Intimation for availing loan by the company from Axis Finance Limited and State Bank of India
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Super Iron Foundry Ltd has availed two new secured term loans totalling ₹6.10 crores on January 30, 2026. The first loan of ₹2.50 crores from Axis Finance Limited is for working capital needs, has a 96-month tenure, and is secured by a property charge along with personal guarantees from promoters Abhishek Saklecha and Akhilesh Saklecha. The second loan of ₹3.60 crores from State Bank of India is specifically for installing solar modules, carries a 120-month tenure, and is secured by hypothecation of the solar project machinery. The total outstanding with Axis Finance after this disbursement stands at ₹4.82 crores, while the SBI loan is fresh with no prior outstanding. Both transactions are at arm's length and the lenders have no shareholding or related-party links to the company.
The new borrowings will expand the company's debt by ₹6.10 crores but are tied to productive uses — working capital and a solar energy project — which could support operations and reduce long-term power costs. Shareholders should note the personal guarantees from promoters and the increase in secured debt obligations.