SPML Infra EGM Approves ₹190.34 Cr Preferential Issue for BESS Expansion
Published on: April 25, 2026, 2:03 a.m. | Source: scanx.trade
SPML Infra Limited secured shareholder approval at its EGM on May 16, 2026 for a ₹190.34 crore preferential issue comprising equity shares and warrants. The funds will finance BESS capacity expansion from 2.5 GWh to 5 GWh, establish a 600-unit per annum container manufacturing facility, support working capital requirements of ₹37.39 crores, and general corporate purposes of ₹45.79 crores. The issue includes 3,09,141 equity shares, 95,39,449 warrants, and 3,84,858 shares through loan conversion to NARCL, all priced at ₹186 per share.
