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Note: These are AI-generated, educational summaries of public NSE
filings — grounded in each document, but not investment advice and possibly incomplete.
Verify against the original filing and consult a SEBI-registered adviser before acting.
18 announcements match the current filters (relevance ≥ 5).
Supreme Engineering Shareholders Approve Preferential Issue of Shares and Warrants at 39th AGM
Supreme Engineering Limited has submitted voting results and the Scrutinizer's Report for its 39th AGM held on October 01, 2026, where all 7 resolutions were approved by shareholders with 100% majority of valid votes cast. Key special resolutions passed include the approval to issue and allot equity shares and convertible warrants on a preferential basis, alongside an increase in authorized share capital. A total of 11,47,36,746 valid votes were polled across 25 participating members, with 11,47,31,740 votes cast in favor.
Confidence: HIGH
What changedShareholders formally approved enabling resolutions to raise capital via preferential equity shares and convertible warrants, alongside increasing authorized capital.
Why it mattersThe company has a negative net worth of Rs -89 Cr, debt of Rs 92 Cr, and going concern uncertainty; equity dilution via preferential allotment is critical for its debt settlement and revival strategy.
Total valid votes: 114736746Votes in favour (Resolution 1): 114731740Votes against (Resolution 1): 5006AGM date: October 01, 2026
📅 Short termClearance of shareholder approval allows the board to proceed with pricing, in-principle stock exchange approvals, and allotment.
📈 Long termExecution of the preferential issue is pivotal to reducing debt from Rs 92 Cr, restoring positive net worth, and normalizing working capital operations.
⚠ Risk flags
- Severe dilution risk from preferential shares and convertible warrants
- High financial leverage with Rs 92 Cr debt and negative net worth of Rs -89 Cr
Key Highlights
All 7 resolutions passed with 100% of valid votes (11,47,31,740 shares in favor vs 5,006 against)
Shareholders approved the issuance and allotment of equity shares on a preferential basis
Shareholders approved the issuance and allotment of convertible warrants on a preferential basis
Approved increase in authorized share capital and consequent alteration to the MOA
Total valid votes counted stood at 11,47,36,746 from 25 members who cast remote e-votes
👀 What to Watch
Track subsequent exchange filings for the exact preferential pricing, issue size in Rs cr, and list of proposed allottees to quantify capital infusion against its negative net worth of Rs -89 Cr.
Supreme Eng Secures Rs 2.84 Cr Defence Ministry Order for Specialty Alloy Steel Bars
Supreme Engineering Limited has secured a domestic supply order worth Rs 2.84 crore from the Ministry of Defence. The contract entails supplying specialty alloy steel bars for defence applications, to be executed within six months. The order represents roughly 14% of the company's TTM revenue of Rs 20 crore, marking a sizeable win relative to recent quarterly revenue levels. However, execution will be critical given the company's distressed balance sheet, with debt at Rs 92 crore and a negative net worth of Rs -89 crore.
Confidence: HIGH
What changedSupreme Engineering received a Rs 2.84 crore purchase order from the Ministry of Defence.
Why it mattersThe order provides revenue visibility of ~14% of annual sales to a financially distressed firm operating in revival mode.
Order value: Rs. 2,83,55,145.12Execution timeline: Six MonthsOrder value vs TTM revenue: ~14.2%
📅 Short termPositive sentiment driver as defence wins enhance credibility, though financial execution within 6 months remains key.
📈 Long termValidates technical capabilities in defence-grade alloy steels, but long-term upside remains heavily constrained by deep negative net worth (-Rs 89 Cr) and debt overhang (Rs 92 Cr).
⚠ Risk flags
- Execution and working capital risks due to stressed balance sheet (Net worth: Rs -89 Cr, Debt: Rs 92 Cr)
- Severe going-concern and liquidity uncertainties reported in recent filings
Key Highlights
Received domestic supply order worth Rs 2,83,55,145.12 from the Ministry of Defence
Order scope covers specialty alloy steel bars for defence application
Execution timeline stipulated is six months
Contract value represents approximately 14% of TTM revenue (Rs 20 Cr)
👀 What to Watch
Track quarterly revenue recognition over the next two quarters and observe whether working capital constraints affect the six-month delivery timeline.
Supreme Engineering Wins ₹5.29 Cr Superalloy Order from Govt-Managed Entity
Supreme Engineering Limited has secured a domestic purchase order amounting to ₹5.29 crore for the supply of Superalloy. The order is awarded by an entity managed by the Ministry of Heavy Industries and Public Enterprises, with an execution timeline of six months. Relative to Supreme Engineering's TTM revenue of ₹20 crore, this single order represents approximately 26.4% of annual revenue, making it a sizable development for the financially stressed company. The contract is not a related-party transaction.
Confidence: HIGH
What changedSupreme Engineering secured a ₹5.29 crore product supply order for Superalloys from a Ministry-managed enterprise.
