SPML Infra shareholders approve equity issuance, director pay at EGM

SPML Infra Limited held an Extra Ordinary General Meeting (EGM) on December 10, 2025, conducted via video conference/other audio-visual means. Shareholders approved the issuance of 1,144,436 equity shares to National Asset Reconstruction Company Limited. This issuance is for the conversion of an existing loan on a preferential basis, signaling a significant step in the company's financial restructuring.

Additionally, the EGM approved the payment of additional remuneration to Tharuvai Venugopal Rangaswami, a nominee director, in addition to his sitting fee.

The meeting, chaired by Abhinandan Sethi, managing director, began at 12:30 PM and concluded at 01:00 PM. Remote e-voting was open from December 07 to December 09, 2025, with an additional e-voting facility provided during the EGM for members who had not yet cast their votes.