SPML Infra Limited has announced plans to issue 11,44,436 equity shares to National Asset Reconstruction Company Limited (NARCL) through a debt-to-equity conversion worth Rs. 31.58 crores. The company will seek shareholder approval for this move at an Extraordinary General Meeting (EGM) scheduled for December 10, 2025.

Key Details of the Proposed Issue

Maintaining NARCL's Shareholding

The issuance is part of SPML Infra's efforts to maintain NARCL's 12.5% shareholding in the company, as required under their Master Restructuring Agreement. This measure aims to ensure compliance with the agreement terms and optimize the company's debt structure.

Additional Remuneration for NARCL Nominee Director

SPML Infra will also seek shareholder approval at the EGM for an additional annual remuneration of Rs. 10.00 lakh to NARCL's nominee director. This compensation is over and above the sitting fees for attending board and committee meetings.

Impact on Shareholding

Post-issuance, assuming the conversion of warrants allotted on May 23, 2024, and October 24, 2024, NARCL's shareholding in SPML Infra is expected to be maintained at 12.55% of the company's paid-up equity share capital.

EGM Details

The Extraordinary General Meeting will be held on December 10, 2025, at 12:30 PM through video conferencing (VC) or other audio-visual means (OAVM), in compliance with applicable regulations.

SPML Infra's move to convert debt into equity and maintain NARCL's shareholding demonstrates the company's commitment to its restructuring agreement and efforts to strengthen its financial position. Shareholders will have the opportunity to vote on these proposals at the upcoming EGM.

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.