Final milestone achieved by Supreme Infrastructure India Ltd for payment of balance settlement dues to lenders of company

Supreme Infrastructure India Limited ("SIIL" or "the Company") is pleased to announce that it has achieved the final financial milestone towards implementation of its Scheme of Compromise and Arrangement with its lenders.

With the support of its promoter group, the Company has created a Fixed Deposit of Rs. 120 Crores with the Lead Bank (State Bank of India), sufficient to meet the balance settlement obligations payable to the remaining lenders under the Scheme.

The Fixed Deposit has been created in full satisfaction of the Company's funding obligations under the sanctioned Scheme and has been earmarked exclusively for facilitating the completion of payments to the remaining lenders upon completion of the requisite banking and escrow formalities (escrow agent being SBICAP Trustee Company Limited).

The matter was listed before the Hon'ble Company Court on 20 July 2026. During the hearing, the Hon'ble Court took on record the creation of the Fixed Deposit and granted time until 17 August 2026 for completion of the remaining procedural formalities by the concerned banks and stakeholders to enable full implementation of the Scheme.

With the required funds now secured and made available, the Company believes that the balance process is primarily procedural in nature and is expected to result in the successful completion of the Scheme within the timeline granted by the Hon'ble Company Court.

The management of Supreme Infrastructure India Limited expresses its sincere appreciation to its lenders, regulators, shareholders, investors and all other stakeholders for their continued support, cooperation and confidence throughout this restructuring process.

The Company remains committed to completing the remaining formalities expeditiously and to pursuing its long-term strategy of financial restructuring, operational revival and sustainable value creation for all stakeholders.

Shares of Supreme Infrastructure India Limited was last trading in BSE at Rs. 78.93 as compared to the previous close of Rs. 80.05. The total number of shares traded during the day was 1160 in over 28 trades.

The stock hit an intraday high of Rs. 81.17 and intraday low of 78.77. The net turnover during the day was Rs. 91674.00.

Source : Equity Bulls

Keywords

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