Supreme Infrastructure India Limited — Important, 14-08-2025: Updates

Company's Q1 results show a net loss of ₹399.91 Cr. Auditors highlighted 'material uncertainty' over the company's future operations, citing ₹7,190.93 Cr accumulated losses and ongoing debt defaults. Auditors also raised concerns about recoverability of significant trade receivables (~₹758 Cr) and investments (~₹1,674 Cr) in two former subsidiaries now under insolvency, implying potential asset overstatement. Further, crucial financial data from these insolvent subsidiaries is missing from consolidated reports, affecting transparency. The company also faces non-compliance regarding FY24 annual filings and has ₹1,533 Cr in corporate guarantees for defaulted group company debts, with no provisions made.