SPML Infra Limited — Others, 15-05-2025: Monitoring Agency Report

SPML Infra Limited has announced a monitoring agency report by ICRA Ltd confirming disciplined utilization of Rs. 292.58 Cr raised via preferential issue. Rs. 44.13 Cr was used mainly for margin money, working capital, and general corporate purposes, including Rs. 4.5 Cr repaid to NARCL trust. The remaining Rs. 248.45 Cr is parked in fixed deposits and bank balances, generating modest returns. Project timelines remain on track with no delays. This disciplined fund management supports the company’s operational stability and financial health.