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| Exchange Disseminated Time | Supreme Industries Ltd has informed BSE regarding "Denial of rumors floating in the capital market / media regarding strategic equity issue by the Company and/or sale by the Promoters of the Company to institutions / funds / corporations based in Japan"
"There are rumors floating in the capital market/ media, pertaining to possible equity issue by the Company and/or strategic equity sale by the Promoters of the Company to some institutions! funds/ corporations based in Japan.
We have to categorically state in unequivocal terms that there is no question of any equity issue by the Company and/or sale of any strategic equity stake by the Promoters of the Company to any institutions/ funds/ corporations based in Japan or to any other entity, whether in India or outside India, The rumors floating in the market are absolutely false and baseless and it appears that the same are floated to mislead the general public at large by certain parties with some ulterior motives.
We have to state that presently the Company, has no plans to raise equity capital funds We also have to further state that the Promoters of the Company are holding 49.62% stake in the Company, as on date and they intend to continue to hold the same." |
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