Supreme Infrastructure India Limited has informed the Exchange regarding Outcome of Board Meeting held on July 03, 2025.
SUPREMEINF · price
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Supreme Infrastructure India Limited's board, at its meeting on July 3, 2025, approved the allotment of equity shares and convertible warrants on a preferential basis at Rs. 86.94 per share (face value Rs. 10, premium Rs. 76.94). A total of about 9.85 crore equity shares were allotted across categories: 98.34 lakh shares to promoters for cash (~Rs. 85.5 crores), 2.96 crore shares to non-promoters for cash (~Rs. 257.6 crores), 2.70 crore shares to promoters by converting unsecured loans (~Rs. 235 crores), and 45.43 lakh shares to lender banks (Union Bank, Bank of India, SBI) by converting secured loans (~Rs. 39.5 crores). Additionally, 2.21 crore convertible warrants were allotted to promoters and non-promoters worth ~Rs. 192 crores, which can be converted into equity later. Promoters have also separately infused funds by monetizing non-core assets to help resolve the company's debt with lenders.
The large equity infusion and bank debt-to-equity conversion should meaningfully reduce the company's debt burden and strengthen the balance sheet, which is a positive for long-term shareholders. However, the massive size of the preferential issue (around 9.85 crore shares plus 2.21 crore warrants) will result in significant dilution for existing public shareholders, and warrants conversion could add further dilution in the future.