ALPHA TRIBE

Sanmit Infra LtdImportant, 04-06-2026: Company Update

04-06-2026 | 06:10 pm

Sanmit Infra's board has approved terms for a Guaranteed Emergency Credit Line facility of Rs 2 Crore from ICICI Bank. This working capital term loan, under the ECLGS 5.0 scheme, is intended to meet the company's working capital needs and create current assets. The loan has a 5-year tenure, including a 12-month moratorium on principal repayment, followed by 48 equal monthly installments. The interest rate will be based on I-EBLR plus a spread, capped at 9.00%. This financing aims to support the company's operational liquidity and asset creation.

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