SPML Infra Limited

SPML Infra Ltd announced the allotment of 6,93,999 equity shares and 95,39,449 warrants through a circular resolution passed on July 18, 2026. This includes 3,09,141 equity shares allotted on a preferential basis to non-promoters for ₹5.75 Crore and 3,84,858 equity shares to National Asset Reconstruction Company Ltd on conversion of ₹7.16 Crore loan. Additionally, 95,39,449 warrants were allotted to promoter and non-promoter groups at ₹186 per warrant, with an initial infusion of ₹44.36 Crore (25% of the warrant value). These warrants are convertible into equity shares within 18 months.

SPML Infra Ltd has announced the closure of its trading window for dealing in the company's equity shares. This closure is in compliance with the SEBI (Prohibition of Insider Trading) Regulations, 2015. The window will be shut for all designated persons and their immediate relatives from July 1, 2026, until 48 hours after the declaration of the financial results for the first quarter ended June 30, 2026. This measure is a standard practice to prevent potential insider trading during the sensitive period leading up to financial result announcements.

The Board of Directors of 500402, in its meeting on May 28, 2026, approved the re-appointment of Mr. Tiruvidaimarudhur Srivatsan Sivashankar (DIN: 02720714) as a Non-Executive Independent Director. This re-appointment is for a second and final term of one year, effective from June 8, 2026, to June 7, 2027, and is subject to shareholder approval. Mr. Sivashankar is a financial services professional with over 30 years of experience, having held senior roles at Citibank and as a former MD at Rohatyn Group. The Board also considered and approved the Audited Standalone and Consolidated Financial Statements for the quarter and year ended March 31, 2026, with an unmodified audit opinion.

The Board of Directors of 500402 (SPML Infra Limited) met on May 28, 2026, to approve the Audited Standalone and Consolidated Financial Statements for the quarter and year ended March 31, 2026. The financial statements received an unmodified opinion from the statutory auditors, M/s. Maheshwari & Associates. Additionally, the Board approved the re-appointment of Mr. Tiruvidaimarudhur Srivatsan Sivashankar as a Non-Executive Independent Director for a second and final term of one year, effective from June 8, 2026, subject to shareholder approval.

The Board of Directors of 500402, in a meeting held on May 28, 2026, approved the Audited Standalone and Consolidated Financial Statements for the quarter and year ended March 31, 2026. The Auditors' Report, issued by M/s. Maheshwari & Associates, Chartered Accountants, carried an unmodified opinion on these financial statements. Additionally, the Board, based on the Nomination and Remuneration Committee's recommendation and subject to shareholder approval, approved the re-appointment of Mr. Tiruvidaimarudhur Srivatsan Sivashankar as a Non-Executive Independent Director for a second and final term of one year, effective from June 8, 2026, to June 7, 2027.

SPML Infra Ltd has secured a ₹165.41 Crore contract from Rajasthan Rajya Vidyut Prasaran Nigam Limited (RRVPNL) for the construction of a 400 kV Grid Substation and Transmission Infrastructure at Dahra, Kota, Rajasthan. The project is to be executed over a 24-month period. This order strengthens SPML Infra's portfolio in the high-capacity power substation and transmission sector, aligning with Rajasthan's energy transition initiatives.

SPML Infra Ltd has secured a ₹165.41 Cr contract from Rajasthan Rajya Vidyut Prasaran Nigam Limited (RRVPNL) for constructing a 400 kV Grid Substation and Transmission Infrastructure at Dahra, Kota, Rajasthan. The project is to be completed within 18 months. This order strengthens SPML Infra's position in the power substation and transmission sector, aligning with Rajasthan's energy transition initiatives.

SPML Infra Ltd has scheduled a Board of Directors meeting on May 28, 2026, to consider and approve the audited standalone and consolidated financial results for the fourth quarter and year ended March 31, 2026. The trading window for dealing in the company's securities has been closed from April 01, 2026, and will remain closed until 48 hours after the declaration of the financial results.

SPML Infra Ltd has released the Monitoring Agency Report by ICRA Limited for the quarter ended March 31, 2026, as per SEBI regulations. The report confirms no deviation from the objects of the preferential issue. Gross proceeds stand revised to ₹292.580 crore due to under subscription of equity shares. The proceeds credited to the Preferential Issue account stood at ₹210.43 Crore as on 31st March 2026.

SPML Infra Limited has secured a ₹1,128 crore contract from NTPC Limited to develop a 1 GWh Battery Energy Storage System (BESS) at NTPC's Barauni Thermal Power Station in Bihar. This marks SPML Infra's first large-scale grid Battery Energy Storage System project. The project includes supply, civil works, and erection of a 250 MW/1,000 MWh BESS, and will be executed over 18 months followed by 15 years of operation and maintenance. The project aims to integrate battery storage with thermal power infrastructure for peak load management and grid stability.