Sanmit Infra Limited will convene a board meeting on Thursday, June 04, 2026, to evaluate the terms and conditions of a financial facility offered by ICICI Bank. The board's primary agenda is to consider a sanction letter for the Availability of Guaranteed Emergency Credit Line (GECL), structured as a working capital term loan facility under the Emergency Credit Line Guaranteed Scheme 5.0 (ECLGS). This decision is critical for securing liquidity support under the government-backed guarantee scheme.

The meeting, scheduled for 03:00 p.m. at the company's registered office, follows the regulations stipulated by the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Specifically, the intimation was made in compliance with Regulation 29(1) and 30, ensuring timely disclosure to the stock exchanges.

Agenda Details

The board will deliberate on the specific terms and conditions outlined in the sanction letter from ICICI Bank. The facility is designed to provide a working capital term loan, which is essential for the company's operational funding requirements. The ECLGS 5.0 framework provides a guarantee cover, which facilitates access to credit for eligible borrowers.

Key Meeting Information

In addition to the GECL facility, the board will consider any other items that may arise during the proceedings. The outcome of these deliberations will determine the final acceptance and execution of the credit facility.

Sanmit Infra Limited reported a net profit of ₹197.93 lakhs for the financial year ended March 31, 2026, an increase from ₹155.95 lakhs in the previous year, despite a decline in total income. The company published the audited standalone financial results for the quarter and year ended March 31, 2026, in the Financial Express and Pratahkal newspapers on May 30, 2026. The board approved the results at a meeting held on May 28, 2026. Statutory auditor PAMS & Associates issued an unmodified audit opinion on the annual financial results.

Total income for FY26 stood at ₹10,441.85 lakhs, compared to ₹14,681.55 lakhs in FY25, primarily due to a reduction in revenue from operations. Total expenses decreased to ₹10,170.22 lakhs from ₹14,455.40 lakhs in the prior year. Profit before tax for the year improved to ₹271.63 lakhs from ₹226.16 lakhs. The company recognized an incremental expense of ₹3.38 lakhs against gratuity following an assessment of employee benefit obligations under the new Labour Codes effective from November 21, 2025.

Financial Performance: Annual Results

The following table summarises the key annual financial metrics for Sanmit Infra:

Quarterly Performance: Q4 FY26

For the quarter ended March 31, 2026, the company reported a net profit of ₹165.32 lakhs, compared to ₹158.58 lakhs in Q4 FY25. Total income for Q4 FY26 was ₹3,268.58 lakhs, against ₹4,609.14 lakhs in the corresponding quarter of the previous year.

Segment Performance

Sanmit Infra operates across five business segments. For the year ended March 31, 2026, the Petroleum and related products segment remained the largest contributor to revenue at ₹5,651.02 lakhs, down from ₹12,798.77 lakhs in FY25. The Bitumen emulsion and other road construction related materials segment contributed ₹3,127.30 lakhs, while the Microsurfacing and repair of roads and related services segment contributed ₹1,634.90 lakhs. No revenue was generated from the Realty and Infrastructure segment during the reported periods.

Corporate Developments

The board approved the appointment of M/s. Manas Dash & Co., Chartered Accountants (FRN: 32567E), as Internal Auditor and M/s. C Sahoo & Co. (FRN: 100665) as Cost Auditor for the financial year 2026-27, effective from May 28, 2026. The company disclosed that it entered into an arrangement to subscribe to 51% of the equity share capital of Sanmit Truevalue Infraprojects Private Limited for ₹5,10,000. The allotment was completed in April 2026. Additionally, members approved the consolidation of equity shares from ₹1 each to ₹10 each, with a record date of April 30, 2026.