Key Transaction Details
Parties Involved:
- Borrower: Sai Machine Tools Private Limited (material subsidiary of SMT Engineering Limited)
- Mortgagors:
- Ajay Jaiswal
- Vishal Kumar Jaiswal
- Vandana Jaiswal
- Ashok Jaiswal
- Sai Machine Tools Private Limited
- Mortgagee/Lender: Punjab National Bank
Purpose: To create/extend an Equitable Mortgage by Deposit of Title Deeds in connection with credit facilities.
Transaction Size: ₹6.24 Crores
Loan Details:
- Type of Facility: ECLGS 5.0 Working Capital Term Loan
- Term of Loan: 5 years
- Total Loan Amount: ₹6.24 Crores
- Date of Execution of Equitable Mortgage/Deposit of Title Deed: August 22, 2026
Security Arrangements:
Extension of Equitable Mortgage created by deposit of title deeds under:
- Declaration dated July 31, 2024 (Registration No. MP179092024A1974222)
- Successively extended under Declaration dated December 4, 2025 (Registration No. MP7IGR17542025A101110777)
- Declaration dated May 11, 2026 (Registration No. MP7IGR17542026A100555084, registered May 12, 2026)
Relationship Between Parties:
Sai Machine Tools Private Limited is a Wholly Owned Material Subsidiary of SMT Engineering Limited, having common Directors and Promoters. The transaction is classified as a related party transaction but was conducted at Arm's Length Basis.
Regulatory Compliance:
Disclosure made pursuant to SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 issued on July 11, 2023 and last updated on January 30, 2026.
Additional Information:
No special rights like right to appoint directors, first right to share subscription, or right to restrict capital structure changes are applicable to this mortgage agreement. No share issuance is involved in this transaction.