Loan & Debt10 Sept 2026, 10:41 am
Supreme Infra Reduces Corporate Guarantee Exposure by ₹143.49 Cr
AI Summary
Supreme Infrastructure India Limited (SIIL) announced a significant reduction in its corporate guarantee exposure, decreasing it from approximately ₹180 crore to ₹36.51 crore, a reduction of nearly 80% or ₹143.49 crore. This reduction is a result of a court-approved amicable resolution plan for its erstwhile subsidiary, Kopargaon Ahmednagar Tollways (Phase I) Private Limited. The resolution plan settles various claims for ₹36.51 crore. SIIL views this as a crucial step in mitigating invocation risks and reducing contingent liabilities, aiming to strengthen its financial position by resolving legacy issues.
Key Highlights
- Corporate guarantee exposure reduced by ₹143.49 crore.
- Original exposure of ₹180 crore now stands at ₹36.51 crore.
- Reduction achieved through a court-approved resolution plan.
- Aims to mitigate invocation risk and reduce contingent liabilities.
- Strengthens the company's overall financial position.
Price Impact
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