Outcome of Board meeting
SUPREMEINF · price
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Supreme Infrastructure India Limited's Board, at its meeting on March 31, 2026, approved the allotment of 7,67,000 equity shares (face value Rs. 10 each) to Mr. Vikas Vijaykumar Khemani, a non-promoter, upon conversion of an equal number of warrants. The allottee paid Rs. 65.205 per warrant (75% of the total warrant exercise price of Rs. 86.94), aggregating to about Rs. 5 crore in this tranche. As a result, the company's paid-up equity capital has risen to Rs. 97.50 crore, comprising 9.75 crore equity shares. Mr. Khemani still holds 21,08,547 warrants that are pending conversion within the 18-month tenure.
This is a routine warrant-to-equity conversion that results in a small dilution (less than 1% increase in share count) and brings in fresh capital of around Rs. 5 crore from an existing warrant holder. It is not a new fundraising event but the completion of a previously committed preferential issue, so the stock price impact is likely to be minimal.