Shriram Pistons & Rings’ board has approved an interim dividend of Rs. 5 per share (50%) for FY 2025-26, with a record date of February 6, 2026. The board also approved a proposal to change the company’s name to SPR Auto Technologies Limited, pending shareholder and regulatory approvals. Furthermore, the issuance of 100,000 secured, rated, listed, non-convertible debentures (NCDs) aggregating up to Rs. 10,000 Million was also approved.
Interim Dividend Declared
The Board of Directors has approved an interim dividend of Rs. 5 per share (face value of Rs. 10), which is 50%, for the financial year 2025-26. This dividend will be paid to shareholders whose names appear on the Register of Members as of February 6, 2026, the record date. Payout will occur on or before March 3, 2026, subject to applicable taxes.
Proposed Name Change
The Board has also approved changing the company’s name from “Shriram Pistons & Rings Limited” to “SPR Auto Technologies Limited”. This change is subject to receiving approvals from the Ministry of Corporate Affairs and shareholders.
Debt Issuance Approval
The board has 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. The total issuance can reach up to Rs. 10,000 Million and will be offered on a private placement basis to eligible investors. The NCDs will be issued in one or more tranches or series.
Other Key Decisions
The Board also approved the alteration of the object clause and adoption of a new Memorandum of Association (MOA), and alteration and adoption of a new set of Articles of Association (AOA), subject to shareholder approval. The company will also seek shareholder approval via postal ballot to give effect to the name change and MOA/AOA alterations.
The Board Meeting commenced at 4:15 P.M. and concluded at 5:05 P.M. on February 2, 2026.
Source: BSE
