SPML Infra Limited has secured a significant arbitration award of ₹21.61 crores from Chennai Metropolitan Water Supply and Sewerage Board (CMWSSB), the company announced in a regulatory filing on January 3, 2026. The arbitration award was received on December 31, 2025, marking a favorable outcome for the infrastructure company.

Arbitration Award Details

The company disclosed the arbitration award under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The award details are presented below:

Regulatory Compliance

SPML Infra Limited made the disclosure in compliance with SEBI regulations, informing both the National Stock Exchange and BSE Limited about this material development. The company emphasized that the arbitration award is subject to the terms and conditions as stipulated in the award document.

Company Communication

The regulatory filing was signed by Swati Agarwal, Company Secretary of SPML Infra Limited, on January 3, 2026. The communication was addressed to both major stock exchanges where the company's shares are listed - NSE (scrip code: SPMLINFRA) and BSE (scrip code: 500402).

This arbitration award represents a positive development for SPML Infra Limited, providing additional financial resources from the resolution of disputes with CMWSSB. The award amount of ₹21.61 crores could contribute to the company's financial position, subject to the fulfillment of conditions specified in the arbitration award.

SPML Infra has allocated 11.44 lakh shares to the National Asset Reconstruction Company Limited (NARCL) at ₹276.00 per share as part of a loan conversion arrangement. This transaction represents a significant corporate action involving the infrastructure development company and the government-backed asset reconstruction entity.

Share Allocation Details

The share allocation transaction involves specific parameters that highlight the scale and nature of this corporate development:

Corporate Action Context

This allocation represents a loan-to-equity conversion mechanism, where existing debt obligations are being restructured through equity participation. NARCL, as the recipient of these shares, is a government-backed asset reconstruction company that plays a crucial role in the resolution of stressed assets in the Indian banking sector.

The conversion price of ₹276.00 per share establishes the valuation basis for this transaction, providing NARCL with an equity stake in SPML Infra's operations. This mechanism allows the infrastructure company to address its debt obligations while providing NARCL with potential upside participation in the company's future performance.

Transaction Implications

The share allocation to NARCL reflects the ongoing asset resolution processes in India's financial sector. For SPML Infra, this conversion provides a structured approach to managing debt obligations while maintaining operational continuity. The transaction demonstrates the company's engagement with asset reconstruction mechanisms as part of its financial restructuring efforts.

This development adds NARCL as a stakeholder in SPML Infra's equity structure, potentially influencing the company's governance and strategic direction going forward. The conversion also represents NARCL's investment in the infrastructure sector through its asset resolution mandate.