SPR Auto Technologies Limited has confirmed the successful and full utilization of proceeds from its recent issuance of listed, secured, non-convertible debentures (NCDs). The company raised a total of ₹1,000 crore through two series, with funds deployed strictly in accordance with the objects specified in the offering documents. As of March 31, 2026, no deviations or variations in the use of these funds have been reported.
Successful Capital Deployment
Following the private placement of its non-convertible debentures on February 23, 2026, SPR Auto Technologies Limited has successfully completed the utilization of the entire ₹1,000 crore raised. The capital was split equally into two distinct series: Series I Debentures (7.30%) and Series II Debentures (7.35%), each accounting for ₹500 crore.
Strategic Use of Funds
The capital raised was primarily earmarked for the refinancing of debt associated with the acquisition of 100% stakes in three Indian entities formerly under Spain’s Grupo Antolin. These entities have since been rebranded as SPR Auto Interior Lighting Solutions, SPR Auto Interior Solutions, and SPR Auto Interior Solutions Chakan.
In addition to debt refinancing, the funds were allocated to cover essential costs and expenses related to the issue, as well as for general corporate purposes. The company has officially verified that all allocations remained consistent with the objects stated in the original offer documents.
Commitment to Transparency
As of the quarter ended March 31, 2026, the company maintains that there have been no deviations or variations in the application of the issue proceeds. By ensuring the total funds were utilized as planned, the company demonstrates its adherence to financial discipline and operational objectives regarding its recent debt financing activities.
Source: BSE
