Shriram Pistons & Rings’ Board has approved an interim dividend of Rs. 5/- per share, a name change to SPR Auto Technologies Limited (subject to approval), and plans for issuing secured, rated, listed, redeemable non-convertible debentures (NCDs) up to Rs. 10,000 Million. Object Clause and Articles of Association alterations were also approved, pending shareholder consent. The decisions were made at the board meeting held on February 2, 2026.
Interim Dividend Declared
The Board has approved an interim dividend of Rs. 5/- per share (face value of Rs.10/- per share) for the financial year 2025-26. The dividend will be paid to shareholders on or before March 3, 2026, subject to applicable taxes. The record date for determining eligibility is February 6, 2026.
Company Name Change Proposed
Subject to receiving necessary approvals, the company will change its name from Shriram Pistons & Rings Limited to SPR Auto Technologies Limited. This change is pending approval from the Ministry of Corporate Affairs and shareholders.
Expansion Through NCD Issuance
The Board has approved the issuance of secured, rated, listed, redeemable, non-convertible debentures (NCDs) aggregating up to Rs. 10,000 Million in one or more tranches. These NCDs will be offered on a private placement basis to eligible investors.
Object Clause and Articles of Association Alterations
The Board has also approved alterations to the Object clause and adoption of a new set of Memorandum of Association (MOA) and Articles of Association (AOA) of the Company, subject to shareholder approval.
Acquisition Details
The company successfully completed the acquisition of Antolin Lighting India Private Limited (ALIPL) and Grupo Antolin India Private Limited (GAIPL) and Grupo Antolin Chakan Private Limited (GACPL) subsidiary. The acquisition was completed on January 8, 2026.
Financial Performance Highlights
For the quarter ended December 31, 2025 (Q3), the company reported revenue from operations of Rs. 8,651 million and a profit after tax of Rs. 1,149 million. For the nine months ended December 31, 2025, revenue from operations stood at Rs. 25,737 million, with a profit after tax of Rs. 3,788 million.
Source: BSE
