Supreme Infrastructure India Limited has informed the Exchange regarding Board meeting held on Jun 10, 2025.
SUPREMEINF · price
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Awaiting price reaction for this filing.
Supreme Infrastructure India's board approved unaudited financial results for Q3FY25 (quarter ended Dec 31, 2024) and 9MFY25, and fixed the AGM on July 5, 2025. Revenue from operations for Q3FY25 stood at ₹714.85 lakhs, down from ₹1,019.41 lakhs in the previous quarter. The company reported a net loss of ₹36,186.51 lakhs for the quarter and ₹1,05,353.58 lakhs for the nine months ended December 31, 2024, with accumulated losses of ₹6,41,803.78 lakhs fully eroding its net worth. Auditors issued a modified review opinion flagging ₹75,881.10 lakhs in long-outstanding trade receivables, material uncertainty on going concern, and non-inclusion of two erstwhile subsidiaries (SIBPL and SPITPL) which are under CIRP. The board cited NCLT-approved Scheme of Arrangement (March 28, 2025) and expected promoter equity infusion as the basis for continuing on a going concern basis.
This is a deeply negative filing for shareholders. The company is in severe financial distress with widening quarterly losses (~₹36 crore per quarter), fully eroded net worth, and ongoing insolvency of two key subsidiaries. While the NCLT-approved debt restructuring scheme offers a theoretical recovery path, execution risk is very high and a material going concern doubt has been flagged by auditors. Investors should expect continued stock price pressure and high risk of value erosion.