TechPrecision Corporation Loan Agreement Amendment

On September 15, 2026, TechPrecision Corporation, through its subsidiary Ranor, Inc. and other affiliates as Borrowers, entered into a Fifteenth Amendment to Amended and Restated Loan Agreement and Eleventh Amendment to Second Amended and Restated Promissory Note with Beacon Bank & Trust. This amendment extends the maturity date of the revolving line of credit loan (Revolver Loan) from September 15, 2026, to October 16, 2026. The amendment also addresses existing defaults related to debt service coverage ratio and balance sheet leverage, with the Borrowers acknowledging these defaults and Beacon Bank reserving its rights and remedies. The agreement includes provisions for fees and expenses, and reaffirms all existing security for the loans. Guarantors have also consented to the amendment and waived certain rights.