Sanmit Infra Ltd — Important, 28-01-2026: Company Update
28-01-2026 | 07:39 pm
28-01-2026 | 07:39 pm
Sanmit Infra has received a Letter of Intent from Small Industries Development Bank of India (SIDBI) for a Term Loan of 2 Cr. This loan, with an 8.85% annual interest rate, is specifically for working capital at its manufacturing unit. Key terms include 54 installments after a 6-month moratorium and penal charges for delays. This significant financing boosts the company's operational liquidity, enabling it to better manage its day-to-day business and support future growth initiatives.
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