Enclosed herewith Board Meeting Outcome dated 30/12/2025
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Sanmit Infra Ltd's Board, at its meeting on 30 December 2025, approved the terms and conditions of a Letter of Intent for a term loan of Rs. 116 lakhs (One Crore Sixteen Lakhs) from Small Industries Development Bank of India (SIDBI) under the SPEED (Purchase of Equipment for Enterprises Development) Scheme. The loan will be used to purchase equipment from Original Equipment Manufacturers (OEMs) and carries an interest rate of 8.85% per annum. It is repayable in 59 monthly installments after a 1-month moratorium from the date of first disbursement, with the sanction letter dated 22 December 2025. The loan is secured by a first charge on the company's movables, plant and machinery, collateral of Rs. 29 lakh in SIDBI Fixed Deposit Receipts, and personal guarantees from four promoter directors.
This is a small new debt facility (about Rs. 1.16 crore) aimed at funding equipment purchase, which is a routine growth-related borrowing. The 8.85% interest rate from SIDBI is competitive, but the personal guarantees from promoters indicate a small-scale operation. Limited direct impact expected on share price, though it signals continued operational activity and capacity expansion.