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.

SPML Infra Limited has announced the allotment of 3,25,000 equity shares to promoter group entity Niral Enterprises Pvt Ltd through the exercise of warrants. The company informed stock exchanges about this development through a regulatory filing under Regulation 30 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015.

Board Approval and Share Details

The Board of Directors of SPML Infra Limited approved the allotment through a Circular Resolution passed on March 2, 2026. The allotted equity shares carry a face value of Rs. 2 each and were issued at a price of Rs. 215 per share on preferential basis.

Warrant Exercise and Regulatory Compliance

The allotment represents the exercise of rights attached to 3,25,000 warrants held by the promoter group entity. This preferential allotment was undertaken in accordance with the provisions of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 as amended, along with other applicable rules and regulations prescribed by regulatory and statutory authorities.

Financial Impact

The preferential allotment will result in fund raising for the company, with the total proceeds from the share allotment amounting to approximately Rs. 69.88 lakh based on the issue price of Rs. 215 per share. The significant premium of Rs. 213 over the face value indicates the shares were issued at a substantial premium to their par value.

The company has duly informed both NSE and BSE about this corporate action, ensuring compliance with stock exchange notification requirements. This allotment represents a capital structure change that increases the company's equity base through the conversion of existing warrants into equity shares.