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SUPREMEINF - Supreme Infra.

📊 NSE: SUPREMEINF 🏢 Engineering - Turnkey Services 📅 Last Updated: 12/14/2025 13:54

📢 Recent Corporate Announcements

Supreme Infrastructure Q3 Results: Auditors Flag Major Irregularities and Insolvency Risks

🔴 NEGATIVE ⭐ 9/10

EARNINGS 📅 13 Feb 2026, 11:30 PM

Supreme Infrastructure's Q3 FY26 results are overshadowed by severe auditor qualifications regarding the company's financial health. The auditors highlighted a massive overstatement of profit and net worth by ₹2,78,805.87 lakhs due to improper interest reversals and non-accrual of current interest. Furthermore, the company faces significant exposure to subsidiaries SIBPL and SPITPL, both of which are under insolvency proceedings (CIRP), with investments and receivables exceeding ₹1,60,000 lakhs at risk. With accumulated losses of ₹93,378.27 lakhs and long-overdue receivables of ₹75,705.87 lakhs, the company's ability to continue as a going concern is under material uncertainty.

Profit and net worth overstated by ₹2,78,805.87 lakhs due to unconfirmed interest reversals from three lenders.
Exposure of ₹142,556.84 lakhs in SIBPL and ₹15,677.22 lakhs in SPITPL, both currently under Corporate Insolvency Resolution Process (CIRP).
Long-overdue trade receivables of ₹75,705.87 lakhs have no Expected Credit Loss (ECL) adjustments despite lack of movement.
Failure to recognize a liability for a ₹26,191.13 lakhs corporate guarantee invoked by a lender of an erstwhile subsidiary.
Accumulated losses reach ₹93,378.27 lakhs, leading to a material uncertainty regarding the company's status as a going concern.

💡 Investors should exercise extreme caution as the auditor's modified conclusion suggests the financial statements may not accurately reflect the company's dire fiscal position. The high level of debt, insolvency of subsidiaries, and massive potential liabilities make this a high-risk situation.

Supreme Infrastructure Gets In-Principle Approval to List 7.1 Crore Equity Shares

🟢 POSITIVE ⭐ 7/10

FUNDRAISE 📅 06 Feb 2026, 01:10 PM

Supreme Infrastructure India Limited has received in-principle approval from both BSE and NSE for the listing of 7,10,37,388 equity shares. These shares were issued on a preferential basis to promoters and non-promoters at a face value of Rs. 10 plus a premium of Rs. 76.94 per share. This move follows the company's efforts to restructure its capital and raise funds. Trading of these shares will be permitted once the company receives final credit confirmation from depositories like NSDL and CDSL.

Received in-principle approval for listing 7,10,37,388 equity shares of Rs. 10 each.
Shares were issued at a premium of Rs. 76.94 per share, totaling an issue price of Rs. 86.94.
The preferential allotment includes both Promoter and Non-promoter categories.
Trading approval is pending final confirmation of share credits from NSDL and CDSL.
Company must file shareholding patterns if the change exceeds 2% of total paid-up capital.

💡 Investors should note the significant equity dilution resulting from this large issuance but view the regulatory progress as a positive step for the company's capital restructuring. Monitor the upcoming trading approval date for potential impact on liquidity.

Supreme Infrastructure Concludes 42nd AGM; Shareholders Approve Increased Borrowing Powers

🟡 NEUTRAL ⭐ 4/10

ROUTINE 📅 30 Jan 2026, 06:05 PM

Supreme Infrastructure India Limited conducted its 42nd Annual General Meeting on January 28, 2026, with 103 members in attendance. Key outcomes include the adoption of audited financial statements for the fiscal year ended March 31, 2025, and the re-appointment of Mr. Bhawani Shankar Harishchandra Sharma as a Director. Notably, shareholders passed a special resolution to increase the company's borrowing powers under Section 180 of the Companies Act. The company also secured approval for the continuation of Mr. Sharma as a director beyond the age of 75.

42nd AGM held on January 28, 2026, with 103 members attending via video conferencing.
Shareholders approved a Special Resolution to increase the company's borrowing powers under Section 180.
Adoption of audited standalone financial statements for the financial year ended March 31, 2025.
Special Resolution passed for the continuation of Mr. Bhawani Shankar Sharma as Director post age 75.
Appointment of M/s Amruta Giradkar and Associates as Secretarial Auditors for the company.

💡 Investors should monitor the company's future debt-raising activities and leverage ratios following the approved increase in borrowing limits. Review the FY25 financial statements for any signs of operational improvement or debt restructuring progress.

