Sanmit infra Limited has informed BSE about additional outcomes from its board meeting held on February 13, 2026. The company submitted supplementary information regarding decisions taken during the board meeting, highlighting key corporate governance actions.

Board Meeting Details and Outcomes

The board meeting was conducted on Friday, February 13, 2026, at the company's registered office. The meeting commenced at 4:00 PM and concluded at 5:30 PM, spanning a duration of one and a half hours.

Key Decision on Capital Structure

The board considered and approved the alteration to the capital clause in the Memorandum of Association of the company. This decision was taken in addition to three other agenda items that were discussed during the meeting. The capital clause alteration represents a significant corporate action that requires regulatory compliance and shareholder notification.

Regulatory Compliance and Communication

The company communicated this information to BSE on February 23, 2026, pursuant to Regulation 30 requirements. The communication was signed by Sanjay Makhiya, Managing Director, bearing DIN 00586770. The document was digitally signed on February 23, 2026, at 18:56:28 +05'30', ensuring proper authentication and compliance with digital signature requirements.

Corporate Governance Framework

This disclosure demonstrates the company's commitment to maintaining transparency with stakeholders and adhering to regulatory requirements. The timely communication of board decisions, particularly those involving changes to the Memorandum of Association, reflects sound corporate governance practices and regulatory compliance standards.

Sanmit Infra Limited announced significant corporate developments following its board meeting held on February 4, 2026. The company's board approved multiple strategic decisions including loan agreements, leadership changes, and capital restructuring proposals that will require shareholder approval.

Term Loan Approval from SIDBI

The board approved the terms and conditions of a Letter of Intent for a term loan received from Small Industries Development Bank of India (SIDBI) under the STEP scheme. The loan details are structured as follows:

The loan is secured by primary security including first/second charge by way of hypothecation of current assets, and collateral security featuring CGTMSE coverage of Rs. 170 Lakh and a fixed deposit of Rs. 30 Lakh with SIDBI.

Leadership and Board Changes

The board recorded several key personnel changes affecting the company's leadership structure:

Nandkumar Gorkhnath Patil brings over 20 years of experience in electronics and biomedical fields, holding a B.Tech degree in Electronics & Communication Engineering.

Share Consolidation Proposal

The board recommended a share consolidation proposal that will be presented to shareholders for approval. The consolidation structure maintains the same paid-up capital while changing the face value:

The consolidation aims to align the share capital structure with the company's long-term business and growth strategy while maintaining proportionate shareholding for all investors.

Board Committee Reconstitution

Following the directorial changes, the company reconstituted all major board committees including Audit Committee, Nomination and Remuneration Committee, Stakeholder Relationship Committee, Risk Management Committee, Corporate Social Responsibility Committee, and Business Responsibility and Sustainability Committee. The committees now comprise four to five members each, with appropriate chairperson appointments ensuring compliance with regulatory requirements.

Extraordinary General Meeting

The board approved convening an Extraordinary General Meeting on March 18, 2026 at 1:00 p.m. through video conference to seek shareholder approval for the proposed share consolidation. The company has appointed CDLSL for e-voting facilities and Purva Sharegistry (India) Pvt Ltd for VC facility, with M/s. Ramesh Chandra Mishra & Associates serving as scrutinizer for the e-voting process. The board meeting commenced at 3:00 p.m. and concluded at 6:45 p.m. on February 4, 2026.