SPML Infra Limited has recently announced the approval for the issuance of up to 1,144,436 fully paid-up equity shares during a board meeting held on November 13, 2025. The shares, with a face value of Rs. 2 each, will be allocated on a preferential basis to the National Asset Reconstruction Company Ltd. (NARCL) as part of a strategy to convert unsustainable debt into equity. This move is contingent upon receiving shareholder approval at a general meeting and complying with regulatory requirements as stipulated in the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.

The board also reviewed and approved the unaudited standalone and consolidated financial results for the second quarter and half-year ending September 30, 2025. The available financial report shows a total income of Rs. 39,533.77 lakhs for the six months period, with a profit after tax of Rs. 2,740.34 lakhs. The results indicate a solid performance and are accessible on SPML's official website. The board meeting was conducted from 6:30 PM to its conclusion later that evening.

As a result of this issuance, SPML Infra's issued and paid-up share capital will rise from 7,168,946 shares to 7,283,904 shares, increasing NARCL's shareholding from 13.10% to 14.46% upon full conversion of existing warrants. The share price for the new issue will be determined based on the provisions of SEBI regulations on the relevant date. This strategic financial maneuver is expected to bolster the company's capital structure and enhance its operational capabilities moving forward.