Why it mattersAt ~26.4% of TTM revenue, this order provides critical revenue visibility and capacity utilization for a company currently undergoing operational revival.
Order value: Rs. 5,28,86,700.84 /-Execution period: Six MonthsOrder vs TTM revenue: ~26.4%
📅 Short termPositive sentiment driver given the substantial order size relative to current low quarterly revenues (~₹4.07 Cr in Q1 FY27).
📈 Long termHelps validate manufacturing capabilities in superalloys, but long-term sustainability hinges on resolving high debt (₹92 Cr) and negative net worth (₹-89 Cr).
⚠ Risk flags
🔬 Flagged for deeper Multibagger analysis — view briefs →
- Execution and working capital risks due to stressed liquidity and negative net worth
- Tight 6-month delivery timeline
Key Highlights
Received domestic purchase order valued at ₹5,28,86,700.84
Customer is a company managed by the Ministry of Heavy Industries and Public Enterprises
Scope entails supply of Superalloy products to be executed within six months
Contract represents approximately 26.4% of Supreme Engineering's TTM revenue of ₹20 Cr
👀 What to Watch
Track quarterly revenue and working capital in upcoming quarters to monitor execution progress within the 6-month timeline amid the company's existing liquidity constraints.
Supreme Engineering revises Rs 110.75 Cr preferential issue; Ashish Kacholia added as investor
Supreme Engineering issued a corrigendum to its AGM notice following observations from NSE regarding its proposed preferential issue. Due to SEBI ICDR disqualifications, 5.075 crore shares were reallocated from ineligible investors to new investors, including 3.20 crore shares to Ashish Kacholia. The company is raising up to Rs 73.05 crore via 28.10 crore equity shares at Rs 2.60 each, with total proceeds reaching Rs 110.75 crore including warrants. This fundraise is significant compared to its TTM revenue of Rs 20 crore and is primarily earmarked for debt settlement under OTS (Rs 34 crore) and working capital (Rs 39.75 crore).
Confidence: HIGH
What changedNSE directed revisions to proposed preferential issue allottees due to SEBI ICDR disqualifications; 5.075 crore shares were reallocated to new investors including Ashish Kacholia.
Why it mattersThe company carries Rs 92 crore in debt and a negative net worth of Rs -89 crore; the Rs 110.75 crore fundraise is critical for debt settlement and operational revival.
Total Issue Proceeds: Rs 110.7522 croreIssue Proceeds vs TTM Revenue: ~554%Equity Shares Issue Value: Rs 73,05,22,000Issue Price per Share: Rs 2.60OTS Settlement Allocation: Rs 34.00 crore
📅 Short termShareholders will vote on the revised resolutions at the AGM on October 01, 2026.
📈 Long termIf successfully executed, the Rs 110.75 crore capital infusion could settle legacy bank debts (Rs 34 Cr OTS) and stabilize working capital, potentially addressing going-concern issues.
⚠ Risk flags
- Severe equity dilution as total shares expand from 24.99 crore to 67.59 crore post warrant conversion
- Dependency on regulatory in-principle and listing approvals from stock exchanges
Key Highlights
Replaced 5,07,50,000 ineligible shares under SEBI ICDR regulations with new allottees, including Ashish Kacholia (3,20,00,000 shares)
Proposed preferential allotment of 28,09,70,000 equity shares at Rs 2.60 per share, raising Rs 73,05,22,000
Total issue proceeds across shares and warrants targeted at Rs 110.7522 crore, vs TTM revenue of Rs 20 crore
Key utilization includes Rs 34.00 crore for OTS bank dues and Rs 39.7522 crore for working capital
👀 What to Watch
Track shareholder voting outcomes at the AGM on October 01, 2026, and monitor subsequent in-principle approval from stock exchanges for the revised allotment list.
Supreme Engineering Approves Rs 73.05 Cr Preferential Issue of 28.1 Cr Shares at Rs 2.60/Share
Supreme Engineering's Board approved the preferential issue of up to 28,09,70,000 equity shares at Rs 2.60 each, amounting to approximately Rs 73.05 Cr. This follows the disqualification under SEBI ICDR regulations of 9 proposed allottees holding 5.075 Cr shares, which have now been reallocated to 16 new investors including marquee investor Ashish Kacholia (3.20 Cr shares for Rs 8.32 Cr). The fundraise is critical for the financially distressed company, which carries negative net worth of Rs -89 Cr and debt of Rs 92 Cr.
Confidence: HIGH
What changed9 previously proposed allottees were disqualified under SEBI ICDR rules; 5.075 Cr shares were reallocated to new investors including Ashish Kacholia, keeping overall issue size at 28.1 Cr shares.
