ALPHA TRIBE

Sanmit Infra LtdImportant, 30-12-2025: Company Update

30-12-2025 | 07:47 pm

Sanmit Infra's board has approved the terms for a Term Loan of Rs. 1.16 Cr from Small Industries Development Bank of India (SIDBI) under its SPEED Scheme. This loan will fund equipment purchases for enterprise development, supporting the company's operational growth. The interest rate is 8.85% annually, with repayment over 59 monthly installments after a 3-month moratorium. Security for the loan includes a primary charge on movables acquired under the project, a Rs. 0.29 Cr fixed deposit, and personal guarantees from four individuals.

No comments yet. Be the first to comment!

All announcements from Sanmit Infra Ltd