Supreme infrastructure India Limited has announced a board meeting scheduled for March 31, 2026, to consider the conversion of warrants into equity shares. The company has formally communicated this development to both major stock exchanges in compliance with regulatory requirements.

Board Meeting Details

The meeting has been scheduled in accordance with Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The board will convene on Tuesday, March 31, 2026, with a specific focus on warrant conversion activities.

Agenda and Corporate Action

The primary agenda item for the board meeting involves the consideration and approval of converting existing warrants into equity shares, followed by the allotment of these newly converted equity shares. This corporate action represents a significant step in the company's capital structure management.

Regulatory Notifications

Supreme Infrastructure India Limited has duly informed both stock exchanges about the upcoming board meeting. The company submitted notifications to BSE Limited, referencing scrip code 532904, and to the National Stock Exchange of India Ltd, under the scrip symbol SUPREMEINF.

The formal communication was signed by Jai Vaidya, Assistant Company Secretary, ensuring proper corporate governance protocols are followed. The company's headquarters are located at Supreme House, Plot No.94/C, Pratap Gad, I.I.T. Main Gate, Powai, Mumbai, and it operates under CIN: L74999MH1983PLC029752.

Supreme Infrastructure India Limited announced its unaudited financial results for the third quarter and nine months ended December 31, 2025, following a Board of Directors meeting held on February 13, 2026. The company demonstrated significant revenue growth while continuing to face operational challenges amid ongoing debt restructuring efforts.

Financial Performance Overview

The company's quarterly performance reflected both progress and ongoing difficulties in its operational landscape.

Nine-Month Performance Highlights

For the nine-month period ended December 31, 2025, Supreme Infrastructure India Limited demonstrated remarkable financial transformation, primarily attributed to exceptional items.

Exceptional Items and Debt Restructuring

The company's financial performance was significantly influenced by exceptional items totaling ₹6,46,563.62 lakhs for the nine-month period. These exceptional gains primarily comprised:

• Reversal of interest and principal amounting to ₹3,67,801.46 lakhs arising from partial implementation of the Scheme of Arrangement
• Additional interest reversal of ₹2,78,805.87 lakhs for three lenders pending final No Dues Certificates
• Compensation payments of ₹43.70 lakhs for trade payable settlements

Scheme of Arrangement Implementation

The National Company Law Tribunal, Mumbai Bench approved the Scheme of Arrangement under Sections 230 to 232 of the Companies Act, 2013 on March 28, 2025. Under this scheme:

• Full payments made to 11 out of 14 financial creditors who provided final No Dues Certificates
• Partial payments completed for remaining 3 lenders with extension sought
• Charge releases obtained on equipment, machinery, immovable assets, and promoter pledges
• Company's debt reduced to settlement amounts as per the approved scheme

Capital Structure Changes

During the previous quarter, the company strengthened its capital base through preferential allotment:

Operational Challenges and Auditor Concerns

The independent auditors issued a modified review conclusion highlighting several material concerns:

• Outstanding trade receivables of ₹75,705.87 lakhs requiring expected credit loss assessment
• Investments in erstwhile subsidiaries SIBPL (₹142,556.84 lakhs) and SPITPL (₹15,677.22 lakhs) under Corporate Insolvency Resolution Process
• Corporate guarantees totaling ₹1,53,315.69 lakhs for subsidiary borrowings
• Non-compliance with annual return filing requirements

Going Concern and Future Outlook

Despite accumulated losses of ₹93,378.27 lakhs, the company maintains a positive net worth of ₹29,747.77 lakhs as of December 31, 2025. Management believes the going concern basis remains appropriate based on:

• Partial implementation of the debt restructuring scheme
• Future business continuity prospects
• Exit of majority financial creditors following scheme implementation
• Expected completion of pending lender settlements

The company operates primarily in the engineering and construction segment, which management notes is substantially seasonal in character, leading to quarterly variations in financial performance.