Shashijit Infraprojects Defaults on Rs 3.3 Lakh Term Loan EMI Payment

Shashijit Infraprojects Limited , a construction engineering company, has disclosed a default on the payment of an Equated Monthly Installment (EMI) for a term loan. The company made this disclosure in compliance with regulatory requirements, providing transparency to its investors and the market.

Default Details

Aspect	Information
Default Amount	Rs 3,30,000
Date of Default	October 28, 2025
Nature of Default	Non-payment of EMI of Term Loan
Estimated Impact	May affect the company's credit score

Company's Statement

Shashijit Infraprojects has acknowledged that this default may impact its credit score. However, the company has expressed its intention to fulfill the obligation at the earliest. In its disclosure, the company stated that it does not anticipate any material impact on its operations due to this default.

Regulatory Compliance

The disclosure was made in accordance with the Securities and Exchange Board of India (SEBI) Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023. This circular mandates listed entities to disclose defaults on payment of interest or repayment of principal amounts on loans from banks or financial institutions.

Investor Considerations

While the default amount of Rs 3.3 lakh may seem relatively small, it's important for investors to monitor such incidents closely. Defaults, even minor ones, can potentially indicate cash flow challenges or other financial pressures a company may be facing. However, it's equally important to consider the company's statement regarding its ability to fulfill the obligation and the expected lack of material impact on operations.

Investors are advised to keep an eye on future disclosures and financial reports from Shashijit Infraprojects to gain a more comprehensive understanding of the company's financial health and performance.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.97%	-0.20%	-11.86%	-37.83%	+55.62%	-32.24%

Shashijit Infraprojects Limited has announced the resolution of a legal matter that had been pending against the company. The construction engineering firm, based in Vapi, Gujarat, reported that a summon issued by the Court of 3rd Additional Senior Civil Judge & Additional Chief Judicial Magistrate Court, Surat, has been withdrawn.

Legal Proceedings Dropped

The summon, which was related to alleged contraventions under Section 25 of the Payment and Settlement Act, 2007 and Section 138 of the Negotiable Instruments Act, 1881, is no longer in effect. The company received communication regarding the withdrawal on July 25, 2025.

No Financial Impact

In a statement to the Bombay Stock Exchange (BSE), Shashijit Infraprojects emphasized that the resolution of this legal matter has no financial, operational, or other impact on the company. The matter now stands closed, and the company is not required to make any appearances before the court.

Regulatory Compliance

The company made this disclosure in compliance with:

Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023

This adherence to regulatory requirements demonstrates the company's commitment to transparency in its dealings with shareholders and regulatory bodies.

Manthan D. Shah, Company Secretary and Compliance Officer of Shashijit Infraprojects Limited, signed the official communication to the BSE, confirming the withdrawal of the summon and the closure of the legal proceedings.

This development marks the resolution of a potential legal challenge for Shashijit Infraprojects Limited, allowing the company to focus on its core business activities in the construction and infrastructure sector without the burden of ongoing legal proceedings.