Supreme Engineering Revises Rs 73 Crore Preferential Issue Adding Ashish Kacholia

Board approved preferential issue of up to 28.10Cr equity shares at Rs 2.60 to 79 promoter and non-promoter investors, subject to shareholder nod. Replaced 5.08Cr shares for 9 ICDR-disqualified allottees. Advances long-pending revival fundraise linked to bank settlement closure; still only board approval with shareholder nod pending, and past authorisations slipped without allotment so treat as contingent. Proceeds central to funding bank settlement given debt-heavy negative-net-worth balance sheet; use-of-proceeds, OTS terms, shareholder meet date and pricing basis not disclosed; warrants unchanged.