Supreme Infra. India

Supreme Infrastructure India completed its court-sanctioned Scheme of Compromise and one-time settlement covering Rs 2,200 crore of legacy debt and received full and final No Dues Certificates from State Bank of India, Punjab National Bank and Union Bank of India. Implementation followed the National Company Law Tribunal's 28 October 2026 order and came ahead of the 31 October deadline, leaving all financial creditors exited and the company debt-free. The scheme was originally sanctioned in March 2025, with 11 of 14 lenders settled and charges released earlier and the balance covered by a Rs 120 crore fixed deposit with State Bank of India. Revenue was Rs 65.34 crore in the year to March 2026 against borrowings of Rs 1,391.57 crore plus accrued interest of Rs 813.62 crore, with borrowings classified as non-performing since 2016. Corporate guarantees of about Rs 1,513.48 crore across six special purpose vehicles remained outstanding in March 2026, including a Rs 900 crore guarantee for Supreme Panvel Indapur Tollways.

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Supreme Infrastructure India's founder and chairman, Bhawani Shankar Sharma, died on 9 October 2026. His shareholding ceased to be counted within the promoter and promoter group. The company undertook engineering and construction work across roads, bridges, power and water projects and reported revenue of about Rs 65 crore in the year to March. It carried corporate guarantees of about Rs 1,514 crore at the June quarter alongside large exposures to two build-operate-transfer subsidiaries under insolvency proceedings. The board appointed retired income-tax official Prabhakant as an additional independent director in September, subject to shareholder approval.

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Oct 9 (Reuters) - Supreme Infrastructure India Ltd SIIL.NS:

• SUPREME INFRASTRUCTURE INDIA - CHAIRMAN BHAWANI SHANKAR SHARMA PASSES AWAY ON OCTOBER 09, 2026

Source text: ID:nBSE8BF5Sy

Further company coverage: SIIL.NS

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Supreme Infrastructure's court-approved amicable resolution plan for its erstwhile subsidiary, Kopargaon Ahmednagar Tollways (Phase I), reduced the company's corporate-guarantee exposure from about ₹180 crore to ₹36.51 crore. The ₹143.49 crore reduction represented nearly 80% of the earlier exposure, while payment of the final tranche and fulfilment of the plan's terms remained conditions for releasing the related guarantees, charges, liens and encumbrances. The arrangement provided that any receivable from the client after payments to lenders would remain with Supreme Infrastructure. The group reported FY26 revenue of ₹65.3 crore and Q1 FY27 net worth of ₹174.3 crore, alongside accumulated losses of ₹1,053 crore.

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Sept 10 (Reuters) - Supreme Infrastructure India Ltd SIIL.NS:

• SUPREME INFRASTRUCTURE INDIA - CORPORATE GUARANTEE EXPOSURE REDUCED FROM 1.80 BILLION RUPEES TO 365.1 MILLION RUPEES

Source text: ID:nBSE79HGhD

Further company coverage: SIIL.NS

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Supreme Infrastructure India created a fixed deposit of ₹120 crore with State Bank of India, fully meeting its funding obligations under the Court-sanctioned Scheme of Compromise and Arrangement with lenders. The deposit is earmarked exclusively for completing payments to the remaining lenders once final banking and escrow formalities are completed by SBICAP Trustee Company Limited. The matter was heard by the Company Court on July 20, which took the creation of the fixed deposit on record and granted time until August 17 for completion of the remaining procedural formalities. Management said the balance process is now primarily procedural and expects the Scheme to be successfully completed within the timeline granted.

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Sept 25 (Reuters) - Supreme Infrastructure India Ltd SIIL.NS:

• TO WITHDRAW PROPOSED PREFERENTIAL ISSUE OF SHARES, WARRANTS

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Further company coverage: SIIL.NS

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Sept 13 (Reuters) - Supreme Infrastructure India Ltd SIIL.NS:

• TO CONSIDER RAISING CAPITAL

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Further company coverage: SIIL.NS

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