Shriram Pistons & Rings Limited

Voting Results Overview

SPR Auto Technologies Ltd (formerly Shriram Pistons & Rings Limited) successfully conducted a postal ballot to seek shareholder approval for the appointment of a Director. The company confirms that the ordinary resolution has been passed with the requisite majority based on the scrutinizer's report dated October 23, 2026.

Director Appointment Details

Voting Statistics

The resolution was passed via remote e-voting. The scrutinizer reported the following voting metrics:

Governance and Compliance

• Scrutinizer: Ms. Preeti Grover (FCS 5862) of M/s PG & Associates, Company Secretaries, conducted the process.
• Record Date: September 18, 2026, was used to determine the eligibility of shareholders.
• Process: Remote e-voting was available to shareholders, and the company confirmed that all disclosures have been made pursuant to SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015.

What This Means for Investors

This announcement is a standard governance update reflecting the formal appointment of a director. As the resolution was passed with a high percentage of favorable votes, there are no reported conflicts or governance concerns regarding this appointment. Existing shareholders should note the change in board composition for their records.

Event Details

SPR Auto Technologies Limited has scheduled a conference call to discuss its financial results for the second quarter (Q2) and half-year (H1) of fiscal year 2027.

• Date: Monday, November 2, 2026
• Time: 16:00 hours IST
• Mode: Virtual (Audio conference)

Management Representatives

The management team scheduled to participate in the call includes:

• Mr. Krishnakumar Srinivasan: Managing Director & Chief Executive Officer
• Mr. Prem Rathi: Executive Director & Chief Financial Officer
• Mr. Nilesh Jain: Head Legal, Company Secretary & Compliance Officer

Call Access

Interested analysts and investors may join the call via the provided dial-in numbers or the registration link published by the company. Participants are advised to join at least 10 minutes prior to the scheduled time.

Overview

SPR Auto Technologies Ltd (formerly Shriram Pistons & Rings Limited) has released a statement containing details of its outstanding Non-Convertible Debentures (NCDs) as of September 30, 2026. This filing is in accordance with Clause 9.1(a) of Chapter VIII of the SEBI Master Circular No. SEBI/HO/DDHS/DDHS-PoD/P/CIR/2025/0000000137 dated October 15, 2025.

Outstanding NCD Details

The table below summarizes the listed, secured, rated, redeemable, non-convertible debentures currently outstanding.

Key Terms

• Payment Frequency: Interest is paid quarterly for both instruments.
• Principal Repayment: The principal amount is payable as a lump sum at maturity for both tranches.
• Embedded Option: None.

Investor Takeaway

This filing provides transparency on the company's existing debt liabilities. It is a periodic compliance requirement and does not represent new fundraising, corporate action, or a change in the company's financial position.

Board Meeting Update

SPR Auto Technologies Ltd has informed the stock exchanges that a meeting of its Board of Directors is scheduled for Friday, October 30, 2026.

The primary agenda for the meeting is to consider and approve the company's unaudited standalone and consolidated financial results for the second quarter and half-year ended September 30, 2026.

Trading Window

In accordance with the company's Code of Conduct for the Prevention of Insider Trading and SEBI regulations, the trading window for dealing in the securities of the company has been closed effective from October 1, 2026. This window will remain closed until 48 hours after the financial results are declared.

Publication Details

SPR Auto Technologies Ltd (formerly Shriram Pistons & Rings Limited) has released a public notice informing stakeholders of the re-opening of a 'Special Window' period for the re-lodgement of transfer of physical shares. This information was formally published on October 9, 2026, in the following newspapers:

• Financial Express (English)
• Jansatta (Hindi)

Shareholder Instructions

Shareholders who have pending matters or previously raised concerns regarding the transfer of their physical shares are advised to:

1. Review the details of the re-lodgement window process.
2. Visit the company's official website at https://shrirampistons.com/investor-information/regulatory-filings/newspaper-publications/ for specific guidance.
3. Ensure all documentation and procedural requirements are met to facilitate the transfer of their holdings during this active window.

Compliance Overview

SPR Auto Technologies Ltd has submitted the compliance certificate required under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018, for the quarter ended September 30, 2026. The certificate was issued by the company's Registrar and Share Transfer Agent (RTA), Alankit Assignments Limited.

Key Confirmations

The certificate confirms the following actions regarding physical share certificates received for dematerialization during the quarter:

• Listing: The securities comprised in the certificates have been listed on the respective stock exchanges.
• Verification and Cancellation: The certificates have been duly mutilated and cancelled after verification.
• Records Update: The name of the depository has been substituted in the company's records as the registered owner of the securities.

Key Highlights

SPR Auto Technologies Ltd has successfully completed the interest payment for its outstanding non-convertible debentures (NCDs) due on September 30, 2026. The payment was processed on September 29, 2026, ahead of the due date, ensuring full compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Interest Payment Details

The company maintains two series of NCDs, both of which were serviced. The following table summarizes the payment activity:

Note: Reported amounts are gross interest; actual payouts to holders are subject to applicable TDS.

What This Means for Investors

This disclosure provides transparency regarding the company's debt-servicing capability and regulatory compliance. As the company has confirmed timely payment, there are no concerns regarding default or delays related to this specific obligation. Shareholders should view this as a routine operational update demonstrating consistent adherence to financial commitments.

Publication Details. SPR Auto Technologies Limited (formerly Shriram Pistons & Rings Limited) has fulfilled regulatory requirements by issuing a newspaper advertisement regarding the completion of the dispatch of its Postal Ballot Notice to shareholders. This confirmation was published in The Financial Express (English) and Jansatta (Hindi) on September 23, 2026. ## Procedural Overview. The notice pertains to the completion of the dispatch of the Postal Ballot Notice and the associated arrangements for remote e-voting. This procedure is being conducted in compliance with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. ## What Shareholders Should Know. Shareholders are advised that the company has formally completed the dispatch of the Postal Ballot Notice. Shareholders should visit the official website at https://shrirampistons.com for further information and specific instructions regarding the e-voting process. This announcement serves as procedural compliance and does not contain material financial data.

Key Highlights

SPR Auto Technologies Ltd (formerly Shriram Pistons & Rings Ltd) has initiated a Postal Ballot process to seek member approval for the appointment of Mr. Arun Kumar Shukla as a Director (Key Managerial Personnel) in an executive capacity.

Remuneration Terms

The proposed remuneration for Mr. Shukla includes the following components:

• Salary: Rs. 2.85 lakh per month (Pay scale: Rs. 2.85 lakh – Rs. 3.60 lakh per month).
• Special Pay: Rs. 3.75 lakh per month, which will be set off against profit commission.
• Commission: 0.30% of annual profits before depreciation, donation, and taxes.
• Perquisites: Includes housing accommodation (60% of salary), utilities (Rs. 30,000/month), medical allowance (Rs. 8,333/month), furnishing allowance (Rs. 15,167/month), helper allowance (Rs. 10,000/month), company car, mobile, and other standard benefits.

Appointee Background

Mr. Arun Kumar Shukla is a Bachelor of Technology in Mechanical Engineering from IIT Kanpur. He has been associated with the company since 2009 and currently serves as part of the senior management team. His expertise includes manufacturing operations, project management, lean manufacturing, and operational excellence.

Voting Process

The company is conducting this voting process exclusively through remote e-Voting, in compliance with MCA circulars. Shareholders may cast their votes between September 23, 2026, and October 22, 2026. The results will be declared within two working days from the conclusion of the e-Voting period.

Investor Takeaway

This is a standard corporate governance procedure to formalize the appointment of an executive director. Shareholders should monitor the e-Voting timelines if they intend to exercise their voting rights. The company has clarified that this appointment does not affect the existing shareholding interests of other directors or key managerial personnel.

Corporate Compliance Update

SPR Auto Technologies Ltd (formerly Shriram Pistons & Rings Limited) informed the BSE and NSE on September 19, 2026, that it has published newspaper advertisements concerning its Postal Ballot Notice and E-Voting process. The advertisements appeared in the following newspapers:

• The Financial Express (English), dated September 19, 2026
• Jansatta (Hindi), dated September 19, 2026

Regulatory Compliance

The company stated that this disclosure is made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The purpose of this filing is to ensure that shareholders are properly notified of the postal ballot process and the associated electronic voting facilities as required by regulatory standards.

What This Means for Investors

This is a standard corporate governance procedure. Existing shareholders should monitor the company's communications, website, and relevant exchange filings to ensure they are aware of the timelines, voting methods, and resolutions being proposed through the postal ballot. No specific investment action is implied by this compliance update.

Corporate Action Details

SPR Auto Technologies Ltd has issued an intimation regarding the record date for the periodic interest payment on its listed non-convertible debentures (NCDs). This disclosure is in accordance with Regulation 60 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and relevant SEBI Master Circulars.

Interest Payment Schedule

Investor Takeaway

This filing confirms the scheduled interest payment for the company's listed secured NCDs. For investors holding these specific debt instruments, the record date of September 15, 2026, determines eligibility for the upcoming interest payout on September 30, 2026. This remains a procedural compliance matter and does not indicate any change in the company's broader operational or financial strategy.

Board, Management, Auditor, or Governance Update

SPR Auto Technologies Ltd has updated its list of Key Managerial Personnel (KMP) authorized to determine the materiality of events or information and to make disclosures to the stock exchanges under Regulation 30(5) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The company's board has additionally authorized Mr. Nilesh Jain, Company Secretary and Compliance Officer, to perform these duties. The following personnel are now authorized:

All authorized individuals can be contacted at the company's registered office address at 3rd Floor, Himalaya House, 23, Kasturba Gandhi Marg, New Delhi-110001, or via the designated compliance email (compliance.officer@shrirampistons.com).

Board and Governance Update

SPR Auto Technologies Ltd has formalized a change in its Key Managerial Personnel (KMP) following the conclusion of its Board Meeting held on September 4, 2026.

Leadership Transition Summary

Professional Background

The Board has appointed Mr. Nilesh Jain, a fellow member of the Institute of Company Secretaries of India (ICSI). He holds an LL.B. (Hons.) from Devi Ahilya University, Indore, and a B.Sc. degree.

Mr. Jain brings over 26 years of professional experience, including more than 15 years in management roles. His career spans the steel, tubes, and automotive sectors, with extensive expertise in:

• Corporate governance and SEBI compliances
• Corporate restructuring and M&A
• ESG oversight and capital market transactions
• Contract administration, litigation management, and internal controls

Investor Takeaway

This appointment is a standard administrative procedure for the company to maintain compliance with SEBI Listing Regulations. No material impact on the company's financial or operating performance is expected from this change.

Key Highlights

• Company: SPR Auto Technologies Ltd
• New Appointee: Mr. Nilesh Jain
• Designation: Company Secretary & Compliance Officer (Key Managerial Personnel)
• Effective Date: September 5, 2026
• Outgoing Officer: Ms. Nidhi Kandwal (Resignation effective close of business September 4, 2026)

Management Change

At the board meeting held on September 4, 2026, the directors of SPR Auto Technologies Ltd approved the appointment of Mr. Nilesh Jain as the Company Secretary and Compliance Officer. He succeeds Ms. Nidhi Kandwal, who had been serving in an interim capacity and resigned effective the close of business hours on September 4, 2026.

Profile: Mr. Nilesh Jain

Mr. Nilesh Jain is a fellow member of the Institute of Company Secretaries of India (ICSI) and holds an LL.B. (Hons.) from Devi Ahilya University, Indore, alongside a B.Sc. degree. He is a seasoned professional with over 26 years of experience, including more than 15 years in management roles leading cross-functional teams across listed companies in the automotive, steel, and tube sectors. His professional expertise includes corporate governance, SEBI compliance, M&A, capital market transactions, contract administration, litigation management, secretarial functions, risk management, and stakeholder relations.

Management Change Announcement

SPR Auto Technologies Ltd has formally announced a change in its Key Managerial Personnel (KMP) following a board meeting held on September 4, 2026.

Key Appointments and Resignations

• Appointment: The Board of Directors has approved the appointment of Mr. Nilesh Jain as the Company Secretary and Compliance Officer, effective from September 5, 2026.
• Resignation: The Board noted the resignation of Ms. Nidhi Kandwal from the position of Compliance Officer, effective from the close of business hours on September 4, 2026. Ms. Kandwal had been serving in an interim capacity.

Background of New Compliance Officer

Mr. Nilesh Jain is a Fellow Member of the Institute of Company Secretaries of India (ICSI). He holds an LL.B. (Hons.) degree from Devi Ahilya University, Indore, and a B.Sc. degree. He is a seasoned professional with over 26 years of experience, including more than 15 years in management roles leading cross-functional teams across listed companies in the Steel, Tubes, and Automotive sectors. His expertise encompasses corporate governance, SEBI compliance, corporate restructuring, M&A, ESG oversight, and capital market transactions.

Investor Takeaway

This update is a routine corporate governance matter regarding the appointment of a permanent Company Secretary and Compliance Officer. It does not indicate any change in the company's financial or operational strategy.

Key Highlights

Transaction and Investment Structure

SPR Auto Technologies Ltd has entered into agreements to acquire a 23.21% stake in Sunsure Solarpark Forty Private Limited. The total investment of Rs 6 crore will be executed in two tranches:

• First Tranche: Rs 0.90 crore (Rs 90,00,000), payable on or before September 24, 2026, subject to closing conditions.
• Second Tranche: Rs 5.10 crore, payable upon receipt of a subscription notice from the target entity.

Simultaneously, the company signed a Power Purchase Agreement with Sunsure Solarpark to procure solar energy for its manufacturing facility located in Pathredi, Rajasthan.

Strategic Rationale

The company stated that the acquisition is intended to meet green energy requirements, optimize energy costs, and ensure compliance with regulatory standards for captive power consumption under the Electricity Act, 2003. This is not a related-party transaction.

About the Target Entity

Sunsure Solarpark Forty Private Limited is a special-purpose vehicle incorporated in India on January 8, 2025. As of the filing date, the entity has not commenced commercial operations and has reported nil turnover. It is a wholly-owned subsidiary of Sunsure Energy Private Limited.

Investor Takeaway

This announcement represents a standard operational move by the company to secure stable, captive renewable energy. While the financial impact of the Rs 6 crore investment is limited relative to typical capital expenditures, it serves as an operational efficiency measure for the Rajasthan manufacturing plant. Investors should monitor the project's commissioning timeline and the execution of the power purchase agreement as the project moves toward operational status.

Transaction Overview

SPR Auto Technologies Limited (formerly Shriram Pistons & Rings Limited) has entered into a Share Subscription Agreement (SSA) and a Shareholders’ Agreement (SHA) with Sunsure Solarpark Forty Private Limited and Sunsure Energy Private Limited. The company will invest up to Rs 6 crore to acquire approximately 23.21% of the equity share capital (on a fully diluted basis) of Sunsure Solarpark.

Simultaneously, the company executed a Power Purchase Agreement (PPA) with Sunsure Solarpark on August 25, 2026, to procure solar power for its manufacturing facility located in Pathredi, Rajasthan.

Investment Terms

The investment will be completed in two tranches in accordance with the SSA:

Strategic Rationale

The acquisition is intended to meet the company's green energy needs, optimize energy costs, and comply with regulatory requirements for captive power consumption under the Electricity Act, 2003.

Target Entity Profile

Sunsure Solarpark Forty Private Limited is a special-purpose vehicle incorporated in India on January 8, 2025. It is a wholly-owned subsidiary of Sunsure Energy Private Limited. As of the disclosure date, the entity has not yet commenced commercial operations and has reported zero turnover since incorporation.

Governance and Compliance

The company has clarified that this is not a related-party transaction. The promoter, promoter group, and group companies have no interest in the entity being acquired. No specific governmental or regulatory approvals were cited as required for this acquisition.

Key Highlights

Issue Details

The Finance and Investment Committee of SPR Auto Technologies Ltd (formerly Shriram Pistons & Rings Limited) approved the allotment of 23,36,448 equity shares pursuant to its Qualified Institutional Placement (QIP). The issue, which opened on August 17, 2026, and closed on August 20, 2026, saw a final issue price of ₹4,280.00 per share. This price included a premium of ₹4,270.00 per share and factored in a discount of ₹158.20 per share (3.56% of the floor price) in accordance with SEBI ICDR Regulations.

The exercise successfully raised an aggregate amount of ₹9,99,99,97,440.00.

Capital Structure

Following the allotment, the company's paid-up equity share capital has been expanded. The new capital structure is as follows:

• Total Post-Issue Equity Shares: 4,63,86,272
• Total Post-Issue Paid-Up Capital: ₹46,38,62,720.00
• Face Value: ₹10.00 per share

Institutional Participation

The QIP attracted participation from 45 distinct institutional investors, including prominent names such as:

• Abu Dhabi Investment Authority (Monsoon & Way funds)
• ICICI Prudential Mutual Fund
• SBI Automotive Opportunities Fund
• Kotak Small Cap Fund
• Blackrock Global Funds - India Fund
• HSBC Mutual Fund
• Axis Mutual Fund
• Aditya Birla Sun Life Mutual Fund
• Prazim Trading and Investment Company Private Limited (11% of the total issue size)

Investor Takeaway

For existing shareholders, this QIP represents a successful capital raise that strengthens the company's balance sheet. While the issuance results in equity dilution, the participation of 45 institutional investors highlights continued market confidence in the company's growth prospects. Investors should monitor how the company deploys these funds to drive future operational or strategic expansion.

Corporate Action Details

SPR Auto Technologies Limited (formerly Shriram Pistons & Rings Limited) announced the completion of its Qualified Institutions Placement (QIP). The Finance and Investment Committee of the Board of Directors approved the allotment of 23,36,448 equity shares on August 20, 2026.

Key Issue Terms

The issue price of Rs 4,280.00 per share included a discount of Rs 158.20 per share (3.56% of the floor price) to the determined floor price.

Impact on Capital Structure

Pursuant to the allotment, the paid-up equity share capital of the company has increased to Rs 46,38,62,720.00, consisting of 4,63,86,272 equity shares of face value Rs 10.00 each.

List of Allottees

The allotment involved 45 investors, including prominent names such as:

• Prazim Trading and Investment Company Private Limited (11.00% of issue size)
• Abu Dhabi Investment Authority (Monsoon) (7.00%)
• ICICI Prudential Mutual Fund - Active Momentum Fund (7.00%)
• SBI Automotive Opportunities Fund (7.00%)
• Kotak Small Cap Fund (6.09%)
• Blackrock Global Funds - India Fund (4.50%)
• Ashoka Whiteoak India Opportunities Fund (3.88%)

The full list includes a mix of mutual funds, insurance companies, and investment firms.

Key Highlights

Transaction Details

The Finance and Investment Committee of SPR Auto Technologies Limited met on August 20, 2026, to approve the closure of the Qualified Institutional Placement (QIP). The process opened on August 17, 2026, and concluded following the receipt of application forms and funds in the escrow account from eligible qualified institutional buyers (QIBs).

The Committee approved the allocation of 23,36,448 equity shares at a price of ₹4,280.00 per share. This price was determined based on the SEBI ICDR Regulations and includes a premium of ₹4,270.00 per share over the face value of ₹10.

What This Means for Investors

For existing shareholders, this QIP represents an infusion of capital into the company, which can be utilized for growth initiatives, debt reduction, or general corporate purposes. However, the issuance also results in equity dilution. The issue price was set at a discount of 3.56% to the floor price, which is standard for institutional placements of this nature.

Investor Takeaway

The QIP is now closed, and the next steps involve the filing of the placement document and the confirmation of allocation notes to the investors. Shareholders should monitor subsequent company disclosures regarding the deployment of these raised funds, as this will be the primary driver of value creation from this capital injection.

Key Highlights

Transaction Details

SPR Auto Technologies Ltd has formally initiated a Qualified Institutions Placement (QIP) of equity shares. This follows the approval of the Board of Directors on May 11, 2026, and a special resolution passed by the shareholders on July 27, 2026. The Finance and Investment Committee approved the opening of the issue on August 17, 2026.

The company has set the floor price for the issue at Rs 4,438.20 per equity share, determined as per the SEBI ICDR Regulations. In accordance with these regulations, the company holds the discretion to offer a discount of not more than 5% on this floor price.

Corporate Governance and Trading Window

In compliance with the company's Code for Prevention of Insider Trading and SEBI regulations, the trading window for dealing in the securities of the company has been closed for all designated persons and their immediate relatives effective August 17, 2026. The window will remain closed until 48 hours after the determination of the final issue price.

Investor Takeaway

The initiation of this QIP marks a significant step in the company's capital-raising plans. Shareholders should monitor the final issue price and the extent of the discount provided, as these will influence the dilution level. The proceeds are intended to augment capital, and the completion of the process will be subject to the reception of bids from qualified institutional buyers.

Key Highlights

Corporate Action Details

SPR Auto Technologies Limited has informed its stakeholders via newspaper advertisements in the Financial Express (English) and Jansatta (Hindi) regarding the re-opening of a "Special Window" period. This window is specifically designated for the re-lodgement of transfer requests for physical shares.

Shareholders who currently hold physical certificates and are in the process of transferring them should pay attention to this administrative window. The company has provided further details on its official website for those wishing to comply with this procedural requirement.

What This Means for Investors

For most investors, this is a routine administrative update regarding share registry services. It does not reflect changes in the company's business performance, financial health, or operational strategy. If you do not hold physical shares in the company, this update is not directly relevant to your holdings.

Investor Takeaway

This is a standard corporate governance update meant to assist shareholders with physical certificates in resolving transfer issues. Existing shareholders holding physical shares should check the company's website to understand if this applies to their specific transfer requirements. There is no financial impact from this announcement.

Investor Meeting Overview

SPR Auto Technologies Limited (formerly Shriram Pistons & Rings Limited) held a series of meetings with several institutional investors to discuss the company's business and outlook. These interactions were conducted both virtually and physically on August 11, 2026.

Participating Investors

Compliance and Disclosure

The company confirmed that no unpublished price sensitive information (UPSI) was discussed during these meetings. Management maintained transparency by utilizing existing presentations that are already available on the company's official website and submitted to stock exchanges. This aligns with the company's obligations under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Corporate Identity

Investors should note the entity's name as SPR Auto Technologies Limited, formerly known as Shriram Pistons & Rings Limited. This update is consistent with the company's current regulatory filings and corporate documentation.

