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 4.5 pts more than Nifty Microcap 250 and 5.0 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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Supreme Infrastructure has completed a large preferential allotment at Rs. 86.94 per share (face value Rs. 10, premium Rs. 76.94). The Board allotted 98.34 lakh shares to promoters for cash (~Rs. 85.5 cr), 296.30 lakh shares to non-promoters for cash (~Rs. 257.6 cr), and 45.43 lakh shares to banks (SBI, Union Bank, Bank of India) by converting secured loans into equity (~Rs. 39.5 cr). Promoters also got 270.30 lakh shares (~Rs. 235 cr) by converting their unsecured loans into equity. Additionally, 126.52 lakh warrants were issued to promoters and 94.61 lakh warrants to non-promoters, convertible into equal number of equity shares at the same price. Notable non-promoter investors include Kitara PIIN-1102/1103, Ovata Equity Strategies Master Fund, Niveshaay Hedgehogs Fund, and Vikas Khemani. Promoters separately infused extra funds for non-core asset sales to help resolve debt with lenders.
This is a major capital infusion combined with debt-to-equity conversion, which should meaningfully reduce the company's debt burden and bring banks onto the cap table as shareholders. However, the scale of new shares and outstanding warrants represents significant dilution for existing shareholders, and the warrants, if converted, would expand the equity base further.