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Supreme Infrastructure India Concludes 42nd AGM; Proposes Increase in Borrowing Powers
Supreme Infrastructure India Limited held its 42nd Annual General Meeting on January 28, 2026, with 103 members in attendance. Key resolutions included the adoption of standalone financial statements for the fiscal year ended March 31, 2025. Notably, the company sought shareholder approval for a special resolution to increase its borrowing powers under Section 180 of the Companies Act. Other items included the appointment of a new Independent Director and the re-appointment of retiring directors.
Key Highlights
42nd AGM held on Jan 28, 2026, with 103 members attending via video conferencing.
Adoption of audited standalone financial statements for the financial year ended March 31, 2025.
Proposed special resolution to increase the company's borrowing powers under Section 180.
Appointment of Mr. Chander Prakash Sharma as an Independent Director and re-appointment of Mr. Bhawani Shankar Harishchandra Sharma.
💼 Action for Investors
Investors should monitor the official voting results, particularly regarding the increase in borrowing powers, to understand the company's future leverage and capital plans.
Supreme Industries Q3 FY26: Piping Volume Grows 16%, FY26 Margin Guidance Revised to 13.5-14%
Supreme Industries reported a 10% volume growth for 9M FY26, though PAT declined 22% YoY to ₹520 crores due to volatile polymer prices and lower margins. The Plastic Piping segment remains the primary driver, growing 16% in volume during Q3, with total piping capacity set to reach 1 million MT per annum by year-end. Management has revised its full-year EBITDA margin guidance downward to 13.5-14% while maintaining a strong overall volume growth target of 12-14%. The company is also expanding into window profiles and composite LPG cylinders, backed by a total FY26 capex of ₹1,200 crores.
Key Highlights
9M FY26 volume grew 10% to 522,018 MT, while PAT fell 22% to ₹520 crores.
Plastic Piping segment saw 16% volume growth in Q3, with a target of 15-17% for the full year.
Total FY26 capex estimated at ₹1,200 crores, including the Wavin business acquisition and new window profile plant.
EBITDA margin guidance for FY26 revised to 13.5-14% from the earlier 14.5-15% range due to pricing volatility.
Received a new LOI for 2 lakh composite LPG cylinders from BPCL to be executed in the current quarter.
💼 Action for Investors
Investors should monitor the recovery in polymer prices and the integration of the Wavin acquisition, which are critical for margin improvement. While volume growth remains robust, the downward revision in margin guidance suggests short-term profitability pressure.