Why it mattersThe Rs 73.05 Cr capital injection is vital for the company's turnaround, providing liquidity to pare down its Rs 92 Cr debt and cure negative net worth of Rs -89 Cr.
Total shares to be issued: 28,09,70,000Issue price per share: Rs 2.60Total fundraise value: Rs 73.05 CrFundraise vs Market Cap: ~22.8%Disqualified and reallocated shares: 5,07,50,000
📅 Short termMarket sentiment will likely react positively to the onboarding of institutional and prominent individual investors such as Ashish Kacholia at Rs 2.60 per share, though the issue price is at a discount to the current trading price of Rs 3.90.
📈 Long termIf successfully executed, the Rs 73 Cr equity infusion could significantly assist the revival strategy, address negative net worth, and provide working capital to scale operations.
⚠ Risk flags
- Heavy equity dilution given 28.1 Cr new shares being issued
- Subject to shareholder approval and regulatory scrutiny following SEBI ICDR disqualification of prior allottees
- Ongoing operational turnaround and going-concern uncertainty
Key Highlights
Approved preferential issue of up to 28,09,70,000 equity shares of face value Rs 1 at Rs 2.60 each
Total issue value stands at approximately Rs 73.05 Cr, representing ~22.8% of current market cap
5,07,50,000 shares reallocated after disqualification of 9 entities under SEBI ICDR Regulations 159 and 167
Ashish Kacholia allocated 3,20,00,000 shares for a consideration of Rs 8.32 Cr
Promoter group including Sanjay Chowdhri to subscribe to 7,00,00,000 shares (Rs 18.2 Cr total consideration)
👀 What to Watch
Track the upcoming shareholder voting outcome and regulatory approvals for the preferential issue, followed by actual fund receipt and debt settlement disclosures.
Supreme Engineering Q1 FY27 Revenue Falls 52% YoY to ₹4.07 Cr; Reports Net Profit on Exceptional Gain
Supreme Engineering reported Q1 FY27 revenue from operations of ₹4.07 Cr (₹406.95 lakh), marking a sharp decline of 51.6% YoY from ₹8.40 Cr in Q1 FY26. The company posted a net profit of ₹0.99 Cr (₹98.98 lakh), primarily driven by an exceptional gain of ₹25.70 Cr (₹2570 lakh) from resolving joint development disputes and sale of flats. Crucially, the auditor reiterated a material uncertainty on going concern due to negative net worth and unpaid dues, while noting that an OTS proposal was sanctioned on August 13, 2026, with a 10% advance deposit paid.
Confidence: HIGH
What changedSupreme Engineering released its Q1 FY27 financial results showing declining core revenues offset by a ₹25.70 Cr exceptional gain, and confirmed bank approval of its OTS proposal.
Why it mattersThe company has an eroded net worth (-₹89 Cr) and NPA debt status; successful closure of the OTS is critical to resolving its severe going concern uncertainties.
Revenue from Operations (Q1 FY27): ₹406.95 lakhExceptional Gain: ₹2570 lakhNet Profit (Q1 FY27): ₹98.98 lakhOTS Upfront Deposit: 10% of proposed settlement amount
📅 Short termMarket focus will center on terms of the August 13 OTS approval, capital raising plans to fund the settlement, and ongoing statutory non-compliance resolutions.
📈 Long termLong-term turnaround depends entirely on debt settlement, capital restructuring, clearing audit qualifications, and restoring normal operational working capital.
⚠ Risk flags
- Material uncertainty on Going Concern with deeply negative net worth and NPA status
- Multiple statutory defaults: unfiled ITRs, unpaid statutory dues (TDS, PF, ESIC), and unconducted cost/internal audits
- Core operations remain weak with a >50% YoY drop in quarterly revenue
Key Highlights
Revenue from operations fell 51.6% YoY to ₹4.07 Cr (₹406.95 lakh) compared to ₹8.40 Cr (₹840.91 lakh) in Q1 FY26
Net profit stood at ₹0.99 Cr (₹98.98 lakh) versus ₹0.07 Cr (₹7.33 lakh) in Q1 FY26, boosted by ₹25.70 Cr exceptional income
Bank approved One-Time Settlement (OTS) proposal on August 13, 2026; company deposited a 10% preliminary settlement amount
Auditor flagged significant statutory non-compliances, including unfiled income tax returns for FY21, unconducted cost audits since FY21, and unpaid MSME interest
👀 What to Watch
Track the execution timeline and funding arrangement for the full OTS payment to bankers, as well as concrete developments regarding proposed preferential allotments or asset monetizations.
Supreme Engineering Plans ₹73.05 Cr Preferential Issue and Share Capital Increase at AGM
Supreme Engineering Limited has issued notice for its 39th AGM on October 01, 2026, seeking shareholder approval for a massive fundraise. The company plans to issue up to 28,09,70,000 equity shares at ₹2.60 per share, raising up to ₹73.05 crore from promoters and non-promoters. Relative to its current market cap of ~₹39 crore, the proposed issue represents ~187% of equity value. Additionally, the company proposes increasing its authorized share capital to ₹67.70 crore from ₹25.10 crore to support the capital expansion and revival process.
