MUMBAI – Sanmit Infra Limited announced significant corporate changes following its board meeting on February 4, 2026. The company confirmed the exit of its CEO and a major restructuring of its equity capital to improve market positioning.
Leadership Transition
The Board formally recorded the resignation of CEO Shlok Sanjay Makhiya, effective December 31, 2025. Mr. Makhiya stepped down to pursue other professional engagements. In a parallel move, Nandkumar Gorkhnath Patil has been appointed as an Additional Non-Executive Independent Director for a five-year term, effective immediately.
Capital Restructuring: 10:1 Share Consolidation
To streamline its share capital, Sanmit Infra has recommended a 10:1 share consolidation.
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The Proposal: Every 10 equity shares with a face value of Re 1 will be consolidated into one equity share with a face value of Rs 10.
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EGM Date: The proposal is subject to shareholder approval at an Extraordinary General Meeting (EGM) scheduled for March 18, 2026.
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Objective: The move is intended to consolidate the company’s penny-stock base and potentially attract more institutional interest.
Financial Support
The Board also disclosed receiving a Letter of Intent from SIDBI for a ₹200 lakh term loan. The funds are earmarked for working capital requirements at the company’s manufacturing facility in Khalapur, Maharashtra, carrying an interest rate of 8.85% per annum.
