Super Iron Foundry Ltd Secures ₹6.10 Crores in Loans from Axis Finance and SBI
Super Iron Foundry Ltd secured loans totaling ₹6.10 crores from Axis Finance Limited (₹2.50 crores for working capital, 96-month term) and State Bank of India (₹3.60 crores for solar module installation, 120-month term) on January 30, 2026. The loans are secured through property charges, personal guarantees, and hypothecation of solar equipment, with the company maintaining full regulatory compliance under SEBI disclosure requirements.
*this image is generated using AI for illustrative purposes only.
Super Iron Foundry Ltd has announced the successful availing of loans totaling ₹6.10 crores from two prominent financial institutions on January 30, 2026. The company disclosed this development to BSE Limited under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.
Loan Details and Structure
The financing comprises two separate loan agreements with distinct purposes and terms:
| Lender: | Loan Amount | Purpose | Term |
|---|---|---|---|
| Axis Finance Limited | ₹2.50 crores | Working Capital | 96 months |
| State Bank of India | ₹3.60 crores | Solar Module Installation | 120 months |
| Total: | ₹6.10 crores | - | - |
Axis Finance Limited Agreement
The loan agreement with Axis Finance Limited involves a term loan of ₹2.50 crores specifically designated for meeting the company's working capital requirements. The facility carries a tenure of 96 months and is secured against property assets.
Security Provisions for Axis Finance Loan
The loan is secured through multiple mechanisms:
- Property Charge: Exclusive charge on land measuring 419 Decimal (253.495 Cottahs) with structures of 33,000 sq. ft. in Mouza Sarpi, District Paschim Bardhaman
- Personal Guarantees: Provided by Abhishek Saklecha and Akhilesh Saklecha
- Outstanding Amount: ₹4.82 crores total outstanding with the lender
State Bank of India Facility
The second loan arrangement with State Bank of India amounts to ₹3.60 crores, earmarked for the installation of solar modules. This term loan carries an extended tenure of 120 months, reflecting the long-term nature of renewable energy investments.
SBI Loan Security Details
| Security Type: | Details |
|---|---|
| Hypothecation: | First charge on machinery |
| Equipment Coverage: | ALLM approved Solar Modules, Growatt/Equivalent Inverters |
| Scope: | All machinery/equipment created from bank finance for Solar Project |
| Outstanding Amount: | Nil |
Regulatory Compliance
Both loan agreements comply with SEBI regulations and do not involve any related party transactions. The agreements do not grant special rights to lenders regarding board appointments, share subscriptions, or capital structure restrictions. No shares have been issued to either lender as part of these arrangements.
The disclosure was signed by Ekta Benia, Company Secretary & Compliance Officer (Membership No.: A43551), ensuring proper regulatory compliance and transparency.
Source:
Historical Stock Returns for Super Iron Foundry
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.31% | -6.87% | -14.57% | -26.52% | -28.52% | -68.27% |
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