The Company has availed loan facilities from Poonawalla Fincorp Limited.
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Super Iron Foundry Ltd has availed a secured term loan of ₹4.47 crore (₹4,47,42,636) from Poonawalla Fincorp Limited on March 30, 2026. The loan has a long tenure of 180 months (15 years) and is intended to meet the working capital needs of the company and its subsidiaries. The loan is secured by a charge on a residential property (Flat 2E, Shree Vinayak Apartment, Kolkata) owned by the company. The lender is not related to the promoter or group companies, so this is an arm's length transaction.
The new loan boosts working capital availability for operations but adds to the company's long-term debt burden over 15 years. The relatively small size (₹4.47 crore) and property-backed security suggest manageable risk, though shareholders should monitor interest costs and the use of these funds for operational efficiency.