SPR Auto Technologies Receives MCA Approval for Name Change from Shriram Pistons & Rings

SPR Auto Technologies Limited (formerly Shriram Pistons & Rings Limited) has received official approval from the Ministry of Corporate Affairs (MCA) for its name change, with the new corporate identity taking effect from April 2, 2026. The company informed stock exchanges on April 3, 2026, confirming the completion of the name change process that was earlier approved by shareholders through postal ballot.

MCA Approval and Certificate Issuance

The Registrar of Companies, Ministry of Corporate Affairs, issued a fresh Certificate of Incorporation pursuant to the name change on April 2, 2026. The certificate confirms the company's transformation from "Shriram Pistons & Rings Limited" to "SPR Auto Technologies Limited" while maintaining its Corporate Identification Number (CIN): L29112DL1963PLC004084.

Parameter	Details
Effective Date	April 2, 2026
Certificate Issued By	Assistant Registrar of Companies, Central Processing Centre
Original Company Name	Shama Pistons & Rings Limited (1963)
CIN	L29112DL1963PLC004084

Shareholder Approval Through Postal Ballot

The name change was previously approved by shareholders through a comprehensive postal ballot process concluded on March 12, 2026. The voting results demonstrated overwhelming shareholder support for the corporate transformation.

Resolution	Votes in Favor	% in Favor	Votes Against	% Against
Name Change Approval	33,711,146	99.9994%	194	0.0006%
Memorandum Alteration	33,711,306	99.9999%	34	0.0001%
Articles Alteration	33,632,788	99.7670%	78,552	0.2330%

Expanded Business Scope and Strategic Direction

The name change reflects the company's strategic expansion beyond traditional automotive components. The approved memorandum alterations include new business objects covering electric mobility solutions, advanced automotive technologies, and next-generation automotive systems.

Key Business Areas:

Traditional Manufacturing: Pistons, piston rings, cylinder liners, engine valves, transmission gears
Electric Mobility: Traction motors, permanent magnet synchronous motors, e-drive systems, battery management systems
Advanced Technologies: Radar systems, telematics, ADAS components, precision moldings, automotive lighting solutions

Regulatory Compliance and Implementation

Company Secretary Pankaj Gupta confirmed that the Memorandum and Articles of Association have been altered to reflect the name change. The company has fulfilled all regulatory requirements under the Companies Act, 2013, and SEBI Listing Regulations. As per statutory requirements, the company must display both old and new names for two years at all locations where the company name is required to be displayed.

Compliance Aspect	Details
Stock Exchange Notification	April 3, 2026
NSE Symbol	SHRPISTON
BSE Scrip Code	544344
Display Requirement	Both names for 2 years

The transformation to SPR Auto Technologies Limited marks a significant milestone in the company's evolution from a traditional automotive component manufacturer to a comprehensive automotive technology solutions provider, positioning it strategically for the evolving automotive industry landscape.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-3.20%	-5.60%	-6.05%	+6.98%	+58.46%	+276.38%

Shriram pistons & rings Limited has announced the reorganization of its technical collaborator Riken Corporation, effective from April 1, 2026. The company disclosed this development under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, highlighting the seamless transition of technical partnerships and agreements.

Key Reorganization Details

The reorganization involves significant structural changes to Riken Corporation's business operations. The company has been renamed NPR-RIKEN Nigata Corporation, while certain business divisions and contractual rights/obligations have been transferred to NPR-RIKEN Corporation under Japanese law.

Parameter:	Details
Effective Date:	April 1, 2026
Original Entity:	Riken Corporation
New Entity Name:	NPR-RIKEN Nigata Corporation
Agreement Successor:	NPR-RIKEN Corporation
Shareholding Impact:	None

Technical Agreement Continuity

All Technical Assistance Agreements, Technical Collaboration Agreements, and related contracts with Shriram Pistons & Rings have been successfully transferred to NPR-RIKEN Corporation. A confirmation has been executed between the company and NPR-RIKEN Corporation acknowledging the transfer of all existing agreements with effect from April 1, 2026.

The technical agreements focus on the use of know-how, patents, and trademarks to manufacture and sell specific types of piston rings for internal combustion engines. These arrangements involve royalty payments calculated on sales made by the company.

Shareholding and Business Impact

The reorganization maintains stability in ownership structure, with NPR-RIKEN Nigata Corporation continuing to hold 21.30% equity in Shriram Pistons & Rings Limited. The company manufactures in India and continues operations in both domestic and export markets.

Aspect:	Current Status
Equity Holding:	21.30% (unchanged)
Agreement Validity:	Until February 2028
Market Operations:	Domestic and Export
Technology Focus:	Piston rings for internal combustion engines

Long-term Partnership Benefits

The Technical Agreements have been operational for over four decades, supporting the domestic automotive industry with advanced technology products. These partnerships enable Shriram Pistons & Rings to:

Access latest manufacturing technology and know-how
Serve domestic and export markets effectively
Secure new business opportunities with advanced technology
Meet prevailing emission norms in India with global standard products

The current agreements remain valid until February 2028, ensuring continued technical collaboration and business continuity. The reorganization represents a structural change in the collaborator's corporate framework while maintaining the established technical and commercial relationships that have supported the company's operations in the automotive components sector.