Nature of the Event

SPML Infra Limited has made a preferential allotment of equity shares and warrants to various entities, approved by the Board of Directors through circular resolution dated 18th July, 2026. The allotment was made in compliance with Regulation 30 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 and following receipt of in-principle approval from National Stock Exchange and BSE Limited.

Key Quantitative Figures

  • Equity Shares Allotted: 6,93,999 equity shares of face value ₹2 each
  • Issue Price: ₹186 per share (including premium of ₹184 per share)
  • Warrants Allotted: 95,39,449 warrants at ₹186 per warrant
  • Total Funds Raised:
  • ₹5.75 crore cash infusion from non-promoters for equity shares
  • ₹7.16 crore loan conversion by National Asset Reconstruction Company Ltd into equity
  • ₹44.36 crore (25% of warrant value) upfront payment for warrants
  • Total Potential Capital Raise: Approximately ₹177.41 crore upon full warrant conversion

Dates of Action

  • Board Approval Date: 18th July, 2026
  • Warrant Conversion Period: Within 18 months from date of allotment

Parties Involved

Allottees include:

  • Non-Promoters: Classic Fintrex Pvt Ltd, Sunita Banthiya, Bijay Kumar Agarwal, and 15 other entities
  • Promoter Group: Zoom Industrial Services Ltd, Niral Enterprises Pvt Ltd, and others
  • Financial Institution: National Asset Reconstruction Company Ltd (non-promoter)

Capital Structure Impact

Equity Share Allotment Breakdown:

  • 3,09,141 shares allotted for cash consideration of ₹5.75 crore to non-promoters
  • 3,84,858 shares allotted to National Asset Reconstruction Company Ltd against conversion of ₹7.16 crore existing loan

Warrant Allotment Terms:

  • Each warrant convertible into 1 equity share at ₹186 (including ₹184 premium) within 18 months
  • 25% of warrant value (₹44.36 crore) received upfront
  • Balance 75% to be paid at time of conversion

Shareholding Changes:

  • National Asset Reconstruction Company Ltd: Pre-allotment 12.52% → Post-allotment 12.87%
  • Zoom Industrial Services Ltd: 17.35% → 17.20% (after equity allotment, before warrant exercise)
  • Niral Enterprises Pvt Ltd: 9.03% → 8.95% (after equity allotment, before warrant exercise)

Financial Impact

  • Immediate Cash Inflow: ₹50.11 crore (₹5.75 crore equity + ₹44.36 crore warrant advance)
  • Debt Reduction: ₹7.16 crore loan converted to equity
  • Potential Future Cash Inflow: ₹133.05 crore upon warrant conversion
  • Dilution Impact: 6,93,999 equity shares issued immediately, potential additional 95,39,449 shares upon warrant conversion

Annexure Details

The annexure provides complete allocation details including:

  • Individual allottee names and quantities
  • Fund infusion amounts
  • Pre and post-allotment holding percentages
  • Warrant allocation quantities
  • Total consolidation of all allotments