Shashijit Infraprojects , a construction engineering company, has reported a default on the interest payment for a term loan. The company made this disclosure in compliance with SEBI regulations, providing transparency to its investors and the market.

Default Details

Impact and Company's Response

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

Regulatory Compliance

The disclosure was made in accordance with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, which mandates listed entities to report defaults on loan payments from banks or financial institutions. This adherence to regulatory requirements demonstrates the company's commitment to transparency and corporate governance.

Company Overview

Shashijit Infraprojects Limited is an ISO 9001:2015 certified construction engineering company. Its registered office is located in Vapi, Gujarat.

While the default is a concern for investors, the company's prompt disclosure and stated intention to rectify the situation quickly may provide some reassurance to stakeholders.

Shashijit Infraprojects Limited, a construction engineering firm, has repaid a defaulted loan amount of Rs 3.30 lakh to banks and financial institutions on December 8, 2025. This repayment addresses the company's previous default, 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

Shashijit Infraprojects acknowledged that while the default may affect its credit score, it does not anticipate any 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.

Looking Forward

The timely resolution of this default suggests that Shashijit Infraprojects is taking steps to manage its financial obligations effectively. The company's ability to meet its financial commitments will remain an important factor for stakeholders to consider.