SPML Infra board approves Q2 results, preferential share issue to NARCL

SPML Infra Limited's board of directors, in a meeting on November 13, 2025, approved the unaudited standalone and consolidated financial results for Q2 and the half year ended September 30, 2025. The company reported a standalone profit after tax of Rs. 1,525.24 lakhs for the quarter and Rs. 2,740.34 lakhs for the half year, with total revenue from operations at Rs. 18,776.14 lakhs for the quarter. Consolidated results show a profit after tax of Rs. 1,503.83 lakhs for the quarter and Rs. 2,715.59 lakhs for the half year, with total consolidated revenue from operations also at Rs. 18,776.14 lakhs for the quarter.

The board also approved the issuance of up to 1,144,436 fully paid-up equity shares of face value Rs. 2/- each on a preferential basis to National Asset Reconstruction Company Ltd. (NARCL), a non-promoter entity. This issuance is intended to convert unsustainable debt into equity shares and is subject to shareholder and regulatory approvals.

Following the preferential allotment, the company's issued, subscribed, and paid-up share capital will increase from 71,689,468 shares to 72,833,904 shares. NARCL's shareholding will rise from 13.10% to 14.46% (assuming full conversion of warrants issued on May 23, 2024, and October 24, 2024).