Enclosed herewith Announcement under Regulation 30 for receipt of Letter of Intent from SIDBI
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Awaiting price reaction for this filing.
Sanmit Infra Ltd's board, at its meeting on December 30, 2025, approved the terms of a Letter of Intent received from SIDBI (Small Industries Development Bank of India) for a term loan of Rs. 116 Lakhs. The loan is sanctioned under SIDBI's SPEED (Support for Purchase of Equipment for Enterprises Development) scheme and will be used to purchase equipment from OEMs. Interest is set at 8.85% per annum with monthly rests, repayable in 59 monthly instalments after a 1-month moratorium from first disbursement. Security includes hypothecation of project assets, an FDR of Rs. 29 Lakhs, and personal guarantees from four promoter directors. The sanction letter was issued on December 22, 2025.
This is a small but positive development for shareholders, as the company has secured funding for capacity expansion through equipment purchase at a competitive interest rate. However, the loan size is modest relative to typical corporate borrowings, so the impact on the stock is likely to be limited.