SPML Infra Ltd has announced the approval of Employee Stock Option Plan (ESOP) grants by its Nomination and Remuneration Committee. The infrastructure company disclosed this development in compliance with regulatory requirements under SEBI listing regulations.

ESOP Grant Details

The Nomination and Remuneration Committee of the Board of Directors, in its meeting held on March 28, 2026, approved the grant of stock options to eligible employees. The committee's decision represents a significant step in the company's employee retention and motivation strategy.

Regulatory Compliance

The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulation mandates listed companies to inform stock exchanges about material events and corporate actions that could impact investor decisions.

The granted options will be converted into an equal number of equity shares of the company upon exercise by the eligible employees. This conversion mechanism allows employees to become shareholders and participate in the company's future growth prospects.

Company Information

SPML Infra Ltd operates as an infrastructure development company with its registered office located at 22, Camac Street, Block-A, 3rd Floor, Kolkata 700 016. The company maintains its listing on both major Indian stock exchanges - NSE (Scrip Code: SPMLINFRA) and BSE (Scrip Code: 500402). The disclosure was signed by Company Secretary Swati Agarwal, ensuring proper corporate governance procedures were followed in the announcement.

SPML Infra Limited has completed the allotment of 6,65,000 equity shares to its promoter group entity, marking a significant capital raising exercise through warrant conversion. The company informed stock exchanges about this development through a regulatory filing under SEBI disclosure requirements.

Share Allotment Details

The Board of Directors approved the allotment through a circular resolution passed on 12th March, 2026. The shares have been allotted on a preferential basis to Niral Enterprises Pvt Ltd, which is identified as a promoter group entity of SPML Infra Limited.

Warrant Exercise Process

The allotment represents the exercise of rights attached to 6,65,000 warrants that were previously issued to the promoter group. This conversion mechanism allows warrant holders to convert their securities into equity shares at a predetermined price, providing the company with additional capital while giving promoters increased equity participation.

Regulatory Compliance

SPML Infra Limited has ensured full compliance with regulatory requirements for this allotment. The company has specifically mentioned adherence to:

• SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018
• SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015
• Other applicable rules and regulations prescribed by regulatory authorities

The preferential allotment to a promoter group entity follows established procedures for such transactions, ensuring transparency and regulatory compliance throughout the process. The company has duly informed both NSE and BSE about this development as required under listing regulations.