Investment17 Jan 2026, 05:20 pm
Supreme Industries to Invest INR 5 Crores in Vashishtha Research Private Limited, Acquiring 25% Stake
AI Summary
Supreme Industries Ltd. has signed a Share Subscription and Shareholders Agreement with Vashishtha Research Private Limited and its promoters on 17th January, 2026. Supreme will invest INR 5 Crores in Vashishtha, which translates to 25% of the post-issue capital on a fully-diluted basis. Vashishtha will act as the exclusive technology partner for the development and commercialization of pressure vessels for Supreme. The agreement includes standard clauses, right of first refusal, and special rights like the right to appoint directors.
Key Highlights
- Supreme Industries to invest INR 5 Crores in Vashishtha Research Private Limited
- Vashishtha to act as the exclusive technology partner for Supreme's pressure vessels
- Supreme to acquire 25% of the post-issue capital on a fully-diluted basis
- Standard clauses and right of first refusal included in the agreement
- Special rights like the right to appoint directors granted to Supreme