Supreme Infrastructure India Limited has informed the Exchange regarding Outcome of Board Meeting held on July 20, 2025.
SUPREMEINF · price
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The board informed that the NCLT-approved Scheme of Arrangement with financial creditors (approved on March 28, 2025) has been substantially implemented, with over 90% of payouts already completed. Only three lenders — State Bank of India, Punjab National Bank, and Union Bank of India — have minor pending amounts, which relate to margin money for securing outstanding bank guarantees. 100% of financial creditors have consented to extend the scheme by 90 days to wrap up these remaining obligations.
Positive development for shareholders — the company is nearing the end of a long-drawn debt resolution process, with the major portion already settled. Full closure in 90 days would remove a significant overhang on the stock, though the small pending margin money obligations still need to be cleared.