Investor Engagement Update

SPR Auto Technologies Limited has formally updated the stock exchanges regarding the conclusion of its virtual and physical one-on-one and group meetings with various institutional investors. These engagements are part of the company's ongoing efforts to maintain transparency and communication with the investment community.

Participating Investors

The company confirmed interactions with the following institutional entities:

• HSBC MF
• ICICI MF
• UTI MF
• Kotak Life
• ASK Group
• Janchor
• Other Investors (Group Meeting)

Regulatory Compliance

Management has explicitly stated that no unpublished price-sensitive information (UPSI) was shared during these meetings. The discussions were limited to previously submitted presentations that are already available in the public domain on the company's official website. This disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring the company adheres to standard corporate governance and transparency requirements.

Institutional Investor Meetings

SPR Auto Technologies Limited (formerly Shriram Pistons & Rings Limited) has concluded physical one-on-one meetings with several institutional investors. The company confirmed these engagements took place on August 10, 2026.

Meeting Participants

The company engaged with the following institutional entities:

• Axis MF
• DSP MF
• Tata AIA Life
• White Oak
• 360 One
• Breakout
• Value Quest

Compliance Declaration

Management has formally declared that no unpublished price-sensitive information (UPSI) was shared during these meetings. All discussions were based on existing public investor presentations available on the company website. This disclosure is in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Investor Takeaway

This update is a routine regulatory disclosure regarding institutional investor engagement. It confirms that the company maintains transparency in its communication practices by adhering to standard disclosure norms during investor interactions.

Key Highlights

Financial Snapshot

Financial Performance

SPR Auto Technologies delivered a strong consolidated performance for the first quarter of FY27. Despite broader industry challenges such as elevated commodity prices and supply chain disruptions, the company reported a 51% YoY growth in total income and a 27% YoY increase in EBITDA. Profit Before Tax (PBT) and Profit After Tax (PAT) also saw growth of 7% and 9%, respectively. Management noted that PAT growth was impacted by higher finance costs related to the acquisition of automotive interiors and lighting businesses, which are expected to normalize as debt is repaid.

Business and Operations

The company continues to execute its diversification strategy effectively. Powertrain-agnostic businesses now contribute over 35% of consolidated total income, with approximately 60% of the overall business relatively insulated from EV transition risks. The recently acquired automotive interiors and lighting business (Antolin) is performing well, with margins improving from the 7-8% range to early teens during the quarter.

In the EV segment, the electric motor and controller business continues to exceed targets. Meanwhile, capacity expansion efforts remain active, including phase four expansion in Takahata and the utilization of TGPEL capacity in Noida.

Risks and Watch Points

• Export Challenges: Export markets, particularly in Europe, America, and the Middle East, remain impacted by geopolitical situations, leading to supply chain ambiguities.
• Margin Sensitivity: Commodity price volatility and logistics costs have impacted margins. The company utilizes a quarter-lagged pass-through mechanism to manage these costs with OEMs, leading to temporary margin gaps.

Number Relationship Analysis

The relationship between top-line growth (51%) and EBITDA growth (27%) highlights the impact of external inflationary pressures. The lower growth rates for PBT (7%) and PAT (9%) compared to EBITDA reflect the added finance costs from recent strategic acquisitions. However, the company maintains a conservative leverage position, with a net debt of ₹550 crore and a net debt-to-equity ratio of 0.2x, providing financial flexibility for future growth.

Investor Takeaway

SPR Auto Technologies has demonstrated operational resilience in Q1 FY27, outperforming industry growth rates. The successful integration of acquired businesses and margin improvements in the interiors segment are key positives. While commodity-driven margin lags and geopolitical risks in export markets persist, the company's focus on expanding powertrain-agnostic offerings and EV capabilities serves as a long-term strategic buffer. Investors should monitor the normalization of finance costs and the ramp-up of new capacity expansions in the coming quarters.

Investor Engagement Overview

SPR Auto Technologies Limited (formerly Shriram Pistons & Rings Limited) conducted virtual one-on-one meetings with institutional investors on August 7, 2026. This disclosure is in line with the company's regulatory obligations regarding investor relations and communication practices.

Institutional Investors Met

Compliance and Transparency

The company management confirmed that no unpublished price sensitive information (UPSI) was disclosed during these interactions. The discussions utilized presentations that are already available to the public and previously submitted to the stock exchanges.

Investor Takeaway

This update is a procedural filing reflecting standard investor relations activity. It serves to inform shareholders of ongoing institutional engagement. No material financial or operational changes were announced, and the update is primarily for transparency and regulatory compliance purposes.

Investor Meeting Summary

SPR Auto Technologies Limited (formerly Shriram Pistons & Rings Limited) held virtual one-on-one meetings with institutional investors on August 7, 2026. These sessions are part of the company's ongoing investor relations activities.

Institutional Participants

The following investors participated in the meetings:

• Azlin Consultants
• Amansa
• Bajaj Life
• Alchemy

Compliance and Governance

The company confirmed that these discussions involved only the reference of previously submitted investor presentations, which are publicly available on the company's website. Management explicitly stated that no Unpublished Price Sensitive Information (UPSI) was shared during the sessions, strictly adhering to the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Investor Takeaway

This filing serves as a routine disclosure of corporate activity and investor engagement. It confirms the company's compliance with regulatory standards regarding the dissemination of information to institutional investors. No new financial results, operational updates, or material business developments were announced in this specific filing.

Overview of Investor Meetings

The company has scheduled a series of interactions with various institutional investors, asset managers, and financial analysts between August 7, 2026, and August 11, 2026. These meetings are intended to facilitate dialogue between the management and the investment community.

Important Regulatory Context

The company has emphasized that these meetings are routine in nature. It has explicitly clarified that no unpublished price-sensitive information (UPSI) will be discussed. All presentations provided during these interactions will be limited to information already available on the company’s website and stock exchange platforms.

Management has also noted that the provided schedule is subject to change due to logistical reasons, exigencies, or last-minute scheduling conflicts on the part of either the investors or the company.

Investor Takeaway

This announcement is a standard regulatory intimation of investor relations activity. It carries no material impact on the company's financial or operational standing. Investors should view this as a procedural update regarding the company's ongoing efforts to engage with the broader investment community.

Earnings Call Disclosure

The company has completed its earnings call process for Q1 FY27. As part of its regulatory obligations, SPR Auto Technologies Limited has made the audio recording of the conference call held on August 5, 2026, available on its official website. This disclosure ensures transparency and provides stakeholders with access to the management's commentary and analyst discussions.

Corporate Rebranding

Investors should note that the company is now formally operating under the name SPR Auto Technologies Limited. This entity was previously known as Shriram Pistons & Rings Limited. All future filings, disclosures, and investor communications will be conducted under the new corporate identity.

Regulatory Compliance

This filing is in accordance with Regulation 30(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Management has explicitly confirmed that all discussions held during the earnings call were based on publicly available information. The company stated that no Unpublished Price Sensitive Information (UPSI) was shared during the event, maintaining adherence to fair disclosure practices.

Investor Takeaway

For existing shareholders, this update is a routine procedural confirmation. The primary takeaways are the availability of the Q1 FY27 earnings call audio for those who wish to review the management's perspective and the formalization of the company's new name, SPR Auto Technologies Limited. No new financial results or specific operational metrics were disclosed in this filing.

Key Highlights

As part of its regulatory obligations, SPR Auto Technologies Ltd has published its un-audited financial results for the quarter ended June 30, 2026, in the following newspapers:

Regulatory Compliance

The company confirmed that the publication of these results is in adherence to Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The board of directors approved the un-audited standalone and consolidated financial results during their meeting held on August 4, 2026, in accordance with Regulation 33 of the SEBI Listing Regulations.

Investor Access

To facilitate easy access for stakeholders, the company included a Quick Response (QR) code within the newspaper advertisements, which leads directly to the detailed financial results. Additionally, in compliance with Regulations 46 and 62, the results are available on the official company website.

Investor Takeaway

This filing serves as a formal notification of regulatory compliance regarding the disclosure of quarterly financial results. Investors seeking to review the specific financial performance figures should visit the company's official website or utilize the QR code provided in the official newspaper notices.

Key Highlights

SPR Auto Technologies (formerly Shriram Pistons & Rings) delivered strong consolidated growth in Q1 FY27, supported by the integration of recent acquisitions. However, the operating environment remained challenging due to supply-chain disruptions and raw material costs.

Important Figures Used (Consolidated)

Financial Snapshot (Consolidated)

Revenue and Profitability Analysis

Consolidated performance reflects the impact of recent inorganic growth, with total income rising 51.2% YoY. The company's strategy of expanding into powertrain-agnostic businesses and integrating new entities has significantly bolstered the topline. However, standalone performance was more modest, with revenue growing 11.7% to ₹962.7 crore and profitability metrics showing decline compared to the previous year, reflecting a tougher operating environment for the legacy standalone business.

Margin Analysis

Margin compression was observed at the consolidated level, with EBITDA margin at 18.9% in Q1FY27 compared to 22.5% in Q1FY26. Standalone EBITDA margin also saw contraction, moving to 21.0% from 23.5% in the corresponding previous period. This is largely attributed to input cost inflation and supply-chain pressures.

Management Commentary

Management described the increase in finance costs—reported as ₹25.2 crore consolidated and ₹22.9 crore standalone—as a temporary necessity to fund the Antolin acquisition. They expect these costs to normalize once the debt is repaid. Outlook remains optimistic, driven by a resilient core business and an expanding portfolio.

Concerns and Watch Points

Investor Takeaway

SPR Auto Technologies is in a transition phase, leveraging acquisitions to drive consolidated growth while navigating margin challenges. Investors should monitor how effectively the company integrates the new business segments and whether the anticipated normalization of finance costs improves the bottom line in subsequent quarters. The resilience of the core legacy business remains a foundational metric to track against the impact of evolving industry headwinds.

Key Highlights

Financial Snapshot

Revenue and Income Analysis

The company witnessed strong top-line growth in Q1FY27, with consolidated total income rising to ₹1,499.2 crore (₹149,920 lakh), a 51.2% increase over the previous year. This performance was achieved against a backdrop of geopolitical tensions, supply chain disruptions, and volatile commodity prices. The standalone business also posted growth, with total income reaching ₹962.7 crore (₹96,270 lakh), up 11.7% YoY.

Profitability Analysis

Consolidated EBITDA grew by 26.6% to ₹282.8 crore (₹28,280 lakh). However, the consolidated PAT growth of 9.4% to ₹147.6 crore (₹14,760 lakh) reflects the impact of higher finance costs. Management noted that geopolitical tensions caused a specific EBITDA impact of approximately ₹30 crore (₹3,000 lakh) during the quarter.

Cost and Expense Analysis

Finance costs were a significant factor this quarter, driven by the funding of the Antolin acquisition. Consolidated finance costs were noted as elevated by ₹25.2 crore (₹2,520 lakh), while standalone finance costs were higher by ₹22.9 crore (₹2,290 lakh). Management has explicitly communicated that these elevated costs are a temporary effect expected to normalize once the acquisition-related debt is repaid.

Strategic Developments

• Portfolio Expansion: The integration of the recently acquired Automotive Interior Solutions companies (acquired January 2026) has been a significant milestone. These powertrain agnostic products now contribute over 35% of the consolidated total revenue.
• Backward Integration: The company continues to focus on operational efficiency through backward integration, supported by the earlier acquisition of Karna Intertech Pvt. Ltd. (completed April 2025), which provides gravity die casting moulds.
• Strategic Diversification: The business model is shifting toward powertrain agnostic domains, including motors and controllers for electric vehicles (EVs), and high-precision injection moulded components.

Concerns and Watch Points

What This Means for Investors

SPR Auto Technologies is navigating a complex external environment while actively pursuing inorganic growth. The strong revenue growth demonstrates effective market share capture and successful integration of new business lines. While current earnings are pressured by finance costs related to the Antolin acquisition, management's outlook remains confident that these costs are non-recurring. Investors should monitor the deleveraging timeline for the acquired debt and the ongoing revenue contribution from the newly diversified powertrain agnostic segments.

Investor Takeaway

The Q1FY27 results show a company in a state of deliberate transition. By expanding into powertrain agnostic domains, SPR Auto Technologies is actively de-risking its dependency on internal combustion engine growth. The top-line performance is robust, outgrowing industry metrics. For the coming quarters, the key focus areas for investors remain the normalization of finance costs, the sustained growth of the new interior solutions and EV components businesses, and the company’s ability to manage margins despite global supply chain pressures.

Key Highlights

Regulatory Context

The company received a communication from the Stock Exchanges regarding non-compliance with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Specifically, the exchange identified a delay in furnishing prior intimation about a board meeting for the month ended May 31, 2026.

Management Response

The Board of Directors reviewed the communication from the stock exchanges. To address this, the Board has advised the management to further strengthen the company's compliance monitoring mechanism. The stated objective is to ensure timely regulatory filings and prevent the recurrence of such non-compliance instances in the future.

Investor Takeaway

This filing serves as a transparency measure required by the stock exchanges following the imposition of a minor fine. The financial impact of the ₹11,800 penalty is immaterial to the company's overall financial position. For investors, the key takeaway is the board's formal acknowledgment of the regulatory lapse and its explicit directive to improve internal compliance oversight. No further material risk to operations is indicated by this specific disclosure.

Key Highlights

Financial Snapshot (Quarter Ended June 30, 2026)

Corporate Action Details

Shareholders approved a proposal to raise funds up to ₹1,000 crore (10,000 million) via Qualified Institutions Placement (QIP). The company plans to utilize these funds primarily for debt repayment and/or prepayment, alongside general corporate purposes. This approval was granted at the 62nd Annual General Meeting held on July 27, 2026.

Management and Compliance Changes

The Board of Directors approved the following appointments:

• Mr. Arun Kumar Shukla: Appointed as Additional Director and designated as Whole-time Director (Key Managerial Personnel) for a term of five years, effective August 4, 2026.
• Ms. Nidhi Kandwal: Appointed as the Compliance Officer, effective August 4, 2026.

Investor Takeaway

For investors, the key focus is the company's financial performance in Q1 FY27 and the upcoming capital deployment strategy. The approval of a ₹1,000 crore QIP is a significant step toward balance sheet deleveraging, which investors should monitor for impact on finance costs. Leadership changes, particularly the appointment of a new Whole-time Director, suggest a focus on maintaining operational continuity and management strength. Investors should continue to track the execution of the QIP and any updates regarding debt reduction timelines.

Key Highlights

Financial Snapshot

For the quarter ended June 30, 2026, SPR Auto Technologies Limited reported standalone revenue from operations of ₹941.6 crore (₹9,416 million) and a net profit of ₹111.9 crore (₹1,119 million). On a consolidated basis, which includes the performance of subsidiaries like SPR Engenious Limited and SPR Auto Interior solutions, revenue from operations reached ₹1,474.4 crore (₹14,744 million), with a net profit after tax of ₹147.7 crore (₹1,477 million).

Corporate Action Details

Shareholders authorized the Board of Directors on July 27, 2026, to raise funds not exceeding ₹1,000 crore (₹10,000 million) via Qualified Institutions Placement (QIP). The company intends to deploy the proceeds towards the repayment or prepayment of borrowings and for general corporate purposes.

Management, Auditor, and Compliance Changes

The Board of Directors approved the following appointments, effective August 4, 2026:

Debt Position

The company confirmed the utilization of funds raised from Series I and Series II non-convertible debentures (NCDs) (₹500 crore each) for the refinancing of debt related to the acquisition of Grupo Antolin's Indian entities. The security cover ratio on secured NCDs was 123% as of June 30, 2026.

Investor Takeaway

SPR Auto Technologies has shown steady operational performance in the latest quarter. The key development to watch is the company's upcoming QIP, as this represents a significant capital raise strategy aimed at debt optimization. Investors should monitor the progress of this fundraising and how the company utilizes these proceeds to manage its balance sheet. The new executive appointments indicate a focus on leadership stability and regulatory compliance. Shareholders should keep an eye on how these management changes and capital strategies influence future operational efficiency.

Financial Performance

Standalone Results (Q1 FY26-27)

Consolidated Results (Q1 FY26-27)

Important Figures Used

Corporate Action Details

Fundraising: The company received shareholder approval at the 62nd Annual General Meeting held on July 27, 2026, to raise funds not exceeding ₹1,000 crore via Qualified Institutions Placement (QIP). The funds are intended for the repayment or prepayment of borrowings and for general corporate purposes. This is a strategic move to manage capital structure and potentially lower finance costs.

Board and Management Updates

• Director Appointment: Mr. Arun Kumar Shukla has been appointed as an Additional Director and designated as Whole-time Director (Key Managerial Personnel) for a five-year term effective August 4, 2026.
• Compliance Officer: Ms. Nidhi Kandwal has been appointed as the new Compliance Officer and designated as Key Managerial Personnel, effective August 4, 2026.

Investor Takeaway

The company has demonstrated strong consolidated revenue growth compared to the same quarter last year, though standalone profit has declined. The primary focus for investors in the near term will be the execution of the authorized ₹1,000 crore QIP, which is expected to deleverage the balance sheet. With the corporate identity changed to SPR Auto Technologies Limited and new management appointments in place, shareholders should monitor how the company integrates its recently acquired subsidiaries and uses the new capital to improve long-term profitability.

Key Highlights

Financial Snapshot

Note: Comparable period figures refer to the quarter ended June 30, 2025.

Management and Compliance Updates

The Board of Directors has approved two key appointments effective August 4, 2026:

• Whole-time Director: Mr. Arun Kumar Shukla has been appointed as an Additional Director and designated as a Whole-time Director for a term of five years. He has been associated with the company since 2009 and is currently part of the senior management team.
• Compliance Officer: Ms. Nidhi Kandwal has been appointed as the Compliance Officer and Key Managerial Personnel.

Corporate Action Details

Following approval from shareholders at the 62nd Annual General Meeting held on July 27, 2026, the Board is authorized to raise funds not exceeding ₹1,000 crore (₹10,000 million) via a Qualified Institutions Placement (QIP). The proceeds from this issuance are intended for the repayment or prepayment of borrowings and for general corporate purposes.

Debt and Operational Clarity

The company has confirmed that funds raised through previously issued Non-Convertible Debentures (NCDs) (Series I and II, ₹500 crore each) have been fully utilized for refinancing existing debt related to the acquisition of Grupo Antolin entities. Additionally, the company clarified that these target entities have been renamed to reflect the "SPR Auto" brand identity.

What This Means for Investors

The results present a varied performance: while standalone profit experienced a decline compared to the same quarter last year, consolidated performance showed significant revenue growth and improved profitability. The appointment of a long-standing senior manager to a Whole-time Director role indicates management stability, while the authorized QIP provides the company with flexibility for capital structure management. Investors should monitor how the company utilizes the new QIP funds and whether the consolidated growth trend continues in subsequent quarters.

Investor Takeaway

Investors should note the divergence between standalone and consolidated performance, with the latter showing strong year-over-year expansion. The approval of a ₹1,000 crore QIP is a strategic move to manage leverage and strengthen the balance sheet. With new appointments in senior management and compliance, the company appears focused on both operational continuity and governance. Future quarters should be tracked to see if consolidated growth momentum persists and how the planned capital infusion impacts debt levels.

Key Highlights

Management Transition

SPR Auto Technologies Limited has informed the stock exchanges regarding a change in its senior management personnel. Mr. Sandeep Agrawal, who held the position of Executive Director and Chief Marketing Officer (CMO), has superannuated from the services of the company. His tenure as a Senior Management Personnel ceased at the close of business hours on July 31, 2026.

To ensure continuity, the company has announced that Mr. Rajan Nanda, currently serving as Executive Director - Marketing, will assume additional responsibility for the company's marketing function effective August 1, 2026.

Important Clarification

The company has explicitly clarified that the designation of 'Executive Director' for the aforementioned personnel is an internal title. This role should not be construed as a statutory position under the Companies Act, 2013, or the SEBI Listing Regulations.

Investor Takeaway

This filing represents a standard management succession event. The reallocation of marketing responsibilities to an existing Executive Director suggests a focus on operational continuity. Investors should view this as a routine organizational adjustment rather than a significant strategic pivot.

AGM Voting Results Overview

SPR Auto Technologies Limited held its 62nd Annual General Meeting (AGM) on July 27, 2026. The company reported that all eight resolutions proposed in the AGM notice were passed by the members with the requisite majority via remote e-voting and e-voting during the meeting.

Key Resolutions Passed

Voting Analysis: Notable Dissent

While all resolutions passed, certain items faced higher-than-average dissent from shareholders, particularly among the public institutions category.

Capital Raising Authorization

Resolution 8, regarding the raising of funds through the issuance of securities, was passed as a special resolution. This provides the management with the necessary authorization to pursue future capital requirements. Investors should monitor future disclosures for details on the timing, instrument, or purpose of any potential issuance.

Corporate Governance and Management Compensation

Resolution 7, regarding the payment of commission to the Chairman for the financial year 2026-27, saw the highest level of dissent during the meeting. While approved, the nearly 6% vote against the proposal indicates a segment of the shareholder base that was not in alignment with this remuneration structure.

Investor Takeaway

The passing of all resolutions at the 62nd AGM provides certainty regarding the company's financial adoption and dividend declarations. The approval for fundraising activities clears the path for potential future capital initiatives. However, the recurring dissent on director re-appointments and chairman remuneration provides a signal of evolving shareholder sentiment regarding governance and compensation policies. Investors should view these voting patterns as a baseline to track the board's engagement with institutional shareholders in upcoming meetings.

Key Highlights

The 62nd Annual General Meeting (AGM) of SPR Auto Technologies Limited concluded with the successful passing of all eight resolutions put to vote. The meeting was held on July 27, 2026, via Video Conferencing.

Important Figures Used

Board and Governance Update

Shareholders re-appointed Mr. Pradeep Dinodia and Mr. Yasunori Maekawa as Directors of the company. Additionally, the remuneration for cost auditors and the payment of commission to the Chairman for the financial year 2026-27 were approved. The approval of these items ensures continuity in board composition and governance practices.

Corporate Action Details

A key development from the AGM is the passing of a special resolution authorizing the company to raise funds through the issuance of securities. This provides the management with the necessary mandate to pursue capital-raising activities, potentially for future expansion or operational requirements.

