SPML Infra Limited Allots 42,44,844 Equity Shares on Warrant Exercise at Rs 215

SPML Infra Limited's Board of Directors has approved the allotment of 42,44,844 equity shares following the exercise of warrants by the Promoter Group and non-promoters. The shares carry a face value of Rs 2 each and were allotted at a price of Rs 215 per share, which includes a premium of Rs 213 per share. The decision was taken through a Circular Resolution passed on 22nd April, 2026, in accordance with Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015.

The allotment has been undertaken in compliance with the provisions of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended, along with other applicable rules and regulations prescribed by regulatory or statutory authorities. The preferential allotment was made to a mix of promoter group entities and public shareholders.

Breakdown of Allotment

The detailed allocation of shares across various categories is presented below:

Sl. No.	Name of the Allottees	Category	No. of Warrants	No. of Shares Allotted
1.	Niral Enterprises Pvt. Ltd	Promoter	18,94,717	18,94,717
2.	SPML India Ltd		465,116	465,116
3.	Tusk Investments Ltd	Public	755,000	755,000
4.	Vivaya Enterprises Pvt Ltd		23,250	23,250
5.	Jalan Family Office LLP		116,000	116,000
6.	Completion Trade & Commerce Pvt Ltd		116,280	116,280
7.	Maithan International		120,000	120,000
8.	Ritesh Agarwal		37,500	37,500
9.	Shakti Finvest Pvt Ltd		2,79,070	2,79,070
10.	Interglobe Overseas Ltd.		50,000	50,000
11.	Pramod Jain		30,000	30,000
12.	Rishav Digga		244,186	244,186
13.	Arati Chakraborty		37,500	37,500
14.	Rekha Jhunjhunwala		5,625	5,625
15.	Ranjan Sachdeva		47,350	47,350
16.	Ritika Jain		5,250	5,250
17.	Seema Sharma		9,000	9,000
18.	Rajni Sharma		9,000	9,000
TOTAL			42,44,844	42,44,844

Key Allotment Details

Niral Enterprises Pvt. Ltd, identified as a Promoter group entity, received the largest allocation of 18,94,717 shares, representing approximately 44.6% of the total allotment. Among public category allottees, Tusk Investments Ltd received 755,000 shares, while Shakti Finvest Pvt Ltd was allotted 2,79,070 shares. The remaining shares were distributed among various other entities and individuals.

The intimation regarding this allotment has been submitted to both the National Stock Exchange (NSE Scrip Code: SPMLINFRA) and BSE Limited (BSE Scrip Code: 500402) for necessary record and disclosure purposes. The company's registered office is located at 22, Camac Street, Block-A, 3rd Floor, Kolkata 700 016.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-2.34%	+8.60%	+38.69%	-5.62%	+0.90%	+2,109.95%

SPML Infra Limited has announced its investor presentation for Q1FY27 scheduled on 20 April 2026, pursuant to Regulation 30(6) of SEBI Listing Regulations. The presentation highlights the company's strategic positioning in India's water infrastructure sector and its expansion into Battery Energy Storage Systems (BESS) integration.

Strategic Focus on Energy Storage Integration

SPML Infra identifies India's renewable grid as entering its next growth phase, where energy storage becomes critical for reliability, flexibility, and round-the-clock power delivery. The company highlights the government's substantial pipeline of 20+ GWh storage projects and renewable-plus-BESS tenders as indicators of a decade-long scale-up opportunity.

Strategic Focus Areas:	Details
Pack Assembly:	Battery pack integration services
System Assembly:	Complete system integration
EPC + O&M:	Engineering, procurement, construction, and operations
Control Software:	Grid management and control systems
Value Proposition:	High-margin, scalable solutions

Exclusive Partnership with Energy Vault

The company has secured an exclusive 10-year agreement with Energy Vault, a Swiss-headquartered, NYSE-listed global leader in energy storage. This partnership provides access to B-VAULT modular, grid-scale BESS technology and VaultOS integrated energy management platform.

Partnership Benefits:	Details
Technology Access:	B-VAULT and VaultOS platforms
Manufacturing Support:	End-to-end technical support and training
Quality Assurance:	World-class reliability in BESS systems
Flexibility:	Multiple battery and inverter supplier integration

Manufacturing Facility and Capacity Expansion

SPML Infra has secured 99,000 sq. m. of industrial land at Supa-Parner MIDC, Maharashtra for its BESS manufacturing facility. The phased development plan includes Phase 1 delivering 2.50 GWh capacity by Q1 FY27, scaling to 5.00 GWh by FY28 with total planned investment of Rs. 175.00 crore.

Capacity Development:	Timeline	Target
Phase 1:	Q1 FY27	2.50 GWh
Full Capacity:	FY28	5.00 GWh
Revenue Potential:	Annual	Rs. 4,000-5,000 crore
10-Year Target:	2026-2036	30-40+ GWh

Recent Order Wins and Financial Performance

The company has secured new orders worth Rs. 4,324.00 crore across water infrastructure projects, including a Rs. 1,128.00 crore BESS implementation project at NTPC Thermal Power Stations. For Q3 FY26, SPML Infra reported revenue of Rs. 231.10 crore with EBITDA margins of 11.40% and PAT margins of 8.90%.

Q3 FY26 Performance:	Amount (Rs. Crore)
Revenue:	231.10
EBITDA:	26.30
PAT:	20.50
EBITDA Margin:	11.40%
PAT Margin:	8.90%

Market Opportunity and Strategic Positioning

India's BESS market is projected to reach 236.00 GWh by 2031-32 with an estimated cumulative market size of USD 57.00 billion, expanding to 1,840.00 GWh by 2047 worth USD 443.40 billion. SPML Infra positions itself as a complete BESS solutions provider offering design, installation, commissioning, and long-term operations and maintenance services.

The company's strategy focuses on capital-efficient assembly and integration rather than cell manufacturing, leveraging its 40+ years of EPC expertise and existing grid project experience to capture high-margin opportunities in India's evolving energy storage landscape.

Source: None/Company/INE937A01023/97fb45dfb19b4202.pdf