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The board of Sanmit Infra Ltd, at its meeting on June 4, 2026, approved the terms of a sanction letter from ICICI Bank for a Guaranteed Emergency Credit Line (GECL) of Rs. 2 crore under the ECLGS 5.0 government-backed scheme. The facility is a working capital term loan for meeting working capital needs and creating current assets, carrying a 5-year tenure with a 12-month principal moratorium followed by 48 equal monthly instalments. Interest is linked to ICICI Bank's I-EBLR (currently 8.40%) plus a 0.60% spread, capped at 9.00%. The loan will be secured by a second-ranking charge over existing securities held with ICICI Bank, with no related-party concerns flagged.
This gives Sanmit Infra additional working capital headroom of Rs. 2 crore on government-guaranteed terms, which reduces near-term repayment pressure due to the 1-year moratorium. For shareholders, it is a modest liquidity positive but the small loan size against the company's overall scale limits material impact on the stock.