Confidence: HIGH
What changedThe company has called an AGM to seek approval for an authorized capital increase and a ₹73.05 crore preferential equity issue.
Why it mattersThe ₹73.05 crore equity infusion represents ~187% of current market cap and could significantly address the company's negative net worth (-₹89 crore) and ongoing debt restructuring.
Total Preferential Fundraise: ₹73,05,22,000Issue Price per Share: Rs 2.60Fundraise vs Current Market Cap: ~187%Fundraise vs TTM Revenue: ~292%Revised Authorised Capital: Rs. 67,69,70,000
📅 Short termShareholders will vote on the proposed resolutions through September 30, 2026; market attention will focus on shareholder approval and subsequent SEBI/exchange clearances.
📈 Long termIf successfully executed, the capital infusion will provide crucial equity to assist in debt reduction and reverse the negative net worth of ₹89 crore, supporting operations under going-concern distress.
⚠ Risk flags
- Severe equity dilution given the issuance of 28.1 crore shares against existing capital base
- Execution and regulatory approval risks for preferential allotment in a financially stressed company
Key Highlights
Proposed preferential issue of up to 28,09,70,000 equity shares aggregating up to ₹73,05,22,000
Issue price fixed at ₹2.60 per share (including a premium of ₹1.60 per share)
Proposed increase in authorized share capital from ₹25.10 crore to ₹67.697 crore
Promoter Sanjay Chowdhri and relatives are participating, with Sanjay Chowdhri proposed to be allotted 5,50,00,000 shares (₹14.30 crore)
AGM scheduled for October 01, 2026, with remote e-voting from September 28 to September 30, 2026
👀 What to Watch
Track the outcome of shareholder voting on October 01, 2026, and monitor subsequent regulatory in-principle listing approvals and actual cash inflows to see if debt settlements progress.
Supreme Engineering Reports FY26 Revenue of ₹24.78 Cr; Loss Narrows to ₹0.60 Cr, Notes Lender OTS Approval
Supreme Engineering submitted its audited FY26 financial results along with exchange clarifications. Full-year revenue grew 47.4% YoY to ₹24.78 Cr (₹2,478.33 lakhs) from ₹16.82 Cr in FY25, while net loss narrowed significantly to ₹0.60 Cr (₹60.03 lakhs) compared to a loss of ₹11.81 Cr in FY25. For Q4 FY26, revenue stood at ₹4.36 Cr with a net loss of ₹5.30 lakhs. Crucially, the company disclosed that subsequent to year-end, lenders approved its One-Time Settlement (OTS) proposal for outstanding secured borrowings, though the company continues to face severe negative net worth of ₹-89.43 Cr and numerous regulatory/audit non-compliances.
Confidence: HIGH
What changedSupreme Engineering filed audited Q4 and full-year FY26 results with clarifications, confirming lender approval of an OTS proposal post-year-end.
Why it mattersWhile operational losses have narrowed significantly, the business remains under going-concern distress with ₹90.39 Cr in borrowings and deeply negative net worth.
FY26 Revenue: ₹24.78 CrFY26 Net Loss: ₹0.60 CrQ4 FY26 Revenue: ₹4.36 CrTotal Net Worth: ₹-89.43 CrTotal Borrowings: ₹90.39 Cr
📅 Short termFocus will remain on the specific settlement terms, timelines, and payment sources for the lender-approved OTS.
📈 Long termLong-term viability is entirely contingent on successful debt restructuring, clearing statutory non-compliances, and turning net worth positive.
⚠ Risk flags
- Going concern material uncertainty with negative net worth of ₹-89.43 Cr
- Loans classified as NPA since August 2021
- Unpaid statutory dues (TDS, PF, Professional Tax) and absence of Cost/Internal Audits
- No appointed Company Secretary resulting in non-compliance under Companies Act
Key Highlights
FY26 total revenue from operations increased to ₹24.78 Cr compared to ₹16.82 Cr in FY25.
FY26 net loss narrowed substantially to ₹0.60 Cr from ₹11.81 Cr in the previous year.
Lender approved the company's One-Time Settlement (OTS) proposal for NPA secured borrowings post balance sheet date.
Total equity stands at negative ₹89.43 Cr (-₹8,943.45 lakhs) against total borrowings of ₹90.39 Cr.
Multiple compliance lapses noted, including absence of a Company Secretary, pending income tax returns (FY20), and pending cost/internal audits.
👀 What to Watch
Track the execution and funding of the One-Time Settlement (OTS) with lenders, alongside any capital reduction or equity infusion plans needed to address the negative net worth.
