Adarsh Mercantile Ltd — Updates, 04-06-2025: Company Update

SMT Engineering Limited’s Committee of Independent Directors has evaluated the open offer to acquire 42,95,200 equity shares at Rs. 42 each, representing 26% of the company’s equity, by a group of six Acquirers. After thorough review, the committee concluded that the open offer is fair and reasonable, supporting shareholder interests in the transaction led by the Acquirers.