What This Means for Investors

The approval of all items on the AGM agenda by the requisite majority signals consistent shareholder backing for the company's current management team and strategic direction. With the adoption of financial statements and the approval for fundraising, the company has cleared the necessary procedural hurdles to execute its business plans for the upcoming year.

Investor Takeaway

For investors, the key point is the successful mandate for fundraising. While the AGM results indicate a lack of significant dissent and stable governance, investors should now watch for any subsequent announcements regarding the specific nature, timing, and scale of the fund-raising activity authorized by the shareholders.

AGM Voting Overview

The 62nd Annual General Meeting of SPR Auto Technologies Limited, held on July 27, 2026, saw the participation of shareholders through video conferencing. All 8 proposed resolutions, comprising both ordinary and special business, were passed with the requisite majority.

Corporate Action Details

Financial Statements and Dividend

Shareholders formally adopted the Audited Standalone and Consolidated Financial Statements for the financial year ended March 31, 2026. Additionally, the declaration of a dividend, as proposed in the AGM notice, received overwhelming support, confirming the distribution for the year.

Strategic and Board Decisions

• Board Continuity: The company confirmed the re-appointment of Mr. Pradeep Dinodia and Mr. Yasunori Maekawa as directors retiring by rotation.
• Capital Raising: A special resolution authorizing the 'Raising of Funds through Issuance of Securities' was passed with 99.89566% in favour, providing the company with future strategic flexibility for capital activities.
• Executive Remuneration: The special resolution regarding the payment of commission to the Chairman for the Financial Year 2026-27 was approved with 94.09732% support.

What Looks Positive

The most notable positive aspect of this announcement is the consistently high level of shareholder support across all agenda items. With approval percentages ranging from over 94% to near 100%, the results indicate strong alignment between the company's management and its shareholder base regarding the company’s operational and strategic direction.

What This Means for Investors

The successful conclusion of the 62nd AGM with all resolutions passed confirms that there are no major governance or procedural hurdles at this time. The approval of the fundraising authorization is a key takeaway, as it enables the board to execute capital-raising plans if and when deemed necessary for business growth.

Investor Takeaway

For existing shareholders, the AGM voting results represent a routine but critical confirmation of the company's current financial and operational trajectory. Investors should view the high approval rates as a sign of management stability. The primary development to monitor moving forward is the potential use of the newly approved fundraising authorization, which could impact the company's capital structure.

Key Highlights

Agenda Resolutions

The company conducted the AGM to seek shareholder approval for the following resolutions:

Governance and Audit

The Chairman confirmed that there were no qualifications or adverse remarks in the Statutory Auditors' Report regarding the company's standalone and consolidated financial statements. The meeting was conducted in compliance with Ministry of Corporate Affairs and SEBI circulars.

Corporate Action Details

Resolution 8, classified as a Special Business, concerns the raising of funds through the issuance of securities. This represents a strategic item on the agenda for shareholder deliberation. Investors should monitor future regulatory filings regarding the specific structure, timing, and scale of this potential fundraising activity.

What This Means for Investors

The 62nd Annual General Meeting was a procedural governance event for SPR Auto Technologies Limited. Shareholders reviewed standard financial and operational agenda items, including director re-appointments and dividend declarations. The inclusion of a special resolution for fundraising indicates the company may be preparing for future capital requirements. As the voting results on these resolutions are to be submitted to stock exchanges separately, investors should track the official announcement of the voting outcomes to confirm the approval status of these items.

Investor Takeaway

The company's AGM proceeded without unusual governance issues, and the lack of adverse auditor remarks is a positive signal for transparency. The primary focus for investors is the upcoming disclosure of voting results, particularly regarding the special resolution for fundraising, which could provide insight into the company's capital strategy for the coming fiscal year.

Key Highlights

Earnings Call Details

The company has scheduled its Q1 FY27 earnings conference call to discuss quarterly operational updates. The call is open to analysts and investors. Participants are advised to register via the provided online link or dial in using the dedicated numbers listed in the company's communication to ensure timely connectivity.

Management Participation

The earnings call will be addressed by key leadership representatives:

• Mr. Krishnakumar Srinivasan: Managing Director & Chief Executive Officer
• Mr. Prem Rathi: Executive Director & Chief Financial Officer

Corporate Identity Update

The company is now formally identified as 'SPR Auto Technologies Limited'. It was formerly known as 'Shriram Pistons & Rings Limited'. Investors should note this change for future filings and database tracking.

What This Means for Investors

This announcement is a standard notification regarding an upcoming investor relations event. Investors and analysts often use such earnings calls to gain clarity on the company's operational performance, market outlook, and strategic direction for the quarter. There is no financial or performance data provided in this notice; the actual insights will depend on the discussions held during the scheduled call.

Investor Takeaway

The earnings call scheduled for August 5, 2026, serves as the primary forum for reviewing the company's Q1 FY27 performance. Investors interested in the company's operational trajectory or those wishing to engage with the management team directly may utilize the provided registration link to participate.

Board Meeting Schedule

The Board of Directors of SPR Auto Technologies Limited is scheduled to meet on Tuesday, August 4, 2026. The board will consider and approve the company's standalone and consolidated financial results for the quarter ended June 30, 2026.

Trading Window Closure

In line with the SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company’s internal code of conduct, the trading window for the company's securities has been closed. The closure became effective on July 1, 2026. The window will remain closed until 48 hours after the company communicates the financial results for the quarter ended June 30, 2026, to the stock exchanges.

Compliance Context

This intimation has been filed in accordance with Regulation 29 and Regulation 50 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring adherence to standard corporate governance disclosure requirements.

What This Means for Investors

The announcement serves as an official notice for the upcoming release of the company's quarterly financial performance. Investors should note the scheduled date of August 4, 2026, as the timeline for when the next set of financial data will be available for review. There are no performance figures or material business developments included in this notice, as it is strictly a procedural compliance filing.

Investor Takeaway

SPR Auto Technologies Limited has confirmed the date for its Q1 financial result announcement. Investors should monitor the company's disclosures on August 4, 2026, for the actual financial performance metrics, including revenue, profitability, and any management commentary regarding business operations for the quarter. No other material information was disclosed in this filing.

Regulatory Compliance Overview

SPR Auto Technologies Limited (formerly Shriram Pistons & Rings Limited) has initiated a drive to update shareholder records in compliance with the SEBI Master Circular No. HO/38/13/(4)2026-MIRSD-POD/I/4298/2026, dated February 6, 2026. The company is actively notifying shareholders who hold securities in physical form to furnish their PAN, KYC, and bank account details.

Key Shareholder Requirements

To ensure compliance and uninterrupted service, shareholders are requested to provide the following:

• KYC Details: Duly filled Form ISR-1, including self-attested PAN (linked with Aadhaar) and bank account details (name, branch, account number, IFSC) supported by a bank statement or cancelled cheque.
• Specimen Signature: Duly filled Form ISR-2, attested by a bank manager.
• Nomination: Form SH-13 for registering a nominee or Form ISR-3 for opting out of nomination.

Operational Impact on Physical Shareholders

Investors holding shares in physical form should note the following restrictions implemented by the regulatory framework:

• Transfer Restrictions: Transfers of securities held in physical form will not be processed unless the shares are dematerialized. Shareholders are urged to dematerialize their shares with a Depository Participant at the earliest.
• Payment Restrictions: Dividend and interest payments for folios that remain non-updated will be processed exclusively through electronic mode effective from April 1, 2024.
• Service Availability: Grievance redressal and other service requests from the Registrar and Transfer Agent (RTA) will be available only after the necessary KYC documents are furnished.

Dispute Resolution

In addition to existing channels, the company has integrated the Online Dispute Resolution (ODR) mechanism. Investors may utilize the ODR portal (smartodr.in) for dispute resolution after exhausting options to resolve issues directly with the company and via the SCORES platform.

Investor Takeaway

For investors, the key takeaway is the urgency of modernizing physical shareholding records. The shift toward a fully dematerialized and digitally compliant environment is a standard regulatory requirement. Shareholders who have not yet updated their KYC details or dematerialized their physical holdings should coordinate with the company’s RTA, Alankit Assignments Limited, to avoid service disruptions or payment delays.

Key Highlights

Regulatory Compliance Details

SPR Auto Technologies Ltd has submitted a compliance certificate in accordance with Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018.

This filing confirms that the Registrar and Share Transfer Agent (RTA), Alankit Assignments Limited, has processed all physical share certificates received for dematerialization during the quarter ended June 30, 2026. The RTA has verified that these certificates were mutilated and cancelled, and the depository has been duly substituted as the registered owner in the company's records.

Investor Takeaway

This is a routine procedural filing required by regulatory authorities for all listed companies. It confirms that the company and its RTA are maintaining proper records and processing share dematerialization requests in compliance with SEBI standards. There is no financial or business impact related to this update.

Corporate Update

SPR Auto Technologies Limited has complied with SEBI regulations by publishing newspaper notices regarding its upcoming 62nd Annual General Meeting (AGM) and the dispatch of its Annual Report for FY 2025-26.

Key Event Details

The AGM is scheduled for July 27, 2026, and will be conducted through Video Conferencing (VC) or Other Audio Visual Means (OAVM) to facilitate shareholder participation.

Compliance and Disclosure

The notice, mandated under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, was published on July 4, 2026, in The Financial Express (English, all editions) and Jansatta (Hindi).

Investor Information

The company has made the advertisement available on its website for shareholders. The notices contain necessary instructions for e-voting. Investors should monitor the company website for the full annual report and further updates ahead of the AGM.

AGM and Meeting Details

SPR Auto Technologies Limited has scheduled its 62nd Annual General Meeting (AGM) to be conducted via Video Conference (VC) and Other Audio-Visual Means (OAVM).

Remote e-Voting Details

The company has set the schedule for shareholders to exercise their remote e-voting rights regarding the items to be transacted at the AGM.

Shareholder Communication and Access

The company is communicating with shareholders and debenture holders whose email IDs are not currently registered with the Company, Registrar and Transfer Agent (RTA), or Depository Participants (DPs). These security holders are being provided with web-links and QR codes to access the Annual Report for FY 2025-26 and the Notice of the 62nd AGM via the company's official website. Shareholders requiring a hard copy of these documents may request one by writing to the company's compliance office.

Concerns and Watch Points

Investor Takeaway

For existing shareholders, the key action item is to ensure their email addresses are registered with their respective DPs or the RTA to receive future communications electronically. Shareholders holding shares in physical form must verify that their PAN, KYC, and nomination details are updated to remain eligible for dividend payments. Investors should take note of the e-voting schedule if they intend to cast their vote on AGM resolutions.

📊 Performance Summary

• Reporting Period(s): Quarter and financial year ended March 31, 2026 (results pending approval).

✅ What Looks Positive

• No clear positives visible in provided data.

⚠️ Risk Alerts & Concerns

• No clear risks visible in provided data.

🧠 Investor Takeaway

The company has set May 11, 2026, as the date to approve its full-year and quarterly financial results for the period ending March 31, 2026. This is a routine administrative filing to comply with SEBI regulations; actual financial performance data, including revenue and profit figures, will only be available after the board meeting concludes.

Summary

• SPR Auto Technologies Limited, formerly Shriram Pistons & Rings Limited, has announced it is "Not a Large Corporate" as of March 31, 2026.
• This classification is based on criteria outlined in the SEBI Circular No. SEBI/HO/DDHS/DDHS-RACPOD1/P/CIR/2023/172 dated October 19, 2023.

Key Numbers & Dates

• As of March 31, 2026, the company's outstanding borrowing was ₹166.17 crore.
• ₹1,000 crore of Non-Convertible Debentures issued in FY 2025-26 for acquisition purposes were excluded from this borrowing figure as per circular rules.
• The company's highest credit rating during the previous financial year was IND AA+ from India Ratings and Research.
• The SEBI circular referenced was dated October 19, 2023.

What Changes for the Business

• By not qualifying as a 'Large Corporate', SPR Auto Technologies is not subject to the specific disclosure and fundraising requirements mandated for 'Large Corporates' under the referenced SEBI circular. This offers flexibility in its debt financing activities.

Summary

• SPR Auto Technologies Limited has submitted a SEBI compliance certificate.
• The certificate confirms dematerialization of physical shares for the quarter ended March 31, 2026.
• This filing is in accordance with Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018.

Key Numbers & Dates

• Quarter End Date: March 31, 2026 (for SEBI compliance certificate on dematerialization).

What Changes for the Business

• No significant changes are detailed beyond routine regulatory compliance.

⚠️ What Could Go Wrong

• No risks are mentioned or inferable from the text.

Summary

• SPR Auto Technologies Limited has revised and extended its Technical Collaboration Agreement with FUJI OOZX INC. (Japan) for manufacturing engine valves in India.
• The agreement has been extended for an additional period of five years to meet evolving customer requirements and access advanced technology.

Key Numbers & Dates

• Agreement Revised: April 3, 2026
• Extension Period: 5 years

What Changes for the Business

• The scope of supply of technical know-how and assistance for manufacturing engine valves in India has been extended for five years.
• This ensures the company continues to provide cutting-edge technology products at par with global standards and better serve the automotive market.
• Royalty payments will be made to Fuji in accordance with the provisions of the amended agreement.

Results Snapshot

• N/A

Summary

• SPR Auto Technologies Limited's technical collaborator, Kolbenschmidt Pistons Germany GmbH (KS), has undergone a strategic realignment, carving out central functions.
• The existing Licence Agreement(s) between SPR Auto Technologies and KS have been transferred to a new entity, Kolbenschmidt Pistons Management GmbH, through contract assignment.
• SPR Auto Technologies consented to this change on April 2, 2026, confirming that the scope of services, commercial terms, and operational points remain unchanged.

Key Numbers & Dates

• Company Consent to Assignment: April 2, 2026
• SEBI Master Circular Date: January 30, 2026
• Report Date: April 3, 2026

What Changes for the Business

• The technical collaborator's central functions have been transferred to a new entity, Kolbenschmidt Pistons Management GmbH.
• The Licence Agreement(s) have been assigned to this new entity, with SPR Auto Technologies providing its consent.
• The scope of services, commercial terms, and operational points under the agreement remain unchanged.

Summary

• Shriram Pistons & Rings Limited has officially changed its name.
• The new name of the company is SPR Auto Technologies Limited.
• This change is effective from April 2, 2026, as approved by the Registrar of Companies.
• The Memorandum and Articles of Association have been altered to reflect the new name.

Key Numbers & Dates

• New Name Effective Date: April 2, 2026
• MCA Certificate Date: April 2, 2026
• Intimation Date: April 3, 2026
• Company CIN: L29112DL1963PLC004084

What Changes for the Business

• The company's legal identity has transitioned from "Shriram Pistons & Rings Limited" to "SPR Auto Technologies Limited".
• Formal amendments have been made to the company's Memorandum and Articles of Association to incorporate the new name.

What to Track Next

• Compliance requirement: The company must display its old name (Shriram Pistons & Rings Limited) alongside the new name for a period of two years, as per Section 12 of the Companies Act.

Shriram Pistons & Rings Limited announced on April 1, 2026, via newspaper publications in Financial Express and Jansatta, the re-opening of a Special Window. This window facilitates the re-lodgement of transfer requests for physical shares. The company also uploaded this information on its website, shrirampistons.com.

Summary

• Shriram Pistons & Rings Ltd. disclosed the reorganization of its technical collaborator, Riken Corporation.
• Riken Corporation has been renamed NPR-RIKEN Nigata Corporation.
• Key business divisions and contractual rights have been transferred to NPR-RIKEN Corporation.
• All technical and commercial agreements continue without disruption, now succeeded by the new entity, ensuring continuity.
• The shareholding pattern remains the same, with NPR-RIKEN Nigata Corporation holding 21.30% equity.

Key Numbers & Dates

• Reorganization Effective Date: April 1, 2026
• Equity Stake held by NPR-RIKEN Nigata Corporation: 21.30% in Shriram Pistons & Rings Ltd.
• Technical Agreement Validity: Until February 2028

What Changes for the Business

• Continuity in technical and commercial arrangements ensured with the successor entity, NPR-RIKEN Corporation.
• Continued access to advanced manufacturing technology and know-how, supporting domestic and export markets.

What to Track Next

• Monitor the progress and effectiveness of the technical collaboration under the new entity structure.
• Observe any future technology updates or market expansion initiatives stemming from this collaboration.

Summary

• Shareholders of Shriram Pistons & Rings Limited have overwhelmingly approved changing the company's name to SPR Auto Technologies Limited.
• The company's Memorandum of Association (MOA) and Articles of Association (AOA) will also be altered following shareholder approval.
• These resolutions were passed with a high majority through a postal ballot process.

Key Numbers & Dates

• The e-voting process commenced on February 11, 2026, and concluded on March 12, 2026.
• The company had 50,077 shareholders as of the cut-off date.
• Resolution 1 (Name Change) received 99.9994% votes in favour.
• Resolution 2 (MOA Alteration) received 99.9999% votes in favour.
• Resolution 3 (AOA Alteration) received 99.7670% votes in favour.

What Changes for the Business

• The company will operate under the new name 'SPR Auto Technologies Limited' upon official notification.
• The alterations to the MOA and AOA indicate an expanded business scope, potentially including areas like electric mobility, traction motors, advanced automotive components, and precision engineering, as detailed in the new object clauses.

What to Track Next

• Monitor stock exchange filings for the official effective date of the name change.
• Observe how the expanded business scope detailed in the MOA/AOA is implemented operationally.

Summary

• Shriram Pistons & Rings Limited has confirmed timely interest payments on its Non-Convertible Debentures (NCDs).
• The company met its obligations for both Series 1 and Series 2 NCDs on March 30, 2026, before the due date of March 31, 2026.
• This announcement serves as a confirmation of payment as per SEBI Listing Regulations.

Key Numbers & Dates

• Interest Payment (Series 1): ₹360.00 lakh (₹3.60 cr)
• Interest Payment (Series 2): ₹362.47 lakh (₹3.62 cr)
• Issue Size (Both Series): ₹500 crore each
• Actual Payment Date: March 30, 2026
• Due Date: March 31, 2026
• Record Date: March 16, 2026

What Changes for the Business

• No significant changes are indicated, as this is a routine interest payment confirmation.
• The company continues to meet its financial obligations to debenture holders.

⚠️ What Could Go Wrong (source-based)

• The announcement confirms payments were made on time, indicating no immediate financial distress related to this specific debt obligation. No specific risks mentioned in the text.

What to Track Next

• Continued adherence to payment schedules for future interest and principal repayments on NCDs.

Summary

• Shriram Pistons & Rings Ltd. will close its trading window for securities starting April 1, 2026.
• This closure is a regulatory requirement related to the announcement of the company's audited financial results for the quarter and full financial year ending March 31, 2026.
• The window will reopen 48 hours after the financial results are declared by the Board of Directors.

Key Numbers & Dates

• Trading Window Closure Start Date: April 1, 2026
• Trading Window Reopening: 48 hours after declaration of audited financial results.

What to Track Next

• Announcement of Audited Financial Results for Q4 FY26 and FY26 by the Board of Directors.
• Reopening of the trading window post-results announcement.

Summary

• Shriram Pistons & Rings Ltd. has successfully amended its Memorandum of Association (MOA) after shareholder approval via postal ballot and special resolution.
• The Ministry of Corporate Affairs (MCA) has approved the alteration in the company's main object clause, formalizing the changes.
• These amendments significantly expand the company's permitted business activities into new and diverse sectors.

Key Numbers & Dates

• March 27, 2026: Ministry of Corporate Affairs (MCA) approved the alteration of the main object clause.
• March 28, 2026: Date of the company's intimation letter regarding the MOA amendment.

What Changes for the Business

• The company's Memorandum of Association has been updated to include a broader range of business activities beyond its existing scope.
• New permissible activities include designing, manufacturing, and dealing in electric mobility components (traction motors, e-drive systems, BMS), advanced automotive parts (radars, ADAS components), high-precision gears, and plastic components.
• The amendments also allow engagement in sectors such as solar and renewable energy applications within powertrain systems, and various types of machinery and industrial engines.
• The company will now align its MOA with the format prescribed under the Companies Act, 2013.

Summary

• Craftsman Automation Limited, through its subsidiary Sunbeam Lightweighting Solutions, has extended the asset purchase agreement deadline with Shriram Pistons & Rings Limited (SPRL).
• The completion date for the sale of plant, machinery, and related assets for the Piston Manufacturing Business is now June 30, 2026.

Key Numbers & Dates

• Total consideration for the transaction: ₹28.00 crore (exclusive of GST).
• First tranche payment received: ₹10.00 crore on 31st December, 2025.
• Remaining consideration to be received: ₹18.00 crore.
• Amendment Agreement date: 27th March, 2026.
• Original Long Stop Date: 31st March, 2026.
• New Long Stop Date / Expected Completion Date (2nd Tranche): 30th June, 2026.

What Changes for the Business

• The sale of identified plant and machinery and related books and records forming part of the Piston Manufacturing Line(s) will be completed in tranches.
• The deadline for the second tranche of this asset sale has been extended to June 30, 2026.

What to Track Next

• Monitor the completion of the second tranche of the asset sale by the new deadline of June 30, 2026.

Summary

• Shriram Pistons & Rings Limited (SPRL) has amended its Asset Purchase Agreement (APA) for identified plant and machinery.
• The long stop date for completing the transaction has been extended from March 31, 2026, to June 30, 2026.
• The purchase is part of SPRL's strategy to strengthen and expand its piston manufacturing operations.

Key Numbers & Dates

• The aggregate consideration for the proposed transaction is ₹28.00 crore (exclusive of applicable GST).
• SPRL received ₹10.00 crore (exclusive of GST) on December 31, 2025, for the first tranche.
• An additional ₹18.00 crore (exclusive of GST) is expected upon completion by June 30, 2026.
• The original APA was dated December 19, 2025; the amendment is dated March 27, 2026.
• The new deadline (long stop date) is June 30, 2026.

What Changes for the Business

• The timeline for acquiring identified plant and machinery has been extended by three months.
• The transaction will be completed in multiple tranches, with the remaining assets expected to be transferred by the new deadline.

⚠️ What Could Go Wrong (source-based)

• [Execution] The transaction completion is subject to the fulfilment of conditions precedent as specified in the APA.

