SMT Engineering Limited has announced a committee of independent directors' public statement regarding an open offer to acquire up to 42.95 lakh equity shares at Rs. 42 each, totaling 26% of the existing equity.

The acquisition is led by six parties collectively termed the Acquirers, including the Managing Director, Ajay Jaiswal.

This update reflects the ongoing takeover process and is relevant for shareholders to understand changes in ownership and control dynamics within the company.