SPML Infra passes all AGM resolutions with over 99% shareholder support
- All four AGM resolutions passed with over 99% support from voting shareholders
- Total votes polled represented 35.92% of the company's outstanding equity shares
- Special resolution for Rajeev Kumar Jain's re-appointment saw the highest dissent at 0.0066%
- Promoters voted 77.60% of their holdings, while public shareholders polled ~10.4%
*this image is generated using AI for illustrative purposes only.
SPML Infra passed all four resolutions at its 45th Annual General Meeting held on September 25, 2026, with overwhelming shareholder approval. The company submitted the final e-voting results to stock exchanges, confirming that every agenda item received more than 99% of votes in favor.
The meeting was conducted via Video Conference, presided over by Chairman Subhash Chand Sethi. Remote e-voting was open from September 22 to September 24, 2026. Tumul Maheshwari, Practicing Company Secretary, served as the Scrutinizer. The results were disseminated to NSE and BSE on September 25, 2026.
Voting participation and turnout
As of the cut-off date on September 18, 2026, there were 26,258 equity shareholders holding 8,48,43,922 shares. A total of 214 shareholders participated in the voting process. Promoters and promoter group members voted 77.60% of their holding, while public shareholders (institutions and non-institutions) polled approximately 10.44% of their combined shares.
| Participant Category | Shares Held | Votes Polled | % of Shares Polled |
|---|---|---|---|
| Promoter and Promoter Group | 34,375,790 | 26,676,604 | 77.60% |
| Public - Institutions | 12,821,455 | 67,727 | 0.53% |
| Public - Non-Institutions | 37,646,677 | 3,732,961 | 9.92% |
| Total | 84,843,922 | 30,477,292 | 35.92% |
Resolution-wise voting outcomes
All resolutions were passed with requisite majority. The data shows minimal dissent across all items, with opposition votes consistently below 0.01% of total votes polled.
Ordinary resolutions
Item 1: Adoption of FY26 Financial Statements Shareholders approved the audited standalone and consolidated financial statements for the year ended March 31, 2026, along with Board and Auditor reports. 99.9983% of votes were in favor.
Item 2: Re-appointment of Manoj Kumar Digga Manoj Kumar Digga was re-appointed as Director upon retirement by rotation. The resolution secured 99.9982% support.
Item 3: Ratification of Cost Auditor Remuneration The remuneration for the Cost Auditor for FY27 was ratified with 99.9982% of votes in favor.
Special resolution
Item 4: Re-appointment of Rajeev Kumar Jain Rajeev Kumar Jain was re-appointed as Independent Director for a second term of five years. This special resolution received 99.9934% support, with 2,019 votes against, primarily from non-institutional public shareholders.
| Item No. | Resolution Description | Votes In Favour (%) | Votes Against (%) |
|---|---|---|---|
| 1 | Adoption of FY26 Financial Statements | 99.9983 | 0.0017 |
| 2 | Re-appointment of Manoj Kumar Digga | 99.9982 | 0.0018 |
| 3 | Ratification of Cost Auditor Remuneration | 99.9982 | 0.0018 |
| 4 | Re-appointment of Rajeev Kumar Jain | 99.9934 | 0.0066 |
Compliance and procedural details
The e-voting facility was provided by National Securities Depository Limited (NSDL). Notices were sent to 25,149 shareholders via email on September 2, 2026. The scrutinizer’s report confirmed no invalid or abstained votes. The meeting concluded at 11:50 am.
Historical Stock Returns for SPML Infra
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.17% | -2.09% | -10.67% | -23.39% | -34.73% | 0.0% |
How will SPML Infra's FY27 capital expenditure plans, implied by the approved financials, impact its order book visibility in the upcoming quarters?
Given the low institutional voting participation of 0.53%, what steps is the company taking to attract greater institutional investor interest and improve governance transparency?
What specific strategic initiatives has Independent Director Rajeev Kumar Jain outlined for his new five-year term to drive long-term shareholder value?
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