SPML Infra Limited's Board of Directors approved the allotment of 42,44,844 equity shares of face value Rs 2 each at a price of Rs 215 per share, including a premium of Rs 213 per share, on preferential basis to Promoter Group and non-promoters upon exercise of warrants. The allotment was undertaken in compliance with SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. Niral Enterprises Pvt. Ltd, a Promoter group entity, received the largest allocation of 18,94,717 shares, while other allottees including Tusk Investments Ltd, Shakti Finvest Pvt Ltd, and various individuals received the remaining shares.

SPML Infra Limited Allots 42,44,844 Equity Shares on Exercise of Warrants

SPML Infra Limited's Board of Directors has approved the allotment of 42,44,844 equity shares following the exercise of warrants by the Promoter Group and non-promoters. The shares carry a face value of Rs 2 each and were allotted at a price of Rs 215 per share, which includes a premium of Rs 213 per share. The decision was taken through a Circular Resolution passed on 22nd April, 2026, in accordance with Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015.

The allotment has been undertaken in compliance with the provisions of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended, along with other applicable rules and regulations prescribed by regulatory or statutory authorities. The preferential allotment was made to a mix of promoter group entities and public shareholders.

Breakdown of Allotment

The detailed allocation of shares across various categories is presented below:

Sl. No. Name of the Allottees Category No. of Warrants No. of Shares Allotted 1. Niral Enterprises Pvt. Ltd Promoter 18,94,717 18,94,717 2. SPML India Ltd 465,116 465,116 3. Tusk Investments Ltd Public 755,000 755,000 4. Vivaya Enterprises Pvt Ltd 23,250 23,250 5. Jalan Family Office LLP 116,000 116,000 6. Completion Trade & Commerce Pvt Ltd 116,280 116,280 7. Maithan International 120,000 120,000 8. Ritesh Agarwal 37,500 37,500 9. Shakti Finvest Pvt Ltd 2,79,070 2,79,070 10. Interglobe Overseas Ltd. 50,000 50,000 11. Pramod Jain 30,000 30,000 12. Rishav Digga 244,186 244,186 13. Arati Chakraborty 37,500 37,500 14. Rekha Jhunjhunwala 5,625 5,625 15. Ranjan Sachdeva 47,350 47,350 16. Ritika Jain 5,250 5,250 17. Seema Sharma 9,000 9,000 18. Rajni Sharma 9,000 9,000 TOTAL 42,44,844 42,44,844

Key Allotment Details

Niral Enterprises Pvt. Ltd, identified as a Promoter group entity, received the largest allocation of 18,94,717 shares, representing approximately 44.6% of the total allotment. Among public category allottees, Tusk Investments Ltd received 755,000 shares, while Shakti Finvest Pvt Ltd was allotted 2,79,070 shares. The remaining shares were distributed among various other entities and individuals.

The intimation regarding this allotment has been submitted to both the National Stock Exchange (NSE Scrip Code: SPMLINFRA) and BSE Limited (BSE Scrip Code: 500402) for necessary record and disclosure purposes. The company's registered office is located at 22, Camac Street, Block-A, 3rd Floor, Kolkata 700 016.

SPML Infra Limited has announced its investor presentation for Q1FY27 scheduled on 20 April 2026, pursuant to Regulation 30(6) of SEBI Listing Regulations. The presentation highlights the company's strategic positioning in India's water infrastructure sector and its expansion into Battery Energy Storage Systems (BESS) integration.

Strategic Focus on Energy Storage Integration

SPML Infra identifies India's renewable grid as entering its next growth phase, where energy storage becomes critical for reliability, flexibility, and round-the-clock power delivery. The company highlights the government's substantial pipeline of 20+ GWh storage projects and renewable-plus-BESS tenders as indicators of a decade-long scale-up opportunity.

Strategic Focus Areas: Details Pack Assembly: Battery pack integration services System Assembly: Complete system integration EPC + O&M: Engineering, procurement, construction, and operations Control Software: Grid management and control systems Value Proposition: High-margin, scalable solutions

Exclusive Partnership with Energy Vault

The company has secured an exclusive 10-year agreement with Energy Vault, a Swiss-headquartered, NYSE-listed global leader in energy storage. This partnership provides access to B-VAULT modular, grid-scale BESS technology and VaultOS integrated energy management platform.

Partnership Benefits: Details Technology Access: B-VAULT and VaultOS platforms Manufacturing Support: End-to-end technical support and training Quality Assurance: World-class reliability in BESS systems Flexibility: Multiple battery and inverter supplier integration

Manufacturing Facility and Capacity Expansion

SPML Infra has secured 99,000 sq. m. of industrial land at Supa-Parner MIDC, Maharashtra for its BESS manufacturing facility. The phased development plan includes Phase 1 delivering 2.50 GWh capacity by Q1 FY27, scaling to 5.00 GWh by FY28 with total planned investment of Rs. 175.00 crore.

Capacity Development: Timeline Target Phase 1: Q1 FY27 2.50 GWh Full Capacity: FY28 5.00 GWh Revenue Potential: Annual Rs. 4,000-5,000 crore 10-Year Target: 2026-2036 30-40+ GWh

Recent Order Wins and Financial Performance

The company has secured new orders worth Rs. 4,324.00 crore across water infrastructure projects, including a Rs. 1,128.00 crore BESS implementation project at NTPC Thermal Power Stations. For Q3 FY26, SPML Infra reported revenue of Rs. 231.10 crore with EBITDA margins of 11.40% and PAT margins of 8.90%.

Q3 FY26 Performance: Amount (Rs. Crore) Revenue: 231.10 EBITDA: 26.30 PAT: 20.50 EBITDA Margin: 11.40% PAT Margin: 8.90%

Market Opportunity and Strategic Positioning

India's BESS market is projected to reach 236.00 GWh by 2031-32 with an estimated cumulative market size of USD 57.00 billion, expanding to 1,840.00 GWh by 2047 worth USD 443.40 billion. SPML Infra positions itself as a complete BESS solutions provider offering design, installation, commissioning, and long-term operations and maintenance services.

The company's strategy focuses on capital-efficient assembly and integration rather than cell manufacturing, leveraging its 40+ years of EPC expertise and existing grid project experience to capture high-margin opportunities in India's evolving energy storage landscape.

Source: None/Company/INE937A01023/97fb45dfb19b4202.pdf

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