SPML Infra Limited has secured a significant contract worth ₹165.41 Crore from Rajasthan Rajya Vidyut Prasaran Nigam Limited (RRVPNL). The order entails the construction of a 400 kV Grid Substation and Transmission Infrastructure at Dahra, located in Kota, Rajasthan. The project is scheduled to be executed over a period of 18 months.

The scope of work for the project includes the supply, erection, testing, and commissioning of the 400 kV Grid Sub-Station at Dahra. This includes the installation of one 500 MVA Autotransformer Bay and a 420 kV, 1×125 MVAR Bus-type Shunt Reactor Bay. Additionally, the contract covers the construction of two 400 kV Feeder Bays and three 400 kV Tie Bays, along with all associated civil works, automation, and communication systems.

Project Details

Rajasthan is a key region for India's energy transition, hosting some of the country's largest renewable energy producers. The upgradation of high-voltage grid infrastructure is critical to enabling the reliable evacuation and transmission of power across the state's expanding grid network. This order strengthens the company's portfolio in the high-capacity advanced power substation and transmission sector.

Strategic Focus

Abhinandan Sethi, Managing Director of SPML Infra Limited, highlighted the company's role in supporting Rajasthan's energy ambitions. He noted that with over four decades of expertise, the company brings technical capability and a track record of proven delivery to its projects. This order from RRVPNL is described as a milestone in the company's commitment to building India's power infrastructure.

The new contract adds to SPML Infra's expanding power vertical. It complements the company's Battery Energy Storage System (BESS) business and its established leadership in sustainable infrastructure development. The company maintains a strategic focus on high-margin, government-funded infrastructure projects across its three core verticals: Water, Power, and Energy Storage.

SPML Infra Limited held an Extra Ordinary General Meeting (EGM) on Saturday, May 16, 2026, at 12:30 PM through Video Conference/Other Audio Visual Means (VC/OAVM). The meeting was conducted in compliance with applicable Ministry of Corporate Affairs circulars, SEBI regulations, and the Companies Act, 2013. All three special resolutions placed before shareholders were passed with requisite majority. Subsequently, on May 18, 2026, the company submitted the e-voting results along with the Scrutinizer's Report to the stock exchanges pursuant to Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and Rule 20 of the Companies (Management and Administration) Rules, 2014.

Meeting Proceedings and Attendance

Mrs. Swati Agarwal, Company Secretary, welcomed members and briefed them on participation procedures. Mr. Sushil Sethi, Vice Chairman Director, chaired the meeting and called it to order upon confirmation of requisite quorum. Ms. Arundhuti Dhar, Independent Director, and Mr. Manoj Kumar Digga, Executive Director and CFO, were also present at the meeting. The remote e-voting facility was open from Wednesday, May 13, 2026, at 9:00 AM IST until Friday, May 15, 2026, at 5:00 PM IST. Members attending via VC/OAVM who had not cast their votes through remote e-voting were permitted to vote during the EGM. The Board of Directors appointed Mr. Tumul Maheshwari, Practicing Company Secretary, as the Scrutinizer to supervise the e-voting process.

Shareholder Participation

The cut-off date for identifying eligible voters was May 9, 2026. As of that date, there were 24,674 equity shareholders holding 8,39,16,179 equity shares. A total of 41 shareholders attended the meeting through Video Conferencing — 2 from the Promoter and Promoter Group, and 39 from the Public. According to the Scrutinizer's consolidated report, 92 shareholders holding 89,69,224 equity shares participated through remote e-voting, while 11 shareholders holding 33 shares cast their votes electronically during the EGM.

Special Business Transacted

The EGM, convened pursuant to a notice dated April 24, 2026, transacted the following special business items:

E-Voting Results

All three resolutions were classified as Special Resolutions, with the Promoter/Promoter Group not being interested in any of the agenda items. The consolidated voting outcome across all resolutions was identical, as detailed below:

The category-wise voting breakdown for each resolution was as follows:

For Resolution 1 and Resolution 2, votes in favour accounted for 99.9984% of votes polled, while votes against represented a negligible 0.0006%. For Resolution 3, votes in favour accounted for 99.9994% of votes polled, with votes against at 0.0006%. There were no invalid votes recorded for any of the three resolutions. All three resolutions were declared passed with requisite majority by the Chairman.

Post-Meeting Disclosures

The Scrutinizer's Report was prepared by Mr. Tumul Maheshwari of MT & Co., Company Secretaries, Delhi, bearing UDIN No. A016464H000380091, dated May 16, 2026. M/s. Maheshwari Datamatics Private Limited served as the Registrar and Share Transfer Agent (RTA), and M/s. National Securities Depository Limited (NSDL) provided the e-voting platform via https://evoting.nsdl.com . The EGM notice was sent to 21,543 shareholders out of a total of 23,042 on April 24, 2026. The voting results and Scrutinizer's Report were submitted to the stock exchanges by Mr. Manoj Kumar Digga, Director and CFO, on May 18, 2026. The consolidated results are also available on the company's website at www.spml.co.in .