Description

SPML Infra Limited has listed 32,05,128 new equity shares issued to promoters on preferential basis, effective February 10, 2026.

Summary

BSE has approved the listing of 32,05,128 new equity shares of SPML Infra Limited (Scrip Code: 500402) issued to promoters on a preferential basis. The shares will commence trading from February 10, 2026, at an issue price of Rs. 118.56 per share (face value Rs. 2 plus premium of Rs. 116.56). All shares are subject to lock-in until August 30, 2027.

Key Points

  • 32,05,128 equity shares of Rs. 2/- each issued on preferential basis to promoters
  • Issue price: Rs. 118.56 per share (Rs. 2 face value + Rs. 116.56 premium)
  • Shares rank pari-passu with existing equity shares
  • Date of allotment: November 20, 2025
  • Trading commencement: February 10, 2026
  • ISIN: INE937A01023
  • Distinctive numbers: 72251772 to 75456899
  • Lock-in period: Until August 30, 2027 (approximately 30 months from allotment)

Regulatory Changes

No regulatory changes introduced. This is a standard listing notification for preferential allotment to promoters under existing SEBI regulations.

Compliance Requirements

  • Trading members must note the new securities for trading from February 10, 2026
  • All 32,05,128 shares are locked-in and cannot be transferred until August 30, 2027
  • Shares carry the same ISIN (INE937A01023) as existing equity shares

Important Dates

  • Allotment Date: November 20, 2025
  • Trading Commencement: February 10, 2026
  • Lock-in Expiry: August 30, 2027

Impact Assessment

Market Impact: Medium - The preferential allotment to promoters demonstrates confidence in the company but results in dilution for existing public shareholders. The significant lock-in period until August 30, 2027 ensures promoter commitment.

Operational Impact: Low - Routine listing process with no operational changes for trading members beyond noting the new securities for trading.

Shareholder Impact: The issue raised approximately Rs. 38 crores (32,05,128 shares × Rs. 118.56), strengthening the company’s capital base. The long lock-in period provides stability to the shareholding pattern.

Impact Justification

Preferential allotment to promoters increases share capital by approximately 7.3% with long lock-in period, indicating promoter confidence but diluting existing shareholders