Enclosed herewith Ann 30 of SEBI (LODR), 2015 RELATING TO INVESTMENT IN PROPOSED NEW COMPANY
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Awaiting price reaction for this filing.
Sanmit Infra Ltd's board, at its meeting on February 13, 2026, approved an investment in a proposed new company/venture, subject to shareholder approval at an Extra-Ordinary General Meeting (EGM) scheduled for March 18, 2026 via video conference. The company also announced weak Q3 FY26 standalone results (quarter ended December 31, 2025): total revenue from operations fell sharply to Rs 717.19 lakhs versus Rs 2,311.65 lakhs in the year-ago quarter, and the company slipped into a net loss of Rs 116.66 lakhs compared to a profit of Rs 55.06 lakhs in Q3 FY25. For the nine months ended December 2025, total revenue stood at Rs 6,918.80 lakhs with a marginal net profit of Rs 32.61 lakhs. The Petroleum segment continues to be the largest revenue contributor, while the Biomedical Waste recycling segment keeps posting segment-level losses.
The steep sequential and year-on-year revenue drop along with a swing to loss could weigh on the stock in the short term. The proposed new venture investment may be seen as a strategic diversification, but with scant details, shareholders will look to the March 18 EGM for clarity on scale, partner, and capital outlay.