SPML Infra Limited has informed the Exchange regarding allotment of 1144436 securities pursuant to Preferential Issue at its meeting held on December 31, 2025

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SPMLINFRA · price

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Price reactionminutes from the announcement price · days from the prior close

+3.7%Reaction day

₹170.46

prior close

₹172.66

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+1.4%+2.3% vs market

Civil Construction peers, median of 94sector+0.6%+3.1% vs sector

On the reaction day the stock moved 2.3 pts more than Nifty Microcap 250 and 3.1 pts more than its Civil Construction peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

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15m

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30m

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Sessions after the filingfrom the prior close

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Reaction day

+3.7+1.4+2.3+0.6+3.1

Next day

+11.5+1.6+9.8+0.8+10.7

+9.7+2.6+7.2+1.6+8.1

+8.6+2.8+5.8+0.4+8.2

+12.2+2.1+10.1-0.5+12.7

+9.5+2.2+7.3-1.1+10.5

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15d

+1.0-5.7+6.7-9.8+10.8

-3.8-5.5+1.8-11.3+7.5

-1.7-6.3+4.7-13.5+11.8

-0.3-11.1+10.8-20.9+20.7

UpDownMarket · Nifty Microcap 250Sector · Civil Construction peers, median of 94Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

SPML Infra has allotted 11,44,436 equity shares (face value Rs. 2 each) at Rs. 276 per share to National Asset Reconstruction Company Limited (NARCL), a non-promoter entity, on a preferential basis. The allotment is on conversion of an existing loan owed to NARCL, with a premium of Rs. 274 per share over face value. The total value of this conversion is approximately Rs. 31.58 crore. The Board approved this through a circular resolution on December 31, 2025, under SEBI's ICDR Regulations.

Likely market impact

This is a debt-to-equity swap where NARCL (a government-backed bad bank) converts its loan exposure into equity, reducing the company's debt burden but also diluting existing shareholders. The conversion price of Rs. 276 may be above or below current market price — investors should compare with prevailing share price to assess dilution impact.