Key EventBoard approved FY2026 audited results and qualified audit report
Key EventBoard approves one-time settlement with Bank of India
ImpactThe settlement lowers debt and clears legal risks, potentially supporting a higher stock price.Sign up to read impact
Key EventNCLT approves withdrawal of CIRP for Supreme Engineering Limited
ImpactShareholders regain full control of the company after insolvency process ends.Sign up to read impact
Supreme Engineering Limited (SUPREMEENG) faced admission of a Corporate Insolvency Resolution Process (CIRP) by the NCLT Mumbai Bench on June 23, 2026, following a petition from Bank of India over a Rs. 117.51 crore default as of March 2, 2025. The NCLT accepted the petition, appointed S. Gopalakrishnan as interim resolution professional, and ordered public announcement of the CIRP commencement with a claim submission deadline of July 8, 2026. The court clarified that financial creditors can initiate CIRP based solely on proven default without examining disputes, while operational creditors face stricter hurdles. The moratorium under Section 96 applies only to personal guarantors, not the corporate debtor, and the process is now underway with monthly progress reports required.
Sign up to read summarySupreme Engineering Limited announced that its trading window will close on July 1, 2026, for all designated persons, including promoters and directors, until 48 hours after the un-audited financial results for the quarter ended June 30, 2026 are declared. The board meeting to approve these results will be scheduled at a later date.
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Sign up to read summarySupreme Engineering Limited announced closure of its trading window effective Wednesday, April 01, 2026, until 48 hours after declaration of audited financial results for Q4 and FY2026 ending March 31, 2026. The restriction applies to designated persons including promoters, directors, connected persons, insiders, and immediate relatives, as per SEBI insider trading regulations. The Board meeting date for result approval will be communicated separately.
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