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Adarsh Mercantile Limited has announced a board meeting to approve key corporate actions including the appointment of Ajay Jaiswal as Managing Director and Vishal Jaiswal as Whole-Time Director, both with a three-year tenure and remuneration up to Rs. 1.20 Crore per annum. The Board proposes appointing Ashok Jaiswal as Non-Executive Chairman and three Independent Directors to strengthen governance. The company plans to alter its main business objects to include manufacturing metal fabrications and forging components, reflecting its diversification strategy following acquisition of Sai Machine Tools Pvt Ltd. Consequently, it will change its name to SMT Plastic Engineering Limited. The company seeks shareholder approval to increase borrowing limits and investment ceilings to Rs. 500 Crores to support expansion. Additionally, it intends to shift its registered office from West Bengal to Madhya Pradesh to better align with growth plans. These steps aim to enhance operational capacity, governance, and strategic positioning for shareholders.