SPML Infra allots 8.5 lakh shares at ₹215/share to promoter group

SPML Infra Ltd's Board of Directors approved the allotment of 8,50,000 equity shares, each with a face value of ₹2, at a price of ₹215 per share. This allotment, including a premium of ₹213 per share, was made on a preferential basis to Niral Enterprises Pvt Ltd, a promoter group entity. The shares were issued upon the exercise of rights attached to 8,50,000 warrants, in compliance with SEBI regulations. This move represents a capital infusion into the company and strengthens the promoter group's stake.