Supreme Industries Limited has announced the execution of a Share Subscription and Shareholders Agreement with Vashishtha Research Private Limited and its promoters. Under this agreement, Supreme Industries will invest ₹5 Crore, acquiring a 25% stake in Vashishtha Research Private Limited on a fully diluted basis.

Vashishtha Research Private Limited will serve as an exclusive technology partner to Supreme Industries for the development and commercialization of pressure vessels. The agreement includes significant terms such as the right to appoint directors on Vashishtha Research's board, pre-emptive rights for future share subscriptions, and restrictions on changes to the capital structure.

This strategic investment and partnership are aimed at enhancing Supreme Industries' capabilities in the pressure vessel segment. The transaction is not considered a related party transaction and will be conducted at arm's length.