Mumbai, July 3, 2025: Supreme Infrastructure India Limited (SIIL), a prominent infrastructure development company headquartered in Mumbai, has announced a significant round of preferential allotment of equity shares and convertible warrants, marking a major step in its capital restructuring and debt resolution strategy.

In a communication to the National Stock Exchange of India Limited (NSE) and BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Supreme Infra detailed the outcome of its Board Meeting held on July 3, 2025.

The Board meeting, which commenced at 8:00 PM and concluded at 10:45 PM on July 3, 2025, approved multiple resolutions related to preferential issue of equity shares and convertible warrants, including conversion of loans into equity.

This large-scale capital restructuring move, executed after obtaining in-principle approvals from the NSE and BSE, is intended to improve the company’s balance sheet health, strengthen promoter commitment, and resolve outstanding debts with lenders.

Highlights of Board-Approved Preferential Allotment

Supreme Infrastructure’s Board approved the following key items:

1. Allotment of 98,34,368 Equity Shares to Promoter Group for Cash:

   • Face value: ₹10/- per share.

   • Issue price: ₹86.94/- per share (including ₹76.94 premium).

   • Total value: ₹85.50 crore (approx.).

   • Funds raised directly from promoter entities demonstrate strong promoter commitment to support the company’s capital needs.

2. Allotment of 2,96,29,521 Equity Shares to Identified Non-Promoter Investors for Cash:

   • Same price of ₹86.94/- per share.

   • Total value: ₹257.60 crore (approx.).

   • Shows broad-based investor participation to strengthen the company’s capital base.

3. Allotment of 1,26,52,404 Convertible Warrants to Promoter Group for Cash:

   • Price per warrant: ₹86.94/-.

   • Total value: ₹110 crore (approx.).

   • Warrants are convertible into equal number of equity shares, giving promoters future option to infuse equity.

4. Allotment of 94,60,549 Convertible Warrants to Non-Promoter Investors for Cash:

   • Price per warrant: ₹86.94/-.

   • Total value: ₹82.25 crore (approx.).

   • Indicates diversified funding support even from non-promoter participants.

5. Conversion of Unsecured Loans into 2,70,30,136 Equity Shares (Promoter Group):

   • Price: ₹86.94/- per share.

   • Total value: ₹235 crore (approx.).

   • Reflects settlement of unsecured loans by converting debt into equity, reducing leverage.

6. Conversion of Secured Loans into 45,43,363 Equity Shares (Banks/Lenders):

   • Price: ₹86.94/- per share.

   • Total value: ₹39.50 crore (approx.).

   • Formalises part of the debt resolution plan with banking partners, improving balance sheet structure.

Breakdown of Equity Allotments to Promoters

Promoter Group (for Cash):

• Supreme Lake View Bungalow Pvt Ltd: 6,32,620 shares (~₹5.50 crore).

• BVB Infracorp Pvt Ltd: 27,60,524 shares (~₹24 crore).

• VSB Infracorp Pvt Ltd: 3,45,066 shares (~₹3 crore).

• Vikram Sharma: 11,50,219 shares (~₹10 crore).

• Barkha Sharma: 10,35,197 shares (~₹9 crore).

• RBS Real Estate Ventures Pvt Ltd: 39,10,742 shares (~₹34 crore).

Total: 98,34,368 shares (~₹85.50 crore).

Equity Allotment to Non-Promoter Investors (for Cash)

• Major investors include Ovata Equity Strategies Master Fund, Trishakti Power Holdings Pvt Ltd, Kitara PIIN 1102 and 1103, Halcyon Trading Pvt Ltd, Niveshaay Hedgehogs Fund, Coeus Advisors Pvt Ltd, and prominent individuals such as Viraj Russel Mehta and Vikas Vijaykumar Khemani.

• Aggregate: 2,96,29,521 shares (~₹257.60 crore).

Convertible Warrants Allotted to Promoters

• Vikram Sharma: ~28.76 lakh warrants.

• RBS Real Estate Ventures Pvt Ltd: ~28.76 lakh warrants.

• Supreme Tag Infrastructure Limited: ~11.50 lakh warrants.

• B.J.A Agro Infra Pvt Ltd: ~57.51 lakh warrants.

Total: 1,26,52,404 warrants (~₹110 crore).

Convertible Warrants to Non-Promoter Investors

• Notable participants include Ovata Equity Strategies Master Fund, Trishakti Power Holdings, Kitara PIIN 1102 and 1103, Halcyon Trading Pvt Ltd, Vikas Vijaykumar Khemani.

• Aggregate: 94,60,549 warrants (~₹82.25 crore).

Debt Resolution Through Equity Conversion

Promoter Group (Conversion of Unsecured Loans):

• Supreme Lake View Bungalows Pvt Ltd: ~1.01 crore shares.

• BVB Infracorp Pvt Ltd: ~18.40 lakh shares.

• VSB Infracorp Pvt Ltd: ~25.30 lakh shares.

• Vikram Sharma: ~28.76 lakh shares.

• B.J.A Agro Infra Pvt Ltd: ~96.62 lakh shares.

Total: 2,70,30,136 shares (~₹235 crore).

Identified Lender Banks (Conversion of Secured Loans):

• Union Bank of India: ~11.50 lakh shares.

• Bank of India: ~5.75 lakh shares.

• State Bank of India: ~28.18 lakh shares.

Total: 45,43,363 shares (~₹39.50 crore).

Strategic Intent: Debt Resolution and Promoter Commitment

Supreme Infrastructure’s Board noted that promoters have not only participated through direct equity and warrants subscription but also converted unsecured loans into equity.

Additional Promoter Funding:

• Over and above the approved equity infusions, promoters have infused separate funds specifically for monetising non-core assets, supporting the company’s debt resolution plans with lenders.

This move demonstrates the promoters’ strong commitment to stabilise and grow Supreme Infra, while working constructively with lenders to ensure a sustainable capital structure.

SEBI Compliance and Investor Transparency

The company confirmed compliance with:

• SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 (Chapter V).

• SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 09, 2015, with required disclosures provided in detailed annexures submitted to the exchanges.

Significance of the Capital Raise

The combined impact of these approvals includes:

• Strengthening Supreme Infra’s net worth.

• Reducing debt by converting unsecured and secured loans to equity.

• Improving financial ratios and balance sheet health.

• Enhancing promoter holding and commitment to long-term value creation.

• Signalling confidence to lenders, investors, and market participants about the company’s turnaround strategy.

About Supreme Infrastructure India Limited

Supreme Infrastructure India Limited, founded in 1983, is a Mumbai-headquartered infrastructure development company engaged in executing projects across highways, roads, bridges, urban infrastructure, buildings, and industrial construction.

With decades of experience and a pan-India presence, Supreme Infra has delivered a range of complex projects for public sector bodies, government departments, and private developers.

The company aims to improve its financial structure and secure its future pipeline of work by demonstrating solid corporate governance, operational excellence, and proactive engagement with all stakeholders, including its lending partners.

Final Word

This comprehensive capital restructuring move by Supreme Infrastructure marks a pivotal moment in its turnaround journey.

By approving over 8.73 crore new equity shares and 2.21 crore convertible warrants—through fresh cash infusions and debt conversions—the Board of Supreme Infra is demonstrating a serious commitment to reduce debt, improve financial stability, and enable a healthier platform for future growth.

Promoter participation, investor trust, and lender cooperation underscore Supreme Infra’s resolve to emerge stronger and better-positioned in India’s dynamic infrastructure sector.

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