SMT Engineering Ltd

SMT Engineering’s Subsidiary Secures ₹45.33 Cr Credit Facility with Property Mortgage 🏢

- Sai Machine Tools Pvt Ltd (SMT Engineering’s subsidiary) executed an Equitable Mortgage with Punjab National Bank.

- The mortgage secures an existing credit facility of ₹45.33 Crores.

- Mortgaged properties include industrial plots in Indore (28,340 Sq.ft., 5,200 Sq.ft., and 10,010 Sq.ft.).

- Promoters also pledged personal properties as additional security.

- The mortgage was finalized on December 4, 2025.