SPML Infra Limited — Pledging, 24-12-2025: Pledge/Unpledge

SPML Infra: Insider Niral Enterprises Pvt. Ltd. has encumbered (pledged) shares held in the company. These shares are now pledged to SBICAP Trustee Company Ltd, acting for National Asset Reconstruction Company Limited. Investors should note this means a portion of the promoter group's holding is being used as collateral, a factor often watched to assess promoter financial health.