SPML Infra Limited has successfully completed the allotment of 11,44,436 equity shares to National Asset Reconstruction Company Limited (NARCL) through a debt-to-equity conversion worth Rs. 31.58 crores. The Board of Directors approved the allotment through a Circular Resolution passed on December 31, 2025.

Allotment Details

Regulatory Compliance

The allotment has been undertaken in accordance with the provisions of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 as amended and other applicable rules and regulations prescribed by regulatory or statutory authorities. NARCL, being a non-promoter entity, received the shares on a preferential basis as part of the debt conversion arrangement.

Background and Strategic Context

This allotment was previously announced as part of SPML Infra's efforts to maintain NARCL's 12.5% shareholding in the company, as required under their Master Restructuring Agreement. The conversion was initially planned to be approved at an Extraordinary General Meeting, but has now been executed through board resolution, demonstrating the company's commitment to its restructuring agreement.

Shareholding Impact

With this allotment completed, NARCL's shareholding position in SPML Infra has been maintained as per the restructuring agreement terms. The debt-to-equity conversion helps optimize the company's capital structure while ensuring compliance with the agreed shareholding requirements.

Market Communication

The company has informed both NSE (Scrip Code: SPMLINFRA) and BSE (Scrip Code: 500402) about the allotment completion as per Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. Company Secretary Swati Agarwal signed the regulatory filing confirming the allotment details.

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.