The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on December 03, 2025 for Niral Enterprises Pvt Ltd
SPMLINFRA · price
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Awaiting price reaction for this filing.
Niral Enterprises Pvt Ltd, a promoter entity of SPML Infra Ltd, has created a fresh pledge over 4,32,692 shares (0.57% of total share capital) in favor of SBICAP Trustee Company Ltd acting on behalf of National Asset Reconstruction Company Ltd (NARCL, India's bad bank). After this pledge, Niral Enterprises has 20,76,606 of its 26,30,553 shares (roughly 79% of its stake) encumbered. The pledge is linked to a Master Restructuring Agreement (MRA) dated 17 May 2024 between Niral Enterprises and NARCL, indicating that the promoter is restructuring existing debt with the asset reconstruction company.
Negative signal for shareholders — nearly 79% of Niral Enterprises' promoter holding is now pledged, with NARCL (a stressed-assets buyer) as the lender, suggesting the promoter group is under debt stress. Any invocation of the pledge could lead to a change in promoter shareholding and pressure on the stock.