Supreme Eng proposes ₹73.05 Cr preferential issue of 28.10 Cr shares at ₹2.60/share
Supreme Engineering has issued a corrigendum detailing the investor list for its proposed preferential issue of up to 28,09,70,000 equity shares (face value ₹1) at ₹2.60 per share, aiming to raise approximately ₹73.05 crore. The capital raise is massive compared to the company's current market cap of ~₹35 crore and TTM revenue of ~₹25 crore. Promoters intend to subscribe to 7.00 crore shares (₹18.20 crore), while 68 non-promoters account for the remaining 21.10 crore shares (₹54.85 crore). The proposed infusion is pivotal for the distressed company, which carries ₹92 crore in debt and a negative net worth of ₹-89 crore.
Confidence: HIGH
What changedSupreme Engineering published a corrected list of 72 investors for its proposed ₹73.05 crore preferential equity share issuance.
Why it mattersThe capital infusion represents over 200% of current market cap and ~292% of TTM revenue, providing critical balance-sheet relief to address negative net worth and bank liabilities.
Total shares proposed: 28,09,70,000Issue price: Rs 2.60Total fundraise value: Rs 73.05 CrFundraise vs Market Cap: ~209%Total investors: 72
📅 Short termFocus shifts to shareholder approval, exchange approvals, and the timeline for warrant/share subscription and funds inflow.
📈 Long termIf fully realized, this equity infusion could significantly assist the company's revival strategy by de-leveraging the ₹92 Cr debt load and restoring working capital.
⚠ Risk flags
- Substantial equity dilution for existing public shareholders
- Dependency on regulatory/exchange approvals and full funds receipt from 72 allottees
- Company currently operates under severe financial distress with negative net worth (₹-89 Cr)
Key Highlights
Proposed preferential allotment of up to 28,09,70,000 equity shares at ₹2.60 per share (including ₹1.60 premium).
Total fundraise size stands at approximately ₹73.05 crore across 72 investors.
Promoter group committing ₹18.20 crore (7,00,00,000 shares), led by Sanjay Chowdhri subscribing to 5.50 crore shares.
Non-promoter allotment spans 21,09,70,000 shares across 68 individual and institutional/firm investors.
👀 What to Watch
Track upcoming shareholder voting (EGM/postal ballot) and in-principle stock exchange approval, followed by actual fund receipt and allocation toward bank debt settlements.
Supreme Engineering approves ₹110.75 Cr preferential issue of equity shares and warrants
Supreme Engineering's Board approved raising up to ₹73.05 Cr via the preferential allotment of up to 28.097 Cr equity shares at ₹2.60 per share to 86 promoter and non-promoter investors. The Board also approved issuing up to 14.50 Cr convertible warrants at ₹2.60 each, aggregating to ₹37.70 Cr and convertible within 18 months. The combined potential fundraise of ₹110.75 Cr is over 3x the company's current market capitalization of ₹35 Cr and offers a critical liquidity boost against ₹92 Cr in debt and a negative net worth of -₹89 Cr. Additionally, adoption of Q1 FY27 financial results was deferred to an upcoming meeting.
Confidence: HIGH
What changedBoard approved a ₹110.75 Cr preferential issue consisting of 28.097 Cr equity shares and 14.50 Cr convertible warrants at ₹2.60 per security.
Why it mattersProvides a crucial equity lifeline to address negative net worth (-₹89 Cr) and debt obligations (₹92 Cr), though it will significantly dilute existing shareholding.
Equity shares proposed: 28,09,70,000Convertible warrants proposed: 14,50,00,000Issue price per share/warrant: Rs. 2.60Total fundraise value: ₹110.75 CrFundraise vs Market Cap: ~316%Fundraise vs Debt: ~120%
📅 Short termSentiment is likely to be supported by the substantial proposed capital infusion and promoter participation, pending shareholder approvals.
📈 Long termIf fully subscribed and utilized for debt settlement and working capital revival, it could restore going-concern viability, though EPS upside will face heavy dilution.
⚠ Risk flags
- Severe dilution risk with up to 42.597 Cr new shares/warrants being added.
- Subject to shareholder and regulatory approvals.
- High historical debt and ongoing business turnaround uncertainties.
Key Highlights
Preferential issuance of up to 28,09,70,000 equity shares at ₹2.60/share (FV ₹1 + premium ₹1.60), aggregating to ~₹73.05 Cr.
Issuance of up to 14,50,00,000 convertible warrants at ₹2.60 each (~₹37.70 Cr), exercisable within 18 months.
Promoter Sanjay Chowdhri to be allotted 5.50 Cr equity shares and 7.00 Cr warrants.
Total combined fundraise of ~₹110.75 Cr compares with ₹35 Cr market cap and ₹92 Cr debt.
