Intimation under Regulation 30 and 30A of SEBI (LODR) Regulations, 2015
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Smart Finsec Ltd (SFL) disclosed that its group company Smart Equity Brokers Pvt Ltd renewed and amended its working capital facility agreement with Axis Bank on January 16, 2026. The Bank Guarantee limit was enhanced from INR 190 Cr to INR 220 Cr, while the Intraday Limit was reduced from INR 20 Cr to INR 15 Cr. Overdraft against Property remained unchanged at INR 15 Cr, taking the total credit facility to INR 235 Cr. SFL is not a party to the agreement, but its Corporate Guarantee obligation remains unchanged at INR 30 Cr (for Intraday and Overdraft against Property). The enhanced Bank Guarantee is secured by promoters' Personal Guarantee rather than SFL's corporate guarantee.
Minimal direct impact on SFL shareholders as the company's guarantee exposure stays capped at INR 30 Cr with no change. However, the larger credit facility supports the group's broking operations, indirectly benefiting SFL as a promoter-group entity.