Supreme Infrastructure India Limited has informed the Exchange regarding Board meeting held on July 03, 2025.
SUPREMEINF · price
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On the reaction day the stock moved 0.5 pts less than Nifty Microcap 250 and 0.2 pts more than its Civil Construction peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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The Board, at its meeting on July 3, 2025, approved a large preferential allotment of equity shares and convertible warrants at Rs. 86.94 each (face value Rs. 10, premium Rs. 76.94). Promoter group entities will get 98.34 lakh equity shares for cash (~Rs. 85.5 crore) and 1.27 crore warrants (~Rs. 110 crore), plus 2.70 crore equity shares (~Rs. 235 crore) by converting their unsecured loans into equity. Non-promoter investors will get 2.96 crore equity shares (~Rs. 257.6 crore) and 94.6 lakh warrants (~Rs. 82.25 crore) for cash. Lender banks (Union Bank, Bank of India, SBI) will receive 45.43 lakh equity shares (~Rs. 39.5 crore) by converting secured loans into equity. Total value of the preferential issuance is roughly Rs. 810 crore.
This is a major capital infusion that significantly dilutes existing shareholders but also reduces the company's debt through loan-to-equity conversion by both promoters and banks. Promoter confidence is reinforced through cash infusion and loan sacrifice, which should help in debt resolution. Short-term stock price may face pressure from the large dilution, while the long-term impact depends on how effectively the fresh capital and reduced leverage are deployed.