What to Track Next

• Monitor the completion of the asset purchase by the new deadline of June 30, 2026.

Summary

• Shriram Pistons & Rings Limited's members have approved a change in the company's name to SPR Auto Technologies Limited.
• The company will also update its Memorandum of Association (MOA) and Articles of Association (AOA) to comply with the Companies Act, 2013.
• These amendments aim to align the company with current regulations and reflect its diversification and future business strategy.
• The resolutions were approved by the Board on February 2, 2026, and by shareholders on March 12, 2026.

Key Numbers & Dates

• Board of Directors approved resolutions on February 2, 2026.
• Shareholders approved resolutions on March 12, 2026.

What Changes for the Business

• The company will operate under the new name SPR Auto Technologies Limited, subject to regulatory filings.
• Updated MOA and AOA will bring the company's governing documents in line with the Companies Act, 2013, replacing older versions based on the 1956 Act.
• The amendments reflect the company's efforts to enhance business activities, diversify, and expand operations towards advanced, electronics-integrated, and software-enabled automotive solutions.

⚠️ What Could Go Wrong

• [Other] The name change and amendments to MOA and AOA are contingent upon successful filing of necessary forms with the Registrar of Companies and other regulatory authorities.

What to Track Next

• Monitoring the successful completion of regulatory filings for the name change and MOA/AOA amendments.

Summary

• Shriram Pistons & Rings Ltd. shareholders have approved three crucial special resolutions through a postal ballot.
• The approved resolutions include a change in the company's name, alteration of its Memorandum of Association (MOA), and amendment of its Articles of Association (AOA).
• All resolutions passed with a significant majority vote, indicating strong shareholder support for these corporate changes.
• The voting process involved remote e-voting, concluding on March 12, 2026, with results reported on March 13, 2026.

Key Numbers & Dates

• Record Date for voting rights: February 6, 2026.
• Remote e-voting period: February 11, 2026, to March 12, 2026.
• Scrutinizer's Report issued: March 13, 2026.
• Total Shareholders (on record date): 50,077.
• Resolution 1 (Name Change) - Votes in favour: 33,711,146 (99.9994%).
• Resolution 2 (MOA Alteration) - Votes in favour: 33,711,306 (99.9998%).
• Resolution 3 (AOA Alteration) - Votes in favour: 33,632,788 (99.7669%).

What Changes for the Business

• The company is set to change its name, pending necessary regulatory filings.
• The Memorandum and Articles of Association will be updated, reflecting potential changes in the company's structure, objects, or governance.

What to Track Next

• Follow-up on the official company name change process.
• Confirmation of the effective date for the altered MOA and AOA.

Summary

• Shriram Pistons & Rings Ltd. shareholders approved three special resolutions via postal ballot.
• The resolutions cover a change in the company's name, alterations to its Memorandum and Articles of Association, and adoption of the new MoA.
• All resolutions were passed with the required majority.

Key Numbers & Dates

• Scrutinizer's Report Date: March 13, 2026
• Remote e-voting end date: March 12, 2026
• Total shareholders on record date: 50,077
• Total members who voted: 236
• Resolution 1 (Name Change) Votes in favour: 33,711,146 (99.9994%)
• Resolution 2 (MoA Alteration) Votes in favour: 33,711,306 (99.9998%)
• Resolution 3 (AoA Alteration) Votes in favour: 33,632,788 (99.7669%)

What Changes for the Business

• The company is set to undergo a name change, subject to regulatory approvals.
• Key constitutional documents, the Memorandum and Articles of Association, will be updated as per the Companies Act, 2013, aligning with the company's operational scope and governance framework.

What to Track Next

• Monitor for regulatory approvals related to the name change.
• Track the official announcement and implementation of the updated Memorandum and Articles of Association.

Summary

• Shriram Pistons & Rings Limited will host a group meeting for analysts and investors on March 11, 2026.
• The event includes R&D and plant visits at its step-down subsidiary in Noida and its own facilities in Ghaziabad.
• Key Managerial Personnel will participate, engaging based on publicly available information.
• The meet is organized by Emkay Global and is subject to change.

Key Numbers & Dates

• Investor/Analyst Meet Date: March 11, 2026
• Meet Time: 2:45 PM - 5:30 PM IST

⚠️ What Could Go Wrong (source-based)

• [Execution] The scheduled investor/analyst meet and plant visits may be subject to change due to exigencies.

Summary

• Shriram Pistons & Rings Ltd. has fully redeemed its Commercial Papers.
• The total value of the redeemed Commercial Papers is Rs. 10,000 Million.
• Payment was made on February 24, 2026, fulfilling the company's obligation as per SEBI rules.

Key Numbers & Dates

• Commercial Papers Redemption Amount: 10,000 Million
• Commercial Papers Due Date: February 24, 2026
• Commercial Papers Payment Date: February 24, 2026

What Changes for the Business

• The company has settled its debt obligation related to the redeemed Commercial Papers.

News Crux

Shriram Pistons & Rings Limited has formally announced the record date for the maturity and payment of interest/redemption of its Commercial Paper (CP). This intimation is made in compliance with SEBI (Issue and Listing of Non-Convertible Securities) Regulations, 2021.

Key Events

Record Date Intimation for Commercial Paper Maturity - Shriram Pistons & Rings Limited has declared February 23, 2026, as the record date for its Commercial Paper (ISIN: INE526E14086). The interest/redemption payment is scheduled for February 24, 2026. This announcement is also available on the company's website, www.shrirampistons.com.

India Ratings & Research Private Limited, a Fitch Group company, has upgraded the credit ratings for Shriram Pistons & Rings Limited (SPRL). The upgrade encompasses the company's issuer rating, bank loan facilities, and proposed non-convertible debentures (NCDs). The issuer rating has been elevated to 'IND AA+/Stable' and removed from 'Rating Watch with Positive Implications'. Similarly, the long-term rating for SPRL's bank loan facilities has been upgraded to 'IND AA+/Stable', with the short-term rating affirmed at 'IND A1+', and these are also resolved from 'Rating Watch with Positive Implications'. The aggregate size of the bank loan facilities stands at INR 5,738.61 million, showing a slight reduction from INR 5,809.2 million. The proposed Non-Convertible Debentures (NCDs) programme of INR 10,000 million has also received an upgrade to 'IND AA+/Stable', with the 'Rating Watch with Positive Implications' resolved. Concurrently, the rating for the Commercial Paper (CP) programme, with a size of up to INR 10,000 million and maturity up to 365 days, has been affirmed at 'IND A1+'. The overall outlook for these instruments is 'Stable', reflecting an improved creditworthiness and financial standing for Shriram Pistons & Rings Limited.

Shri Pistons has officially confirmed the dispatch of its Postal Ballot Notice through advertisements published on February 10, 2026, in leading newspapers: The Financial Express (English, all editions) and Jansatta (Hindi). This action is in line with Regulation 47 of the SEBI Listing Regulations, 2015. The company has also made these advertisements available on its website, https://shrirampistons.com, ensuring broad dissemination of the information.

Arvind Fashions Limited published a newspaper advertisement on February 10, 2026, informing shareholders about the schedule for its postal ballot and e-voting process. This announcement is made as per SEBI regulations to guide shareholders on voting procedures for crucial company resolutions. Separately, Shriram Pistons & Rings Limited has also issued a notice for a postal ballot and e-voting to seek member approval for resolutions including a change of company name and alterations to MOA/AOA.

Shriram Pistons & Rings Limited is undertaking a significant corporate restructuring through a postal ballot process, seeking shareholder approval for key changes. The primary resolutions include a proposed change of the company's name from 'Shriram Pistons & Rings Limited' to 'SPR Auto Technologies Limited', effective upon completion of necessary regulatory procedures. This name change is intended to better represent the company's expanded business operations and its evolution towards a technology-focused automotive components and systems provider, encompassing areas like precision plastics, automotive lighting, electric controllers, and motors, particularly relevant for EV platforms. Concurrently, shareholders will vote on altering the Memorandum of Association (MOA) and Articles of Association (AOA) to align with the Companies Act, 2013. The MOA alterations will broaden the scope of business activities to include items such as traction motors, EV powertrain components, ADAS, precision plastics, and other advanced automotive systems. The postal ballot voting period is scheduled from February 11, 2026, to March 12, 2026, conducted via remote e-voting. The company has confirmed obtaining a no-objection from the Ministry of Corporate Affairs for the proposed name. Management assures that these changes will not affect the company's legal status, rights, or obligations.

Shri Piston has issued a newspaper advertisement on February 7, 2026, in The Financial Express (English) and Jansatta (Hindi). This announcement, made in accordance with SEBI Listing Regulations, details information regarding the Postal Ballot Notice and the e-voting process. The company has also placed this advertisement on its website at https://shrirampistons.com for public access.

Shriram Pistons & Rings (SPRL) announced its Q3 and 9M FY'26 earnings, highlighting a period of record performance and significant strategic development. The company achieved its highest-ever total income in Q3 FY'26, marking a 21% year-on-year growth, fueled by robust demand across all automotive segments. Consolidated EBITDA also saw a corresponding 21% YoY increase, attributed to improved operating leverage and ongoing cost optimization efforts. For the nine-month period (9M FY'26), consolidated total income grew by 16.8% YoY, with Profit Before Tax (PBT) showing a 10.6% YoY increase. A notable event during the quarter was an exceptional expense of Rs. 252 million related to the statutory impact of new Labour Codes, which affected the PBT after exceptional items, leading to a 6.4% YoY growth for the quarter.

A key strategic milestone was the successful completion of the 100% acquisition of Grupo Antolin's three Indian entities – Antolin Lighting India Private Limited, Grupo Antolin India Private Limited, and Grupo Antolin Chakan Private Limited – for an enterprise value of EUR 159 million (approximately INR 16,700 million). This acquisition significantly diversifies SPRL's business model, expanding its addressable market into automotive interiors and electronic lighting solutions, and increasing the contribution of powertrain-agnostic products to over 35% of consolidated revenue. To reflect this strategic evolution, the company has proposed a name change to SPR Auto Technologies Limited, subject to regulatory and shareholder approvals.

Alongside strategic acquisitions, SPRL continues to invest in its legacy business. This includes signing an asset purchase agreement with Sunbeam Lightweighting Solutions Private Limited to acquire piston manufacturing lines for INR 280 million. The company also inaugurated a new assembly center at Bhora Kalan, Gurugram, and a state-of-the-art facility for manufacturing motors and controllers at Coimbatore. Management expressed optimism for continued growth, citing buoyant macroeconomic factors, government reforms, and positive industry forecasts. The company plans to maintain a strong balance sheet, prudent working capital management, and healthy cash flows while driving sustained growth.

Shriram Pistons & Rings Limited has officially notified the stock exchanges, NSE and BSE, about the availability of the audio recording for its earnings conference call. The call took place on Tuesday, February 3, 2026. In compliance with Regulation 30 of the SEBI Listing Regulations, the company has provided a web link to the audio recording on its official website. The announcement also explicitly states that no Unpublished Price Sensitive Information (UPSI) was shared during the conference call, and all discussions were based on publicly available documents. This filing serves as a confirmation of the company's adherence to regulatory disclosure requirements.

Shriram Pistons & Rings Limited announced its un-audited standalone and consolidated financial results for the quarter and nine months ending December 31, 2025. The company's Board of Directors approved these results, along with the Auditor’s Limited Review Report, on February 2, 2026. The financial results were subsequently published on February 3, 2026, in The Financial Express (English) and Jansatta (Hindi), and are also available on the company's website, www.shrirampistons.com, as per SEBI Listing Regulations.

Shriram Pistons & Rings Limited, in a board meeting held on February 2, 2026, announced its un-audited financial results for the quarter and nine months ended December 31, 2025. The company also approved an interim dividend, a significant debt issuance, and key corporate restructuring initiatives including a name change.

Quarterly/Annual Results:
On a standalone basis, for Q3 FY26, revenue from operations increased by 12.4% year-on-year (YoY) to ₹8,651 Million, while profit after tax (PAT) saw a decline of 4.5% YoY to ₹1,149 Million. This decline was partly due to an exceptional item of ₹237 Million related to estimated financial implications of new Labour Codes. Operating margins compressed to 17.89% from 21.17% YoY, and net profit margins decreased to 13.28% from 15.63% YoY.

Consolidated results showed a more robust revenue growth of 20.65% YoY to ₹10,232 Million for Q3 FY26, with PAT growing by 3.97% YoY to ₹1,257 Million. Consolidated operating margins also saw a decline, with net profit margins at 12.28% compared to 14.26% YoY. An exceptional item of ₹252 Million was recorded on a consolidated basis. For the nine months ended December 31, 2025, standalone PAT grew 5.4% YoY to ₹3,788 Million, and consolidated PAT grew 10.6% YoY to ₹4,025 Million.

Guidance & Concall Commentary:
The provided document does not contain specific management guidance or concall commentary regarding future outlook or performance targets.

Financials:
The income statement highlights revenue growth but sustained pressure on profitability, evidenced by declining operating and net profit margins. The balance sheet indicates a significant increase in the standalone Debt-to-Equity ratio to 0.63 as of December 31, 2025, from 0.15 a year ago, reflecting increased borrowings. No specific cash flow details were provided in this announcement.

Key Events:

• Interim Dividend: The Board declared an interim dividend of 50%, amounting to ₹5 per equity share, for the Financial Year 2025-26.
• Fundraising: Approval was granted for the issuance of 100,000 secured, rated, listed, and redeemable Non-Convertible Debentures (NCDs) aggregating up to ₹10,000 Million (₹10,000 Crores) on a private placement basis.
• Corporate Restructuring: The company proposed changing its name from "Shriram Pistons & Rings Limited" to "SPR Auto Technologies Limited", subject to necessary approvals. Additionally, alterations to the Memorandum of Association (MOA) and Articles of Association (AOA) were proposed to align with the Companies Act, 2013, and to reflect business diversification.
• Acquisition: The acquisition of 100% equity shares of Antolin Lighting India Private Limited (ALIPL) and Grupo Antolin India Private Limited (GAIPL), along with its subsidiary Grupo Antolin Chakan Private Limited (GACPL), was completed on January 8, 2026. This makes ALIPL and GAIPL wholly-owned subsidiaries.
• Asset Purchase: The company entered into an agreement to purchase identified plant, machinery, and related piston-line assets from Sunbeam Lightweighting Solutions Private Limited for ₹280 Million.

Shriram Pistons & Rings Limited: Q3 FY26 Results & Strategic Updates

Shriram Pistons & Rings Limited announced its unaudited financial results for the quarter and nine months ended December 31, 2025, on February 2, 2026. The company also disclosed several significant corporate actions, including the approval of an interim dividend, a substantial Non-Convertible Debenture (NCD) issuance, completion of strategic acquisitions, an asset purchase, and a proposed name change to SPR Auto Technologies Limited, signaling a strategic shift towards diversification in the automotive technology sector.

Quarterly and Nine-Month Financial Performance:

• Consolidated Results:

  • For the third quarter ended December 31, 2025, consolidated revenue from operations saw a robust year-on-year (YoY) growth of 20.67%, reaching "₹10,232 Million".
  • Consolidated Profit Before Tax (PBT) increased by 6.42% YoY to "₹1,692 Million".
  • Consolidated Profit After Tax (PAT) grew by 3.97% YoY to "₹1,257 Million".
  • Basic Earnings Per Share (EPS) for the quarter stood at "₹27.93", a marginal increase of 2.61% YoY.
  • For the nine months ended December 31, 2025, consolidated revenue grew 17.23% YoY to "₹30,029 Million", and PAT increased by 10.58% YoY to "₹4,025 Million".

• Standalone Results:

  • Standalone revenue from operations for Q3 FY26 increased by 12.41% YoY to "₹8,651 Million".
  • However, due to an exceptional item of "₹237 Million" (related to new Labour Codes), standalone PBT saw a decline of 4.64% YoY to "₹1,540 Million".
  • Standalone PAT decreased by 4.49% YoY to "₹1,149 Million". Basic EPS fell by 4.54% YoY to "₹26.08".
  • For the nine months, standalone PAT grew by 5.43% YoY to "₹3,788 Million", and EPS was "₹86.00".

Financial Health and Key Ratios:

• The company has significantly increased its leverage. The standalone Debt-to-Equity ratio rose from "0.14" in Q3 FY25 to "0.63" in Q3 FY26.
• The standalone Interest Service Coverage Ratio (ISCR) declined from "35.23" in Q3 FY25 to "20.53" in Q3 FY26.
• The standalone Current Ratio decreased from "2.47" in Q3 FY25 to "1.70" in Q3 FY26, indicating a reduction in short-term liquidity.

Key Corporate and Strategic Events:

• Interim Dividend: The Board approved an interim dividend of "50%", equivalent to "₹5" per equity share of face value "₹10", for FY 2025-26.
• NCD Issuance: The company approved the issuance of up to "₹10,000 Million" in secured, rated, listed, and redeemable Non-Convertible Debentures (NCDs) on a private placement basis.
• Acquisitions: The acquisition of 100% equity shares of Antolin Lighting India Private Limited (ALIPL) and Grupo Antolin India Private Limited (GAIPL), along with its subsidiary GACPL, was completed on January 8, 2026. This makes ALIPL and GAIPL wholly-owned subsidiaries.
• Asset Purchase: An agreement was entered into on December 19, 2025, to purchase identified plant, machinery, and related piston-line assets for "₹280 Million".
• Name Change Proposal: The company proposed to change its name from "Shriram Pistons & Rings Limited" to "SPR Auto Technologies Limited", subject to necessary approvals. This rebranding is intended to reflect expanded business activities and explore new opportunities.
• MOA/AOA Alterations: Proposed alterations to the Memorandum of Association (MOA) and adoption of new Articles of Association (AOA) to align with the Companies Act, 2013, and to better reflect the company's diversified business operations.
• Exceptional Item: A provision of "₹237 Million" (Standalone) and "₹252 Million" (Consolidated) was made in the quarter for the estimated financial implications of the newly notified Labour Codes in India. This is treated as an exceptional item.

Outlook:

The company's strategic initiatives, including acquisitions and the proposed name change, indicate a focus on diversification and growth in the broader automotive technology landscape. However, no specific forward-looking financial guidance has been provided. Investors will monitor the integration of acquired entities and the impact of increased debt levels on profitability and financial stability.

Shriram Pistons & Rings Limited announced the outcome of its Board Meeting held on February 2, 2026, reporting its un-audited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025. The company declared an interim dividend of 50%, or ₹5 per share, for the Financial Year 2025-26.

Financially, the company reported mixed results. Standalone revenue for Q3 FY26 grew by 12.4% YoY to ₹8,651 million, but standalone Net Profit saw a decline of 4.4% YoY to ₹1,149 million, with basic EPS falling to ₹26.08 from ₹27.32 in the prior year quarter. Standalone operating margins also contracted significantly from 21.17% to 17.89%. Consolidated revenue, however, showed a stronger growth of 20.7% YoY to ₹10,232 million, with consolidated Net Profit rising by 4.0% YoY to ₹1,257 million, and consolidated basic EPS increasing slightly to ₹27.93. The nine-month figures for FY26 showed YoY growth in both standalone and consolidated revenues and profits. An exceptional item of ₹237 million (standalone) and ₹252 million (consolidated) was recognized due to provisions for the impact of new Labour Codes.

In terms of corporate actions, the Board approved the issuance of up to ₹10,000 million (₹10,000 Crore) in secured, rated, listed, and redeemable Non-Convertible Debentures (NCDs) on a private placement basis. The company also proposed a significant change in its identity: a name change from 'Shriram Pistons & Rings Limited' to 'SPR Auto Technologies Limited', subject to regulatory and shareholder approvals. This is accompanied by proposed alterations to its Memorandum and Articles of Association.

Furthermore, the company announced the completion of its acquisition of 100% equity shares in Antolin Lighting India Private Limited and Grupo Antolin India Private Limited, along with its subsidiary Grupo Antolin Chakan Private Limited, effective January 8, 2026. Additionally, an Asset Purchase Agreement was entered into for the purchase of identified plant, machinery, and related piston-line assets from Sunbeam Lightweighting Solutions Private Limited for ₹280 million. The company also reported the issuance and allotment of Commercial Papers amounting to ₹10,000 million on December 24, 2025.

Shriram Pistons & Rings Limited (SPRL) presented its Un-audited Financial Results for the Quarter and Nine Months ended December 31, 2025 (Q3 & 9MFY26). The company demonstrated robust top-line growth, with consolidated revenue increasing by 17% YoY to ₹30,905 Million for the 9MFY26 and by 20.7% YoY to ₹10,563 Million for Q3FY26. Consolidated EBITDA also saw healthy growth, up 16% YoY to ₹6,957 Million for 9MFY26 and 20.8% YoY to ₹2,389 Million for Q3FY26, with EBITDA margins remaining strong at 22.6%.

However, consolidated Profit After Tax (PAT) for 9MFY26 rose by 11% YoY to ₹4,025 Million, and by 4.0% YoY to ₹1,257 Million for Q3FY26. This profit growth was somewhat constrained by a non-recurring expense of ₹252 Million in 9MFY26 (and Q3FY26) related to the statutory impact of the New Labour Code, which affected both consolidated and standalone PAT and margins. Standalone PAT saw a more modest growth of 5.4% for 9MFY26 and a 4.5% decline in Q3FY26 due to similar one-off charges.

A significant strategic development announced is the acquisition of Antolin Lighting India Pvt. Ltd., Grupo Antolin India Pvt. Ltd., and Grupo Antolin Chakan Pvt. Ltd. for an aggregate enterprise value of Euro 159 Million, or approximately ₹16,700 Million on a debt-free cash-free basis. This acquisition, completed on January 8, 2026, transforms SPRL into a multi-product and well-diversified organization. Post-acquisition, powertrain-agnostic products now contribute over 35% to the consolidated total revenue, encompassing automotive interior and lighting solutions. Key product areas include headliner substrates, sunvisors, door panels, lighting systems, and touch components, serving major OEMs like Tata Motors and Mahindra & Mahindra.

The company highlighted its consistent outperformance against industry volume growth and maintained a strong focus on innovation, including developing components for Electric Vehicles (EVs), ethanol-blended fuels, CNG, and hydrogen-based solutions. SPRL also emphasized its commitment to sustainability, evidenced by various environmental and social initiatives and awards. Financially, the company remains net-debt free with strong ratios, including a low Debt-to-Equity of 0.15x and a high Interest Coverage Ratio of 65x for FY25. The strategic diversification through acquisitions is aimed at de-risking the business model and capturing growth across various segments of the automotive industry.

