Shriram Pistons & Rings announced a board meeting outcome, including approval for a name change to SPR Auto Technologies Limited, pending approvals. An interim dividend of ₹5 per share was declared, with a record date of February 6, 2026. The company will issue secured, rated, listed, redeemable, non-convertible debentures (NCDs) up to ₹10,000 million. Object clause alteration is also planned, subject to shareholder approval.
Name Change to SPR Auto Technologies
The company’s name is set to change from Shriram Pistons & Rings Limited to SPR Auto Technologies Limited, subject to approvals from the Ministry of Corporate Affairs and shareholders.
Interim Dividend Announcement
An interim dividend of ₹5 per share (face value of ₹10) has been approved for the financial year 2025-26. The record date for determining eligible shareholders is February 6, 2026, with dividend payments scheduled on or before March 3, 2026, subject to applicable taxes.
Debenture Issuance
The company will issue up to ₹10,000 million in secured, rated, listed, and redeemable non-convertible debentures (NCDs) in one or more tranches on a private placement basis to eligible investors.
Postal Ballot Notice
A postal ballot notice will be sent to shareholders to seek approval for the name change and alteration of the object clause.
Financial Performance: Q3 2026
The company’s standalone unaudited financial results for Q3 2026 show revenue from operations at ₹8,651 million and net profit after tax at ₹1,149 million.
Commercial Paper Issuance
During the quarter, the company raised funds by issuing commercial papers listed on the National Stock Exchange of India Limited.
Acquisitions Completed
The acquisition of Antolin Lighting India Private Limited (ALIPL) and Grupo Antolin India Private Limited (GAIPL), along with Grupo Antolin Chakan Private Limited (GACPL), was completed on January 8, 2026.
Source: BSE
