SPML Infra Board Approves ₹190.34 Cr Preferential Issue & Warrants, ₹238.43 Cr Capex

SPML Infra Ltd's Board of Directors, in a meeting held on April 23, 2026, approved a significant fundraise and capital expenditure increase. The board sanctioned the issuance of up to 3,09,141 equity shares at ₹186 each, aggregating ₹5.75 crores, on a preferential basis to non-promoters for cash. Additionally, it approved the issuance of up to 95,39,449 warrants at ₹186 each, totaling ₹177.43 crores, convertible into equity shares within 18 months. A further 3,84,858 equity shares, worth ₹7.16 crores, will be issued preferentially to National Asset Reconstruction Company Ltd for loan conversion. The board also approved an increase in capital expenditure from ₹176.44 crore to ₹238.43 crore to expand BESS capacity from 2.5 GWh to 5 GWh, including allied facilities. An Extra Ordinary General Meeting (EGM) is scheduled for May 16, 2026, to seek shareholder approval for these proposals.