Sanmit infra Limited has incorporated a new subsidiary to expand its infrastructure development capabilities, according to a regulatory disclosure filed on March 14, 2026. The company established Sanmit Truevalue Infraprojects Private Limited on March 10, 2026, marking a strategic expansion into specialized road construction and maintenance services.

Subsidiary Formation Details

The newly incorporated subsidiary operates under CIN U42101MH2026PTC469192 with an authorized share capital of Rs. 15.00 lakh. Sanmit Infra Limited acquired majority control through a strategic investment structure.

Business Focus and Operations

Sanmit Truevalue Infraprojects Private Limited will specialize in microsurfacing works and comprehensive infrastructure development projects. The subsidiary's operational scope encompasses executing, undertaking, managing, and implementing road construction and maintenance projects throughout India and abroad through various business models including joint ventures, consortiums, and subcontracting arrangements.

The company will also establish manufacturing capabilities for road construction materials. Key products will include:

• Bitumen emulsion and modified bitumen
• Microsurfacing mixtures and asphalt products
• Aggregates and construction chemicals
• Allied road construction materials

Related Party Transaction Structure

The incorporation represents a related party transaction, with Managing Director Sanjay Kanayalal Makhija (DIN: 00586770) serving as director in both the parent company and the newly formed subsidiary. This structure ensures aligned management oversight across both entities while maintaining regulatory compliance.

Strategic Implications

The subsidiary formation aligns with Sanmit Infra Limited's expansion strategy in the infrastructure sector. By establishing dedicated manufacturing and processing facilities, the company aims to create an integrated value chain for road construction and maintenance services. The entity's focus on microsurfacing technology positions it to address specialized road maintenance requirements in the growing infrastructure market.

As the subsidiary was incorporated on March 10, 2026, it has yet to commence business operations, with no applicable turnover history. The company will operate within India's infrastructure development sector, contributing to the parent company's diversified project portfolio.

Sanmit Infra Limited has secured its tenth significant infrastructure contract worth ₹3.61 crore for micro surfacing work in Maharashtra. The company disclosed this development through an official regulatory filing under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, dated March 9, 2026.

Project Overview

The contract involves 266000 SQMT micro surfacing work at the AM-164 improvement project, spanning from Mhaisang to Aasara (Km 25+100 to 65+200) in Akola district. The project is being executed under the Maharashtra Rural Infrastructure Program (MRIP) on Hybrid Mode for M/s. Shree Palsiddha Construction Pvt Ltd.

Technical Specifications

The project involves providing and laying micro surfacing course comprising dry fine aggregates conforming to Type-II grading specifications. The work includes polymer modified bitumen emulsion with minimum 60% binder content, ordinary Portland cement, chemical additives and water in specified proportions with Type-II thickness of 4-6mm.

Key technical requirements include:

• Dry aggregate conforming to type-II grading at 8-10 kg per sqm of road surface coverage
• Bitumen emulsion at 11-12% by weight of dry aggregate as per mix design requirement
• Cement at 1-2% by weight of dry aggregate or as per mix design requirement
• Additive at 0-2% by weight of dry aggregates or as per mix design requirement

Commercial Terms and Payment Structure

The contract includes favorable payment terms with a mobilization advance of ₹10 lakh provided along with the work order. Payment will be made within 15 days after submission of running account bills with statutory deductions. A retention of 3% will be deducted from each running account bill and released after completion of the defect liability period.

Scope of Work Distribution

The contract clearly defines responsibilities between both parties. Shree Palsiddha Construction Pvt Ltd will provide open land for base camp (approximately 6000 sq. yards) near the road stretch, handle local issues, traffic diversion, administrative matters, and filling of pot holes with rectification of settlement patches.

Sanmit Infra Limited's scope encompasses all machinery, manpower, materials including aggregate, emulsion, cement and additives, along with fuel, quality control and assurance, supervision, execution, and all safety precautions. The company will also conduct joint inspections and measurements after completion of every 25,000 sqm of micro surfacing work.

Performance Guarantee and Risk Management

The contract includes a 12-month defect liability period with specific exclusions for defects arising from underlying surface issues and damages due to water logging or flooding. The defect liability period will not apply to settlement of roads on paved surfaces and cracks developed from the road base, ensuring fair risk allocation between the contracting parties. The filing confirms this is a domestic contract with no related party transactions or promoter group interests involved.