Supreme Infrastructure gets 60-day extension to complete lender settlement scheme
SUPREMEINF · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The company told exchanges that three remaining lenders have agreed in-principle to a 60-day extension to complete its Scheme of Arrangement/Compromise with lenders under Section 230 of the Companies Act, 2013. NCLT had passed an order on May 11, 2026. The company has made substantial payments and has balance funds ready, but lenders needed more time for internal approvals. A Court-Appointed Commissioner reviewed the status and recommended the extension based on the company's bona fide conduct.
Mildly positive — funds and intent are in place, but the 60-day delay extends uncertainty until settlement closes, which may cap near-term upside.