Shriram Pistons & Rings Limited (SPRL) announced its un-audited financial results for the quarter and nine months ended December 31, 2025 (Q3FY26 and 9MFY26), showcasing a robust performance. The company reported its highest-ever Total Income in a quarter, with consolidated figures for Q3FY26 reaching Rs. 10,563 Million, a significant 20.7% year-on-year (YoY) increase from Rs. 8,751 Million in Q3FY25. Consolidated EBITDA also saw a healthy rise of 20.8% YoY to Rs. 2,389 Million, maintaining an EBITDA margin of 22.6%. Profit Before Tax (PBT) before exceptional items grew by 22.3% YoY to Rs. 1,944 Million. However, Profit After Tax (PAT) saw a more modest growth of 4.0% YoY to Rs. 1,257 Million, impacted by a non-recurring, one-time exceptional expense of Rs. 252 Million related to the statutory impact of the New Labour Code.

For the nine-month period ended December 31, 2025 (9MFY26), consolidated total income grew by 16.8% YoY to Rs. 30,905 Million, and consolidated EBITDA increased by 16.3% YoY to Rs. 6,957 Million, with an EBITDA margin of 22.5%. PBT before exceptional items rose by 18.5% YoY to Rs. 5,696 Million, while PAT grew by 10.6% YoY to Rs. 4,025 Million.

Standalone results also indicated growth, with Q3FY26 total income up 12.6% YoY to Rs. 8,960 Million and EBITDA up 10.8% YoY to Rs. 2,093 Million. A standalone exceptional expense of Rs. 237 Million was noted for the New Labour Code impact. PAT for standalone Q3FY26 declined by 4.5% YoY to Rs. 1,149 Million. For 9MFY26, standalone total income grew 10.5% YoY to Rs. 26,561 Million and EBITDA by 9.6% YoY to Rs. 6,199 Million. Standalone PAT grew 5.4% YoY to Rs. 3,788 Million for 9MFY26.

A significant strategic development during the quarter was the completion of the acquisition of 100% shareholding in Grupo Antolin's three Indian entities (Antolin Lighting India Private Limited, Grupo Antolin India Private Limited, and Grupo Antolin Chakan Private Limited) for an aggregate enterprise value of €159 million (approximately Rs. 16,700 Million) on January 8, 2026. This acquisition expands SPRL's portfolio into automotive interiors, lighting solutions, and EV motors & controllers, making its powertrain-agnostic products contribute over 35% of consolidated revenue and significantly enhancing its addressable market. Additionally, the company entered into an Asset Purchase Agreement to acquire piston manufacturing lines from Sunbeam Lightweighting Solutions Private Limited.

Management expressed confidence in sustaining growth momentum, citing a strong industry outlook, a diversified product portfolio, expanding customer relationships, and disciplined execution. The company remains focused on creating long-term value for stakeholders.

Shriram Pistons & Rings Limited (SPRL) announced its un-audited financial results for the quarter and nine months ended December 31, 2025 (Q3FY26 and 9MFY26), showcasing a robust performance. The company reported its highest-ever Total Income in a quarter, with consolidated figures for Q3FY26 reaching Rs. 10,563 Million, a significant 20.7% year-on-year (YoY) increase from Rs. 8,751 Million in Q3FY25. Consolidated EBITDA also saw a healthy rise of 20.8% YoY to Rs. 2,389 Million, maintaining an EBITDA margin of 22.6%. Profit Before Tax (PBT) before exceptional items grew by 22.3% YoY to Rs. 1,944 Million. However, Profit After Tax (PAT) saw a more modest growth of 4.0% YoY to Rs. 1,257 Million, impacted by a non-recurring, one-time exceptional expense of Rs. 252 Million related to the statutory impact of the New Labour Code.

For the nine-month period ended December 31, 2025 (9MFY26), consolidated total income grew by 16.8% YoY to Rs. 30,905 Million, and consolidated EBITDA increased by 16.3% YoY to Rs. 6,957 Million, with an EBITDA margin of 22.5%. PBT before exceptional items rose by 18.5% YoY to Rs. 5,696 Million, while PAT grew by 10.6% YoY to Rs. 4,025 Million.

Standalone results also indicated growth, with Q3FY26 total income up 12.6% YoY to Rs. 8,960 Million and EBITDA up 10.8% YoY to Rs. 2,093 Million. A standalone exceptional expense of Rs. 237 Million was noted for the New Labour Code impact. PAT for standalone Q3FY26 declined by 4.5% YoY to Rs. 1,149 Million. For 9MFY26, standalone total income grew 10.5% YoY to Rs. 26,561 Million and EBITDA by 9.6% YoY to Rs. 6,199 Million. Standalone PAT grew 5.4% YoY to Rs. 3,788 Million for 9MFY26.

A significant strategic development during the quarter was the completion of the acquisition of 100% shareholding in Grupo Antolin's three Indian entities (Antolin Lighting India Private Limited, Grupo Antolin India Private Limited, and Grupo Antolin Chakan Private Limited) for an aggregate enterprise value of €159 million (approximately Rs. 16,700 Million) on January 8, 2026. This acquisition expands SPRL's portfolio into automotive interiors, lighting solutions, and EV motors & controllers, making its powertrain-agnostic products contribute over 35% of consolidated revenue and significantly enhancing its addressable market. Additionally, the company entered into an Asset Purchase Agreement to acquire piston manufacturing lines from Sunbeam Lightweighting Solutions Private Limited.

Management expressed confidence in sustaining growth momentum, citing a strong industry outlook, a diversified product portfolio, expanding customer relationships, and disciplined execution. The company remains focused on creating long-term value for stakeholders.

Shriram Pistons & Rings Limited announced its unaudited financial results for the quarter and nine months ended December 31, 2025. The board meeting also approved an interim dividend, issuance of Non-Convertible Debentures (NCDs), and initiated a name change to SPR Auto Technologies Limited. Significant acquisitions were completed.

Quarterly/Annual Results:

• Standalone: For Q3 FY26, revenue from operations was Rs 8,651 million, up 12.41% YoY. Profit After Tax (PAT) stood at Rs 1,149 million, down 4.49% YoY, impacted by an exceptional item of Rs 237 million related to Labour Codes provision. For the nine months ended December 31, 2025, standalone PAT grew 5.43% YoY to Rs 3,788 million. Standalone EPS was Rs 26.08 for Q3 FY26, a decrease from Rs 27.32 YoY.
• Consolidated: For Q3 FY26, consolidated revenue from operations rose 20.67% YoY to Rs 10,232 million. Consolidated PAT increased by 3.97% YoY to Rs 1,257 million. The consolidated nine months PAT grew 10.58% YoY to Rs 4,025 million. Consolidated EPS was Rs 27.93 for Q3 FY26, up from Rs 27.22 YoY.

Guidance & Concall Commentary:
No forward-looking guidance or concall commentary is present in this announcement.

Financials:

• Income Statement: Detailed revenue, expenses, and profit figures for standalone and consolidated results are provided for Q3 and 9M FY26. Notable is an exceptional item of Rs 237 million (standalone) and Rs 252 million (consolidated) due to provisions for new Labour Codes.
• Balance Sheet: Standalone Debt-to-Equity ratio was 0.63 as of 9M FY25. Standalone Total Debts to Total Assets ratio was 0.34. Standalone Current Ratio was 1.70.
• Cash Flow: No cash flow statement or free cash flow figures are provided.
• Ratios: Standalone Interest Service Coverage Ratio (ISCR) was 20.53 for 9M FY25. Consolidated ISCR was 27.98 for 9M FY25. Standalone Operating Margin was 17.89% in Q3 FY26 (down from 21.17% YoY). Standalone Net Profit Margin was 13.28% in Q3 FY26 (down from 15.64% YoY).

Key Events:

• Interim Dividend: Board approved an interim dividend of 50% (Rs. 5/- per share) for FY 2025-26.
• NCD Issuance: Approval for issuance of up to Rs. 10,000 million secured, rated, listed, redeemable NCDs on a private placement basis.
• Acquisitions: Completed the acquisition of 100% equity shares of Antolin Lighting India Private Limited, Grupo Antolin India Private Limited, and Grupo Antolin Chakan Private Limited on January 8, 2026.
• Asset Purchase: Entered into an Asset Purchase Agreement for Rs. 280 million for identified plant, machinery, and piston-line assets.
• Name Change & MOA/AOA Alteration: Proposed to change the company name from "Shriram Pistons & Rings Limited" to "SPR Auto Technologies Limited" and approved alterations in MOA/AOA, subject to shareholder and regulatory approvals.

Outlook:
The company's name change and MOA alterations indicate a strategic intent to diversify and expand business activities beyond its current scope, exploring new opportunities. The completion of acquisitions also signals growth ambitions.

Shriram Pistons & Rings Limited held its Board meeting on February 2, 2026, approving its un-audited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025. On a standalone basis, revenue from operations for Q3 FY26 increased by 12.41% YoY to ₹8,651 million, but profit after tax (PAT) saw a decline of 4.49% YoY to ₹1,149 million. The Earnings Per Share (EPS) also decreased by 4.54% YoY to ₹26.08. Profitability was impacted by an exceptional item of ₹237 million related to provisions for new Labour Codes. On a consolidated basis, revenue from operations grew robustly by 20.67% YoY to ₹10,232 million, while PAT increased by 3.97% YoY to ₹1,257 million, with consolidated basic EPS at ₹27.93, up 2.61% YoY. The consolidated results benefited from the recent acquisition of Antolin Lighting India Private Limited and its subsidiaries, completed on January 8, 2026. The Board also approved an interim dividend of 50% (₹5 per share) for FY 2025-26. A significant financial move was the approval for the issuance of 100,000 secured, rated, listed, redeemable Non-Convertible Debentures (NCDs) aggregating up to ₹10,000 million on a private placement basis. In terms of corporate restructuring, the company proposed a name change from Shriram Pistons & Rings Limited to SPR Auto Technologies Limited, subject to regulatory and shareholder approvals. Further, the company announced the completion of an asset purchase from Sunbeam Lightweighting Solutions for ₹280 million. For the nine months ended December 31, 2025, standalone PAT was ₹3,788 million (+5.43% YoY) and consolidated PAT was ₹4,025 million (+10.58% YoY).

Shriram Pistons & Rings Limited held its Board meeting on February 2, 2026, approving its un-audited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025. On a standalone basis, revenue from operations for Q3 FY26 increased by 12.41% YoY to ₹8,651 million, but profit after tax (PAT) saw a decline of 4.49% YoY to ₹1,149 million. The Earnings Per Share (EPS) also decreased by 4.54% YoY to ₹26.08. Profitability was impacted by an exceptional item of ₹237 million related to provisions for new Labour Codes. On a consolidated basis, revenue from operations grew robustly by 20.67% YoY to ₹10,232 million, while PAT increased by 3.97% YoY to ₹1,257 million, with consolidated basic EPS at ₹27.93, up 2.61% YoY. The consolidated results benefited from the recent acquisition of Antolin Lighting India Private Limited and its subsidiaries, completed on January 8, 2026. The Board also approved an interim dividend of 50% (₹5 per share) for FY 2025-26. A significant financial move was the approval for the issuance of 100,000 secured, rated, listed, redeemable Non-Convertible Debentures (NCDs) aggregating up to ₹10,000 million on a private placement basis. In terms of corporate restructuring, the company proposed a name change from Shriram Pistons & Rings Limited to SPR Auto Technologies Limited, subject to regulatory and shareholder approvals. Further, the company announced the completion of an asset purchase from Sunbeam Lightweighting Solutions for ₹280 million. For the nine months ended December 31, 2025, standalone PAT was ₹3,788 million (+5.43% YoY) and consolidated PAT was ₹4,025 million (+10.58% YoY).

Shriram Pistons & Rings Limited: Q3 FY26 Results and Corporate Actions

Shriram Pistons & Rings Limited announced its financial results for the quarter and nine months ended December 31, 2025, alongside several significant corporate actions. The company reported a revenue increase, approved an interim dividend, planned a substantial debt issuance, and proposed a name change, reflecting strategic moves and operational updates.

Quarterly/Annual Results

Standalone Performance:
For the third quarter of FY26, the company reported a revenue from operations of ₹8,651 million, marking a year-on-year growth of 12.4%. However, Profit After Tax (PAT) saw a decline of 4.5% YoY to ₹1,149 million, resulting in a 4.5% YoY decrease in Basic Earnings Per Share (EPS) to ₹26.08. The nine-month period showed a more positive trend with PAT growing 5.4% YoY to ₹3,788 million. An exceptional item of ₹237 million was recognized due to provisions for new Labour Codes.

Consolidated Performance:
On a consolidated basis, revenue from operations for Q3 FY26 grew by a stronger 20.7% YoY to ₹10,232 million. PAT increased by 3.97% YoY to ₹1,257 million, and Basic EPS rose 2.6% YoY to ₹27.93. The nine-month period saw consolidated PAT grow by 10.58% YoY to ₹4,025 million. A consolidated exceptional item of ₹252 million was recorded for Labour Code provisions. The company noted that consolidated results are not directly comparable year-on-year due to recent acquisitions.

Financials

The company plans to raise ₹10,000 million (₹1000 Crores) through the issuance of secured, rated, listed, and redeemable Non-Convertible Debentures (NCDs) on a private placement basis. This follows the earlier issuance of Commercial Papers totaling ₹10,000 million. The standalone Debt-to-Equity ratio was 0.63 as of December 31, 2025. Standalone net profit margin for the quarter was 13.28%, with an operating margin reported at 17.89%. The standalone Interest Service Coverage Ratio was a healthy 20.53.

Key Corporate Actions and Events

• Dividend: The Board of Directors approved a 50% interim dividend (₹5 per share) for the Financial Year 2025-26.
• Name Change: The company proposed changing its name from "Shriram Pistons & Rings Limited" to "SPR Auto Technologies Limited", subject to necessary approvals. This change also necessitates alterations to the Memorandum of Association (MOA) and Articles of Association (AOA) to align with the Companies Act, 2013, and reflect diversification.
• Acquisitions: The acquisition of 100% equity shares of Antolin Lighting India Private Limited (ALIPL) and Grupo Antolin India Private Limited (GAIPL), along with its subsidiary GACPL, was completed on January 8, 2026.
• Asset Purchase: An Asset Purchase Agreement was executed on December 19, 2025, for the purchase of identified plant, machinery, and piston-line assets from Sunbeam Lightweighting Solutions Private Limited for ₹280 million.
• Fundraising: Approval was given for the issuance of up to ₹10,000 million in NCDs.
• Exceptional Item: A provision of ₹237 million (standalone) was made for the financial implications of the new Labour Codes.

Shriram Pistons & Rings Limited has announced its un-audited financial results for the quarter and nine months ended December 31, 2025. On a standalone basis, revenue from operations for Q3 FY26 increased by 12.41% year-on-year (YoY) to ₹8,651 million. However, profit after tax (PAT) saw a decline of 4.49% YoY to ₹1,149 million, largely attributed to an exceptional item of ₹237 million, representing an additional provision made for the newly notified Labour Codes. For the nine-month period ended December 31, 2025, standalone revenue grew by 10.72% YoY to ₹25,737 million, and PAT increased by 5.43% YoY to ₹3,788 million.

On a consolidated basis, which includes subsidiaries, revenue from operations surged by 20.67% YoY to ₹10,232 million in Q3 FY26. Consolidated PAT registered a marginal increase of 3.97% YoY to ₹1,257 million. The nine-month consolidated revenue rose by 17.23% YoY to ₹30,029 million, with PAT growing by 10.58% YoY to ₹4,025 million.

Profitability metrics show a mixed picture. Standalone operating margins contracted to 17.89% in Q3 FY26 from 21.17% in the corresponding prior year quarter, and net profit margins also reduced. The standalone Debt-to-Equity ratio increased significantly to 0.63 as of December 31, 2025, compared to 0.15 previously, indicating higher leverage. The interest service coverage ratio, however, remains healthy at 20.53 for the standalone entity.

The Board of Directors has approved an interim dividend of 50% (₹5 per equity share of face value ₹10) for the Financial Year 2025-26. In terms of fundraising, the company approved the issuance of secured, rated, listed, and redeemable Non-Convertible Debentures (NCDs) aggregating up to ₹10,000 million (₹10,000 crore) on a private placement basis.

Significant corporate actions are underway. The company has proposed a name change from "Shriram Pistons & Rings Limited" to "SPR Auto Technologies Limited", subject to necessary shareholder and regulatory approvals. This is accompanied by plans to alter the Memorandum of Association (MOA) and Articles of Association (AOA) to align with the Companies Act, 2013, and potentially reflect diversified business activities. A postal ballot notice will be issued to shareholders for these approvals.

Furthermore, the company has completed strategic acquisitions. The acquisition of 100% equity shares of Antolin Lighting India Private Limited and Grupo Antolin India Private Limited (along with its subsidiary GACPL) was finalized on January 8, 2026. Additionally, an Asset Purchase Agreement was executed on December 19, 2025, with Sunbeam Lightweighting Solutions Private Limited for the purchase of identified plant, machinery, and piston-line assets for ₹280 million.

Shriram Pistons & Rings Limited has announced its upcoming Earnings Conference Call to discuss its financial results for the third quarter and the first nine months of the fiscal year 2026. The call is scheduled for Tuesday, February 3, 2026, at 4:00 PM IST and will be conducted online via audio conference.

Key management personnel scheduled to participate include Mr. Krishnakumar Srinivasan, Managing Director & Chief Executive Officer; Mr. Prem Rathi, Executive Director & Chief Financial Officer; and Mr. Pankaj Gupta, Dy. Executive Director, Head Legal & Company Secretary.

The announcement provides a virtual joining/registration link for participants and a comprehensive list of international and domestic dial-in numbers for attending the audio conference. Ernst & Young LLP will be facilitating the call, with contact persons Rohit Anand and Riddhant Kapur available for further queries.

This notification serves purely as a schedule of the event and does not contain any financial performance data, quarterly or annual results, management guidance, outlook, or specific financial deep dive information. Investors and analysts are invited to attend the call to obtain these details and engage with the management.

Shriram Pistons & Rings Limited has announced a Board Meeting scheduled for Monday, February 2, 2026. The primary agenda item is the consideration and approval of the Un-Audited Financial Results, both standalone and consolidated, for the quarter and the nine months ending December 31, 2025, along with the Limited Review Report.

Further, the Board will discuss the declaration of an interim dividend for the financial year 2025-26, if any, and fix the record date for the same. A significant proposal for fundraising is also slated for consideration, involving the issuance of Secured Non-Convertible Debentures (NCDs) on a private placement basis, with an aggregate amount of up to INR 1,000 Crore planned to be raised in one or more tranches/series.

In line with SEBI regulations, the trading window for the company's securities has been closed since January 1, 2026, and will remain closed for 48 hours following the communication of the financial results.

Shriram Pistons & Rings Limited has announced its upcoming Board Meeting, scheduled to be held on Monday, February 2, 2026. In compliance with SEBI Listing Regulations, the Board will inter alia consider and approve the un-audited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025, along with the Limited Review Report.

Furthermore, the meeting agenda includes the consideration of an interim dividend for the financial year 2025-26, if any, and fixing the record date for the same. A significant proposal to raise funds through the issuance of Secured Non-Convertible Debentures (NCDs) on a private placement basis is also slated for approval. The aggregate amount for this fundraising initiative is up to INR 1,000 Crore, which may be raised in one or more tranches or series.

In line with SEBI (Prohibition of Insider Trading) Regulations, 2015, the company has closed its trading window from January 1, 2026, and it will remain closed until 48 hours after the financial results are communicated to the stock exchanges. This intimation is also available on the company's website.

The news is a regulatory filing from Shriram Pistons & Rings Limited, announcing an upcoming Board Meeting scheduled for Monday, February 2, 2026. This meeting is crucial as it will involve the consideration and approval of the company's unaudited financial results for both the quarter and the nine months ending December 31, 2025. These results will provide insights into the company's operational and financial performance during the period.

Additionally, the Board will evaluate the possibility of declaring an interim dividend for the current financial year 2025-26 and will fix the corresponding record date if approved. A significant item on the agenda is the proposal for raising funds through the issuance of Secured Non-Convertible Debentures (NCDs). The company plans to raise an aggregate amount of up to INR 1,000 Crore through private placement, which may be executed in one or more tranches or series. This fundraising initiative could impact the company's debt structure and financial leverage.

The company has also reminded stakeholders about the closed trading window, which commenced on January 1, 2026, and will remain shut until 48 hours post the announcement of the financial results, as per SEBI's insider trading regulations. The intimation has been filed with both the National Stock Exchange (NSE) and BSE Limited.

Shriram Pistons & Rings Limited (SPRL) has submitted a certificate from its Chief Financial Officer (CFO) to the stock exchanges (NSE and BSE) regarding the Rs 10,000 million Commercial Paper (CP) issuance made on December 24, 2025. This certificate, issued in adherence to SEBI Master Circulars concerning non-convertible securities and commercial papers, confirms the company's compliance with listing conditions and the proper utilization of the CP proceeds. Key affirmations include: CP proceeds have been used for purposes disclosed in the Disclosure Document dated December 22, 2025; all provisions of relevant RBI, SEBI, and FIMMDA guidelines have been adhered to; asset classification for all fund-based facilities remains standard; there has been no material adverse change in the company's financial status affecting the CP's credit rating; and the CPs were not invested in by related parties. The Commercial Paper, with a face value of Rs 10,000,000,000, is listed on NSE's debt segment and matures on February 24, 2026. This submission ensures transparency and adherence to financial norms.

Shriram Pistons & Rings Limited has submitted a regulatory update concerning a routine compliance filing. The company informed the stock exchanges about receiving a report from its Registrar and Share Transfer Agent, Alankit Assignments Limited, detailing the status of re-lodgement of transfer requests for physical shares. This report covers the period from December 7, 2025, to January 6, 2026. The filing is made in adherence to SEBI Circular No. SEBI/HO/MIRSD/MIRSD-PoD/P/CIR/2025/97 dated July 2, 2025, which introduced a special window for re-lodging physical share transfer requests. Shriram Pistons & Rings Limited also confirmed that the contents of this SEBI circular have been duly displayed on its website and published in widely circulated newspapers, ensuring transparency and shareholder awareness. This announcement is purely a compliance-driven communication and does not contain any specific financial performance data, operational highlights, or future outlook.

