SPR Auto Technologies Limited has officially clarified its status regarding its designation as a Large Corporate entity. Based on the financial evaluation as of March 31, 2026, the company has confirmed that it does not meet the necessary criteria to be classified under this category. This transparency ensures that stakeholders are correctly informed of the company’s financial standing and regulatory profile for the current fiscal period.
Financial Standing and Classification
Following a thorough internal assessment, SPR Auto Technologies Limited (formerly known as Shriram Pistons & Rings Limited) has determined that it does not qualify as a Large Corporate entity. This assessment is based on the company’s financial data as of the fiscal year-end, March 31, 2026.
Key Financial Highlights
As part of its voluntary disclosure, the company reported its outstanding borrowings at Rs. 166.17 Crore. It is important to note that this figure excludes Rs. 1,000 Crore in Secured, rated, listed, and redeemable Non-Convertible Debentures (NCDs) issued during the FY 2025-26. These specific instruments were issued for acquisition purposes and are excluded from the standard definition of long-term borrowings under the current regulatory framework.
Credit Profile
The company maintains a strong credit standing, holding a rating of IND AA+ assigned by India Ratings and Research (Ind-Ra). This rating reflects the firm’s robust financial health and stability, despite the recent issuance of debt instruments to fund strategic business growth and expansion initiatives.
Source: BSE
