StockWatch
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Civil Construction
Loan & Debt21 Jul 2026, 10:25 am

Supreme Infrastructure India Ltd Achieves Final Financial Milestone for Scheme of Compromise

AI Summary

Supreme Infrastructure India Limited (SIIL) has announced the achievement of its final financial milestone for its Scheme of Compromise and Arrangement with lenders. The company, with promoter support, has created a Fixed Deposit of ₹120 Crores with State Bank of India to meet remaining settlement obligations. The Hon'ble Company Court acknowledged the deposit on July 20, 2026, granting time until August 17, 2026, for procedural completion. SIIL anticipates successful scheme implementation within the court-granted timeline, emphasizing its commitment to financial restructuring and operational revival.

Key Highlights

  • Final financial milestone achieved for Scheme of Compromise and Arrangement.
  • ₹120 Crores Fixed Deposit created with State Bank of India.
  • Court granted time until August 17, 2026, for procedural completion.
  • Company expects successful scheme implementation.
  • Focus on financial restructuring and operational revival.