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.

Supreme infrastructure India Limited has secured in-principle approval from both major stock exchanges for listing additional equity shares issued through preferential allotment. The company announced this development through regulatory filings dated February 6, 2026.

Listing Approval Details

The company received approval from BSE Limited and National Stock Exchange of India Limited for listing 71,037,388 equity shares of Rs. 10 each. These shares were issued on a preferential basis at a premium of Rs. 76.94 per share to both promoter and non-promoter investors.

Exchange Communications

BSE Limited issued its approval letter on February 5, 2026, under reference LOD/PREF/PR/FIP/1645/2025-26. The exchange emphasized compliance with Regulation 167 of SEBI (ICDR) Regulations and noted that companies must file shareholding patterns in XBRL mode if there is a change exceeding two percent of total paid-up share capital.

National Stock Exchange of India Limited also granted in-principle approval on the same date under reference NSE/LIST/52696. Both exchanges have outlined specific conditions that must be fulfilled before trading approval is granted.

Compliance Requirements

Before trading approval, Supreme Infrastructure India Limited must submit several documents to the exchanges:

• Confirmation letters from NSDL/CDSL regarding crediting shares to beneficiary accounts
• Admission of capital to the depository system
• Lock-in confirmation for pre-preferential holdings where applicable
• Cross-listing approval from the other exchange

Regulatory Timeline

As per SEBI circular dated June 21, 2023, listed entities must apply for trading approval within seven working days from the date of listing approval. Non-compliance with this requirement will attract penalties as specified in the regulatory circular.

The company's Chief Financial Officer, Siddharth Jain, signed the regulatory filing informing the exchanges about the receipt of in-principle approvals. Supreme Infrastructure India Limited is incorporated under CIN L74999MH1983PLC029752 and is headquartered in Mumbai.