Monitoring Agency Report for Quarter ended 31st March 2026
SPMLINFRA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
ICRA Limited, the monitoring agency, has confirmed that SPML Infra Limited is utilizing funds from its preferential issue correctly and as per disclosed objects. The company raised Rs. 292.58 crore (revised from Rs. 300 crore due to under-subscription of equity shares), consisting of equity shares and warrants at Rs. 215 each. As of March 31, 2026, Rs. 210.43 crore has been received and fully deployed: Rs. 42.15 crore for margin money (out of Rs. 81.17 crore allocation), Rs. 138.27 crore fully utilized for working capital, and Rs. 30.01 crore for general corporate purposes including repayment to NARCL (Rs. 4.50 crore) and BESS project payments (Rs. 25.51 crore). The unutilized Rs. 82.16 crore represents future warrant proceeds not yet received, not idle funds. All projects remain on schedule for 24-month completion.
Positive for investors as no deviations from fund utilization objectives were found. The company is on track with its stated capital deployment plans, and working capital requirements have been fully met.