Supreme Engineering Ltd. to hold 39th AGM on Oct 1, 2026; proposes preferential issue of shares and warrants.
Supreme Engineering Limited will hold its 39th AGM on October 1, 2026. The company proposes a preferential issue of 28.09 crore equity shares for ₹73.05 crore and 14.50 crore warrants for ₹37.70 crore. The authorized share capital will be increased to ₹67.70 crore. Mr. Sanjay Chowdhri is proposed for re-appointment as Director.
The preferential issue of equity and warrants totaling over ₹110 crore and the increase in authorized capital are material events that can significantly impact the company's financial structure, ownership, and future operations.
The announcement details a significant preferential issue of shares and warrants, alongside an increase in authorized capital, which is generally viewed positively as it can provide capital for growth and expansion.
Supreme Engineering Limited has announced its 39th Annual General Meeting (AGM) will be held on Thursday, October 01, 2026, at 10:00 AM IST at Supreme Special Steels, Khopoli, Maharashtra. The meeting will address the adoption of audited standalone financial statements for the financial year ended March 31, 2026, and the re-appointment of Mr. Sanjay Chowdhri as Director.
Key special business items include the rescission of an earlier resolution to increase authorized share capital and a proposal to increase the authorized share capital from ₹25.10 crore to ₹67.697 crore. Furthermore, the company proposes to issue up to 28,09,70,000 equity shares at ₹2.60 each (including a premium of ₹1.60) via a preferential issue, aggregating up to ₹73.05 crore to promoter and non-promoter categories.
Additionally, the company plans to issue up to 14,50,00,000 convertible warrants at ₹2.60 per warrant, convertible into equity shares at a premium of ₹1.60. The total issue size for warrants is ₹37.70 crore, with 25% payable upfront. The relevant date for calculating the floor price for both the equity share and warrant issue is fixed as Tuesday, September 01, 2026.
The AGM agenda also includes ratifying the remuneration of the cost auditors for the financial year ending March 31, 2027, with M/s. Dinesh Jain & Company appointed at ₹50,000 plus applicable taxes and expenses. The notice of AGM has been sent electronically to members, and the annual report is available on the company's website.
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Supreme Engineering Limited filed this with the NSE as a statutory disclosure, categorised under agm. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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