Supreme Infrastructure India Concludes 42nd AGM; Proposes Increase in Borrowing Powers

🟡 NEUTRAL ⭐ 4/10

ROUTINE 📅 28 Jan 2026, 06:02 PM

Supreme Infrastructure India Limited held its 42nd Annual General Meeting on January 28, 2026, with 103 members in attendance. Key resolutions included the adoption of standalone financial statements for the fiscal year ended March 31, 2025. Notably, the company sought shareholder approval for a special resolution to increase its borrowing powers under Section 180 of the Companies Act. Other items included the appointment of a new Independent Director and the re-appointment of retiring directors.

42nd AGM held on Jan 28, 2026, with 103 members attending via video conferencing.
Adoption of audited standalone financial statements for the financial year ended March 31, 2025.
Proposed special resolution to increase the company's borrowing powers under Section 180.
Appointment of Mr. Chander Prakash Sharma as an Independent Director and re-appointment of Mr. Bhawani Shankar Harishchandra Sharma.

💡 Investors should monitor the official voting results, particularly regarding the increase in borrowing powers, to understand the company's future leverage and capital plans.

Supreme Infrastructure Reports Major SDD Compliance Gap with Only 1 of 10 Events Captured

🔴 NEGATIVE ⭐ 6/10

REGULATORY 📅 14 Jan 2026, 02:22 PM

Supreme Infrastructure India Limited has filed its Structured Digital Database (SDD) compliance certificate for the period April 1, 2025, to January 13, 2026. The report highlights a significant regulatory lapse, as the company captured only 1 out of 10 required events involving Unpublished Price Sensitive Information (UPSI). While the company has a non-tamperable database system in place, the 90% failure rate in recording mandatory events violates SEBI (Prohibition of Insider Trading) Regulations. This indicates potential weaknesses in the company's internal governance and compliance monitoring frameworks.

Company failed to record 9 out of 10 required UPSI events in the Structured Digital Database.
The review period covers April 1, 2025, to January 13, 2026.
Compliance certificate was issued by Practising Company Secretary Amruta Giradkar.
The existing SDD system is reportedly non-tamperable and capable of maintaining records for 8 years despite the missing entries.
Non-compliance with SEBI PIT Regulations may lead to regulatory scrutiny or penalties.

💡 Investors should exercise caution as the high rate of non-compliance regarding insider trading records suggests weak internal controls. Monitor for any subsequent show-cause notices or penalties from SEBI that could impact the company's reputation.

Supreme Infrastructure Files Q3 FY26 Share Dematerialization Compliance Certificate

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 13 Jan 2026, 04:49 PM

Supreme Infrastructure India Limited has submitted its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. The filing, covering the quarter ended December 31, 2025, confirms that the company's Registrar and Share Transfer Agent, Bigshare Services Private Limited, has processed all dematerialization requests. The certificate verifies that physical share certificates were mutilated and cancelled within the mandated 15-day period. This is a standard procedural filing required for all listed companies to ensure the integrity of electronic shareholding records.

Quarterly compliance certificate submitted for the period ending December 31, 2025.
Registrar and Share Transfer Agent (RTA) Bigshare Services confirmed processing of all demat requests.
Physical certificates were mutilated and cancelled within 15 days of receipt as per SEBI norms.
The name of the depositories has been substituted in the register of members as the registered owner.

💡 No action is required from investors as this is a routine regulatory filing with no impact on the company's financial health or operations.

Supreme Infrastructure to Hold 42nd AGM on Feb 6, 2026; Issues Notice on Unclaimed Dividends

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 07 Jan 2026, 05:59 PM

Supreme Infrastructure India Limited has announced its 42nd Annual General Meeting (AGM) scheduled for February 06, 2026. The company has published newspaper advertisements regarding the AGM notice and the mandatory transfer of shares to the Investor Education and Protection Fund (IEPF) for dividends unclaimed since FY 2017-18. Shareholders have been notified to claim their unpaid dividends before the transfer process is initiated. Remote e-voting facilities will be available for eligible shareholders to participate in the meeting's resolutions.

42nd Annual General Meeting (AGM) scheduled for February 06, 2026
Remote e-voting period set from February 03, 2026 (9:00 AM) to February 05, 2026 (5:00 PM)
Cut-off date for determining shareholder eligibility for voting is January 30, 2026
Notice issued for transfer of shares to IEPF for dividends remaining unclaimed for seven consecutive years
Advertisements published in Financial Express (English) and Mumbai Lakshdeep (Marathi)

💡 Shareholders should verify if they have any unclaimed dividends on the company's website to avoid the transfer of shares to the IEPF. Eligible voters should ensure they participate in the remote e-voting process during the specified window in February.

