Supreme Infrastructure Achieves Major Funding Milestone for Lender Settlement Under Compromise Scheme
Supreme Infrastructure India Limited has announced a crucial financial milestone regarding its Scheme of Compromise and Arrangement with its lenders. The company created a Fixed Deposit sufficient to meet the balance settlement obligations owed to all remaining lenders under the sanctioned Scheme.The company secured the necessary funding by creating a Fixed Deposit amounting to Rs. 120 Crores with the Lead Bank, State Bank of India (SBI). This deposit has been specifically earmarked for facilitating the completion of payments related to escrow formalities upon successful implementation of the scheme.
The matter was reviewed before the Hon'ble Company Court on July 20, 2026. During the hearing, the Court recorded the creation of the Fixed Deposit and granted a deadline until August 17, 2026. This timeframe is allocated for concerned banks and stakeholders to complete all remaining procedural formalities necessary for the full implementation of the Scheme.
Management stated that with the required funds now secured and made available, the balance process is primarily procedural in nature. The company expects this milestone to lead to the successful completion of the Scheme within the timeline granted by the Hon'ble Company Court.
Supreme Infrastructure India Limited expressed appreciation to its lenders, regulators, shareholders, investors, and all stakeholders for their continued support and cooperation throughout the restructuring process. The company remains committed to completing the remaining formalities expediently as it pursues a long-term strategy focused on financial restructuring, operational revival, and sustainable value creation for all stakeholders.
SUPREMEINF Stock Price Movement
As of 11:00 AM, Supreme Infrastructure India Limited shares are rallying sharply in live trading, reaching ₹87.01 after a substantial gain of 10.40%. The stock currently carries a traded volume of 847,988 shares as the equity continues to push higher across the market.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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