) for non-compliance with the secretarial compliance report submission timeline. |
| Date of Direction Receipt | June 22, 2026 |
| Total Fine Paid by Company | Rs 1,13,280/- (including GST) |
Payment Timeline and Details
The company addressed the matter by submitting the required secretarial compliance report on July 17, 2026. The payment of the penalties was completed across two transactions:- An initial amount of Rs 87,320/-, including GST, was paid on July 10, 2026.
- An additional fine payment of Rs 25,960/, including GST, was made on July 18, 2026, upon the rectification of the non-compliance.
The total amount settled by SMT Engineering Ltd amounted to Rs 1,13,280/-, inclusive of all applicable Goods and Services Tax (GST). The company attributed the delay in payment to procedural issues.
SMT Engineering stated that there is no material impact from this fine or the associated payments on the financial, operational, or other activities of the company.
Stock Price Movement
At 11:56, shares of SMT Engineering Ltd are edging higher, currently trading at ₹489.30, after registering a strong 5.00% gain. The stock has seen movement throughout the morning session, fluctuating between a low of ₹466.00 and its high of ₹489.30.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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