Shares of SPML Infra are likely to remain in focus after the company informed exchanges that its board has approved the allotment of equity shares following the conversion of an existing loan.
In a regulatory filing dated Wednesday, December 31, 2025, SPML Infra said its board, through a circular resolution, approved the allotment of 11,44,436 equity shares of face value Rs 2 each on a preferential basis.
Key details of the allotment
The shares have been allotted at an issue price of Rs 276 per equity share, which includes a premium of Rs 274 per share. The allotment has been made to National Asset Reconstruction Company Limited (NARCL), which the company clarified is a non-promoter entity.
According to the filing, the equity issuance is part of the conversion of an existing loan, resulting in an equity infusion into the company.
Regulatory compliance
SPML Infra stated that the allotment has been carried out in accordance with the provisions of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, along with other applicable statutory and regulatory requirements.
The company has disclosed the development under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Why the stock is in focus
The conversion of debt into equity is being tracked by market participants as it impacts the company’s capital structure. The preferential allotment to NARCL, a government-backed asset reconstruction entity, is also likely to draw investor attention as markets assess its implications on SPML Infra’s balance sheet and future financial positioning.
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