Supreme Infrastructure India Allots 7.67 Lakh Equity Shares Following Warrant Conversion
Supreme Infrastructure India Limited has allotted 7,67,000 equity shares to Mr. Vikas Vijaykumar Khemani following warrant conversion for Rs. 5,00,12,235. The Board approved this conversion on March 31, 2026, at an exercise price of Rs. 65.205 per warrant. Post-allotment, the company's paid-up capital increased to Rs. 97,50,27,600 with 9,75,02,760 equity shares. Mr. Khemani retains 21,08,547 warrants pending conversion from his original holding of 28,75,547 warrants.
*this image is generated using AI for illustrative purposes only.
Supreme infrastructure India Limited has successfully completed the allotment of 7,67,000 equity shares following the conversion of warrants by Mr. Vikas Vijaykumar Khemani. The Board of Directors approved this conversion in their meeting held on March 31, 2026, which commenced at 05:00 PM and concluded at 05:35 PM.
Warrant Conversion Details
The conversion involved 7,67,000 warrants being exercised into an equal number of equity shares with a face value of Rs. 10 each. The allotment was made for cash upon receipt of the remaining exercise price of Rs. 65.205 per warrant, representing 75% of the total warrant exercise price of Rs. 86.94 per warrant.
| Parameter: | Details |
|---|---|
| Warrants Converted: | 7,67,000 |
| Exercise Price per Warrant: | Rs. 65.205 |
| Total Amount Received: | Rs. 5,00,12,235 |
| Face Value per Share: | Rs. 10 |
| Allottee: | Mr. Vikas Vijaykumar Khemani |
| Allottee Category: | Non-promoter |
Impact on Share Capital
Following this conversion, the company's capital structure has been significantly enhanced. The issued, subscribed and paid-up equity share capital now stands at Rs. 97,50,27,600, comprising 9,75,02,760 fully paid-up equity shares of Rs. 10 each. The newly allotted equity shares rank pari passu in all respects with existing equity shares, including dividend rights.
Outstanding Warrant Position
Mr. Vikas Khemani continues to hold a substantial warrant position even after this conversion. The current status shows:
| Warrant Status: | Count |
|---|---|
| Warrants Held Prior to Conversion: | 28,75,547 |
| Warrants Converted: | 7,67,000 |
| Warrants Pending for Conversion: | 21,08,547 |
Regulatory Compliance
The allotment has been conducted in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has also adhered to the requirements of SEBI Master Circular SEBI/HO/CFD/PoD2/CIR/P/2023/120 dated July 11, 2023, and SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023.
The warrants carry a tenure of 18 months from the date of allotment, with each warrant providing the right to subscribe to one equity share. The original warrant structure required 25% payment at subscription, with the remaining 75% payable upon exercise. Any unexercised warrants will lapse after the 18-month period, with the paid amounts being forfeited by the company.
Historical Stock Returns for Supreme Infrastructure
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.76% | -2.52% | -25.86% | -41.72% | -43.12% | +318.92% |
Will Mr. Khemani exercise his remaining 21,08,547 warrants before the 18-month expiry period, and how might this impact the company's shareholding pattern?
How does Supreme Infrastructure plan to utilize the Rs. 5 crore raised from this warrant conversion for its business expansion or debt reduction?
What could be the potential market reaction to Mr. Khemani's increased stake as a non-promoter investor in Supreme Infrastructure?
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