SPML Infra CFO Arun Kumar Agarwal steps down
SPML Infra (SPMLINFRA) said Arun Kumar Agarwal, CFO, has ceased; and Manoj Kumar Digga has ceased. The company is valued at about ₹1,337 crore.
What happened
In a filing with the BSE on 12 November 2026 at 06:43 PM, SPML Infra (SPMLINFRA) said that Arun Kumar Agarwal, CFO, has ceased; and Manoj Kumar Digga has ceased.
From the filing: "Arun Kumar Agarwal as CFO and KMP and cessation of Mr."
Company snapshot
SPML Infra is a small-cap company, with a market value of about ₹1,337 crore.
The stock last traded at ₹157.5, against a 52-week range of ₹124.1–₹234.8 (32.9% below the high).
Before this filing the shares had moved +3.5% over the month and −15.5% over three months. Average daily turnover over the last 20 sessions was about ₹7.16 crore.
Promoters held 40.52% at the end of Q2 FY27, down 0.33% points from the previous quarter; 22.85% of promoter shares were pledged. Foreign institutions owned 0.39% and domestic institutions 14.70%.
| Quarter | Revenue | Net profit | EPS (₹) |
|---|---|---|---|
| Q1 FY26 | 156 | 12.1 | 1.69 |
| Q2 FY26 | 188 | 15 | 2.1 |
| Q3 FY26 | 230 | 20.3 | 2.75 |
| Q4 FY26 | 291 | 27.2 | 3.39 |
| Q1 FY27 | 284 | -0.2 | 2.74 |
What history shows
BCEIE's records show 2 previous management change filings from the company since May 2026.
After those filings, the stock fell 4.2% on average the next trading day and was down 5.3% on average after five days (2 filings with price data).
Market-wide, 4,506 management change filings with an impact score of 50 or more saw an average next-day move of −0.0%, with 45% rising.
Past reactions describe what happened before; they are not a forecast.
| Date | Filing | Next day | 5 days |
|---|---|---|---|
| 12 Aug 2026 | Change in Management | −0.4% | −0.2% |
| 28 May 2026 | Management change | −8.0% | −10.3% |
What to watch
- The appointment of a successor and any change in strategy or guidance.
- 12 November 2026: Board meeting — Financial Results.
In the news
Recent coverage elsewhere (links open the original publisher):
Source
Automatically written from the exchange filing and BCEIE data. Not investment advice. Check the original filing before acting on it.