SPML Infra Limited has informed the Exchange regarding Proceedings of Extraordinary General Meeting held on May 16, 2026
SPMLINFRA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
SPML Infra Limited held an Extraordinary General Meeting on May 16, 2026 via video conference. The meeting approved three preferential issuance proposals: (1) up to 3,09,141 equity shares to non-promoters for fresh capital, (2) up to 95,39,449 warrants to promoter group and non-promoters for fresh capital, and (3) up to 3,84,858 equity shares to National Asset Reconstruction Company Limited (NARCL) by converting existing loan into equity. Remote e-voting was conducted from May 13-15, 2026, with Mr. Tumul Maheshwari appointed as scrutinizer. Voting results will be disclosed after the scrutinizer's report.
Shareholders face potential dilution as the company issues fresh equity shares and warrants. The conversion of NARCL's loan into equity suggests debt restructuring. Promoter group participation in warrant issuance indicates their continued commitment to the company.