Sanmit Infra Limited has disclosed receiving a Letter of Intent from Small Industries Development Bank of India (SIDBI) for financial assistance under the STEP scheme. The company made this announcement through a regulatory filing under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Loan Details and Purpose

The term loan facility amounts to Rs 200 lakh and is designated for working capital requirements at the company's manufacturing unit. The facility will support operations at the unit located at Malmatta No.239, Survey No.6, Hissa No.4, Maniknagar (Talavali), Khalapur, Raigad, Maharashtra-410202.

Terms and Conditions

The loan agreement includes specific timelines and financial terms that the company must adhere to. The facility carries an interest rate of 8.85% per annum with monthly rests on the outstanding loan amount.

Key Timeline Requirements:

• Loan Agreement Execution: Within 2 months from Letter of Intent date
• First Disbursement: Within 3 months from Letter of Intent date
• Final Disbursement: Within 9 months from Letter of Intent date
• Moratorium Period: 6 months from first disbursement
• Repayment: 54 monthly installments after moratorium

Financial Terms:

• Penal Charges: 2% on delayed/non-payment, 1% on compliance delays
• Prepayment Charges: 3% of prepaid amount plus applicable GST
• Interest Payment: Monthly on 10th of each month
• CGTMSE Guarantee Fee: 1% annually on guaranteed/outstanding amount

Security Arrangements

The loan facility is secured through a comprehensive security structure involving primary security, collateral security, and personal guarantees.

Primary Security:

• First/Second charge by way of hypothecation on all current assets including stock, raw materials, finished goods, and book debts acquired under the project

Collateral Security:

Personal Guarantees:

Four personal guarantors have been identified: Shri Haresh Kanayalal Makhija, Shri Kamal Kanayalal Makhija, Shri Sanjay Kanayalal Makhija, and Shri Dinesh Kanayalal Makhija.

Regulatory Compliance

The company has confirmed that this transaction does not involve any related party arrangements, as SIDBI has no shareholding relationship with the company or its promoter group. The agreement does not fall under related party transactions and involves no conflict of interest. The facility represents a standard banking arrangement for working capital financing and does not include any special rights such as board appointment rights or capital structure restrictions.

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.