Shriram Pistons & Rings Limited (SPRL) has announced the completion of its acquisition of Grupo Antolin's Indian operations. This significant transaction, initially detailed via a Share Purchase Agreement (SPA) executed on December 5, 2025, involves the full acquisition of Antolin Lighting India Private Limited (T1) and Grupo Antolin India Private Limited (T2). Consequently, SPRL has also indirectly acquired approximately 99.99% of the outstanding capital of Grupo Antolin Chakan Private Limited (T3).

Following the completion, Antolin Lighting India Private Limited and Grupo Antolin India Private Limited have become wholly-owned subsidiaries of SPRL. Notably, Grupo Antolin India Private Limited is also classified as an unlisted material subsidiary, and Grupo Antolin Chakan Private Limited is now a step-down subsidiary.

This strategic move is aligned with SPRL's objective to diversify its product portfolio. The acquisition aims to expand the company's presence into automotive interior solutions and ICE-agnostic product segments, complementing its established business in ICE powertrain components and its ventures into electric vehicle (EV) related products. The company has formally informed the stock exchanges about this development under Regulation 30 of SEBI Listing Regulations and has made the details available on its official investor relations website.

Shriram Pistons & Rings Limited (SPRL) has reported robust financial performance for the second quarter and first half of FY26, alongside announcing significant strategic acquisitions. For Q2 FY26, the company posted a consolidated revenue increase of 15.0% year-on-year to ₹10,427 million, with consolidated Profit After Tax (PAT) rising 12.9% year-on-year to ₹1,421 million. The first half of FY26 also showed strong growth, with consolidated total income up 15% to Rs. 20,344 million and EBITDA up 14% to Rs. 4,570 million. The company continues to maintain a strong balance sheet and remains net-debt-free.

Management commentary highlighted resilience amidst market conditions, attributing performance to festive demand and GST reforms, with positive contributions from EV and injection moulding businesses. The company's strategic focus remains on process efficiencies, innovation, and diversification, with an outlook to consistently outperform industry growth. An audio recording of the Q2/H1 FY26 earnings conference call, held on November 7, 2025, was made public, ensuring transparency.

A major strategic development is the definitive agreement to acquire Grupo Antolin's Indian operations for approximately ₹16,700 million in cash. This significant transaction aims to diversify SPRL's portfolio into automotive interior solutions and ICE-agnostic products, complementing its existing ICE powertrain component business and EV ventures. The acquired entities, generating ₹11,791 million in annual revenue and serving major OEMs, are expected to be value-accretive. The acquisition is targeted for completion by January 2, 2026. In parallel, SPRL has acquired identified plant and machinery for its piston manufacturing line from Sunbeam Lightweighting Solutions (a Craftsman Automation subsidiary) for INR 28 crore, structured in tranches, to enhance manufacturing capacity. This asset acquisition follows SPRL's broader diversification strategy.

India Ratings has placed SPRL's debt instruments under 'Rating Watch with Positive Implications', with the Commercial Paper program rated 'IND A1+' and bank facilities/NCDs rated 'IND AA', signalling potential credit enhancement. The company also issued ₹10,000 million in Commercial Papers on December 24, 2025.

Shriram Pistons & Rings Limited (SPRL) has announced the completion of the first tranche closing under an Asset Purchase Agreement (APA) dated December 19, 2025, with Sunbeam Lightweighting Solutions Private Limited, a wholly-owned subsidiary of Craftsman Automation Limited. This domestic transaction involved the acquisition of identified plant and machinery and related assets forming part of a piston manufacturing line. SPRL paid INR 10 Crores as part of this first tranche, with the balance acquisition to be completed in subsequent tranches, subject to the fulfillment of applicable closing conditions. The company has confirmed that the transaction is structured on an arm's length basis and does not qualify as a related party transaction. The rationale behind this asset acquisition is to enhance Shriram Pistons & Rings' manufacturing capacity and operational efficiencies within its core piston manufacturing segment. This move is a step towards strengthening its operational base and aligns with the company's strategic objectives. No specific quarterly results, guidance, or outlook statements are included in this particular announcement, as it focuses purely on the regulatory update regarding the asset purchase agreement.

Shriram Pistons & Rings Limited reported robust financial results for the second quarter and first half of FY26. Consolidated revenue for Q2 FY26 grew by 15.0% year-on-year to ₹10,427 million, with consolidated Profit After Tax (PAT) increasing by 12.9% year-on-year to ₹1,421 million. For the first half of FY26 (H1 FY26), consolidated total income rose by 15% to ₹20,344 million, and EBITDA grew by 14% to ₹4,570 million. Standalone Q2 FY26 performance showed revenue at ₹8,356 million and PAT at ₹1,339 million.

Management highlighted resilience amidst market conditions, driven by festive demand and GST reforms, with positive contributions from EV and injection moulding businesses. The company remains focused on process efficiencies, innovation, and diversification to outperform industry growth and generate stakeholder value. The outlook suggests continued industry outperformance, leveraging its strategic pillars.

The company emphasized its strong balance sheet and maintained a net-debt-free status, supporting its strategic growth initiatives. India Ratings has placed SPRL's debt instruments under 'Rating Watch with Positive Implications', with its commercial paper rated 'IND A1+' and bank facilities/proposed NCDs rated 'IND AA'.

Strategically, Shriram Pistons & Rings is undertaking a major acquisition of 100% of Grupo Antolin's Indian operations for approximately ₹16,700 million in cash. This move aims to diversify SPRL's portfolio into automotive interior solutions and ICE-agnostic products, complementing its existing ICE powertrain component business and EV ventures. The acquired entities, which generated ₹11,791 million in annual revenue, are expected to be value-accretive and the transaction is targeted for completion by January 2, 2026.

In addition, SPRL entered an Asset Purchase Agreement with Sunbeam Lightweighting Solutions Private Limited (a subsidiary of Craftsman Automation) for INR 28 Crore to acquire identified piston manufacturing plant and machinery, aiming to enhance manufacturing capacity and operational efficiencies.

From a regulatory standpoint, the company announced the closure of its trading window effective January 1, 2026, until 48 hours after the declaration of its Un-audited Standalone and Consolidated Financial Results for the quarter ending December 31, 2025 (Q3 FY26). This is a standard compliance measure.

Shriram Pistons & Rings Limited announced its Q2 FY26 financial results, reporting a consolidated revenue growth of 15.0% year-on-year to ₹10,427 million and a 12.9% YoY increase in consolidated Profit After Tax (PAT) to ₹1,421 million. For the first half of FY26, consolidated total income grew 15% YoY to ₹20,344 million, with EBITDA up 14% to ₹4,570 million and PAT rising 14.0% YoY to ₹2,770 million. The company is undertaking a significant strategic acquisition of Grupo Antolin's Indian operations for approximately ₹16,700 million in cash. This transaction aims to diversify SPRL into automotive interior solutions and ICE-agnostic products, complementing its existing ICE powertrain component business and EV ventures. The acquired entities generate ₹11,791 million in annual revenue and are expected to be value-accretive, with completion targeted by January 2, 2026. Furthermore, SPRL acquired identified plant and machinery for its piston manufacturing line from Craftsman Automation's subsidiary for ₹280 million, expected to be completed by March 2026. Financially, the company issued ₹10,000 million in Commercial Papers on December 24, 2025, maturing in 62 days. Management highlighted resilience amidst market conditions, positive contributions from EV and injection moulding businesses, and a continued focus on innovation, process efficiencies, and diversification to outperform industry growth, supported by its net-debt-free status and strong balance sheet.

Craftsman Automation Limited has announced the successful completion of the acquisition of Suprash Developers Private Limited and its wholly-owned subsidiary, Srikara Technologies Private Limited, by its subsidiary DR Axion India Private Limited.

In terms of financial performance, the company reported strong results for the second quarter of FY26 (Q2 FY26). Consolidated revenue surged by 65% year-on-year (YoY) to ₹2,002 Crores. Profit After Tax (PAT) saw a significant increase of 47% YoY, reaching ₹91 Crores, with EBITDA rising by 56% YoY to ₹312 Crores. For the first half of FY26 (H1 FY26), consolidated revenue grew by an impressive 60% YoY to ₹3,786 Crores. The Aluminium Products and Powertrain segments were identified as key revenue drivers, contributing substantially to the growth. Management has reaffirmed its full-year guidance for FY26, expecting revenue of ₹7,000 Crores and EBITDA of ₹1,100 Crores.

Financially, the company's balance sheet indicates a substantial increase in net debt, reaching approximately ₹2,897 Crores as of September 30, 2025. This has been driven by significant capital expenditure, with CapEx for H1 FY26 amounting to ₹56,922 Lakhs, contributing to a negative free cash flow. The company's ROCE stood at 8% for FY25.

Key operational developments include the commencement of commercial operations at its SIPCOT Shoolagiri plant and board approval for a new plant in the Chennai Metropolitan Area by subsidiary DR Axion, involving an investment of approximately ₹280 Crores. Furthermore, the company is strategically divesting certain assets, with its subsidiary Sunbeam Lightweighting Solutions approving the sale of aluminum piston manufacturing assets to Shriram Pistons & Rings for ₹28 Crores.

In terms of creditworthiness, CRISIL has reaffirmed the credit ratings for Craftsman Automation and its subsidiary DR Axion India Private Limited at 'CRISIL AA-/Stable' and 'CRISIL A1+'. The reaffirmation acknowledges the company's strong business profile, particularly in the aluminum segment, and expected profitability improvements, while also noting the temporary financial moderation due to significant capital expenditure and debt addition.

The company has also made strategic investments in renewable energy, acquiring stakes in solar power companies like Altilium Solar, Eastsquare Energy, Event Green Power, EG Solar Energix, and Viksha Green Energy to meet group captive power requirements.

However, key concerns for investors include the rising net debt and its impact on financial leverage. The outlook remains positive, underpinned by growth in the aluminum segment and the 'China Plus One' strategy, though project realization timelines and debt management are critical factors.

Craftsman Automation Limited has announced that its wholly-owned subsidiary, Sunbeam Lightweighting Solutions Private Limited, will divest certain plant and machinery assets related to its aluminum piston manufacturing business to Shriram Pistons & Rings Limited (SPRL). The transaction is valued at ₹28 Crores and is expected to be completed in tranches by March 31, 2026. The company has confirmed that SPRL is not a related party.

This strategic divestment comes on the heels of strong financial performance reported for Q2 FY26, where consolidated revenue surged by 65% year-on-year to ₹2,002 Crores, and Profit After Tax (PAT) rose by 47% to ₹91 Crores. For the first half of FY26, consolidated revenue grew by 60% YoY. Despite these positive results, the company's financial position shows a significant increase in net debt to approximately ₹2,897 Crores as of September 30, 2025, and a negative free cash flow, largely due to capital expenditure and working capital requirements.

In terms of outlook and expansion, Craftsman Automation has seen its credit ratings reaffirmed by CRISIL ('CRISIL AA-/Stable', 'CRISIL A1+'), reflecting a stable outlook supported by its business profile and expected profitability improvements, albeit balanced by current financial moderation due to expansion. The company is actively expanding its capacities with new plants becoming operational and significant investments planned for its subsidiaries, alongside a strategic push into renewable energy sourcing. The resignation of the CTO for the Aluminium Products segment, however, warrants attention.

The asset sale of the aluminum piston business segment signals a potential strategic refinement, focusing on core competencies and operational optimization. While capital expenditure for expansion is ongoing, the proceeds from this sale could offer some relief to the debt structure. Investors will monitor the long-term impact of this divestment on the company's revenue mix and overall financial health.

Shriram Pistons & Rings Limited (SPRL) has entered into an Asset Purchase Agreement (APA) with Sunbeam Lightweighting Solutions Private Limited, a wholly-owned subsidiary of Craftsman Automation Limited, for the purchase of identified plant and machinery related to its piston manufacturing line. The transaction, valued at INR 28 Crore plus applicable GST, aims to enhance SPRL's existing piston manufacturing capacity and improve operational efficiencies. This domestic acquisition is structured as a piecemeal purchase of assets, subject to customary closing conditions, and is not considered a related-party transaction, undertaken on an arm's length basis. The acquisition is expected to be completed in two tranches.

This asset purchase news follows SPRL's robust Q2 FY26 financial performance, where it reported consolidated revenue growth of 15.0% year-on-year to ₹10,427 Million and a Profit After Tax (PAT) increase of 12.9% year-on-year to ₹1,421 Million. These results demonstrate resilience and positive contributions from its business segments.

Strategically, SPRL is actively diversifying its portfolio. The current asset acquisition for piston manufacturing complements its broader diversification strategy, notably its recent significant announcement to acquire Grupo Antolin's Indian operations for approximately ₹16,700 Mn. That acquisition aims to expand its presence in automotive components, diversify into ICE-agnostic product areas such as automotive interior solutions, and strengthen its overall market position. SPRL maintains a strong balance sheet, remaining net-debt-free, which supports these strategic growth initiatives and its objective to consistently outperform industry growth.

Shriram Pistons & Rings Limited (SPRL) has received updated credit ratings from India Ratings & Research (Ind-Ra). The company's Long-Term Issuer Rating has been placed on 'Rating Watch with Positive Implications' at 'IND AA'. Furthermore, its bank loan facilities have their long-term rating placed on 'Rating Watch with Positive Implications' at 'IND AA', with the short-term rating affirmed at 'IND A1+'. The total rated amount for bank loan facilities is INR 4,889.2 million (reduced from INR 5,100.8 million) and INR 920 million, which has been newly assigned. India Ratings has also assigned an 'IND A1+' rating to the Commercial Paper (CP) programme, with an issue size of up to INR 10,000 million, which is yet to be issued. Proposed non-convertible debentures (NCDs) have been assigned and placed on 'Rating Watch with Positive Implications' at 'IND AA'. These rating actions, effective December 16, 2025, and received on December 17, 2025, indicate a favourable outlook from the rating agency, suggesting potential future credit enhancements.

Shriram Pistons & Rings Limited (SPRL) announced robust financial results for the second quarter and first half of FY26, alongside a significant strategic acquisition. For Q2 FY26, the company reported consolidated revenue of ₹10,427 Million, marking a 15.0% year-on-year (YoY) increase, and consolidated Profit After Tax (PAT) rose by 12.9% YoY to ₹1,421 Million. Standalone revenue grew 5.24% YoY to ₹8,356 Million with PAT up 7.46% YoY to ₹1,339 Million. The Earnings Per Share (EPS) for the quarter stood at ₹30.40 on a standalone basis and ₹31.76 on a consolidated basis. For the half-year ended September 30, 2025 (H1 FY26), consolidated total income grew 15% YoY to ₹20,344 Million, with consolidated EBITDA increasing by 14% YoY to ₹4,570 Million and consolidated PAT rising 14.0% YoY to ₹2,770 Million. Standalone total income also saw a 9% YoY growth to ₹17,601 Million. Management highlighted resilience in challenging market conditions, supported by festive demand and GST reforms, with positive contributions from EV and injection moulding businesses. The company reiterated its focus on process efficiencies, innovation, and diversification, aiming to outperform industry growth and enhance stakeholder value. In a major strategic development, SPRL has entered into a definitive agreement to acquire the Indian operations of Grupo Antolin for approximately ₹16,700 Million in a cash transaction. This acquisition, which includes Antolin Lighting India and Grupo Antolin Chakan, aims to diversify SPRL's portfolio into automotive interior solutions and ICE-agnostic products, complementing its existing ICE powertrain component business and EV ventures. The target entities generate ₹11,791 Million in annual revenue and serve major OEMs. A Technology Licensing Agreement is also planned, with the acquisition expected to be completed by January 2, 2026, and is anticipated to be value-accretive. The company maintained its net-debt-free status, underscoring its strong financial health for such strategic moves. SPRL also released the audio recording of its investor conference call held on November 7, 2025, discussing these results and the acquisition, confirming adherence to SEBI regulations regarding Unpublished Price Sensitive Information (UPSI). Additionally, the company has been actively managing regulatory compliance, including updates on physical share transfer requests and KYC updation campaigns.

Shriram Pistons & Rings Limited (SPRL) has entered into a definitive agreement to acquire 100% of Grupo Antolin's Indian operations, including Antolin Lighting India Private Limited, Grupo Antolin India Private Limited, and Grupo Antolin Chakan Private Limited, for an enterprise value of EUR 159 million (approximately INR 16,700 million) on a debt-free, cash-free basis. This strategic acquisition marks a significant diversification for SPRL into the automotive interior solutions segment, complementing its existing ICE powertrain component business and EV ventures. The acquired entities, which generated INR 11,791 million in revenue in FY24-25, are leading suppliers of products such as headliner substrates, modular headliners, sunvisors, door panels, and ambient lighting, serving major OEMs like Tata Motors, Mahindra & Mahindra, and Volkswagen India. The transaction is expected to be completed by January 2, 2026, and is financed primarily through existing cash reserves, with minimal debt expected to be raised, keeping the debt-to-equity ratio around 0.3-0.4.

Following the acquisition, powertrain-agnostic products are projected to constitute approximately 35% of SPRL's consolidated revenue, de-risking its business model and establishing it as a multi-product organization. A Technology Licensing Agreement (TLA) with the global parent company, Antolin, will provide SPRL access to advanced technologies and global best practices for its new product development. Management highlighted that the acquired companies operate state-of-the-art manufacturing facilities and have robust order pipelines. Historically, these entities have operated at an EBITDA margin of around 9-10%, with good asset turnover ratios and ROCE.

SPRL also reported its Q2 FY26 results, showing consolidated revenue growth of 15.0% YoY to INR 10,427 million and consolidated PAT increase of 12.9% YoY to INR 1,421 million. For H1 FY26, consolidated total income grew 15% YoY to INR 20,344 million, with EBITDA increasing 14% YoY to INR 4,570 million. Management expressed confidence in improving the acquired business's EBITDA through cost structure optimization and synergy benefits, aiming to outperform industry growth and create stakeholder value. The acquired business is considered value-accretive, with no major additional capital expenditure anticipated for the acquired facilities as they are modern and state-of-the-art.

Shriram Pistons & Rings Limited (SPRL) has announced a major strategic acquisition, agreeing to purchase the Indian operations of Grupo Antolin for approximately ₹16,700 Mn in cash. This transaction encompasses entities like Antolin Lighting India and Grupo Antolin Chakan. The primary objective of this acquisition is to diversify SPRL's business into automotive interior solutions and ICE-agnostic product areas, complementing its existing ICE powertrain component business and ventures in electric vehicles. The acquired entities currently generate ₹11,791 Mn in annual revenue and serve major Original Equipment Manufacturers (OEMs). A long-term technology licensing agreement is also planned, with the acquisition expected to be completed by January 2, 2026.

Financially, the company reported strong Q2 FY26 results. Consolidated revenue grew by 15.0% year-on-year (YoY) to ₹10,427 Million, with Profit After Tax (PAT) increasing by 12.9% YoY to ₹1,421 Million. For the first half of FY26 (H1 FY26), consolidated total income rose by 14.9% YoY to ₹20,344 Million, and consolidated PAT increased by 14.0% YoY to ₹2,770 Million. The company maintains a strong balance sheet and is net-debt-free, positioning it well for this significant acquisition.

In line with regulatory requirements and transparency, SPRL has made the audio recording of its Earnings Conference Call, held on December 10, 2025, publicly available on its website. This call focused on providing an update regarding the acquisition of Grupo Antolin's Indian companies. The company explicitly stated that discussions were based solely on publicly available documents, ensuring no Unpublished Price Sensitive Information (UPSI) was shared. This release is a continuation of regulatory compliance following previous disclosures regarding Q2/H1 FY26 results, trading window closures, and share transfer procedures.

The outlook suggests continued industry outperformance, leveraging its diversified business model, R&D focus, and strategic acquisitions like the Grupo Antolin deal. The company aims to enhance its capabilities, expand market presence, and is expected to see value accretion from the acquisition.

Shriram Pistons & Rings Limited (SPRL) has officially clarified with the BSE and NSE regarding a significant increase observed in the trading volume of its securities. In its communication dated December 8, 2025, the company stated that the volume movement is purely market-driven and attributable to prevailing market conditions. SPRL assured that management neither exercises control over nor possesses specific knowledge of the reasons behind such an increase. Crucially, the company confirmed that, to the best of its knowledge, there is no material information or event related to its operations or performance that has not already been disclosed to the exchanges and which may have a bearing on the price or volume movement.

This clarification was prompted following SPRL's announcement on December 5, 2025, of entering into a definitive agreement to acquire 100% of Grupo Antolin's Indian operations for approximately Rs 16,700 Mn in cash. The acquisition includes Antolin Lighting India Private Limited, Grupo Antolin India Private Limited, and its subsidiary Grupo Antolin Chakan Private Limited. This strategic move is aimed at significantly expanding SPRL's automotive component capabilities, diversifying into ICE-agnostic areas like automotive interior solutions, and strengthening its market position. The target entities, which generate Rs 11,791 Mn in annual revenue and serve major OEMs, are expected to be value-accretive. A long-term Technology Licensing Agreement is also planned as part of the transaction, with completion anticipated by January 2, 2026.

SPRL reiterated its consistent compliance with all applicable regulatory requirements, including timely disclosures under SEBI Listing Regulations, and assured prompt communication of any future material developments. The company also highlighted its commitment to stakeholder value and outperforming industry growth. While this specific report does not detail recent financial performance, the company's ability to undertake such a substantial cash acquisition suggests a strong financial footing. An analyst meeting is scheduled for December 10, 2025, to further discuss the implications of this acquisition.

The Indian equity market benchmarks, Sensex and Nifty, scaled fresh life-highs during the week ending December 5th, 2025, before succumbing to profit booking, resulting in flat weekly closings. Broader markets underperformed, with BSE Midcap and Smallcap indices losing 1.3% and 1.8% WoW, respectively. A significant development was the depreciation of the Indian Rupee (INR) to a record low of 90 against the USD, attributed to US-India trade deal uncertainties and FII outflows. The Reserve Bank of India's Monetary Policy Committee (MPC) unanimously decided to cut the repo rate by 25 basis points to 5.25%, maintained a neutral stance, lowered the CPI inflation projection for FY26 to 2.0%, and raised the GDP growth forecast to 7.3%.

