NSEOne time settlement6d ago · 13 Aug 2026, 07:13 pm
One time settlement
Supreme Engineering Limited · SUPREMEENG
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Supreme Engineering Limited has informed the Exchange about One time settlement with Bank of India to reduce the debt liability of the company. The company has agreed to follow all the terms of the settlement and make all payments on time as scheduled.
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Supreme Engineering Limited has informed the Exchange about One time settlement with Bank of India
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SUPREMEENG_13082026191315_Announcements_OTS-Supreme.pdf
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August 13,2026
The Manager,
Listing Department
National Stock Exchange of India Ltd.
Exchange Plaza, C-1, Block G, Bandra Kurla Complex,
Bandra (E), Mumbai – 400 051
Symbol: SUPREMEENG
Sub: Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015- One Time Settlement with Bank of India
Dear Sir/ Madam,
In compliance of the provisions of Regulation 30 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015, it is hereby informed that the company has received One Time
Settlement (OTS) letter dated July 15, 2026, from Bank of India in respect of credit facilities availed by
company.
The Board of Directors approved and accepted the OTS offer on August 13, 2026. The Company has
agreed to follow all the terms of the settlement and make all payments on time as scheduled.
The requisite details are given hereunder:
Reasons for opting for OTS To reduce the debt liability of the company.
Brief Summary of the OTS Based on the letter from Bank of India, a One
Time Settlement (OTS) has been approved for
M/S Supreme Engineering Ltd for a total amount
of Rs. 60.32 Crores, which is payable within 90
days from the date of acceptance. An upfront
amount of Rs. 6.03 Crores (10%) has already been
deposited and balance to be paid as per payment
schedule.
Reg. Office: R-223, M.I.D.C. Complex Rabale, Thane Belapur Road, Navi Mumbai 400701. – Tel.:022-27692232 /
27691997, Fax: 022 27690341
E-mail: cs@supremesteels.com Website: www.supremesteels.com
Additionally, upon full receipt of the OTS amount,
all existing legal proceedings including
SARFAESI, NCLT, will be unconditionally
withdrawn.
Kindly take the above information on record.
Thanking you,
For Supreme Engineering Limited
Sanjay Chowdhri
Managing director
Din: 00095990
Reg. Office: R-223, M.I.D.C. Complex Rabale, Thane Belapur Road, Navi Mumbai 400701. – Tel.:022-27692232 /
27691997, Fax: 022 27690341
E-mail: cs@supremesteels.com Website: www.supremesteels.com