SPML Infra Limited has informed the Exchange regarding allotment of 665000 securities pursuant to Preferential Issue at its meeting held on March 12, 2026
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SPML Infra Limited has allotted 6,65,000 equity shares of face value Rs. 2 each at Rs. 215 per share (including a premium of Rs. 213) on a preferential basis. These shares were issued upon the exercise of rights attached to 6,65,000 warrants. The allotment was made to Niral Enterprises Pvt Ltd, a promoter group entity, and was approved by the Board via circular resolution on March 12, 2026. The total consideration from this allotment amounts to approximately Rs. 14.3 crore. The transaction complies with SEBI's ICDR Regulations, 2018.
This is a warrant conversion by a promoter group entity, which is mildly positive as it signals continued promoter commitment and brings in fresh capital without dilution from open markets. Existing shareholders will see a small dilution due to the issuance of new shares.