In economic data, November GST collections grew by a marginal 0.7% YoY to Rs 1.7 trillion, while the manufacturing PMI dropped to a nine-month low of 56.6. Auto sales data for November showcased continued positive momentum, with Passenger Vehicle (PV) sales driven by GST-led demand and Commercial Vehicle (CV) sales boosted by a low base and GST 2.0. Hero MotoCorp reported 31.5% YoY growth in 2W volumes, Maruti Suzuki's production increased 25.7% YoY, and Force Motors' sales jumped 52.9% YoY.

Sectorally, BSE IT gained 2.9% WoW, largely due to the weakening rupee, while Capital Goods was the biggest loser, down 2.3% WoW. Fund flows indicated persistent FII selling (net outflow of Rs 10,123 cr), countered by DII net buying (Rs 15,596 cr).

Several companies announced key developments: Brigade Enterprises signed a JDA for a premium residential project in Hyderabad (revenue potential > Rs 800 cr). Shriram Pistons & Rings is acquiring two entities for ~Rs 1,670 cr to expand into automotive interior and lighting solutions. Arvind SmartSpaces acquired a residential project in Ahmedabad (topline potential Rs 400 cr). HG Infra Engineering's subsidiary entered a Battery Energy Storage Purchase Agreement with GUVNL. Dynamic Cables received approval from Power Grid Corp for conductor manufacturing. Lloyds Engineering partnered with Virtualabs Srl for radar technology. Raymond Realty launched a luxury project in BKC, Mumbai (revenue potential Rs 2,000 cr). MOIL increased manganese ore prices by 3%. NMDC reported an 11% YoY growth in iron ore production for November. Indian Hotels' arm made significant stake acquisitions. Amber Enterprises acquired a stake in Shogini Technoarts for Rs 506 cr. NRB Bearings signed a pact for a JV with Unitec for cylindrical roller bearings. Chalet Hotels launched a new premium brand, 'Athiva Hotels & Resorts'. Godawari Power & Ispat received consent for pellet plant expansion. Indian Energy Exchange recorded 17.7% YoY growth in electricity traded volume.

Shriram Pistons & Rings Limited (SPRL) has announced a significant strategic move with a definitive agreement to acquire 100% of Grupo Antolin's Indian operations, encompassing Antolin Lighting India Private Limited, Grupo Antolin India Private Limited, and its subsidiary Grupo Antolin Chakan Private Limited, for approximately Rs 16,700 Million on a debt-free, cash-free basis. This acquisition marks a pivotal step in SPRL's long-term strategy to diversify beyond traditional ICE powertrain components and enter the fast-growing automotive interiors segment.

The target companies bring a robust portfolio of advanced interior solutions, including headliner substrates, sunvisors, door panels, centre floor consoles, pillar trims, and lighting systems, serving major OEMs across India. These entities contribute annual revenues of approximately Rs 11,791 Million and are expected to be immediately value-accretive to SPRL's consolidated results. The transaction is also set to include a long-term Technology Licensing Agreement with Grupo Antolin, ensuring continued access to cutting-edge technologies and global best practices.

This diversification initiative aligns with SPRL's broader strategy of developing powertrain-agnostic products and captures evolving industry trends. It builds upon recent strategic investments in subsidiaries like SPR EMF Innovations and SPR Takahata Precision India, aimed at strengthening its position in EV mobility solutions and high-precision plastic injection moulding parts.

Financially, SPRL maintains a strong balance sheet, remaining net-debt-free, which provides a solid foundation for undertaking such significant acquisitions. The company's recent performance supports this strategic expansion, with Q2 FY26 consolidated results showing a 15% year-on-year revenue growth to Rs 10,427 Million and a 12.9% year-on-year increase in Profit After Tax (PAT) to Rs 1,421 Million. For the half-year ended September 30, 2025 (H1 FY26), consolidated total income grew by 15% YoY to Rs 20,344 Million, with EBITDA increasing by 14% to Rs 4,570 Million.

The acquisition is expected to be completed by January 2, 2026, subject to customary approvals. To discuss this development, an Analyst/Investor Meet is scheduled for December 10, 2025. Management, led by MD & CEO Mr. Krishnakumar Srinivasan, views this as a strategic opportunity to significantly enhance SPRL's competitive edge in the auto components industry and drive long-term sustainability and success.

Shriram Pistons & Rings Limited (SPRL) has announced a major strategic acquisition, agreeing to purchase Antolin Lighting India, Grupo Antolin India, and its subsidiary Grupo Antolin Chakan for Euro 159 million, approximately ₹16,700 million, in a cash transaction.

This acquisition is poised to significantly enhance SPRL's capabilities and expand its presence within the automotive components sector. A key objective is to diversify into ICE-agnostic product areas, particularly automotive interior solutions, thereby strengthening the company's market position. A related Technology Licensing Agreement is also planned, with the transaction expected to be completed by January 2, 2026.

In parallel, SPRL has reported strong financial performance for the second quarter and first half of FY26. For Q2 FY26, consolidated revenue grew by 15.0% year-on-year (YoY) to ₹10,427 million, and consolidated Profit After Tax (PAT) increased by 12.9% YoY to ₹1,421 million, with an Earnings Per Share (EPS) of ₹31.76. Standalone revenue for the quarter rose 5.24% YoY to ₹8,356 million, with PAT up 7.46% YoY to ₹1,339 million and EPS at ₹30.40.

For the first half of FY26 (H1 FY26), consolidated total income reached ₹20,344 million, a 14.9% YoY increase. Consolidated EBITDA grew by 14% YoY to ₹4,570 million, and consolidated PAT saw a 14.0% YoY jump to ₹2,770 million.

Management commentary highlighted resilience amidst market conditions, driven by festive demand and GST reforms, with EV and injection moulding businesses contributing positively. The company's strategic priorities include diversification across segments and products, innovation through R&D, and accelerating growth via key acquisitions. SPRL remains committed to outperforming industry growth and maintaining its net-debt-free status.

To provide detailed insights into the acquisition, Shriram Pistons & Rings has scheduled an investor call for Wednesday, December 10, 2025, at 4:00 PM IST. Senior management, including the MD & CEO and CFO, will discuss the acquisition's strategic implications and future outlook.

This SSL Research morning update for December 5, 2025, provides a snapshot of market expectations and key actionable news for investors. The market is anticipated to open flat ahead of the RBI MPC policy outcome, with attention on rate-sensitive sectors like Auto, Banks, NBFCs, and Realty. Global markets showed mixed performance, with Wall Street ending mixed and Asian indices largely trading in the red.

Significant corporate actions highlighted include British American Tobacco's intention to offload shares worth nearly Rs 3,000 crore in ITC Hotels, a move deemed negative in the short to medium term. Positively, Shriram Pistons & Rings Ltd is set to acquire 100% stake in Antolin Lighting India and Grupo Antolin India for an enterprise value of approximately Rs 1,670 crore, expanding its presence in automotive interior and lighting solutions.

Other key developments include positive medium to long-term prospects for Seamec and Lloyds Engineering due to new pacts in offshore vessel charter and radar technology development, respectively. RailTel Corp and Zen Tech have received work orders and supply orders worth Rs 63.9 crore and Rs 120 crore, respectively, from government entities, while Diamond Power secured a Rs 748 crore order from Adani Green for cable supply. Deepak Nitrite's arm commenced operations at a new Nitric acid plant, a neutral short-term development. Excelsoft Tech's partnership with AQA for AI R&D is viewed positively for the medium to long term.

The report also details the subscription status of ongoing IPOs for Meesho, Aequs, and Vidya Wires, with Aequs showing strong subscription figures. Promoters made significant purchases in TGV Sraac, Greenply Industries, Aarti Pharmalabs, Usha Martin, and Maharashtra Seamless. Numerous stocks experienced price band revisions from 10% to 20% or 5% to 10%. Important corporate actions like ex-demerger dates, ex-rights issues, and shares exiting anchor lock-in periods are listed. Fund flow data for December 4th shows net inflows from DIIs (Rs +3,661.1 crore) and net outflows from FIIs (Rs -1,994.2 crore).

Shriram Pistons & Rings Limited (SPRL) has announced a significant strategic acquisition through a Share Purchase Agreement with Grupo Antolin Irausa, S.A.U. and Grupo Antolin Ingenieria, S.A.U. The company will directly and indirectly acquire all outstanding shares of Antolin Lighting India Private Limited (T1), Grupo Antolin India Private Limited (T2), and its subsidiary, Grupo Antolin Chakan Private Limited (T3). This Proposed Transaction has an aggregate Enterprise Value of Euro 159 Million (approximately INR 16,700 Mn), payable in cash.

The acquired entities are leading providers of automotive interior solutions, manufacturing products such as headliner substrates, modular headliners, sunvisors, door panels, centre floor consoles, pillar trim, front-end carriers, overhead consoles, dome lamps, ambient lighting, touch panels, and capacitive pads. The revenue for FY 2024-25 for these entities were INR 1,237 Mn (T1), INR 7,159 Mn (T2), and INR 3,395 Mn (T3).

SPRL's strategic objective behind this acquisition is to enhance its capabilities, expand its presence in the automotive components industry, and diversify into product areas independent of powertrain technologies (ICE-agnostic). This move is expected to strengthen its market position and create long-term value for stakeholders. Additionally, SPRL will enter into a Technology Licensing Agreement with Grupo Antolin to ensure continuous access to advanced technologies and support for new product development. The transaction is subject to fulfillment of closing conditions and is expected to be completed by January 2, 2026. This acquisition does not fall within related party transactions, and no promoter, promoter group, or group companies have any interest in the entities being acquired. The disclosure is made in compliance with SEBI Listing Regulations.

Shriram Pistons & Rings Limited announced its Q2 and H1 FY26 financial results, showcasing resilience and growth amidst challenging market conditions. Consolidated revenue for Q2 FY26 increased by 15.0% year-on-year to ₹10,427 million, with consolidated Profit After Tax (PAT) rising by 12.9% year-on-year to ₹1,421 million. Standalone revenue grew 5.24% year-on-year to ₹8,356 million, with PAT up 7.46% year-on-year to ₹1,339 million.

For the half-year ended September 30, 2025 (H1 FY26), consolidated total income grew by 15% year-on-year to ₹20,344 million, and consolidated EBITDA increased by 14% year-on-year to ₹4,570 million. The company maintained a consolidated EBITDA margin of 22.4% and a PAT margin of 13.6% in Q2 FY26.

Management highlighted continued outperformance of industry growth drivers, including strategic investments in EV motors and controllers, with commercial production at the Coimbatore plant expected in the current quarter. Expansion at the SEL Pithampur facility is also underway. Key growth strategies include diversification across industry segments, products, and customers; driving innovation through R&D; and accelerating growth via strategic acquisitions such as SPR Takahata and Karna Intertech, aimed at expanding into ICE-agnostic products.

The company remains net-debt free, reinforcing a strong balance sheet. While facing challenging automotive market conditions, SPRL is focused on process efficiencies, automation, and leveraging its global network. The outlook for H2 FY26 is optimistic, with expectations of steady growth across vehicle segments and continued industry outperformance.

Key events include the board meeting on November 4, 2025, to approve results, followed by the earnings conference call on November 7, 2025. The transcript of this call was released on November 12, 2025.

The news pertains to Shriram Pistons & Rings Limited's compliance with SEBI regulations regarding physical share transfers. The company has submitted an intimation to the National Stock Exchange of India and BSE Limited, referencing a report dated November 11, 2025, received from its Registrar and Share Transfer Agent (RTA), Alankit Assignments Limited. This report details the status of re-lodgement of transfer requests for physical shares for the period spanning October 7, 2025, to November 6, 2025.

This action is in direct response to SEBI Circular No. SEBI/HO/MIRSD/MIRSD-PoD/P/CIR/2025/97, dated July 2, 2025, which introduced a special window for re-lodging such requests.

Shriram Pistons & Rings Limited has also confirmed that it has taken all necessary steps to comply with the circular's directives. This includes prominently displaying the contents of the SEBI circular on the company's official website and publishing the information in widely circulated newspapers. These measures are intended to ensure that all relevant stakeholders, particularly shareholders dealing with physical shares, are duly informed about the process and deadlines for re-lodging transfer requests.

The news does not contain any financial performance data, outlook, guidance, or specific orders/penalties. It is purely a procedural compliance update.

Shriram Pistons & Rings Limited has officially notified the National Stock Exchange of India Limited and BSE Limited regarding the availability of the audio recording for its Earnings Conference Call. This call took place on Friday, November 7, 2025. This proactive measure is in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has provided a direct web link to access the audio recording on its official website: https://shrirampistons.com/wp-content/uploads/2025/11/SPRL_Q2FY26_EarningsCallAudio-1.mp3. Shriram Pistons & Rings Limited has further clarified that the discussions during the earnings call were based on publicly available documents and that no Unpublished Price Sensitive Information (UPSI) was shared. This commitment ensures transparency and adherence to strict disclosure norms for all listed entities. The release of this recording allows stakeholders, including investors, analysts, and the public, to independently review management's commentary on the company's financial results, operational performance, and strategic outlook. This event underscores the company's dedication to open communication and regulatory compliance, enabling stakeholders to make well-informed decisions based on comprehensive insights into the company's business and future prospects.

Shriram Pistons & Rings Limited has formally re-submitted its Un-Audited Financial Results for the quarter and half year ended September 30, 2025, to the National Stock Exchange of India Limited and BSE Limited. This re-submission follows an earlier publication on November 5, 2025, where an inadvertent vendor error caused the results in The Financial Express to be printed in Hindi instead of English. The corrected English version has now been re-published in the November 6, 2025 edition of The Financial Express. The company confirms this action as a compliance requirement under SEBI Listing Regulations.

Shriram Pistons & Rings Limited has announced the approval of its un-audited standalone and consolidated financial results for the quarter and half-year ending September 30, 2025. The results were published on November 5, 2025, but an error by the vendor led to the wrong language being used in The Financial Express. The company will re-publish the correct English version on November 6, 2025. The results are also available on the company's website.

Shriram Pistons & Rings Limited announced its un-audited financial results for the quarter and half-year ended September 30, 2025. On a consolidated basis, revenue from operations for Q3 FY25 stood at ₹10,165 million, marking a significant 16.00% year-on-year increase from ₹8,765 million in Q3 FY24. Consolidated Profit After Tax (PAT) attributable to owners grew by 12.10% YoY to ₹1,399 million from ₹1,248 million, with PAT margins at 13.76% for the quarter. For the half-year ended September 30, 2025, consolidated revenue increased by 15.53% YoY to ₹19,798 million, and PAT grew by 13.91% YoY to ₹2,736 million. Standalone revenue for Q3 FY25 was ₹8,356 million, a 5.24% YoY increase from ₹7,940 million, with PAT rising 7.46% YoY to ₹1,339 million and standalone PAT margins at 16.02%. For H1 FY25, standalone revenue rose 9.86% YoY to ₹17,086 million and PAT grew 10.38% YoY to ₹2,637 million. Key financial movements included a standalone investment of ₹500 million in SPR Engenious Limited. The consolidated results were influenced by prior acquisitions of SPR TGPEL Precision Engineering Limited and Karna Intertech Private Limited, impacting period-on-period comparability. Cash flow analysis indicates significant capital expenditure and investments in subsidiaries for the consolidated entity, with H1 FY25 consolidated cash flow from operations at ₹2,736 million against capital expenditure of ₹9,959 million, leading to negative free cash flow.

Shriram Pistons & Rings Limited (SPRL) has announced its un-audited financial results for the second quarter (Q2) and the first half (H1) of the fiscal year 2025-26 (FY26), ending September 30, 2025. The company demonstrated strong year-over-year (YoY) growth across key financial metrics.

Consolidated Performance:
For Q2 FY26, SPRL reported a Consolidated Total Income of "10427 Million", marking a significant YoY increase of "15.0%" compared to "9069 Million" in Q2 FY25. Consolidated EBITDA stood at "2335 Million", up "12.1%" YoY, with an EBITDA margin of "22.4%" (down from "23.0%" in Q2 FY25). Consolidated Profit After Tax (PAT) grew by "12.9%" YoY to "1421 Million", maintaining a PAT margin of "13.6%" (vs "13.9%" in Q2 FY25).

For H1 FY26, Consolidated Total Income reached "20344 Million", an increase of "14.9%" YoY from "17703 Million" in H1 FY25. Consolidated EBITDA grew by "14.2%" YoY to "4570 Million" (EBITDA margin of "22.5%" vs "22.6%" in H1 FY25). Consolidated PAT rose by "14.0%" YoY to "2770 Million", with a PAT margin of "13.6%" (vs "13.7%" in H1 FY25).

Standalone Performance:
On a standalone basis, Total Income for Q2 FY26 was "8979 Million" (up "9.1%" YoY), and for H1 FY26 it was "17601 Million" (up "9.4%" YoY). Standalone EBITDA grew "6.2%" YoY to "2080 Million" in Q2 FY26 and "9.0%" YoY to "4104 Million" in H1 FY26. Standalone PAT increased "7.4%" YoY to "1339 Million" in Q2 FY26 and "10.4%" YoY to "2637 Million" in H1 FY26.

Management Commentary & Outlook:
Mr. Krishnakumar Srinivasan, MD & CEO, highlighted the company's resilience and strong performance despite challenging domestic market conditions, geopolitical situations, and muted PV volumes. Growth was attributed to strong festive demand, the positive impact of GST rate reductions, and robust performance from the EV and high-precision injection moulded components businesses. The company's global presence in over 45 countries helps mitigate regional demand softness. SPRL remains committed to outperforming industry growth through process efficiency, automation, cost discipline, innovation, and diversification, aiming to generate long-term stakeholder value. The company expects resolution of tariff uncertainties and a good traction from export markets.

Key Information:
This news release pertains to the unaudited financial results for the quarter and half-year ended September 30, 2025. Details regarding analyst consensus EPS, balance sheet items, cash flow, debt, ROE/ROCE, dividends, buybacks, specific orders, or penalties were not included in this release. An earnings conference call is scheduled for November 7, 2025.

Shriram Pistons & Rings Limited (SPRL) has released its investor presentation for the Quarter and Half Year ended September 30, 2025 (Q2 & H1 FY26), providing insights into its financial performance and strategic roadmap.

**Financial Performance (Q2 & H1 FY26):

• Consolidated Results:

  • H1 FY26: Total Income increased by 14.9% YoY to Rs. 20,344 million. EBITDA grew by 14.2% YoY to Rs. 4,570 million, with margins at 22.5%. PAT rose by 14.0% YoY to Rs. 2,770 million.
  • Q2 FY26: Total Income grew by 15.0% YoY to Rs. 10,427 million. EBITDA increased by 12.1% YoY to Rs. 2,335 million, with margins at 22.4%. PAT rose by 12.9% YoY to Rs. 1,421 million.

• Standalone Results:

  • H1 FY26: Total Income increased by 9.4% YoY to Rs. 17,601 million. EBITDA grew by 9.0% YoY to Rs. 4,104 million, with margins at 23.3%. PAT rose by 10.4% YoY to Rs. 2,637 million.
  • Q2 FY26: Total Income grew by 9.1% YoY to Rs. 8,979 million. EBITDA increased by 6.2% YoY to Rs. 2,080 million, with margins at 23.2%. PAT rose by 7.4% YoY to Rs. 1,339 million.

Financial Deep Dive:

• Income Statement: Annual financials up to FY25 show consistent revenue and PAT growth. Standalone EBITDA margins have significantly improved from 14.5% in FY21 to 23.7% in FY25.
• Balance Sheet (as of Sep-25, Standalone): Total Assets Rs. 36,412 million, Total Equity Rs. 26,472 million. The company maintains a net-debt-free status with substantial cash and bank balances (Rs. 8,934 million) and liquid investments (Rs. 1,617 million) significantly outweighing total borrowings (Rs. 3,687 million).
• Cash Flow (H1 FY26, Standalone): Net Cash from Operating Activities was Rs. 2,577 million. Investing activities saw outflows of Rs. 3,082 million, primarily for capital expenditure.
• Key Ratios (FY25, Standalone): Debt-to-Equity Ratio was low at 0.15. Interest Coverage Ratio stood at a strong 65x. ROE was 20.7% and ROCE was 27.0%.

Strategic Initiatives and Outlook:

The company emphasizes its diversified business model spanning automotive and non-automotive segments, supported by a global network and advanced manufacturing capabilities. Strategic pillars include building a robust business through diversification (across industry segments, products, and customers), driving innovation via R&D, accelerating growth through strategic acquisitions, and committing to efficiency and operational excellence.

Key Events:

The presentation highlighted several strategic acquisitions: SPR Takahata Precision India Pvt. Ltd. (Oct 2023), SPR TGPEL Precision Engineering Ltd. (Dec 2024), SPR EMF Innovations Pvt. Ltd. (stake increase Jan 2023), and Karna Intertech Pvt. Ltd. (Apr 2025). These moves are aimed at diversification into ICE-agnostic products and backward integration. The company is focused on future mobility solutions, including EV components, alongside continued growth in ICE engines.

The outlook suggests continued outperformance against the industry, leveraging its diversified presence and strategic initiatives.

Shriram Pistons & Rings Limited announced its un-audited financial results for the quarter and half-year ended September 30, 2025. The company reported positive year-on-year growth across key financial metrics.

Standalone Performance (Q2 FY26 vs Q2 FY25):
Revenue from operations increased by 5.24% to ₹8,356 million from ₹7,940 million. Profit Before Tax (PBT) grew by 7.47% to ₹1,798 million from ₹1,673 million. Profit After Tax (PAT) saw a growth of 7.46% to ₹1,339 million from ₹1,246 million. Basic and Diluted Earnings Per Share (EPS) stood at ₹30.40, up from ₹29.46, a growth of 3.19%.

Consolidated Performance (Q2 FY26 vs Q2 FY25):
Consolidated revenue from operations surged by 16.00% to ₹10,165 million from ₹8,765 million. Consolidated PBT increased by 14.59% to ₹1,924 million from ₹1,679 million. Consolidated PAT rose by 12.87% to ₹1,421 million from ₹1,259 million. Basic and Diluted EPS were ₹31.76, up from ₹30.35, a growth of 4.61%.

