Adarsh Mercantile Ltd — Updates, 01-01-1970: Company Update

SMT Engineering Limited has announced an open offer to acquire up to 42,95,200 equity shares at Rs. 42 per share, representing 26% of its existing equity and voting capital. The offer is made by a group of six acquirers collectively led by Mr. Ajay Jaiswal. The company’s committee of independent directors has issued an advertisement addressing this acquisition. This development signals a significant change in the company’s shareholding structure, which may impact control and future strategic decisions.