Disclosure of default in repayment of EMI
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Shashijit Infraprojects has disclosed a default on a term loan EMI amounting to ₹3,30,000 as of October 28, 2025. The filing was made under SEBI LODR Regulation 30 and a SEBI circular dated July 13, 2023 that requires listed companies to publicly report loan defaults to banks or financial institutions. The company admitted the default may impact its credit score but stated it plans to clear the dues soon and does not expect any material impact on operations. The disclosure is signed by Chairman & MD Ajit Jain and Company Secretary Neha Mewara.
While the default amount is small (₹3.3 lakhs), any reported loan default is a negative signal for lenders and investors, and could weigh on the company's credit profile and future borrowing ability. Shareholders should watch for any further defaults or follow-up disclosures.