Proceedings of Extra Ordinary General Meeting held on 16th May 2026

Board & Shareholder Meetings View source PDF

SPMLINFRA · price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

+3.0%1-day move

₹198.00

prior close

₹196.00

base price

After-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

-0.5-0.5-1.3-1.5+3.0+0.4+1.3+4.5+6.4+11.1-1.6-5.1+4.3—

Up moveDown movePending

AI summary

SPML Infra Ltd held an EGM on 16th May 2026 via video conference. Three special business items were approved through e-voting: (1) issuance of up to 3,09,141 equity shares to non-promoters for fresh funds, (2) issuance of up to 95,39,449 warrants to promoter group and non-promoters for fresh funds, and (3) issuance of up to 3,84,858 equity shares to National Asset Reconstruction Company Limited (NARCL) by converting existing loan into equity. The meeting was chaired by Mr. Sushil Sethi, Vice Chairman, and voting results will be disclosed after the scrutinizer's report.

Likely market impact

The preferential issuance of equity shares and warrants will result in share dilution. The loan-to-equity conversion with NARCL indicates debt restructuring, which could reduce financial burden but dilute existing shareholders' stakes.