Supreme Industries has entered into a Share Subscription and Shareholders Agreement with Vashishtha Research Private Limited. As part of the agreement, Supreme Industries will invest INR 5 Crores in Vashishtha Research, acquiring 25% of post-issue capital on a fully-diluted basis. Vashishtha Research will serve as Supreme’s exclusive Technology partner in the development and commercialization of pressure vessels.
Strategic Investment in Research Firm
Supreme Industries has signed a Share Subscription and Shareholders Agreement with Vashishtha Research Private Limited, effective January 17, 2026. This agreement signifies a strategic move to strengthen Supreme’s technological capabilities in a key area of its business.
Investment Details and Rationale
Under the agreement, Supreme Industries will invest INR 5 Crores in Vashishtha Research Private Limited. This investment will result in Supreme holding 25% of the post-issue capital of Vashishtha Research on a fully diluted basis. The primary goal of this partnership is to leverage Vashishtha Research’s expertise to enhance Supreme Industries’ capabilities in the development and commercialization of pressure vessels.
Vashishtha’s Role and Exclusivity
Vashishtha Research will act as the exclusive Technology partner to Supreme Industries in relation to the development and commercialization of pressure vessels. This exclusive partnership is intended to foster innovation and create competitive advantages for Supreme in the pressure vessel market.
Key Terms of the Agreement
The agreement includes several key terms:
Right to nominate a Director on the Board of Vashishtha.
Standard clauses for first refusal are incorporated into the Share Subscription and Shareholders Agreement.
Supreme’s investment of INR 5 Crores entitles it to 25% post-issue capital of Vashishtha Research on a fully diluted basis.
Source: BSE
