Supreme Power Equipment Approves Q2 Results and Reconstitutes Board Committees

Supreme Power Equipment Approves Q2 Results and Reconstitutes Board Committees​

Supreme Power Equipment Limited announced key corporate governance changes, including the appointment of a new director and the resignation of a non-executive director. The company also reported its unaudited financial results for the quarter ended June 30, 2026, across both standalone and consolidated formats. Management also confirmed the status of funds raised from the Preferential Issue of Convertible Warrants.

Board Decisions and Personnel Changes​

During a meeting held on August 13, 2026, the company's Board of Directors approved several significant business matters.

The board took on record the resignation of Mr. Devaraja Iyer Krishna Iyer, who resigned as a Non-Executive Non-Independent Director effective August 13, 2026, citing other commitments and business assignments.

Simultaneously, the company announced the appointment of Mr. Ramesh C Behera as an Additional Director in the category of Non-Executive Independent Director, effective from August 13, 2026. This appointment is subject to shareholder approval at the ensuing Annual General Meeting scheduled for September 25, 2026.

The board also approved the re-appointment of Mr. Vee Rajmohan as Chairman and Managing Director, and Mr. Vishwambran Nair Pradeep Kumar as Whole Time Director. Both positions were granted for a term of three years, commencing August 31, 2026, and concluding August 30, 2029, pending shareholder approval.

Following the changes, the company reconstituted the Nomination and Remuneration Committee, Stakeholder Relationship Committee, and Audit Committee, effective August 13, 2026. The newly constituted committees feature Mr. Ramesh C Behera as a member across all three bodies.

Financial Performance for Q ended June 30, 2026​

The company released the unaudited financial results for the quarter ended June 30, 2026. These results were subject to a limited review by statutory auditors.

Standalone Financial Results (Qended June 30, 2026)


The company also reported unaudited consolidated financial results, reflecting performance across the Group and its subsidiary, Danya Electric Company.

Consolidated Financial Results (Qended June 30, 2026)

Preferential Issue of Convertible Warrants​

The company provided a statement regarding the utilization of funds raised from the Preferential Issue of Convertible Warrants for the quarter ended June 30, 2026.

The issue was conducted on August 27, 2025, raising Rs. 5,26,85,750 through the subscription of 12,47,000 warrants by Promoter and Non-Promoter groups. Each warrant is issued at a price of Rs. 169, with a subscription price of Rs. 42.25.

Regarding fund utilization for establishment and premises development, the original allocation was Rs. 2,107.43 Lakhs. The actual utilized amount till June 30, 2026, amounted to Rs. 520.31 Lakhs, leaving an unutilized balance of Rs. 6.55 Lakhs from the allocated amount.

SUPREMEPWR Stock Price Movement​

Supreme Power Equipment Limited shares today slipped by 0.95% to settle at ₹187.85 in the post-market session. The stock traded a volume of 123,500 shares during the day, trading within an intraday range defined by highs of ₹198 and lows of ₹180.