Half-Year Performance (H1 FY26 vs H1 FY25):
On a standalone basis, revenue grew 9.86% to ₹17,086 million, and PAT increased by 10.30% to ₹2,637 million. Standalone EPS was ₹59.87, up from ₹54.25. Consolidated revenue increased by 15.54% to ₹19,798 million, and PAT grew by 13.99% to ₹2,770 million. Consolidated EPS was ₹62.11, up from ₹54.53.

Financial Deep Dive:
The company's Balance Sheet shows total assets of ₹36,412 million as of September 30, 2025, compared to ₹33,872 million as of March 31, 2025, on a standalone basis. Consolidated total assets stood at ₹40,293 million, up from ₹37,289 million. On the consolidated front, total borrowings (non-current and current) decreased to ₹2,194 million from ₹2,341 million.

Cash flow from operating activities showed a significant increase, reaching ₹2,578 million for H1 FY26 standalone, up from ₹1,717 million in H1 FY25. Consolidated operating cash flow was ₹2,736 million, up from ₹1,718 million.

Key Events:
During the quarter, the company invested ₹500 million in SPR Engenious Limited, its wholly-owned subsidiary. This subsidiary then infused ₹500 million into SPR EMF Innovations Private Limited, a step-down subsidiary, increasing its ownership stake.

Shriram Pistons & Rings Limited has formally announced its upcoming Earnings Conference Call, scheduled for Friday, November 7, 2025, at 4:00 PM Indian Standard Time (IST). This virtual event is designed to discuss the company's financial results and performance for the second quarter (Q2) and the first half (H1) of the fiscal year 2026 (FY26).

The call will feature presentations and discussions led by the senior management team, including Mr. Krishnakumar Srinivasan, the Managing Director & Chief Executive Officer; Mr. Prem Rathi, the Executive Director & Chief Financial Officer; and Mr. Pankaj Gupta, the Dy. Executive Director, Head Legal & Company Secretary. This gathering serves as a key platform for analysts and investors to understand the company's financial health, operational achievements, and strategic trajectory.

Participants will have the opportunity to gain detailed insights into the Q2 and H1 FY26 financial performance, potentially covering revenue trends, profitability metrics, margins, and earnings per share, though specific figures are not yet disclosed. The management is expected to provide commentary on the key business drivers, market conditions, any significant corporate developments, and the company's outlook for the upcoming periods. Risks and opportunities are also likely discussion points.

The conference call will be conducted virtually, with attendees able to join via an online audio conference. Registration details, a joining link, and various international dial-in numbers (including for the UK, USA, Singapore, and Hong Kong) are provided for convenience. This event is part of Shriram Pistons & Rings Limited's commitment to transparent corporate communication and investor relations following the release of its financial results.

Shriram Pistons & Rings Limited has issued an official intimation to the National Stock Exchange of India Limited and BSE Limited regarding a Board Meeting. The meeting is scheduled to be held on Tuesday, November 4, 2025. The primary purpose of this board meeting is to consider and approve the Un-Audited financial results of the company for the quarter and half-year ended September 30, 2025. This approval will cover both standalone and consolidated financial statements. In accordance with SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's internal Code of Conduct for Prevention of Insider Trading, the trading window for dealing in the company's securities has been closed. This closure commenced on Wednesday, October 1, 2025, and will persist for 48 hours after the aforementioned financial results are communicated to the stock exchanges. The company has also made this intimation available on its official website at https://shrirampistons.com. This announcement serves as a regulatory requirement and does not contain any financial performance data or future guidance.

Shriram Pistons & Rings Limited has submitted a mandatory regulatory compliance filing to the stock exchanges, enclosing a certificate from its Registrar and Share Transfer Agent, Alankit Assignments Limited. This certificate is in accordance with Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018, and pertains to the quarter ended September 30, 2025.

The core of the filing is the confirmation that physical share certificates received by the company for dematerialization have been processed. Alankit Assignments Limited has verified these certificates, subsequently mutilated and cancelled them. Following this process, the name of the depository has been substituted in the company's records as the registered owner of these securities. This process is crucial for the smooth functioning of the dematerialized securities market, ensuring that physical shares are correctly converted into electronic form and that ownership records are updated accurately with the depositories. This is a routine compliance requirement and does not indicate any specific financial performance, outlook, or operational change for the company.

Shriram Pistons & Rings Limited has filed a regulatory update with the National Stock Exchange (NSE) and BSE Limited on October 8, 2025. The filing, titled 'Intimation regarding report received from Registrar and Share Transfer Agent on Re-lodgement of Transfer Requests of physical Shares,' details the company's compliance with SEBI regulations concerning physical share transfers. The company has submitted a report dated October 8, 2025, received from its Registrar and Share Transfer Agent, Alankit Assignments Limited. This report covers the status of re-lodgement of transfer requests for physical shares for the period from September 7, 2025, to October 6, 2025. This action is in line with SEBI Circular No. SEBI/HO/MIRSD/MIRSD-PoD/P/CIR/2025/97 dated July 2, 2025. The update is purely for informational and record purposes, signifying routine administrative procedures and compliance. There is no new financial information, performance update, strategic outlook, or significant operational event disclosed in this communication. Consequently, this filing has minimal direct impact on investment decisions, reflecting standard corporate governance practices rather than business performance or future prospects.

Shriram Pistons & Rings Limited has issued a formal intimation regarding the closure of its trading window for dealing in securities. This action is mandated by the SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's own Code of Conduct for Prevention of Insider Trading. The trading window will be closed effective from Wednesday, October 1, 2025. It will remain shut until a period of 48 hours after the company's Board of Directors announces the Un-audited Financial Results for the quarter and half-year ending September 30, 2025. This is a standard regulatory procedure to ensure fair trading practices and prevent the misuse of unpublished price-sensitive information by company insiders. The company has also published this notice on its official website, www.shrirampistons.com, and submitted it to the National Stock Exchange (NSE) and BSE Limited. This announcement does not contain any financial performance figures, future guidance, or specific business updates.

Shriram Pistons & Rings Limited has submitted an intimation to the stock exchanges (NSE and BSE) on September 25, 2025, regarding the status of re-lodgement of transfer requests for physical shares. This filing is in compliance with SEBI Circular No. SEBI/HO/MIRSD/MIRSD-PoD/P/CIR/2025/97, dated July 2, 2025. The company enclosed reports dated September 23, 2025, received from its Registrar and Share Transfer Agent, Alankit Assignments Limited. These reports cover the status of re-lodgement of transfer requests for physical shares for the period commencing from July 7, 2025, to September 6, 2025. Shriram Pistons & Rings Limited has also ensured public dissemination of this information by publishing requisite notices in the Financial Express (English) on August 22, 2025, and in Jansatta (Hindi) on September 25, 2025, as well as on its official website. This is a procedural regulatory update with no direct impact on the company's financial performance, outlook, or operational metrics.

Shriram Pistons & Rings Limited announced on September 25, 2025, that it has published newspaper advertisements in 'The Financial Express' (English) and 'Jansatta' (Hindi). These advertisements, published as per Regulation 47 of SEBI Listing Regulations, 2015, cover two key initiatives:

1. Special Window for Re-lodgement of Transfer Requests of Physical Shares: This indicates a period where shareholders can re-lodge transfer requests for physical shares.
2. Special Drive for Updation of KYC & Other Related Updations: This is a campaign, termed "100-Days Campaign - Saksham Niveshak", aimed at encouraging shareholders to update their Know Your Customer (KYC) details and other relevant information. The primary goal is to prevent unpaid or unclaimed dividends from being transferred to the Investor Education and Protection Fund Authority (IEPFA).

The company has uploaded this intimation on its website, https://shrirampistons.com.

Shriram Pistons & Rings Limited (SPRL) has officially informed the National Stock Exchange (NSE) and BSE about a change in shareholding within its group structure. The company's wholly-owned subsidiary, SPR Engenious Limited (SEL), has increased its equity stake in its own subsidiary, SPR EMF Innovations Private Limited (SPR EMFI).

Previously, SEL had acquired a 51% stake in SPR EMFI, as intimated in December 2022. This stake was subsequently increased to 66.42% as per an intimation dated March 2, 2024.

In the latest update filed on September 11, 2025, SPRL announced that following the further issue and allotment of equity shares to SEL, the latter now holds 1,55,71,507 equity shares in SPR EMFI, representing a 72.58% ownership.

This news exclusively pertains to the stakeholding update and does not contain any information regarding SPRL's financial performance (quarterly or annual results), earnings per share (EPS), margins, management guidance, outlook, balance sheet details, cash flow statements, or key financial ratios. There were no mentions of new orders, penalties, product launches, expansions, or regulatory updates.

Shriram Pistons & Rings Limited has published newspaper advertisements as per SEBI Listing Regulations on August 22, 2025. The publications cover a special window for re-lodging physical share transfer requests and a special drive for updating Know Your Customer (KYC) details. This initiative, part of the '100-Days Campaign - Saksham Niveshak', aims to prevent unpaid/unclaimed dividends from being transferred to the Investor Education and Protection Fund Authority (IEPFA). The company also uploaded this intimation on its website.

Shriram Pistons & Rings Limited (NSE: SHRIPISTON, BSE: 544344) has announced that its Key Managerial Personnel (KMPs) will participate in the 'Emkay Confluence 2025 Conference', organized by Emkay Global. The event is scheduled to take place in Mumbai on Wednesday, August 13, 2025, and will feature one-to-one and group meetings with analysts and institutional investors. This engagement serves as a key opportunity for the company's management to interact with the financial community, discuss recent business performance, provide insights into future strategies, growth drivers, and address market queries. While no specific financial results or guidance updates are part of this announcement, such investor conferences are crucial for management to articulate the company's vision and operational progress. The conference will be held throughout the day, from 9:00 AM to 5:00 PM IST. This disclosure is made in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring timely information dissemination to stakeholders.

Shriram Pistons & Rings Limited reported a strong performance for Q1 FY26 during its earnings conference call on August 04, 2025. The company announced a consolidated total income growth of 14.9% year-on-year, reaching ₹9,917 million. EBITDA saw a significant increase of 16.5% YoY to ₹2,234 million, with EBITDA margins expanding to 22.5%. Consolidated PAT grew by 15.1% YoY to ₹1,348 million, maintaining PAT margins at 13.6%.

Management highlighted that the company has outgrown the end markets by a wide margin, with standalone revenue growing 9.8% against an approximate 1% industry production volume growth. This outperformance is attributed to strategic diversification into newer segments such as marine engines, defence applications, and railway engines, alongside a resilient business model and strong customer relationships. The company's diversified presence across various automotive segments (PV, CV, 2W, tractors) and non-automotive applications provides resilience, especially given the challenges in the auto industry, particularly the two-wheeler segment.

Exports, which constitute around 18-20% of sales, continue to be a growth driver. The company is well-positioned globally, with presence in over 45 countries, helping to mitigate geopolitical risks and tariff impacts. Efforts are underway to develop components for alternative fuel solutions (CNG, LNG, hybrid, hydrogen) and EV motors and controllers.

The company is on track to start operations at its new EV motor and controller plant in Coimbatore by the end of September 2025, which will scale up production for these new-age products. Management expressed confidence in continuing to outgrow the market and aims to make SPR a multi-product franchise through innovation, technology adoption, and potential strategic partnerships or M&A activities. The company also noted its ability to manage commodity price fluctuations through contract adjustments, ensuring margin stability.

Shriram Pistons & Rings Limited has submitted the voting results from its 61st Annual General Meeting (AGM) held on August 1, 2025, through video conference. The company confirmed the overwhelming approval of all eight resolutions put forth to shareholders. Key resolutions passed include the adoption of the audited standalone and consolidated financial statements for the financial year ended March 31, 2025, the declaration of dividend on equity shares, and the re-appointment of directors Mr. Klaus Semke and Ms. Meenakshi Dass. Additionally, shareholders approved the appointment of Mr. Akihiro Ozaki as a Non-Executive Independent Director and the remuneration of cost and secretarial auditors. Notably, for resolutions where the promoter group had an interest (re-appointment of Ms. Meenakshi Dass and payment of profit commission to Non-Executive Directors), their votes were considered invalid and thus not included in the 'votes polled' calculation, yet the resolutions passed with significant majority from other shareholders. This disclosure pertains to corporate governance and shareholder approval processes; it does not contain specific financial performance data, future guidance, or operational updates beyond the AGM proceedings.

Shriram Pistons & Rings Limited has filed a notice regarding the availability of the audio recording of its Earnings Conference Call, which took place on Monday, August 4, 2025. This action is in compliance with Regulation 30 of the SEBI Listing Regulations. The company has provided a direct web link on its official website where investors and stakeholders can access the complete audio recording of the call. The company has also clarified that no Unpublished Price Sensitive Information was shared during the discussion, relying solely on publicly available documents. This announcement follows earlier intimations regarding the schedule, investor presentation, and press release for the earnings call.

• Detailed news: Shriram Pistons & Rings Limited announced the outcome of its 61st Annual General Meeting (AGM) held on August 1, 2025, through Video Conference (VC)/ Other Audio-Visual Means (OAVM). The company submitted the consolidated scrutinizer's report regarding the voting results.
• Quarterly/Annual Results: The shareholders approved the Audited Financial Statements (Standalone and Consolidated) for the financial year ended March 31, 2025, along with the Board's Report and Auditors' Report. This report does not provide specific financial performance metrics like revenue, profit, or EPS.
• Guidance & Concall commentary: No management guidance or concall commentary is part of this announcement.
• Financials: Income, Balance Sheet, Cash Flow, Ratios: No financial statement details are included in this report.
• Key events: All 8 resolutions placed before the members at the 61st AGM were passed with the requisite majority. Key resolutions included:
  • Adoption of financial statements for FY 2024-25.
  • Declaration of dividend on equity shares.
  • Re-appointment of directors Mr. Klaus Semke and Ms. Meenakshi Dass, who retired by rotation.
  • Appointment of Mr. Akihiro Ozaki as a Non-Executive Independent Director.
  • Approval of remuneration for Cost Auditors for FY 2025-26.
  • Appointment of Secretarial Auditors for a five-year period.
  • Approval of payment of profit commission to Non-Executive Directors.
• Use consolidated figures if present: The adoption of financial statements specifically mentioned both standalone and consolidated figures.
• Outlook: No future outlook or business prospects are discussed in this report.

Shriram Pistons & Rings Limited has fulfilled its regulatory obligation by publishing its un-audited financial results for the quarter ended June 30, 2025. The Board of Directors had approved these results on August 1, 2025. This announcement serves as a notification that the financial results were published in The Financial Express (English) and Jansatta (Hindi) on August 2, 2025, in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. A Quick Response (QR) Code is included in the publication for easy access to the financial data, which is also uploaded on the company's official website (www.shrirampistons.com). The specific financial performance figures, such as revenue, profit, margins, or EPS for the quarter, are not detailed in this particular filing, as it focuses solely on the procedural aspect of results dissemination.

Shriram Pistons & Rings Limited convened its 61st Annual General Meeting (AGM) on August 1, 2025, via Video Conferencing (VC/OAVM) in adherence to SEBI and MCA regulations. The meeting, presided over by Chairman Mr. Pradeep Dinodia, confirmed the presence of the requisite quorum and key management personnel including the CFO and Company Secretary. The agenda included the adoption of the audited standalone and consolidated financial statements for the financial year ended March 31, 2025, with a confirmation that the Statutory Auditors' Report contained no qualifications. Shareholders participated through remote e-voting and e-voting during the meeting. Key resolutions approved were the declaration of dividends on equity shares, the re-appointment of directors Mr. Klaus Semke and Ms. Meenakshi Dass who retired by rotation, and the appointment of Mr. Akihiro Ozaki as a Non-Executive Independent Director. Additionally, the AGM approved the remuneration of Cost Auditors for FY2025-26, the appointment of Secretarial Auditors for a five-year term, and the payment of profit commission to Non-Executive Directors. Voting results will be disseminated to the stock exchanges and published on the company's website. The AGM commenced at 4:00 PM and concluded at 5:45 PM.

Shriram Pistons & Rings Limited (SPRL) commenced the fiscal year 2026 with a robust financial performance in the first quarter ended June 30, 2025. On a consolidated basis, the company reported a Total Income of Rs. 9,917 Million, marking a significant 14.9% year-on-year (YoY) growth from Rs. 8,634 Million in Q1FY25. EBITDA also saw a healthy increase of 16.5% YoY, reaching Rs. 2,234 Million, with the EBITDA margin improving to 22.5% in Q1FY26 from 22.2% in Q1FY25. Profit After Tax (PAT) grew by 15.1% YoY to Rs. 1,348 Million, with the PAT margin remaining stable at 13.6%. Standalone financial highlights revealed a Total Income of Rs. 8,622 Million, an increase of 9.8% YoY from Rs. 7,855 Million in Q1FY25. Standalone EBITDA grew by 12.0% YoY to Rs. 2,024 Million, with EBITDA margin improving to 23.5% from 23.0% YoY. Standalone PAT reported a strong growth of 13.5% YoY to Rs. 1,298 Million, and PAT margin improved to 15.1%. Management commentary, led by MD & CEO Krishnakumar Srinivasan, emphasized the company's double-digit growth rate and consistent outperformance despite a challenging auto industry environment. The two-wheeler segment experienced a 6% sales volume decline, but SPRL benefited from growth in exports across all segments. Key growth drivers identified include the high-precision injection moulding business and electric motors and controllers business, along with emerging synergies between SPR Takahata and SPR TGPEL. The company reiterated its strategic focus on efficiency, operational excellence, innovation, and significant investment in technology and R&D for future mobility solutions. The note also mentions that FY24 and FY25 financials incorporate acquisitions made by the company. The company is strategically positioned to capture growth in EV mobility solutions and high-precision plastic injection moulding, supported by its R&D capabilities and global collaborations.

Shriram Pistons & Rings (SPRL) presented its Q1FY26 investor update, showcasing a strong performance. On a consolidated basis, Total Income grew by 14.9% YoY to Rs. 9,917 Mn, with EBITDA rising 16.5% YoY to Rs. 2,234 Mn, maintaining a healthy EBITDA margin of 22.5%. Consolidated PAT increased by 15.1% YoY to Rs. 1,348 Mn. Standalone performance also reflected growth, with Total Income up 9.8% YoY to Rs. 8,622 Mn and EBITDA up 12.0% YoY to Rs. 2,024 Mn, with a standalone EBITDA margin of 23.5%.

For the full year FY25, standalone Total Income reached Rs. 32,827 Mn (up 8.2% YoY), and EBITDA grew 9.6% YoY to Rs. 7,793 Mn, with margins improving to 23.7%. PAT stood at Rs. 4,978 Mn, an 11.4% YoY increase. The company highlighted its net-debt-free status and a robust interest coverage ratio of 65x for FY25.

Strategically, SPRL is focusing on diversification into ICE-agnostic products, including EV components (motors and controllers) and high-precision injection moulded parts, through key acquisitions like SPR Takahata, SPR TGPEL, SPR EMFi, and Karna Intertech. This strategy aims to de-risk its business model and capitalize on evolving market dynamics. The company underscored its commitment to technological advancement, R&D, and operational excellence, while acknowledging the continued importance of Internal Combustion Engines (ICE) alongside the growth of the EV sector.

Shriram Pistons & Rings Limited (SPRL) has officially notified the National Stock Exchange of India Limited and BSE Limited regarding amendments made to its Code of Practices & Procedures for Fair Disclosure of Unpublished Price Sensitive Information (UPSI). This update is in direct compliance with Regulation 8(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015, incorporating recent regulatory changes. The company confirms that the amended code has been uploaded to its official website, www.shrirampistons.com, and submitted to the exchanges. The document details various aspects of UPSI management, including definitions, legitimate purposes for sharing such information (e.g., with collaborators, lenders, advisors), and the designation of Mr. Pankaj Gupta, Company Secretary, as the Chief Investor Relations Officer responsible for information dissemination. It outlines procedures for uniform and universal dissemination of price-sensitive information via stock exchanges and the company website, addressing responses to regulatory queries and market rumors, and providing guidelines for interactions with analysts and institutional investors, emphasizing simultaneous public disclosure. The code stresses handling UPSI on a "need to know" basis and maintaining strict controls over information sharing to prevent selective disclosure or evasion of regulations.

Shriram Pistons & Rings Limited (SPR) announced its unaudited financial results for the quarter ended June 30, 2025 (Q1 FY26) on August 1, 2025. The Board of Directors approved both standalone and consolidated financial statements.

Standalone Performance:

• Revenue from operations: ₹8,356 million (Q1 FY26) vs ₹7,612 million (Q1 FY25). YoY growth: 9.78%.
• Profit Before Tax (PBT): ₹1,743 million (Q1 FY26) vs ₹1,535 million (Q1 FY25). YoY growth: 13.55%.
• Profit After Tax (PAT): ₹1,298 million (Q1 FY26) vs ₹1,144 million (Q1 FY25). YoY growth: 13.46%.
• Earnings Per Share (EPS): ₹29.46 (Q1 FY26) vs ₹25.95 (Q1 FY25). YoY growth: 13.53%.

Consolidated Performance:

• Revenue from operations: ₹9,633 million (Q1 FY26) vs ₹8,371 million (Q1 FY25). YoY growth: 15.07%.
• Profit Before Tax (PBT): ₹1,810 million (Q1 FY26) vs ₹1,536 million (Q1 FY25). YoY growth: 17.84%.
• Profit After Tax (PAT): ₹1,349 million (Q1 FY26) vs ₹1,169 million (Q1 FY25). YoY growth: 15.39%.

Key Events:
The company completed the acquisition of 100% equity stake in Kama Intertech Private Limited on April 1, 2025, for ₹50 million. Note 4 highlights that the acquisitions of SPR TGPEL Precision Engineering Limited (December 24, 2024) and Kama Intertech Private Limited (April 1, 2025) affect the comparability of Q1 FY26 results with the corresponding prior year period.

Guidance & Outlook:
No management guidance or outlook was provided in this announcement.

Financials:
Income statement figures for revenue, PBT, PAT, and EPS are available. Balance sheet, cash flow, and ratio data are not included in this snippet.