SPML Infra Publishes EGM Notice for ₹190.34 Cr Preferential Issue

SPML Infra Limited has published its newspaper advertisement under Regulation 47 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, confirming the Extraordinary General Meeting (EGM) scheduled for May 16, 2026. The company successfully secured shareholder approval for a comprehensive preferential issue aggregating ₹190.34 crores to support Battery Energy Storage System (BESS) expansion and working capital requirements.

Regulatory Compliance and Publication

The company submitted the newspaper advertisement to National Stock Exchange and BSE Limited on April 25, 2026, following the dispatch of EGM notice on April 24, 2026. The advertisement was published in Business Standard English edition and Arthik Lipi Bengali edition, ensuring compliance with regulatory requirements for shareholder communication.

Publication Details:	Information
Advertisement Date:	April 25, 2026
English Publication:	Business Standard
Bengali Publication:	Arthik Lipi
EGM Date:	May 16, 2026 at 12:30 PM (IST)
Meeting Mode:	Video Conferencing / Audio Visual Means

Preferential Issue Structure

The board has approved a multi-component preferential issue designed to strengthen the company's financial position. The issue includes three distinct components targeting different investor categories with a total aggregate amount of ₹190.34 crores.

Component:	Details	Amount
Cash Consideration Equity Shares:	Up to 3,09,141 shares at ₹186 per share	₹5.75 crores
Warrants Issue:	Up to 95,39,449 warrants at ₹186 per warrant	₹177.43 crores
Loan Conversion Equity Shares:	Up to 3,84,858 shares at ₹186 per share	₹7.16 crores
Total Aggregate Amount:		₹190.34 crores

E-Voting and Participation Details

The EGM will be conducted through video conferencing in compliance with MCA and SEBI circulars. Members holding shares as on the cut-off date of May 9, 2026, are eligible to participate in remote e-voting and the virtual meeting.

E-Voting Schedule:	Timeline
Remote E-Voting Commencement:	May 13, 2026 (9:00 AM IST)
Remote E-Voting End:	May 15, 2026 (5:00 PM IST)
Cut-off Date:	May 9, 2026
E-Voting Platform:	National Securities Depository Limited (NSDL)

Capital Expenditure Enhancement

The fundraising will enable substantial expansion of the company's Battery Energy Storage System capabilities and establish new manufacturing facilities. The enhancement will double the storage capacity and create additional manufacturing infrastructure.

Expansion Component:	Specification
BESS Capacity Increase:	From 2.5 GWh to 5 GWh
Container Manufacturing:	600 units per annum capacity
Capital Expenditure:	₹100 crores
Working Capital Requirements:	₹37.39 crores
General Corporate Purposes:	₹45.79 crores

Allottee Categories and Distribution

The preferential issue encompasses 23 proposed allottees across different categories, including promoter group entities and public investors. Notable allocations include National Asset Reconstruction Company Ltd receiving equity shares worth ₹7.16 crores through loan conversion, while promoter group entities such as Zoom Industrial Services Limited, Niral Enterprises Pvt Ltd, and Rishabh Homes Private Limited are among the major warrant recipients. The relevant date for determining the issue price is April 16, 2026, with all allotments subject to approval from relevant stock exchanges and compliance with SEBI (ICDR) Regulations, 2018.

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'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.