Shriram Pistons & Rings’ board approved an interim dividend of Rs. 5/- per share for FY 2025-26. The record date is February 6, 2026. The board also approved changing the company’s name to SPR Auto Technologies Limited, pending approvals. Furthermore, the board approved the issuance of secured, rated, listed, redeemable, non-convertible debentures (NCDs) aggregating up to Rs. 10,000 Million.
Interim Dividend Declared
The Board of Directors has approved an interim dividend of Rs. 5/- per share (face value of Rs.10/-) for the financial year 2025-26. This dividend will be paid to shareholders on record as of February 6, 2026, and is scheduled to be paid/dispatched by March 3, 2026.
Name Change Approved
Subject to approvals, the company name will change from “Shriram Pistons & Rings Limited” to “SPR Auto Technologies Limited“. The change is pending approval from the Ministry of Corporate Affairs and shareholders.
Debenture Issuance
The board has also approved the issuance of 100,000 secured, rated, listed, and redeemable non-convertible debentures (NCDs), each with a face value of Rs. 100,000/-. The total issuance will aggregate up to Rs. 10,000 Million. These NCDs will be offered on a private placement basis to eligible investors.
Memorandum and Articles of Association Alterations
Alterations to the Object clause and adoption of a new set of Memorandum of Association (“MOA”) have been approved. Additionally, the adoption of a new set of Articles of Association (“AOA”) has also been approved, both subject to shareholder approval.
Postal Ballot Notice
The board has decided to seek shareholder approval via postal ballot for items including company name change, object clause alteration, and adoption of new MOA and AOA sets.
Source: BSE
