Shriram Pistons & Rings Ltd. approved an interim dividend of ₹5 per share. A proposal to change the company name to SPR Auto Technologies Limited is also under consideration. The board approved raising up to ₹10,000 million through debentures and is seeking shareholder approval for amendments to its Memorandum and Articles of Association. The company has also reported its unaudited financial results for Q3 2026.
Interim Dividend Declared
The board has approved an interim dividend of ₹5 per share (face value of ₹10) for the financial year 2025-26. The dividend will be paid to shareholders on or before March 3, 2026, subject to applicable taxes. The record date for determining eligible shareholders is February 6, 2026.
Name Change Proposal
A proposal to change the company’s name from Shriram Pistons & Rings Limited to SPR Auto Technologies Limited has been approved, subject to approvals from the Ministry of Corporate Affairs and shareholders. This proposed change also necessitates alterations to the Memorandum of Association and Articles of Association.
Debenture Issuance
The board has approved the issuance of secured, rated, listed, and redeemable non-convertible debentures (NCDs) for up to ₹10,000 million. These NCDs will be issued in one or more tranches on a private placement basis to eligible investors, as per applicable laws.
Financial Performance: Q3 2026
The company’s standalone unaudited financial results for Q3 2026 show revenue from operations at ₹8,651 million. Profit for the period was ₹1,149 million. Earnings per share, both basic and diluted, stood at ₹26.08.
Postal Ballot Notice
The company will seek shareholder approval via postal ballot for changing the company name and altering the Memorandum and Articles of Association, as per the Companies Act, 2013.
Source: BSE
