SPML Infra appoints Agarwal as CFO from December 1, 2026

SPML Infra Limited has appointed Arun Kumar Agarwal as chief financial officer from 1 December 2026, replacing Manoj Kumar Digga in that role while Digga remains executive director. Agarwal brings more than 29 years of finance and accounts experience, including treasury, banking relationships, insolvency matters and a demerger, according to the 12 November 2026 filing.

When does SPML Infra's CFO change take effect?

SPML Infra's CFO change takes effect on 1 December 2026, when Agarwal becomes chief financial officer, or CFO, and Digga ceases to hold the CFO position. The board approved both changes at its meeting held on 12 November 2026, with the appointment and cessation carrying the same effective date.

The filing describes a simultaneous transition rather than separate announced handover dates. Agarwal will also become a key managerial personnel, or KMP, on 1 December 2026, while Digga will retain his position as executive director on SPML Infra's board.

The board meeting began at 2.35 PM on 12 November 2026 and also considered unaudited standalone and consolidated financial results for the second quarter ended 30 September 2026. SPML Infra disclosed the management change under Regulations 30 and 33 of the Securities and Exchange Board of India, or SEBI, Listing Obligations and Disclosure Requirements Regulations, 2015.

Who is SPML Infra's incoming CFO?

Agarwal is SPML Infra's incoming CFO and KMP from 1 December 2026, following recommendations from the Nomination and Remuneration Committee and the Audit Committee. The board then approved his appointment, and the company stated that he is not related to any director.

SPML Infra said Agarwal is a qualified Cost and Management Accountant, completing the qualification in 1997 when the institute was known as ICWA and is now ICMAI. His profile says he secured ranks in both the Inter and Final examinations and also holds an MBA in Finance and Marketing from Utkal University, a B.Com. (Hons.) from Calcutta University and an LLB.

The disclosure additionally identifies Agarwal as an Indian Institute of Management Bangalore alumnus. SPML Infra said his more than 29 years in finance and accounts cover treasury and fund management, strategic financial planning, finalisation of accounts under Indian Accounting Standards, or Ind AS, audits, taxation, transfer pricing, insurance, management information systems and budgeting.

What experience does Agarwal bring to SPML Infra?

Agarwal most recently served as whole-time director and CFO of VISA Industries Limited, a steel manufacturing company, according to SPML Infra's 12 November 2026 disclosure. He had been associated with the VISA Group since August 2008 and headed its finance and accounts function as well as banking relationships.

His stated responsibilities at VISA Industries also included matters under the Insolvency and Bankruptcy Code, or IBC, a demerger, and SAP and information-technology functions. The filing does not specify the dates of the insolvency process or demerger, but includes these areas in the profile supporting his 1 December 2026 appointment.

Before joining the VISA Group in August 2008, Agarwal spent a decade at Larsen & Toubro Limited from 1998 to 2008. His last stated role there was Head of Zonal Accounts for the East, providing a comparison between his earlier regional accounts role and his subsequent company-wide finance leadership role at VISA Industries.

What will Manoj Kumar Digga do after leaving the CFO role?

Digga will continue as SPML Infra's executive director after ceasing to be CFO on 1 December 2026. The company explicitly separates the CFO cessation from his board role, so the filing does not describe his departure from the company or from the board.

The annexure lists the reason for change as cessation as CFO and states that Digga will continue to serve on the board as executive director. It does not disclose another management designation for him, a replacement board appointment or a separate transition period beyond the common 1 December 2026 date.

The company also stated that Digga is not related to any director. Relative to the position before 1 December 2026, the change shifts the CFO and KMP responsibilities to Agarwal while retaining Digga's executive-director position on the board.

What stock-exchange disclosure authority will Agarwal receive?

Agarwal will be authorised from 1 December 2026 to determine whether events or information are material and to make required disclosures to stock exchanges. SPML Infra's board granted this authority under Regulation 30(5) of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

This authority is in addition to the KMP already authorised by SPML Infra, according to the filing. It links the incoming CFO's role to the mechanism for assessing materiality and submitting disclosures, rather than only to the finance and accounts responsibilities listed in his profile.

SPML Infra supplied the executive-change details under a SEBI Master Circular dated 30 January 2026. The annexure records Agarwal's appointment basis, effective date, professional profile and relationship disclosure, alongside Digga's CFO cessation effective from 1 December 2026.

The company did not disclose a fixed term for Agarwal's appointment in the annexure. It stated instead that the board appointed him as CFO based on recommendations from the Nomination and Remuneration Committee and Audit Committee.

Conclusion

SPML Infra's disclosed change is a planned finance leadership transition effective 1 December 2026: Agarwal will become CFO and KMP, while Digga will remain executive director. The appointment combines Agarwal's reported more than 29 years of finance experience with responsibility for materiality assessments and stock-exchange disclosures.

The next disclosed milestone is 1 December 2026, when Agarwal's CFO appointment, KMP status and Regulation 30(5) authority begin. The filing does not disclose a fixed appointment term or further steps in the transition, leaving implementation of the announced effective-date change as the stated event to watch.