Supreme Infrastructure to Hold AGM on Jan 28; Proposes ₹5,000 Cr Borrowing Limit

🔵 WATCH ⭐ 7/10

BOARD_MEETING 📅 06 Jan 2026, 01:44 PM

Supreme Infrastructure India Limited has scheduled its 42nd Annual General Meeting (AGM) for January 28, 2026. The company is seeking shareholder approval for a significant increase in its borrowing limit to ₹5,000 crores, superseding a decade-old resolution from 2014. Other key agenda items include the adoption of FY 2024-25 financial results and the appointment of Mr. Chander Prakash Sharma as an Independent Director for a five-year term. The record date for voting eligibility is fixed as January 21, 2026.

42nd AGM scheduled for January 28, 2026, via video conferencing.
Special resolution proposed to increase borrowing powers up to ₹5,000 crores.
Record date for determining shareholder voting rights is January 21, 2026.
Appointment of Mr. Chander Prakash Sharma as Independent Director for a term ending November 2030.
Ratification of Cost Auditor remuneration at ₹50,000 for the upcoming financial year.

💡 Investors should monitor the company's explanation for the substantial ₹5,000 crore borrowing limit and review the FY25 annual report for signs of debt restructuring or expansion plans.

Supreme Infrastructure India Ltd to Hold 42nd AGM on Jan 28, 2026; Record Date Jan 21

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 06 Jan 2026, 01:38 PM

Supreme Infrastructure India Limited has announced its 42nd Annual General Meeting (AGM) scheduled for January 28, 2026, to be held via video conferencing. The company has fixed January 21, 2026, as the cut-off record date to determine shareholder eligibility for remote e-voting. Additionally, the share transfer books will remain closed from January 22 to January 28, 2026. The meeting will primarily focus on the audited financial statements for the fiscal year ended March 31, 2025.

42nd Annual General Meeting (AGM) scheduled for January 28, 2026, via VC/OAVM.
Record date for e-voting eligibility fixed as Wednesday, January 21, 2026.
Book closure period set from January 22, 2026, to January 28, 2026.
The meeting pertains to the Audited Financial Statements for the financial year ended March 31, 2025.

💡 This is a routine regulatory filing; shareholders should review the annual report once received via email and participate in the e-voting process by the January 21 cut-off.

Supreme Infrastructure Forms IDC for Open Offer to Acquire 26% Stake at ₹97.60 Per Share

🔵 WATCH ⭐ 8/10

M&A 📅 03 Jan 2026, 07:08 PM

Supreme Infrastructure India Limited has constituted a Committee of Independent Directors (IDC) to evaluate an Open Offer for the acquisition of up to 66,81,577 equity shares. This represents 26% of the company's pre-preferential share capital at an offer price of ₹97.60 per share. The IDC, chaired by Sushil Kumar Mishra, is tasked with providing a reasoned recommendation to shareholders regarding the offer's fairness. This move follows the Detailed Public Statement issued on December 23, 2025, under SEBI (SAST) Regulations.

Open Offer to acquire 66,81,577 equity shares representing 26% of pre-preferential capital
Offer price set at ₹97.60 per equity share of ₹10 face value
Committee of Independent Directors (IDC) formed with 4 members to provide recommendations
IDC chaired by Sushil Kumar Mishra to ensure compliance with SEBI (SAST) Regulations
Detailed Public Statement (DPS) for the offer was previously published on December 23, 2025

💡 Investors should compare the current market price with the offer price of ₹97.60 and wait for the IDC's formal recommendation before deciding whether to tender their shares.

Supreme Infrastructure Announces Trading Window Closure from January 1, 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 29 Dec 2025, 11:50 AM

Supreme Infrastructure India Limited has announced the closure of its trading window for all designated persons starting January 1, 2026. This action is a routine regulatory requirement under SEBI (Prohibition of Insider Trading) Regulations, 2015, ahead of the financial results for the quarter ending December 31, 2025. The window will remain closed until 48 hours after the board meeting where the unaudited financial results are approved. The date for the upcoming board meeting has not yet been finalized and will be communicated later.

Trading window closure effective from Thursday, January 1, 2026
Closure pertains to the financial results for the quarter ended December 31, 2025
Window to reopen 48 hours after the conclusion of the board meeting
Applies to all Designated Persons of the company as per SEBI regulations

💡 This is a standard regulatory filing and requires no action from retail investors. Monitor future announcements for the specific date of the Q3 financial results board meeting.

