Sanmit Infra Ltd has accepted the resignation of Ajay Nanik Chandwani as a Non-Executive Independent Director, effective from the close of business hours on June 13, 2026. The resignation was submitted due to advancing age and health-related issues, as stated in the official filing to the stock exchange.

The disclosure was made in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that Mr. Chandwani has provided a detailed resignation letter and verified that there are no other material reasons for his departure beyond those cited.

Resignation Details

The following table outlines the key particulars regarding the cessation of the directorship:

Independent Director Disclosures

Under Schedule III - Para A (7B) of Part A of SEBI LODR, the company provided additional information regarding the resignation. Mr. Chandwani confirmed that he does not hold directorships in any other listed entities. He also confirmed that there are no material reasons for his resignation other than those mentioned in his resignation letter.

In his resignation letter addressed to the Board of Directors, Mr. Chandwani stated that he does not have any claims against Sanmit Infra Limited, nor does the company have any claims against him. He requested the Board to file the necessary forms with the Registrar of Companies and intimations to the stock exchange promptly.

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.