Supreme Infrastructure India Limited — Important, 25-10-2024: Financial Result Updates

Supreme Infrastructure India Limited's Board approved un-audited financial statements for Q1 2024, reporting a loss of ₹35,094.70 lakhs. The Company Secretary, Mamta Chaoji, resigned, and the Board expressed appreciation for her service. The company faces financial instability with accumulated losses of ₹571,544.87 lakhs and corporate insolvency processes affecting its subsidiaries, raising concerns about its ability to continue as a going concern. Management is exploring restructuring plans with lenders for future viability.