Supreme Infra Secures ₹71.30 Crore Order for Powai Project

🟢 POSITIVE ⭐ 7/10

EXPANSION 📅 11 Dec 2025, 11:11 AM

Supreme Infrastructure India Ltd. has secured a major order worth ₹71.30 crore for the One Forest Avenue project in Powai. The Letter of Intent (LOI) was received from Brookfield-backed BSS Property Ventures and Rajeshwar Property Ventures. The project involves excavation of 450,000 Cubic Meters and installation of 300 mm diameter shore piling. This contract is expected to boost the company's order book and revenue visibility for the upcoming fiscal year, enhancing topline growth prospects.

Secured order worth ₹71.30 Crore for One Forest Avenue Project.
Excavation of 450,000 Cubic Meters of soil and rock.
Installation of 300 mm diameter shore piling with 15 meters average depth.
Contract awarded by Brookfield-backed BSS Property Ventures and Rajeshwar Property Ventures.

💡 This order improves Supreme Infrastructure's revenue visibility; investors should monitor the company's progress on this project and its impact on future earnings. Keep an eye on further contract wins in the high-margin commercial real estate sector.

Supreme Infra secures ₹71.31 Crore contract for excavation work

🟢 POSITIVE ⭐ 6/10

EXPANSION 📅 10 Dec 2025, 11:12 AM

Supreme Infrastructure India Limited has secured a contract worth ₹71.31 crore for major excavation and shore piling works at One Forest Avenue, Powai. The contract was awarded by BSS Property Ventures Private Limited and Rajeshwar Property Ventures Private Limited. The project involves excavation of 4,50,000 Cubic Meters and shore piling with an average depth of 15 meters. The project is expected to be completed in 12 months and represents the first phase of a larger development.

Secured contract of ₹71.31 Crore
Excavation of 4,50,000 Cubic Meters
Shore piling with an avg depth of 15 meters
Project to be completed over a period of 12 months

💡 This new contract is a positive sign for Supreme Infrastructure. Investors should monitor the company's progress in executing this project and its impact on future revenue.

SUPREMEINF Board Meeting Outcome: NCD Issuance, Financial Results & Director Appointment

🔵 WATCH ⭐ 6/10

BOARD_MEETING 📅 01 Dec 2025, 11:51 AM

Supreme Infrastructure India Limited's board approved the unaudited financial results for the quarter and half year ended September 30, 2025. The board also approved the appointment of Mr. Chander Parkash Sharma as an Additional Non-Executive Director, effective November 28, 2025. A key decision was the approval for issuing Non-Convertible Debentures (NCDs) on a private placement basis, for an aggregate amount not exceeding ₹45 crores. However, the auditor's report contains modified conclusions regarding trade receivables and investments in subsidiaries.

Approved NCD issuance up to ₹45 crores.
Appointed Mr. Chander Parkash Sharma as Additional Non-Executive Director effective November 28, 2025.
Trade receivables include ₹75,744.39 lakhs outstanding for a substantial period.
Non-current investments in Supreme Infrastructure BOT Private Limited amount to ₹142,556.84 lakhs.

💡 Investors should closely monitor the company's ability to recover its trade receivables and the performance of its investments in subsidiaries, as highlighted in the modified review conclusion. Also, keep an eye on the terms and utilization of the ₹45 crore NCD issuance.

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💰 Financial Performance

Revenue Growth by Segment

Standalone revenue for Q2 FY17 was INR 194.05 Cr, representing a 41.8% YoY decline from INR 333.65 Cr. Segmental order book as of Sept 2016 was dominated by Roads/Bridges at INR 2,264 Cr (68%), followed by Buildings at INR 736 Cr (22%), Power at INR 236 Cr (7%), and Railways at INR 64 Cr (2%).

Geographic Revenue Split

The order book as of Sept 2016 shows a heavy concentration in the West region at 72%, followed by the East at 16% and the North at 12%.

Profitability Margins

Consolidated Q2 FY26 income was INR 13.56 Cr against expenses of INR 173.70 Cr, resulting in a loss before tax of INR 160.15 Cr. However, a massive exceptional gain led to a PAT of INR 6,305.92 Cr. Historically, EBITDA margins declined from 21.8% in Q2 FY16 to 15.8% in Q2 FY17.

EBITDA Margin

EBITDA margin for Q2 FY17 was 15.8%, a decrease of 604 bps from 21.8% in Q2 FY16. EBITDA fell 57.9% YoY to INR 30.65 Cr.

