SMT Engineering Approves ₹4 Crore Promoter Warrant Preferential Issue

Board approved authorised capital increase to Rs 19.10 Cr and promoter warrants for up to Rs 4.0 Cr at Rs 280 each, convertible within 18 months, subject to approvals. Fresh promoter capital follows a recent preferential allotment and extends the company's related-party transaction footprint across subsidiaries and Jaiswal-linked entities. Warrants could dilute existing holders by up to 1,42,858 shares; use of proceeds and RPT values were not disclosed. Shareholder and stock-exchange approvals remain pending.