👀 What to Watch
Track shareholder approval via EGM/postal ballot, actual fund inflows, debt settlement progress, and the rescheduled board meeting for Q1 results.
Supreme Engineering Approves FY26 Audited Results; Auditor Issues Qualified Opinion
Supreme Engineering Limited approved its audited standalone financial results for Q4 and the financial year ended March 31, 2026. The statutory auditor, M/s Rushabh Davda and Associates, issued an audit report with a qualified opinion on the annual results. The company reported FY26 revenue of ₹20.42 crore and a net loss of ₹0.51 crore, operating under acute financial distress with a negative net worth of ₹-89 crore and debt of ₹92 crore.
Confidence: HIGH
What changedFormal approval and filing of delayed FY26 audited financial statements with an auditor qualification.
Why it mattersThe qualified audit opinion and deep negative net worth of ₹-89 crore underscore persistent operational and solvency challenges that limit business revival.
FY26 Revenue: ₹20.42 crFY26 Net Loss: ₹-0.51 crDebt vs Market Cap: ~151%Net Worth: ₹-89 cr
📅 Short termMarket sentiment is likely to remain cautious due to the delayed filing timeline and the auditor's qualified opinion.
📈 Long termLong-term viability remains uncertain without substantial equity infusion, debt resolution, and resolution of balance sheet distress.
⚠ Risk flags
- Auditor qualified opinion on financial statements
- Negative net worth of ₹-89 crore
- High debt burden of ₹92 crore against ₹61 crore market cap
- Delayed filing of full-year financial results
Key Highlights
Approved audited standalone financial results for Q4 and the financial year ended March 31, 2026.
Statutory auditor M/s Rushabh Davda and Associates issued a qualified opinion on FY26 financials.
Board meeting held on August 20, 2026, commenced at 5:30 p.m. and concluded at 6:00 p.m.
FY26 annual revenue recorded at ₹20.42 crore with a net loss of ₹-0.51 crore.
👀 What to Watch
Investors should scrutinize the specific qualifications raised in the statutory audit report, particularly regarding going concern validity, asset valuations, and bank settlements.
₹60.32 Cr One-Time Settlement (OTS) with Bank of India Approved for Supreme Engineering
Supreme Engineering has accepted a One-Time Settlement (OTS) offer from Bank of India for ₹60.32 Cr to resolve its outstanding credit facilities. The company has already deposited an upfront amount of ₹6.03 Cr (10%) and is required to pay the balance within 90 days. This is a critical survival event for the company, which has a negative net worth of -₹89 Cr and total debt of ₹92 Cr. Upon full payment, all legal proceedings, including SARFAESI and NCLT cases, will be unconditionally withdrawn.
Confidence: HIGH
What changedThe company has moved from active litigation and insolvency threats to a formal debt settlement agreement with its primary lender.
Why it mattersThis settlement is the only viable path to prevent liquidation, given the company's negative net worth and persistent losses. It potentially clears a debt larger than the company's entire market capitalization (₹58 Cr).
OTS Amount: ₹60.32 CrUpfront Deposit: ₹6.03 CrOTS vs TTM Revenue: ~241%OTS vs Market Cap: ~104%Payment Deadline: 90 days
📅 Short termThe stock may react positively to the removal of immediate NCLT/SARFAESI threats, but the focus will quickly shift to how the company will raise the balance funds.
📈 Long termIf the settlement is completed, the company will have a significantly cleaner balance sheet, though it still faces the structural challenge of turning around its loss-making operations.
⚠ Risk flags
- Funding risk for the remaining ₹54.29 Cr balance
- Negative net worth of -₹89 Cr
- History of continuous operational losses (TTM PAT -₹9 Cr)
Key Highlights
Total OTS amount fixed at ₹60.32 Cr, which is approximately 241% of the company's TTM revenue of ₹25 Cr.
Upfront payment of ₹6.03 Cr (10% of settlement) has already been deposited with the bank.
Balance payment must be completed within a 90-day window from the date of acceptance (August 13, 2026).
Successful settlement will lead to the withdrawal of all existing legal proceedings, including SARFAESI and NCLT actions.
The settlement addresses a significant portion of the company's ₹92 Cr total debt.
👀 What to Watch
Monitor the company's source of funds for the remaining ₹54.29 Cr payment due within 90 days, as its current cash flow and revenue are insufficient to cover this amount without external capital or asset sales.
NCLT Approves Withdrawal of CIRP; Control Returns to Promoters of Supreme Engineering
The National Company Law Tribunal (NCLT) Mumbai Bench has allowed the withdrawal of the Corporate Insolvency Resolution Process (CIRP) against Supreme Engineering Limited under Section 12A of the IBC. The process, which began on June 23, 2026, following a petition by Bank of India, was terminated after the Committee of Creditors (CoC) approved a settlement. Bank of India, holding a 95.93% voting share in the CoC, led the decision to return control to the erstwhile management. While this removes the immediate threat of insolvency, the company still faces a severe financial crisis with a negative net worth of ₹89 Cr and debt of ₹92 Cr.
