Shriram Pistons & Rings Limited has successfully completed its quarterly interest payments to non-convertible debenture holders, demonstrating its commitment to timely debt servicing obligations. The company made payments totaling INR 7.22 crores across two debenture series on March 30, 2026.

Interest Payment Details

The automotive components manufacturer completed interest payments for both Series 1 and Series 2 non-convertible debentures ahead of the scheduled due date. The payments were made one day early, on March 30, 2026, against the due date of March 31, 2026.

Regulatory Compliance

The interest payments were made in accordance with Regulation 57 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company also complied with Chapter XI of SEBI Master Circular No. SEBI/HO/DDHS/DDHS-PoD/P/CIR/2025/000000137 dated October 15, 2025.

Both debenture series are characterized as listed, secured, rated, redeemable, non-cumulative, and non-convertible. The company confirmed that there were no changes in the frequency of interest payments and no delays or non-payment issues were reported.

Financial Implications

The total interest outflow of INR 7.22 crores represents the company's quarterly debt servicing obligation on its INR 1,000 crore debenture program. The reported amounts are gross interest figures, with actual payments subject to Tax Deducted at Source (TDS) where applicable.

The timely completion of these payments reinforces the company's financial discipline and commitment to honoring its debt obligations to investors.

Shriram Pistons & Rings Limited has received regulatory approval from the Ministry of Corporate Affairs (MCA) for significant amendments to its Memorandum of Association. The MCA issued its approval letter on March 27, 2026, following shareholder consent obtained through a postal ballot special resolution.

Regulatory Approval and Compliance

The company informed the stock exchanges on March 28, 2026, about the MCA's approval for alterations in the Main Object Clause of its Memorandum of Association. This notification was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The MCA has issued a Certificate of Registration of Special Resolution confirming the alteration of object clauses under Section 13(1) of the Companies Act, 2013.

Key Amendments to Business Scope

The amendments involve substantial modifications to the company's main object clause, expanding its business activities across multiple sectors:

Enhanced Traditional Manufacturing Scope

The revised sub-clause (1) of Clause III(A) expands the company's traditional manufacturing capabilities to include a comprehensive range of automotive components. The amended scope covers pistons, piston rings, cylinder liners, engine valves, transmission gears, and various other components for vehicles and engines. The expansion extends to applications across diverse vehicle types including trucks, tractors, motorcycles, three-wheelers, buses, aircraft, and industrial engines.

Electric Mobility and Advanced Technologies

The newly inserted sub-clause (2) introduces significant expansion into electric mobility and advanced automotive technologies. The company can now engage in:

• Electric Motor Systems: Traction motors, permanent magnet synchronous motors, axial flux motors, and radial flux motors
• Electronic Components: Motor controllers, DC-DC converters, battery management systems, and e-drive systems
• Advanced Systems: Radars, telematics boxes, infotainment systems, and ADAS components
• Precision Manufacturing: High-pressure die casting components, lightweight composites, and precision molded parts

Comprehensive Component Manufacturing

The third new sub-clause (3) covers original equipment manufacturer products and jobbing industry operations, including:

• Automotive Lighting: LED lights, day running lights, charging indicators, and illuminated components
• Interior Systems: Intelligent steering systems, door panels, sun visors, and automotive interior decorative parts
• Specialized Components: EV water pumps, plastic fuel capture systems, and thermal cooling systems

Corporate Structure Modernization

The company has adopted a new Memorandum of Association format aligned with the Companies Act, 2013 requirements. The existing MOA, originally structured under the Companies Act, 1956, has been completely substituted and replaced to comply with current regulatory standards as prescribed in Table A to Schedule I of the Companies Act, 2013.

Official Documentation

The MCA certificate was issued by the Central Processing Centre, Manesar, Haryana, and digitally signed by the Assistant Registrar of Companies on March 27, 2026. The company's communication to stock exchanges was digitally signed by Company Secretary & Compliance Officer Pankaj Gupta on March 28, 2026.