SPML Infra Limited has announced the successful allotment of 6,70,000 equity shares to its promoter group entity through the exercise of warrants. The company informed stock exchanges about this development through a regulatory filing under SEBI's Listing Obligations and Disclosure Requirements Regulations.

Share Allotment Details

The Board of Directors approved the allotment through a circular resolution passed on January 21, 2026. The shares have been allotted on a preferential basis to Niral Enterprises Private Limited, which is classified as a promoter group entity of SPML Infra Limited.

Warrant Exercise Process

The allotment represents the exercise of rights attached to 6,70,000 warrants that were previously issued to the promoter group entity. Each warrant carried the right to subscribe to one equity share of the company at the predetermined price of ₹215.00 per share.

Regulatory Compliance

SPML Infra Limited has confirmed that the allotment process has been undertaken in strict accordance with applicable regulatory frameworks. The company has complied with:

• SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018
• SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015
• Other applicable rules and regulations prescribed by regulatory and statutory authorities

Impact on Share Capital

With this allotment, SPML Infra Limited's paid-up share capital will increase by ₹13.40 lakhs, representing the face value of the newly allotted shares. The preferential allotment to the promoter group entity demonstrates continued confidence from the company's promoters and provides additional capital for business operations and growth initiatives.

Ace investor Vijay Kedia has acquired a significant stake in smallcap infrastructure company SPML Infra through a bulk deal transaction, according to exchange data. The investment highlights continued investor interest in select infrastructure and water management companies.

Transaction Details

The bulk deal transaction involved substantial investment by Kedia Securities in SPML Infra shares:

Company Profile and Operations

SPML Infra is an infrastructure development company with over four decades of expertise across multiple sectors. The company maintains a pan-India presence and has successfully executed over 700 projects, creating critical infrastructure solutions nationwide. SPML Infra's operations span drinking water facilities, wastewater treatment, integrated sewerage networks, municipal waste management, power transmission and distribution, substations, rural electrification, and smart city solutions.

The company has made significant contributions to providing clean drinking water to over 50 million people across urban and rural areas. Its diversified order book spans both urban and rural projects, providing revenue visibility across different market segments.

Shareholding Structure

SPML Infra maintains a relatively balanced shareholding pattern:

Business Performance Factors

Like many EPC (Engineering, Procurement, and Construction) players, SPML Infra's performance is closely linked to several operational factors. Execution efficiency, working capital management, and timely payments from government authorities significantly impact the company's financial performance. Investors typically monitor debt levels, cash flows, and order inflows closely for companies in this sector.

Investment Significance

Vijay Kedia is recognized for his investment approach focusing on mid- and smallcap companies with long-term growth potential. He often backs businesses that can benefit from structural themes over extended periods. His entry into SPML Infra through this bulk deal transaction is likely to keep the stock on investors' radar in the near term, particularly given the broader revival in select infrastructure and water management plays.