Shashijit Infraprojects Limited, a construction engineering firm, has repaid a loan default amount of Rs 3,30,000 to banks and financial institutions on November 1, 2025. This repayment addresses the company's previous default on interest and principal payments, demonstrating its commitment to meeting its financial obligations.

Default Details and Repayment

The company provided the following information regarding the default and subsequent repayment:

Company's Statement and Corrective Measures

Shashijit Infraprojects acknowledged that while the default may affect its credit score, it does not anticipate any other material impact on the company or its financials, given the prompt repayment. The company stated that the repayment itself serves as the corrective measure to address the default.

Disclosure and Transparency

In compliance with SEBI regulations, Shashijit Infraprojects has made the necessary disclosures to the stock exchange. The company's proactive approach in reporting the default and its subsequent resolution demonstrates its commitment to transparency and regulatory compliance.

Looking Forward

While the repayment resolves the immediate concern, investors and stakeholders may want to monitor the company's financial management practices and liquidity position in the coming months. The timely resolution of this default suggests that Shashijit Infraprojects is taking steps to manage its financial obligations effectively.

As the construction and infrastructure sector continues to face various challenges, including potential liquidity pressures, the company's ability to meet its financial commitments will remain an important factor for stakeholders to consider.

Shashijit Infraprojects Limited, a construction engineering company, recently disclosed a default on its term loan interest payment but swiftly addressed the issue, according to recent filings with the BSE Limited.

Default Details

The company reported a failure to make an interest payment of Rs. 67,260 on November 1, 2025. This default was related to the EMI (Equated Monthly Installment) of their term loans.

Swift Resolution

In a subsequent filing dated November 2, 2025, Shashijit Infraprojects informed that they had rectified the default. The company stated that it had repaid the interest amount on the same day as the default occurred.

Financial Impact

While the company acknowledged that the default might affect its credit score, it does not anticipate any material impact on its operations. The disclosure provided the following details:

Regulatory Compliance

The disclosures were made in compliance with SEBI (Securities and Exchange Board of India) regulations, specifically adhering to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company also followed the guidelines set forth in SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023.

Company's Statement

Ajit Jain, Chairman and Managing Director of Shashijit Infraprojects Limited, signed off on the disclosure, affirming that the company had taken corrective measures by repaying the interest amount promptly.

The swift action taken by Shashijit Infraprojects in addressing and disclosing the default demonstrates the company's commitment to financial transparency and regulatory compliance. While such incidents may potentially impact a company's credit standing, the prompt resolution suggests a proactive approach to financial management.