Shriram Pistons & Rings’ board approved an interim dividend of Rs. 5/- per share. The company is also set to change its name to SPR Auto Technologies Limited, subject to approvals. Further, the board approved issuing secured, rated, listed, redeemable, non-convertible debentures up to Rs. 10,000 Million. Object clause changes and adoption of new MOA and AOA were approved, pending shareholder consent. The record date for the dividend is February 6, 2026.
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. The dividend payout is scheduled for or before March 3, 2026, subject to applicable tax deductions.
Proposed Name Change
Subject to necessary approvals, the company will change its name from Shriram Pistons & Rings Limited to SPR Auto Technologies Limited. This change requires approvals from the Ministry of Corporate Affairs, shareholders, and the Central Government (ROC), and will necessitate alterations to the Memorandum of Association and Articles of Association.
Debt Issuance Approval
The Board has also approved the issuance of up to 100,000 secured, rated, listed, and redeemable non-convertible debentures (NCDs), each with a face value of Rs. 100,000/-, aggregating up to Rs. 10,000 Million. These NCDs will be issued in one or more tranches on a private placement basis to eligible investors.
MOA and AOA Amendments
Alterations to the Object clause and adoption of a new set of Memorandum of Association (MOA), along with the adoption of a new set of Articles of Association (AOA), were also approved. These changes are subject to shareholder approval and are intended to align with the Companies Act, 2013.
Financial Results
The Board reviewed and approved the Un-Audited Standalone & Consolidated Financial Results for the quarter and nine months ending December 31, 2025 (Q3).
Source: BSE
