Supreme Infrastructure India Limited (SUPREMEINF) — Board Meeting Announcement
📢 Key Event
Board approved conversion of 7,67,000 warrants into equity shares for Vikas Khemani.
🔄 What Changed
Issued share capital increased from 9,67,35,760 to 9,75,02,760 shares; warrant holder exercised partial conversion (7,67,000 of 28,75,547 warrants); cash inflow of ₹5,00,12,235.
🔮 What's Next
Remaining 21,08,547 warrants exercisable within 18 months from original allotment date; unexercised warrants will lapse and subscription amount forfeited post-tenure.
💡 Investor Takeaway
Warrant conversion dilutes shareholding but strengthens cash position; non-promoter participation signals continued investor confidence in the company.
Supreme Infrastructure India Limited's Board approved the conversion of **7,67,000 warrants** into equity shares for non-promoter Vikas Khemani on March 31, 2026. The company received **₹5,00,12,235** (75% of exercise price at **₹65.205 per warrant**). Post-conversion, paid-up equity capital increased to **₹97,50,27,600** comprising **9,75,02,760 shares**. Khemani retains **21,08,547 unconverted warrants** with an 18-month exercise window.
📄 View Original Announcement (PDF)
About Supreme Infrastructure India Limited (SUPREMEINF)
Construction · Construction · Listed on NSE
Market Cap: ₹783.37 Cr
P/E: 0.1
Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.