Supreme Infrastructure India Limited — Others, 19-06-2025: Corrigendum

Supreme Infrastructure India Limited has announced a board meeting on July 5, 2025, to approve the financial results for the quarter and half-year. The company issued a corrigendum regarding a previous Extraordinary General Meeting held on October 21, 2024, correcting details on its preferential allotment of up to 12.75 crore equity shares and convertible warrants at Rs. 86.94 per share, aggregating to an issue size of approximately Rs. 1,108 Cr. The proceeds will be primarily used to repay lender liabilities (Rs. 650 Cr), support working capital needs (Rs. 50 Cr), redeem preference shares (Rs. 50 Cr), and fund general corporate purposes (Rs. 83.84 Cr). Post-issue shareholding will see promoters holding 52.15% and non-promoters 47.85%. The valuation report confirms the issue price is justified and above floor price.