Vijay Kedia's Ownership Percentage Falls Due To Equity Dilution In This Multibagger Small-Cap Infrastructure Stock; FII Holding Increases
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SPML Infra witnessed increased institutional interest as FII shareholding rose from 0.36 per cent to 0.52 per cent, while ace investor Vijay Kedia, through Kedia Securities Private Limited, marginally reduced his stake to 1.79 per cent in Q4FY26.
✨ Key Takeaways
On Thursday, Indian equity benchmarks traded marginally higher, with the benchmark Nifty 50 index gaining 15.95 points, or 0.07 per cent, to 24,101.65. Amid the broader market movement, SPML Infra share price traded at Rs 187.00, down Rs 3.49 or 1.83 per cent from the previous close.
Ace Investor Vijay Kedia Holds Stake In Company
Ace investor Vijay Kedia, through Kedia Securities Private Limited, held 14,98,107 equity shares of SPML Infra as of Q1 FY27. While his shareholding percentage stood at 1.78 per cent, compared with 1.88 per cent in Q4 FY26, the decline was due to an increase in the company's equity capital following a preferential allotment and not because of any sale of shares by Kedia.
Further, Manju Vijay Kedia was allotted 13,45,000 warrants under the company's recent preferential issue. Upon conversion of these warrants into equity shares, the Kedia family's combined shareholding in the company is expected to increase.
SPML Infra Shareholding Pattern
Foreign Institutional Investors (FIIs) increased their stake in the company from 0.36 per cent in March 2026 to 0.52 per cent in April 2026, reflecting growing institutional interest in the stock.
At the same time, promoter shareholding increased from 40.19 per cent to 40.97 per cent, while public shareholding declined from 57.57 per cent to 56.73 per cent during the same period.
SPML Infra Allots Shares Under ESOP Scheme
Recently, SPML Infra informed exchanges that its Board of Directors, through a circular resolution passed on June 16, 2026, approved the allotment of 2,33,744 equity shares of face value Rs 2 each under the company's ESOP Scheme 2021. The allotment was made to eligible employees following the exercise of vested stock options.
Following the allotment, the company's paid-up equity share capital increased from 8,39,16,179 equity shares to 8,41,49,923 equity shares.
Also Read - Aatmanirbhar Bharat Boost: India's Defence Production Hits Record Rs 1.78 Lakh Crore In FY26; Defence Stocks Rally Up To 14%
About SPML Infra
SPML Infra Ltd is one of India's leading infrastructure development companies with a focus on water management, power transmission and distribution, wastewater treatment, smart city solutions and urban infrastructure projects.
The company has executed numerous infrastructure projects across India and has developed expertise in engineering, procurement and Construction (EPC) services. Over the years, SPML Infra has played a key role in delivering sustainable infrastructure solutions for government bodies, utilities and urban development authorities.
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Disclaimer: The article is for informational purposes only and not investment advice.