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:

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

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:

Super Iron Foundry has received a comprehensive credit rating review from Infomerics Valuation and Rating Ltd, with the rating agency announcing mixed actions on the company's bank facilities on December 17, 2025. The rating update reflects changes in the company's facility structure while maintaining existing credit quality assessments.

Rating Actions and Facility Changes

Infomerics has taken varied actions across different facility categories for Super Iron Foundry. The rating agency has made significant adjustments to both long-term and short-term bank facilities based on the company's operational and financial performance for FY25 and 6M FY26.

Facility Structure Details

The revised facility structure includes multiple components across different lenders. UCO Bank provides cash credit facilities, while both UCO Bank and Bank of India offer export-related facilities.

Fund-Based Facilities

• Long-term: Cash Credit facility of ₹4.80 crores from UCO Bank
• Short-term: EPC/PCFC facilities totaling ₹110.65 crores (₹50.00 crores from UCO Bank and ₹55.00 crores from Bank of India)

Non Fund-Based Facilities

• Bank Guarantee of ₹3.30 crores
• Non Fund-based limit of ₹2.45 crores
• Total non fund-based facilities: ₹5.75 crores

Rating Rationale and Outlook

The rating committee's decision was based on a comprehensive review of Super Iron Foundry's recent operational and financial performance. The IVR BBB-/Stable rating indicates that securities are considered to have moderate degree of safety regarding timely servicing of financial obligations, carrying moderate credit risk.

The short-term IVR A3 rating suggests that the facilities have moderate degree of safety regarding timely payment of financial obligations, though they carry higher credit risk compared to instruments rated in higher categories.

Regulatory Compliance and Monitoring

The rating is valid for one year from December 15, 2026, subject to regular surveillance and review by Infomerics. Super Iron Foundry is required to provide monthly No Default Statements and quarterly performance results within six weeks of each calendar quarter close. The company has submitted this rating intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring compliance with regulatory disclosure norms.