Supreme Infrastructure India Limited Allots Equity Shares Upon Warrants Conversion
Supreme Infrastructure India Limited announced that its Board of Directors approved the allotment of 7,67,000 equity shares to Mr. Vikas Vijaykumar Khemani following the exercise of his right to convert an equal number of warrants. The allotment was finalized at a meeting held on March 31, 2026.Mr. Khemani received the shares upon payment of a total of Rs. 5,00,12,235, equivalent to Rs. 65.205 per warrant, representing 75% of the warrant exercise price of Rs. 86.94 per warrant. The allotted shares rank pari passu with existing equity shares.
As a result of this conversion, the company's issued, subscribed, and paid-up equity share capital has increased to Rs. 97,50,27,600, comprising 9,75,02,760 fully paid-up equity shares of Rs. 10 each.
The warrants were initially allotted on a preferential basis, with a subscription price of Rs. 21.735 per warrant (25% of the issue price) and an exercise price of Rs. 65.205 (75% of the issue price). The tenure of the warrants does not exceed 18 months from the date of allotment. Unexercised warrants will lapse after this period, with the amounts paid forfeited by the company.
Table: Allottee Details
| S.I | Name of Allottee | Category | No. of Warrants Held (Prior to Conversion) | No. of Warrants Applied for Conversion | No. of Equity Shares Allotted | Amount Received (Rs.) | No. of Warrants Pending for Conversion |
|---|---|---|---|---|---|---|---|
| 1 | Vikas Khemani | Non-promoter | 28,75,547 | 7,67,000 | 7,67,000 | 5,00,12,235 | 21,08,547 |
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