Confidence: HIGH
What changedThe company has successfully exited the insolvency process (CIRP), and management control has been restored to the promoters from the Resolution Professional.
Why it mattersExiting CIRP prevents potential liquidation or a forced change in ownership, but the company remains fundamentally distressed with high debt and negative equity.
Bank of India CoC Voting Share: 95.93%Debt vs Market Cap: 155.9%Net Worth: ₹-89 CrCIRP Initiation Date: 23.06.2026CIRP Withdrawal Approval Date: 06.08.2026
📅 Short termThe removal of insolvency 'rigors' is likely to be viewed positively by the market in the short term, potentially easing immediate pressure on the stock price.
📈 Long termThe long-term outlook remains highly speculative; the company must demonstrate a viable path to profitability and debt reduction to overcome its 'going concern' uncertainty.
⚠ Risk flags
- Negative net worth of ₹89 Cr
- High debt-to-equity ratio (D/E: -1.03)
- History of continuous losses (TTM PAT: ₹-9 Cr)
- Material uncertainty regarding going concern status
Key Highlights
CIRP initiated on June 23, 2026, has been terminated by NCLT order dated August 6, 2026.
Bank of India held a dominant 95.93% voting share in the Committee of Creditors (CoC).
Thane Bharat Sahakari Bank Ltd held the remaining 4.07% voting share in the CoC.
Control and possession of the company are being handed back to the erstwhile management.
The company carries a total debt of ₹92 Cr against a market cap of only ₹59 Cr.
👀 What to Watch
Investors should monitor the specific terms of the settlement with Bank of India and look for any upcoming fundraise or restructuring plans to address the negative net worth of ₹89 Cr.
₹117.51 Cr Default: NCLT Admits Supreme Engineering for Insolvency Process (CIRP)
The NCLT Mumbai Bench has admitted Supreme Engineering Limited into the Corporate Insolvency Resolution Process (CIRP) following a petition by Bank of India. The total amount in default is ₹117.51 crore, which is nearly 4.7 times the company's TTM revenue of ₹25 crore. The company's account was classified as an NPA in August 2021, and a previous One-Time Settlement (OTS) offer of ₹42 crore was rejected by the bank in February 2025. An Interim Resolution Professional (IRP) has been appointed, and the powers of the existing board are now suspended.
Confidence: HIGH
What changedThe company has transitioned from a promoter-managed entity to a court-supervised insolvency process where an IRP takes control of all operations and assets.
Why it mattersThis is a terminal event for the current management structure; with debt significantly exceeding the company's revenue and asset base, the company's survival depends entirely on the NCLT resolution process.
Default Amount: ₹117.51 CrDefault vs TTM Revenue: 470%Rejected OTS Offer: ₹42 CrTTM Revenue: ₹25 CrNet Worth: -₹89 Cr
📅 Short termThe stock is likely to face severe downward pressure or trading restrictions as the insolvency process begins and the board is suspended.
📈 Long termStructural significance is high as the company may either be sold to a new buyer or liquidated; equity value is highly unlikely to be recovered given the negative net worth.
⚠ Risk flags
- Insolvency/Bankruptcy
- Negative Net Worth
- Board Suspension
- Creditor Priority over Shareholders
Key Highlights
Total default amount claimed by Bank of India stands at ₹117.51 crore as of March 2, 2025
The default amount is approximately 470% of the company's TTM revenue of ₹25 crore
Bank of India rejected the company's One-Time Settlement (OTS) proposal of ₹42 crore in February 2025
NCLT has appointed S. Gopalakrishnan as the Interim Resolution Professional (IRP) to manage the company
The company's net worth is already deeply negative at -₹89 crore as per recent financial context
👀 What to Watch
Investors should monitor the public announcement by the IRP and the timeline for the resolution plan; equity shareholders typically face a total loss in CIRP if the liquidation value is less than the debt owed.
Supreme Engineering Q2 FY23 Revenue Drops 60% YoY; Reports Net Loss of ₹5.69 Crore
Supreme Engineering Limited reported a weak performance for the quarter ended September 30, 2022, with revenue from operations falling sharply to ₹6.37 crore from ₹16.19 crore in the same period last year. The company posted a net loss of ₹5.69 crore, a significant reversal from the ₹0.82 crore profit recorded in Q2 FY22. High finance costs and a substantial reduction in operational scale have severely impacted margins. The company also underwent a management change with the appointment of a new Company Secretary following a resignation.
Key Highlights
Revenue from operations declined by 60.6% YoY to ₹637.12 lakhs in Q2 FY23.
Company swung to a net loss of ₹569.41 lakhs for the quarter compared to a profit of ₹81.82 lakhs YoY.
