SMT Engineering Ltd

SMT Engineering Extends ₹7.7 Cr Guarantee for Subsidiary’s Working Capital 🏦

- SMT Engineering Ltd. provides corporate guarantee for subsidiary Sai Machine Tools Pvt. Ltd.

- Guarantee covers working capital facilities up to ₹7.7 Cr from Standard Chartered Bank.

- Transaction is arm’s length, with no promoter/director interests involved.

- Promoter Ashok Jaiswal mortgages land to secure the facilities.

- Disclosed as contingent liability in financial statements—no immediate operational impact.