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SPML Infra Limited Capital/Financing Update 2021
62612_rns_2021-05-03_b5b89a0d-6c37-445e-a7ec-63278ee45fa4.pdf
Capital/Financing Update
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Date: 03.05.2021
To,
National Stock Exchange Exchange Plaza, Plot No. C/1, G Block, Sandra (E), Mumbai-400051
(NSE Scrip Code: SPMLINFRA)
BSE Limited Phiroze Jeejeebhoy Towers Dalal Street, Mumbai-400001
(BSE Scrip Code: 500402)
Dear Sirs
Sub: Company Update
This is to inform that the Company is in discussion with its lenders for consideration and implementation of a Debt Resolution Plan in accordance with the Reserve Bank of India (Prudential Framework for Resolution of Stressed Assets) Directions 2019.
The aforesaid debt resolution plan, interalia, envisages strategic investment/ capital infusion of about Rs. 54 Crores in tranches or such amount as may be proposed by the Lenders in the said resolution plan on preferential basis from either its existing shareholders or new investors.
Pending the consideration of debt resolution plan by the lenders, the Company, from time to time, is reviewing and considering proposals, if any, from various interested parties for the aforesaid capital infusion in accordance with applicable laws.
The above is for your record and information.
Thanking you,
SPML INFRA LIMITED
22, Camac Street, Block-A, 3rd Floor, Kolkata- 700 016 Ph: +91 33 4009 1200/234/247 E-mail: [email protected] I Website: www.spml.co.in CIN: L40106DL1981PLC012228
Regd. Office: F-27/2, Okhla Industrial Area, Phase-II New Delhi-i ioozo ISO 9001:2015