Total borrowings as of September 30, 2022, stood at approximately ₹100.63 crore.
Finance costs for the half-year ended September 2022 reached ₹128.82 lakhs.
Management announced the appointment of Mr. Hemant Agarwal as Company Secretary effective November 14, 2022.
👀 What to Watch
Investors should exercise caution as the company shows signs of operational distress with declining revenues and a shift into losses. The high debt levels relative to equity and the sharp drop in business volume are significant red flags.
Supreme Engineering Q3 FY26 Results: Marginal Profit of ₹2 Lakhs Amidst Negative Net Worth
Supreme Engineering reported a marginal net profit of ₹2 Lakhs for the quarter ended December 31, 2025, compared to a loss of ₹22 Lakhs in the preceding quarter. Despite this small profit, the company's financial health remains critical with a negative net worth and loan accounts classified as NPA since August 2021. Total revenue for the nine-month period stood at ₹241 Lakhs with a cumulative net loss of ₹23 Lakhs. The auditor has raised a 'Going Concern' warning due to persistent losses, unpaid statutory dues, and significant regulatory non-compliances.
Key Highlights
Reported a marginal net profit of ₹2 Lakhs in Q3 FY26 against a loss of ₹22 Lakhs in Q2 FY26.
Total revenue for the nine-month period ended December 31, 2025, was ₹241 Lakhs.
Company net worth is negative as current liabilities exceed total assets, with loans in NPA status since 2021.
Significant regulatory lapses noted, including the absence of a Company Secretary and unfiled tax returns for FY20 and FY21.
Management has applied for a One Time Settlement (OTS) with banks and deposited a 10% preliminary amount.
👀 What to Watch
Investors should exercise extreme caution as the company faces severe structural risks, including a negative net worth and multiple legal non-compliances. The marginal quarterly profit is insufficient to mitigate the substantial 'Going Concern' uncertainty and debt default issues.
Supreme Engineering Reports Q2 FY26 Net Loss of ₹1.65 Cr; Net Worth Remains Negative
Supreme Engineering Limited reported a net loss of ₹164.90 lakhs for the quarter ended September 30, 2025, reversing a small profit of ₹7.32 lakhs in the previous quarter. Revenue from operations declined significantly by 38.8% quarter-on-quarter to ₹513.63 lakhs. The company continues to operate with a negative net worth, and its secured loan accounts have remained NPAs since August 2021. Furthermore, the auditor's report highlights severe regulatory non-compliances, including unfiled tax returns and the absence of a Company Secretary.
Key Highlights
Net loss of ₹164.90 lakhs in Q2 FY26 compared to a profit of ₹7.32 lakhs in Q1 FY26.
Revenue from operations fell to ₹513.63 lakhs from ₹839.01 lakhs in the preceding quarter.
Company's net worth is deeply negative, with total liabilities of ₹12,066.61 lakhs far exceeding total assets of ₹3,119.43 lakhs.
Secured loan accounts are classified as NPAs since August 2021, with no interest or principal servicing since that date.
Auditors flagged multiple non-compliances, including failure to file income tax returns for FY 2019-20 and FY 2020-21.
👀 What to Watch
Investors should exercise extreme caution as the company is in severe financial distress with negative net worth and ongoing NPA status. The multiple regulatory non-compliances and auditor concerns regarding 'going concern' status make this a high-risk stock.
Supreme Engineering Q1 FY26 Revenue Up 120% to ₹8.4 Cr; Auditors Flag Going Concern Risk
Supreme Engineering reported a revenue of ₹839.91 Lakhs for Q1 FY26, a significant jump from ₹382.25 Lakhs in the same quarter last year. However, net profit fell sharply to ₹7.32 Lakhs compared to ₹53.18 Lakhs in Q1 FY25. The auditors have issued a stern 'Emphasis of Matter' regarding the company's negative net worth and its status as a Non-Performing Asset (NPA) since August 2021. Additionally, the company is facing severe regulatory lapses, including the absence of a Company Secretary and unfiled tax returns for previous years.
Key Highlights
Revenue from operations increased by 120% YoY to ₹839.91 Lakhs in Q1 FY26.
Net profit for the quarter declined to ₹7.32 Lakhs from ₹53.18 Lakhs in the previous year's corresponding quarter.
Auditors flagged material uncertainty over 'Going Concern' as current liabilities exceed total assets and net worth is negative.
Loan accounts have been classified as NPA since August 19, 2021, with no interest or principal being serviced.
Multiple regulatory non-compliances noted, including missing Company Secretary, no Internal Audit, and unfiled Income Tax returns for FY 2019-20 and 2020-21.
👀 What to Watch
Investors should exercise extreme caution as the company's negative net worth and NPA status pose a high risk of total capital loss. The severe audit qualifications and regulatory non-compliances indicate significant internal governance issues.
