Supreme Infrastructure India Limited has informed the Exchange about General Updates
SUPREMEINF · price
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Supreme Infrastructure India Limited has constituted a Committee of Independent Directors (IDC) to evaluate and provide a reasoned recommendation on the ongoing Open Offer. The Open Offer is for the acquisition of up to 66,81,577 equity shares (representing 26% of the pre-preferential share capital) at a price of ₹97.60 per share, made by the Acquirers along with Persons Acting in Concert (PACs) under SEBI Takeover Regulations. The Board noted the Detailed Public Statement (DPS) dated December 23, 2025, published by the Manager to the Offer. The IDC, chaired by Sushil Kumar Mishra with three other independent directors, will publish its recommendation within the SEBI-prescribed timeline.
Shareholders should watch for the IDC's reasoned recommendation on whether to tender their shares in the Open Offer at ₹97.60 per share, as this will be a key reference point for their decision. The formation of the IDC is a routine regulatory step in any open offer process and does not itself impact the stock price.