SPML Infra Limited has submitted the Exchange a copy Srutinizers report of Extraordinary General Meeting held on May 16, 2026. Further, the company has informed the Exchange regarding voting results.
SPMLINFRA · price
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SPML Infra Limited held an Extraordinary General Meeting on May 16, 2026 through video conferencing. Three special resolutions were passed with overwhelming shareholder approval (nearly 100% in favour). The resolutions approve: (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 3,84,858 equity shares to National Asset Reconstruction Company Limited (NARCL) by converting existing loans. The voting participation was low at around 10.69% of total shares, but all resolutions passed with only 54 votes against each. The scrutinizer Tumul Maheshwari confirmed all resolutions were passed with requisite majorities.
These approvals enable SPML Infra to raise fresh capital and restructure debt through equity conversion with NARCL. For shareholders, this could lead to dilution but strengthens the company's balance sheet. The 100% promoter voting support signals management confidence in the capital raise strategy.