Intimation under Regulation 30 and 30A of SEBI (LODR) Regulations, 2015
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Awaiting price reaction for this filing.
Smart Finsec Ltd informed the exchange that its group company, Smart Equity Brokers Private Limited, has renewed and amended its Working Capital Loan Agreement with Axis Bank Limited, effective January 16, 2026. The Bank Guarantee facility has been enhanced from INR 190 Crores to INR 220 Crores (for BSE/NSE/MCX trade guarantees and margins), the Intraday Limit has been reduced from INR 20 Crores to INR 15 Crores, and the Overdraft against Property remains unchanged at INR 15 Crores, taking the overall credit limit to INR 235 Crores. Importantly, SFL is not a party to this agreement and its Corporate Guarantee obligation remains unchanged at INR 30 Crores (covering only Intraday and Overdraft against Property). The enhanced Bank Guarantee of INR 30 Crores is now secured by the Personal Guarantee of promoters rather than SFL's corporate guarantee, meaning SFL's direct liability does not increase with this renewal.
Neutral to marginally positive for shareholders — SFL's own financial exposure remains capped at INR 30 Crores with no incremental liability from the higher Bank Guarantee. The transaction supports the group's broader business operations and is at arm's length, but shareholders should note the continued off-balance-sheet exposure via the corporate guarantee to a group company.