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 a price of Rs. 215 per share (including a premium of Rs. 213), pursuant to the exercise of rights attached to an equal number of warrants. The shares were issued on a preferential basis to Niral Enterprises Pvt Ltd, a promoter group entity. The allotment was approved by the Board through a circular resolution dated March 12, 2026, in line with SEBI's ICDR Regulations.
This is a warrant conversion by a promoter group entity, which increases the promoter group's shareholding and adds equity capital to the company. For existing shareholders, this means slight equity dilution but also signals continued promoter confidence in the business.