Super Iron Foundry Ltd Grants ₹4,50,00,000 Term Loan to Wholly Owned Subsidiary SIF International FZE

1 min read     Updated on 13 May 2026, 07:46 PM
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Suketu GScanX News Team
AI Summary

Super Iron Foundry Ltd disclosed on May 13, 2026, the grant of a term loan of ₹4,50,00,000 (Rupees Four Crore Fifty Lakhs) to its wholly owned subsidiary SIF International FZE for working capital purposes. This disbursement represents the first tranche of a total loan agreement valued at ₹15,00,00,000 (Rupees Fifteen Crore), structured as a five-year term loan with no security provided. The disclosure was made under Regulation 30 of the SEBI Listing Regulations and filed with BSE Limited.

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Super Iron Foundry Ltd has made a regulatory disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, informing stock exchanges of a term loan granted to its wholly owned subsidiary. The company extended a loan of ₹4,50,00,000 (Rupees Four Crore Fifty Lakhs) to SIF International FZE on May 13, 2026, to support the subsidiary's working capital requirements. The disclosure was filed in compliance with SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

Loan Agreement Details

The loan agreement has been entered into between Super Iron Foundry Ltd as the lender and SIF International FZE as the borrower. The first tranche disbursed amounts to ₹4,50,00,000, which also represents the total amount currently outstanding under the arrangement. The following table summarises the key terms of the loan as disclosed:

Parameter: Details
Lender: Super Iron Foundry Ltd
Borrower: SIF International FZE
Nature of Loan: Term Loan
Total Loan Agreement Size: ₹15,00,00,000 (Rupees Fifteen Crore only)
First Tranche Amount: ₹4,50,00,000 (Rupees Four Crore Fifty Lakhs only)
Total Amount Outstanding: ₹4,50,00,000 (Rupees Four Crore Fifty Lakhs only)
Date of Execution: May 13, 2026
Loan Term: 05 years
Security Provided: NA

Purpose and Relationship

The loan has been granted specifically to meet the working capital requirements of SIF International FZE. As a wholly owned subsidiary of Super Iron Foundry Ltd, SIF International FZE is the sole counterparty to this agreement. The disclosure notes that the transaction does not involve any issuance of shares, and no special rights such as the right to appoint directors or restrict changes in capital structure have been conferred as part of this arrangement.

Regulatory Compliance

The disclosure was submitted to BSE Limited in accordance with Regulation 30 read with Para B of Part A of Schedule III of the SEBI Listing Regulations. The company has confirmed that there are no other disclosures related to nominee board appointments, potential conflicts of interest, or termination and amendment provisions applicable at this stage. The filing was signed by Prashil Singh, Company Secretary and Compliance Officer (Membership No.: A78711), on behalf of Super Iron Foundry Ltd.

Historical Stock Returns for Super Iron Foundry

1 Day5 Days1 Month6 Months1 Year5 Years
+1.63%+3.58%+20.91%+11.37%+34.57%-53.22%

When does Super Iron Foundry plan to disburse the remaining ₹10.50 crore tranches to SIF International FZE, and what milestones will trigger each subsequent disbursement?

How might the unsecured nature of this ₹15 crore loan facility impact Super Iron Foundry's balance sheet and credit ratings if SIF International FZE faces financial difficulties?

What are SIF International FZE's revenue projections and business expansion plans that necessitate this working capital support, and how will they affect Super Iron Foundry's consolidated financials?

Super Iron Foundry Limited Responds to BSE Surveillance Query on Share Price Movement

2 min read     Updated on 14 Apr 2026, 02:00 PM
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AI Summary

Super Iron Foundry Limited responded to BSE's surveillance query regarding significant share price movements, clarifying that all required disclosures have been made under SEBI regulations. The company attributed the price movements to market conditions and reaffirmed its commitment to regulatory compliance and transparency.

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Super Iron Foundry Limited has provided a comprehensive response to BSE Limited's surveillance department regarding recent significant movements in its share price. The company submitted its clarification on April 14, 2026, following a query from the exchange's surveillance team.

BSE Surveillance Query Details

BSE Limited had noted significant movement in Super Iron Foundry's share price and requested clarification under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The exchange's query, dated April 13, 2026, sought information about any events or announcements that might have influenced the price behavior of the scrip.

Query Details: Information
Reference Number: L/SURV/ONL/PV/APJ/2026-2027/3710
Date Received: April 13, 2026
Response Date: April 14, 2026
BSE Scrip Code: 544381

Company's Official Response

Super Iron Foundry Limited, through its Company Secretary and Compliance Officer Prashil Singh, provided a detailed four-point clarification addressing the exchange's concerns. The company emphasized its commitment to regulatory compliance and transparency in its response.

The key points of the company's clarification include:

  • Complete Disclosure Compliance: The company confirmed that it has intimated all events and price-sensitive information to exchanges as required under Regulation 30 and other applicable SEBI regulations
  • Market-Driven Movement: The share price movement was attributed purely to market conditions, over which the company has no control or specific knowledge
  • Insider Trading Compliance: All relevant disclosures of Unpublished Price Sensitive Information have been made under SEBI (Prohibition of Insider Trading) Regulations, 2015
  • Ongoing Commitment: The company reaffirmed its dedication to maintaining highest standards of governance and disclosures

Regulatory Framework and Compliance

The response highlights Super Iron Foundry's adherence to multiple regulatory frameworks. The company operates under various certifications and maintains compliance with SEBI's listing and disclosure requirements.

Compliance Area: Details
Primary Regulation: SEBI (LODR) Regulations, 2015
Insider Trading: SEBI (Prohibition of Insider Trading) Regulations, 2015
Company Status: Three Star Export House (Govt. of India)
Certifications: ISO 9001:2015, ISO 14001:2015, OHSAS 45001:2018

Corporate Information

Super Iron Foundry Limited, formerly known as Super Iron Foundry Private Limited, is a certified company with CIN L27310WB1988PLC044810. The company maintains its registered office in Kolkata, West Bengal, and operates manufacturing facilities in Durgapur.

The clarification was digitally signed by Prashil Singh, Company Secretary and Compliance Officer (Membership No. A78711), ensuring the authenticity and official nature of the response to BSE's surveillance query.

Historical Stock Returns for Super Iron Foundry

1 Day5 Days1 Month6 Months1 Year5 Years
+1.63%+3.58%+20.91%+11.37%+34.57%-53.22%

Will BSE's surveillance department implement additional monitoring measures for Super Iron Foundry's stock given the recent volatility?

How might the ongoing market conditions that caused the price movement affect Super Iron Foundry's stock performance in the coming quarters?

Could this surveillance inquiry impact investor confidence and trading volumes for Super Iron Foundry shares in the near term?

More News on Super Iron Foundry

1 Year Returns:+34.57%