SPML Infra Limited , a leading infrastructure development company in India, has announced a significant boost to its financial capabilities. The company has secured an enhanced credit facility of ₹505 crore, up from its previous limit of ₹205 crore, marking a substantial increase in its financial firepower.

Key Highlights of the Credit Facility

Implications for SPML Infra

The enhanced credit facility is expected to have several positive impacts on SPML Infra's operations:

1. Project Acceleration: The company plans to use this funding to fast-track its ongoing projects and drive growth in its infrastructure development initiatives.

2. Increased Bidding Capacity: With the expanded Bank Guarantee limits, SPML Infra will be better positioned to participate in larger projects across multiple sectors.

3. Operational Flexibility: The non-fund-based facility will strengthen the company's ability to meet contractual commitments and drive efficient execution across its infrastructure and EPC projects.

4. Financial Credibility: This approval from a leading PSU bank underscores SPML Infra's strong financial credibility and the trust it has earned in the infrastructure sector.

Management's Perspective

Mr. Abhinandan Sethi, Managing Director of SPML Infra Limited, expressed optimism about the new credit facility:

"This facility will help strengthen our operations and give us the ability to participate in larger projects across multiple sectors. With this financial support, SPML Infra will continue to grow its project portfolio and further build the confidence of our clients, suppliers, partners, and stakeholders."

Company Profile

SPML Infra Limited, with over four decades of experience, has established itself as a key player in India's infrastructure sector:

• Expertise: Spans across power, water, environment, and technology sectors
• Project Portfolio: Successfully executed over 700 projects
• Global Recognition: Ranked 14th among the World's Top 50 Private Water Companies by Global Water Intelligence (GWI), London
• Impact: Contributed to providing clean drinking water to over 50 million people across urban and rural areas in India

This enhanced credit facility is expected to play a crucial role in SPML Infra's ongoing efforts to drive sustainable development and create long-term value for all stakeholders in India's rapidly evolving infrastructure landscape.

SPML Infra Limited, a prominent player in India's infrastructure sector, has announced significant leadership changes subject to shareholder approval through a postal ballot. The company is seeking votes on three crucial resolutions that could reshape its top management and board composition.

Abhinandan Sethi Proposed as New Managing Director

The first resolution proposes the appointment of Mr. Abhinandan Sethi as the Managing Director for a five-year term from September 3, 2025, to September 2, 2030. Mr. Sethi, currently serving as the Chief Operating Officer, is set to take on a more pivotal role in steering the company's future. His proposed remuneration package includes:

• Fixed CTC: Rs. 2.00 crore per annum
• Variable Pay: 1% of the Net Profit if it exceeds the previous year's figure
• Additional perquisites including club fees, leave travel concession, and other standard benefits

Mr. Sethi, an alumnus of Boston University and London Business School, brings 14 years of experience to the role. He has been instrumental in shaping SPML Infra's strategic business and financial plans, overseeing project management, and driving the company's expansion into emerging sectors like Battery Energy Storage Systems (BESS).

Subhash Chand Sethi's Role Transition

The second resolution proposes changing Mr. Subhash Chand Sethi's designation from Chairman and Whole Time Director to Non-Executive Chairman and Director, effective September 3, 2025. Mr. Sethi, a veteran with 44 years of experience, has expressed his desire to transition into a strategic advisory role, focusing on mentoring the management team and guiding critical areas such as arbitration and claims settlement.

Notably, Mr. Subhash Chand Sethi has voluntarily waived his entitlement to remuneration and sitting fees for the upcoming year, considering it's the first year of the company's revival.

Appointment of Independent Director

The third resolution seeks approval for the appointment of Mr. Rajeev Kumar Jain as an Independent Director for a one-year term from September 3, 2025, to September 2, 2026. Mr. Jain, a distinguished civil servant from the 1991 batch of the Indian Information Service, brings over 33 years of experience as a communications specialist and media strategist.

E-Voting Details

SPML Infra has opened the e-voting period from September 12, 2025, to October 11, 2025, allowing shareholders to cast their votes on these resolutions. The company has appointed Mr. Tumul Maheshwari, a Practising Company Secretary, as the scrutinizer to ensure a fair and transparent voting process.

These proposed changes come at a crucial time for SPML Infra as it navigates through its revival phase and aims to strengthen its position in the infrastructure sector. The outcome of this postal ballot could significantly influence the company's strategic direction and governance structure in the coming years.

Shareholders are encouraged to review the detailed postal ballot notice and cast their votes before the deadline to participate in these important corporate decisions.