SMT Engineering Debt & Borrowing: ₹6.24 Cr
SMT Engineering's material subsidiary, Sai Machine Tools, executed an equitable mortgage for credit facilities of ₹6.24 Crore from Punjab National Bank.
- Value
- ₹6.24 Cr
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SMT Engineering's material subsidiary, Sai Machine Tools, executed an equitable mortgage for credit facilities of ₹6.24 Crore from Punjab National Bank.
SMT Engineering extended a ₹13.75 Crore corporate guarantee to its subsidiary SAI Machine Tools for a cash‑credit increase. The move lifts the subsidiary’s limit to Rs 45 Crore, creating a liability.
SMT Engineering Ltd confirmed it does not meet the SEBI criteria for 'Large Corporates' for FY 2025-26. Consequently, the company has no mandatory requirement to raise incremental borrowings through debt securities. All reported borrowing and penalty figures for the period are nil.
SMT Engineering Ltd has disclosed that it does not fall under the 'Large Corporate' category for the period ended March 31, 2026. Consequently, the company is exempt from the requirement to file initial and annual disclosures under SEBI's debt fundraising framework for large entities.