What’s new

• Sanmit Infra secured a ₹2.00 cr working capital term loan from ICICI Bank under the ECLGS 5.0 scheme.
• The loan carries a 5-year tenure with a 1-year moratorium and a capped interest rate of 9%.
• The amount represents about 2.4% of the company's ₹83 cr market capitalisation.

Why it matters

For a company with a market cap of just ₹83 crore, any external funding matters for liquidity. The ECLGS loan adds a modest cushion to Sanmit's balance sheet and keeps the cost of that capital low at 9%. The loan won't move the needle on growth, but it plugs an immediate working-capital gap.

What we’re watching

• How the deployed capital translates into revenue growth in the next quarter.
• Whether Sanmit returns to ICICI for larger facilities as projects scale.
• The company's net debt position after this addition.

The full read

Sanmit Infra, a nano-cap builder with a market capitalisation of ₹83 crore, has raised ₹2.00 crore in working-capital debt from ICICI Bank. The loan falls under the ECLGS 5.0 scheme, carrying a 5-year tenure, a 1-year interest moratorium, and a rate capped at 9%. For a company this size, the loan is a small but real liquidity buffer. It represents about 2.4% of market value. The terms are favourable, but the amount is routine and does not signal a larger strategic pivot. The loan simply keeps the lights on while Sanmit works through its current-asset pipeline.

Primary source: BSE · NSE