Shashijit Infraprojects Limited announced defaults on payment of interest/repayment of principal amount on loans from banks /financial institutions as on 5th and 6th October, 2023. Nature of default: Non-payment of EMI of Business Loan. Non-payment of Principal of Term Loan Estimated impact on the listed entity; The aforesaid default may affect the credit score of the Company.

However, the Company shall fulfill the aforesaid default at the earliest hence; it will not have any material impact on the Company. Time of occurrence; 5th and 6th October, 2023. Estimated amount involved (if any); INR 387,503.