SPML Infra Limited has announced the identification of five Senior Managerial Personnel (SMPs) following its annual organizational review process. The company informed stock exchanges about this development in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Board Decision and Regulatory Compliance

The Board of Directors of SPML Infra Limited, at its meeting held on 28th March, 2026, identified the Senior Managerial Personnel as per Regulation 16(1)(d) of SEBI regulations. This identification was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which mandates companies to disclose material events and information.

Organizational Restructuring Details

The identification of these personnel as SMPs results from the company's annual review of its organizational structure and hierarchy. The key factor driving this designation is the change in reporting lines, with all identified personnel now reporting directly to the Managing Director as of March, 2026. Additionally, their enhanced roles and functions within the company contributed to their identification as Senior Managerial Personnel.

Identified Senior Managerial Personnel

The company has identified five existing employees as Senior Managerial Personnel across various key functions:

Strategic Implications

The identification of these Senior Managerial Personnel reflects the company's focus on strengthening its leadership structure across critical business functions. The newly identified SMPs represent key areas including operations, technology, human resources, and legal affairs, indicating a comprehensive approach to senior management identification. All identified personnel are existing employees of the company, suggesting internal talent development and recognition of their expanded responsibilities within the organizational framework.

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.