Sanmit Infra Limited has announced securing a work order worth ₹23,39,350 for the supply of bitumen emulsion for the NH-544G highway project. The company disclosed this development under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, on December 30, 2025.

Project Details and Significance

The work order covers the supply of Emulsion RS-1 Water base for Package 2 and Package 3 of NH-544G, a Greenfield 6-lane highway project. This highway forms a critical component of the Bengaluru-Vijayawada Economic Corridor, one of India's most ambitious highway developments aimed at enhancing connectivity and boosting economic growth.

The project is described as a landmark highway infrastructure initiative that is set to create a Guinness World Record in the Indian infrastructure sector. The corridor represents a significant step toward setting new benchmarks in sustainable and high-speed road infrastructure.

Supply Schedule and Terms

The bitumen emulsion supply is scheduled to be executed according to a specific timeline with stringent delivery requirements. The contract includes comprehensive terms covering delivery schedules, transportation requirements, and quality standards.

Key contractual terms include:

• Delivery being the essence of the schedule
• All tankers must have fighter arrangement (PTO) and GPS tracking
• Immediate communication of dispatch particulars including invoice copy, e-way bill, LR copy, weight slip, MTC, GPS link, and driver details
• Vendor responsibility for tanker fitness and cleanliness

Corporate Governance and Compliance

The company confirmed that this is a domestic order with no related party transactions involved. The promoter, promoter group, or group companies have no interest in Rajpath Infracon Pvt Limited, the entity that awarded the contract.

Sanjay Makhija, Managing Director of Sanmit Infra Limited, expressed pride in the company's association with this project of national importance and global recognition. He highlighted that this achievement reflects the company's technical capability, product quality, and timely delivery commitment.

The order represents an opportunity for Sanmit Infra Limited to contribute to India's rapidly evolving highway infrastructure ecosystem and demonstrates the trust placed in the company by project partners for critical infrastructure development projects.

Sanmit Infra Limited has announced that its Board of Directors approved the terms and conditions of the ₹1.16 crore term loan from Small Industries Development Bank of India (SIDBI) under the SPEED scheme during a board meeting held on December 30, 2025. The meeting, conducted at the company's registered office from 3:00 PM to 5:30 PM, formalized the loan agreement previously disclosed through a Letter of Intent received on December 22, 2025.

Board Meeting Outcome

The board meeting was convened in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The directors considered and approved all terms and conditions related to the SIDBI term loan facility along with associated documentation required for the loan agreement.

Loan Facility Structure

The SPEED (Scheme for Purchase of Equipment for Enterprises Development) loan facility carries favorable terms for equipment acquisition from Original Equipment Manufacturers (OEMs). The loan structure includes specific disbursement and utilization timelines to ensure efficient project implementation.

Interest and Penalty Framework

The loan carries an interest rate of 8.85% per annum with monthly rests on outstanding principal, payable on the 10th of each month. SIDBI retains the right to review and reset the interest rate after three years from first disbursement. The facility includes penalty charges of 2.00% per annum on overdue amounts plus applicable GST for payment delays.

Prepayment of the loan requires prior written approval from SIDBI and attracts a prepayment charge of 3.00% of the outstanding amount plus applicable GST. Additional penal charges of 1.00% with GST apply for delays in compliance or security creation.

Comprehensive Security Structure

The loan facility is secured through a multi-layered security framework encompassing primary security, collateral security, and personal guarantees to ensure complete protection for the lender.

Primary and Collateral Security

Personal Guarantees

The facility requires irrevocable, unconditional joint and several personal guarantees from four key individuals: Shri Haresh Kanayalal Makhija, Shri Kamal Kanayalal Makhija, Shri Sanjay Kanayalal Makhija, and Shri Dinesh Kanayalal Makhija. These guarantors will be liable as principal debtors to SIDBI without any guarantee commission payments.

Compliance and Related Party Disclosure

Sanmit Infra has confirmed that SIDBI is not related to the promoter, promoter group, or group companies, ensuring the transaction does not constitute a related party transaction. The company will bear all legal fees and expenses related to documentation, charge registration, due diligence, and property valuation undertaken by SIDBI. This SPEED scheme loan will support the company's equipment modernization initiatives, providing institutional funding at competitive rates for productive asset creation and business expansion.