Capital Expenditure

Historical project costs for BOT portfolios include INR 1,206 Cr for Panvel Indapur and INR 1,045 Cr for Jaipur Ring Road. Recent specialized piling contracts like One Forest Avenue (INR 71.31 Cr) indicate a shift toward high-margin foundation works.

Credit Rating & Borrowing

Borrowing costs are high, evidenced by a 20% per annum coupon rate on INR 25 Cr of Secured Non-Convertible Debentures (NCDs) issued in Dec 2025. Historical interest costs were INR 67.77 Cr in Q2 FY17, up 7.2% YoY.

⚙️ Operational Drivers

Raw Materials

Key raw materials include aggregates, asphalt, and Ready-Mix Concrete (RMC). The company manages costs through backward integration, owning its own quarries, crushers, and hot mix plants.

Import Sources

Sourced locally across 13 operational states, primarily Maharashtra, Rajasthan, Punjab, and West Bengal, to support regional EPC projects.

Key Suppliers

Not disclosed in available documents; however, the company utilizes its own internal supply chain for aggregates and asphalt.

Capacity Expansion

Current capacity includes 11 BOT projects (4 operational, 7 under construction as of 2016). Specialized piling capacity is demonstrated by the 4,50,000 cubic meter excavation and 300 mm shore piling capability for the One Forest Avenue project.

Raw Material Costs

Raw material costs are managed through backward integration. Total expenses for Q2 FY26 were INR 173.70 Cr, significantly exceeding operational income of INR 13.56 Cr.

Manufacturing Efficiency

Efficiency is driven by the backward integrated model, allowing for better quality control and cost management in complex infrastructure projects.

Logistics & Distribution

Distribution is handled internally through a fleet supporting 13 states, primarily focused on the West region (72% of order book).

📈 Strategic Growth

Expected Growth Rate

5-7%

Growth Strategy

Growth is targeted through high-value specialized foundation and piling contracts (e.g., INR 71.31 Cr One Forest Avenue project) and a focus on high-margin commercial real estate sectors. The company is also undergoing financial and operational restructuring to stabilize its balance sheet, which currently shows negative reserves of INR 6,257.65 Cr.

Products & Services

EPC services for roads, highways, buildings, bridges, railways, power, and water infrastructure; specialized deep-excavation and geotechnical piling works.

Brand Portfolio

Supreme Infrastructure India Limited (SIIL).

New Products/Services

Expansion into high-margin commercial real estate foundation works, expected to contribute significantly to topline growth following the INR 71.31 Cr Brookfield-backed contract win.

Market Expansion

Targeting high-value urban infrastructure projects in Mumbai and specialized IT parks in West Bengal (INR 25.25 Cr) and Kolkata (INR 55.73 Cr).

Strategic Alliances

Strategic JV with 3i, which holds a 49% stake in several BOT projects including Ahmednagar Kopargoan and Ahmednagar Karmala.

🌍 External Factors

Industry Trends

The industry is shifting toward specialized EPC and foundation works. SIIL is positioning itself for high-margin commercial developments to offset the capital-intensive nature of traditional BOT projects.

Competitive Landscape

Competes with major EPC players for NHAI and PWD contracts; specialized competition in piling from geotechnical firms.

Competitive Moat

The primary moat is the backward integrated model (quarries and crushers), which provides a cost advantage over competitors who must source aggregates externally. This is sustainable as long as quarrying rights are maintained.

Macro Economic Sensitivity

Highly sensitive to government infrastructure spending and NHAI awarding cycles, as Roads/Bridges constitute 68% of the order book.

Consumer Behavior

Increased demand for world-class commercial infrastructure in Mumbai, driving the need for specialized deep-excavation services.

Geopolitical Risks

Primarily domestic risks related to state-level regulatory changes in the 13 states of operation.

⚖️ Regulatory & Governance

Industry Regulations

Subject to SEBI (LODR) Regulations 2015 and state-specific PWD/NHAI construction standards.

Environmental Compliance

Maintains ISO-9001/14001 and OHSAS-18001 certifications for quality and environmental management.

Legal Contingencies

The company is undergoing significant financial and operational restructuring, evidenced by negative reserves of INR 6,257.65 Cr and a massive exceptional gain of ~INR 6,466 Cr in Q2 FY26.

⚠️ Risk Analysis

Key Uncertainties

Financial stability is a major risk, with negative reserves of INR 6,257.65 Cr. Debt servicing at 20% interest rates poses a significant liquidity risk.