Saripalli Kishore, Promoter of Samkrg Pistons & Rings Ltd , transferred 3.09% of the company’s equity stake to his son, Saripalli Monish, through an inter-se transfer.

The transaction involved 303,531 equity shares carrying voting rights and was executed on September 1, 2026. The disclosure was filed with the Bombay Stock Exchange (BSE) on September 2, 2026.

Transaction Details

As part of the transfer, Mr. Kishore’s holding in the company decreased from 30.04% (2,950,686 shares) to 26.95% (2,647,155 shares). Mr. Monish, who held no prior stake, now holds 3.09% of the company.

The total equity share capital of Samkrg Pistons remained unchanged at 9,820,500 shares. The transaction falls under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Regulatory Compliance

The disclosure was made in compliance with Regulation 6(2) read with Regulation 7(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015. The filing confirms that there were no encumbrances, pledges, or convertible securities associated with the transferred shares. The total diluted share capital remains at 9,820,500 shares.

Samkrg Pistons & Rings reported a 17% year-on-year increase in net revenue from operations to ₹28,566.4 crore for FY26, driven by robust demand in domestic OEM and replacement markets alongside export expansion. Net profit after tax (PAT) surged 65% to ₹974.8 crore from ₹590.3 crore in the previous year.

The company’s 40th Annual General Meeting (AGM) will be held on Tuesday, September 22, 2026, at 11:00 am via Video Conferencing or Other Audio-Visual Means (VC/OAVM). The Board has proposed a final dividend of ₹0.50 per equity share (face value ₹10), representing a 5% payout ratio. Shareholders on record as of September 15, 2026, are eligible for the dividend and voting rights.

Financial Performance Highlights

Gross revenue rose 14.4% to ₹35,008.9 crore. Operating profit before interest, depreciation, and tax (PBDIT) expanded to ₹3,879.1 crore from ₹3,152.3 crore. Interest costs increased to ₹1,007.8 crore from ₹617.9 crore, reflecting higher borrowings to fund capital expansion.

What the Numbers Show

The divergence between gross and net revenue growth highlights increased sales incentives. While gross sales grew 14.4%, net revenue grew 17.1%, indicating that incentives as a percentage of sales decreased or were managed effectively relative to volume growth. The 65% surge in PAT outpaced the 31.8% rise in PBT, primarily due to a lower effective tax rate impact from deferred tax adjustments and stable other income contributions of ₹289.3 crore.

Operational Updates & Strategy

The company continues to strengthen its position in two-wheeler, three-wheeler, tractor, and stationary engine segments. It is expanding its product portfolio beyond pistons and rings to include engine valves, connecting rods, compressor pistons, and aluminium cylinder blocks. Investments in Aluminium High Pressure Die Casting (HPDC) capabilities are underway to support these new categories.

Export markets remain a key growth driver, with the company diversifying its customer base across Africa, Latin America, the Middle East, and Southeast Asia. Foreign exchange earnings reached ₹5,604.1 crore against an outgo of ₹1,776.2 crore.

AGM Agenda & Corporate Actions

Shareholders will vote on the following resolutions at the AGM:

• Adoption of Financials: Audited Balance Sheet and Profit & Loss Account for FY26.
• Dividend Declaration: Final dividend of ₹0.50 per share.
• Director Reappointment: Reappointment of Saripalli Monish (DIN: 10217575) as a director liable to retire by rotation.
• Cost Auditor Ratification: Remuneration of ₹60,000 plus expenses to Mr. Penumurthy Srinivas for FY27.

E-voting is facilitated by CDSL from September 18 to September 21, 2026. The Register of Members remains closed from September 16 to September 22, 2026. Members can join the meeting via VC/OAVM 15 minutes before and after the scheduled start time. The facility to appoint a proxy is not available for this AGM, though body corporates may appoint authorized representatives.