SPML Infra Limited Allots 3.25 Lakh Equity Shares to Promoter Group Entity at Rs. 215 Per Share

SPML Infra Limited has announced the allotment of 3,25,000 equity shares to promoter group entity Niral Enterprises Pvt Ltd through the exercise of warrants. The company informed stock exchanges about this development through a regulatory filing under Regulation 30 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. Board Approval and Share Details The Board of Directors of SPML Infra Limited approved the allotment through a Circular Resolution passed on March 2, 2026. The allotted equity shares carry a face value of Rs. 2 each and were issued at a price of Rs. 215 per share on preferential basis. Parameter: Details Number of Shares Allotted: 3,25,000 Face Value per Share: Rs. 2 Issue Price per Share: Rs. 215 Premium per Share: Rs. 213 Allottee: Niral Enterprises Pvt Ltd Allottee Status: Promoter Group Entity Warrant Exercise and Regulatory Compliance The allotment represents the exercise of rights attached to 3,25,000 warrants held by the promoter group entity. This preferential allotment was undertaken in accordance with the provisions of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 as amended, along with other applicable rules and regulations prescribed by regulatory and statutory authorities. Financial Impact The preferential allotment will result in fund raising for the company, with the total proceeds from the share allotment amounting to approximately Rs. 69.88 lakh based on the issue price of Rs. 215 per share. The significant premium of Rs. 213 over the face value indicates the shares were issued at a substantial premium to their par value. The company has duly informed both NSE and BSE about this corporate action, ensuring compliance with stock exchange notification requirements. This allotment represents a capital structure change that increases the company's equity base through the conversion of existing warrants into equity shares. SPML Infra Limited reported strong financial performance for Q3 FY26, demonstrating significant growth across key metrics during its earnings conference call held on February 17, 2026. The infrastructure company, with over 45 years of experience and 700+ milestone projects, continues its transition to SPML 2.0 focused on disciplined growth and higher margin opportunities. Financial Performance Highlights The company delivered robust quarterly results with substantial year-on-year improvements across all major financial parameters. Metric Q3 FY26 Q3 FY25 Growth (%) Revenue ₹231 crores ₹191 crores +21% EBITDA ₹26.3 crores ₹14.1 crores +86% EBITDA Margin 11.4% 7.4% +400 bps PAT ₹20.5 crores ₹10.4 crores +97% PAT Margin 8.9% 5.4% +350 bps For the nine months of FY26, SPML Infra achieved stand-alone revenue of ₹594 crores with EBITDA of ₹62 crores, translating to margins of 10.4%. PAT stood at ₹48 crores with margins of 8.0%. Strong Order Book and Business Pipeline SPML Infra witnessed strong order momentum during 9M FY26, securing fresh order inflows of ₹4,324 crores across water projects in Jharkhand, Madhya Pradesh, Rajasthan, and Tamil Nadu. This figure represents total project value including orders awarded through joint ventures. Order Book Component Value (₹ crores) Current Order Book 4,358 Legacy Orders 1,540 New Projects 2,800 Active Bids 8,000 The company has bid for tenders worth approximately ₹8,000 crores in Q3 and Q4 across water, BESS, and power segments. Management highlighted a total estimated opportunity size of approximately ₹5.7 lakh crores across various markets including Maharashtra, Madhya Pradesh, Jharkhand, Bihar, and Kerala. BESS Manufacturing Facility Progress SPML Infra is strategically positioned in the Battery Energy Storage System segment with its 2.5 gigawatt phase one manufacturing facility at Supa MIDC Pune. The facility construction is progressing as planned with structural framework currently being erected. Machinery is expected to arrive in February and March 2026, with commissioning to commence in a phased manner. BESS Facility Details Specifications Phase 1 Capacity 2.5 GWh Planned Phase 2 5 GWh Ultimate Capacity 10 GWh Expected Operations Q1 FY27 Technology Partner Energy Vault USA The company is actively bidding for BESS opportunities with visible pipeline of approximately ₹9,000 crores over the next 6 to 12 months. India's battery energy storage capacity is projected at 236 gigawatts by FY32, translating into a $57 billion market opportunity. Improved Financial Position and Credit Profile SPML Infra has meaningfully strengthened its financial position with steady progress on de-leveraging. The company repaid around ₹317 crores of debt over the last 2 years, including ₹47 crores of prepayment. The residual ₹383 crores payable to NARCL is spread over 6 years. Financial Strength Indicators Details Debt Repaid (2 years) ₹317 crores Current Ratio 1.81x Bank Facility Enhanced ₹205 to ₹505 crores Surety Bond Approval ₹180 crores Expected Warrant Conversion ₹100+ crores by April 22, 2026 The company expects sizeable cash flow after payment of agreed NARCL debt, which can be utilized for future growth. Credit profile was reaffirmed as stable by ICRA with further ratings under review. Management Guidance and Outlook For FY26, management provided guidance of 25% to 30% revenue growth and approximately 40% to 50% PAT growth. The completion of legacy lower margin projects and increasing contribution from higher margin new orders has begun to lift profitability. Most recently awarded projects have secured required design and drawing approvals, providing clear visibility on revenue recognition going forward. The company maintains its disciplined approach of not accepting any business with margins less than 10%, whether in BESS, power substation, or water segments. With significant portion of projects entering billing phase and execution momentum accelerating, SPML Infra is confident of delivering strong Q4 performance. We’re building Scanx - to help you express your trading & investing idea, to help you analyse the markets better. Stock Markets are the true indicator of the growth of any country's economy. We are bullish on India, we are bullish on India's prospects to be one of largest economies of the world. We believe that Stock Markets provide an unique opportunity for all Indians to participate in the growth story of India. We are enabling the same for Indians. As financial services are becoming more accessible, there is now a large set of Indians today who are financially aware and literate. They value time and seek high quality products & services. Most screening, trading, investing platforms available today are more or less similar to each other, and they have not evolved with time. While both traders & investors have gotten smart about how they make money and build wealth, as users they have continued to use the same products, features, and platforms that were available for years with little or no innovation. We plan to change that - a technology-led platform built for super traders and long term investors.