SPML Infra Allots 11.44 Lakh Shares to NARCL on Loan Conversion
SPML Infra Limited has announced the allotment of 11,44,436 equity shares, each with a face value of ₹2, on conversion of an existing loan. The Board of Directors approved this allotment via a circula...
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Why is SPML Infra Limited in the news today?
SPML Infra Limited (SPMLINFRA) is in the news due to the announcement is a routine disclosure regarding the allotment of shares due to loan conversion. it does not inherently represent a positive or negative development for the company's financial performance or market position.
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SPML Infra Allots 11.44 Lakh Shares to NARCL on Loan Conversion
December 31, 2025, 05:42 AM
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More Details on This News
SPML Infra Limited has announced the allotment of 11,44,436 equity shares, each with a face value of ₹2, on conversion of an existing loan. The Board of Directors approved this allotment via a circular resolution passed on December 31, 2025.
The shares were issued at a price of ₹276 per equity share, which includes a premium of ₹274. This preferential allotment was made to National Asset Reconstruction Company Limited (NARCL), a non-promoter entity.
The allotment adheres to the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended, and any other applicable regulatory or statutory requirements.
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