Sanmit Infra Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 04/02/2026 ,inter alia, to consider and approve To consider and approve: 1) Terms ....
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Sanmit Infra Ltd has informed BSE that its Board of Directors will meet on Wednesday, February 4, 2026, at 3:00 p.m. at the registered office. The Board will consider and approve the terms and conditions of a Letter of Intent for a Term Loan received from SIDBI under the STEP Scheme, along with related documents. It will also evaluate a proposal for consolidation of equity shares (face value of Rs. 1/-), subject to shareholder approval at a future Extraordinary General Meeting. The agenda also includes a standard 'any other item' clause.
If approved, the SIDBI term loan could provide growth capital for the company. The proposed share consolidation would reduce the total number of outstanding shares and increase the per-share face value, which may affect liquidity and the stock's market price. Investors should wait for final terms post the board meeting.