SPML Infra Calls EGM to Approve Preferential Share Issue to Non-Promoters

SPML Infra Limited ( (IN:SPMLINFRA) ) just unveiled an announcement.

SPML Infra Limited has called an Extraordinary General Meeting on May 16, 2026, to be held via video conferencing, to seek shareholder approval for a preferential allotment of new equity shares. The company plans to issue up to 309,141 fully paid equity shares of Rs. 2 each at an issue price of Rs. 186 per share to three non-promoter investors, raising approximately Rs. 5.75 crore in fresh capital.

The proposed issue, subject to regulatory and shareholder approvals, will be made under SEBI’s preferential issue norms, with the new shares ranking pari passu with existing equity and being subject to prescribed lock-in requirements. This capital infusion from non-promoter entities signals an attempt to strengthen SPML Infra’s balance sheet and could support its ongoing infrastructure projects, while modestly diluting existing shareholders’ stake.

More about SPML Infra Limited

SPML Infra Limited is an Indian infrastructure company focused on engineering and construction projects, particularly in utilities and public infrastructure. Listed on both the National Stock Exchange and BSE, the company serves government and private clients with a portfolio spanning power, water, and other engineering services across India.

Average Trading Volume: 53,115

Technical Sentiment Signal: Buy

Current Market Cap: 16.84B INR

See more insights into SPMLINFRA stock on TipRanks’ Stock Analysis page.