Shashijit Infraprojects Limited announced defaults on payment of interest/repayment of principal amount on loans from banks /financial institutions as on 1st and 2nd September, 2023. Nature of default: Non-payment of Partial Interest on Cash Credit (Revolving facility) of INR 337,504. EMI of Business Loan taken of 70,809.

EMI of Business Loan taken of 107,052. 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; 1st and 2nd September, 2023. Estimated amount involved (if any); INR 515,365.