SPR Auto Technologies Limited (formerly Shriram Pistons & Rings Limited) has completed the acquisition of identified plant and machinery and related assets from Sunbeam Lightweighting Solutions Limited for an aggregate consideration of INR 28 Crores. The transaction, finalized on June 30, 2026, strengthens the company's piston manufacturing operations and is expected to enhance capacity and improve operational efficiencies.

The acquisition was executed pursuant to an Asset Purchase Agreement (APA) dated December 19, 2025, and an Amendment Agreement dated March 27, 2026. Sunbeam Lightweighting Solutions Limited is a wholly-owned subsidiary of Craftsman Automation Limited. The transaction was structured on a piecemeal basis, completed in tranches subject to the fulfilment of conditions precedent specified in the APA.

The consideration for the Proposed Transaction was paid in cash. The first tranche of INR 10 Crore, exclusive of applicable GST, was paid to the seller on December 31, 2025. The remaining consideration of INR 18 Crore, exclusive of applicable GST, was paid in full upon the completion of the transaction on June 30, 2026.

Transaction Details

The company stated that the proposed transaction does not qualify as a related party transaction and was undertaken on an arm's length basis. The promoter, promoter group, or group companies of SPR Auto Technologies Limited do not have any interest in the seller entity. The objective of the purchase is to strengthen and expand SPR Auto's existing piston manufacturing operations.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE526E01018/71cd2187bc0143c9.pdf

SPR Auto Technologies Limited concluded a series of virtual one-on-one meetings with six institutional investors on June 30, 2026. The company's management engaged with these funds to discuss business performance and strategy, adhering to regulatory disclosure norms. No unpublished price sensitive information (UPSI) was shared during these interactions, and presentations used were consistent with those already available on the company's official website and submitted to stock exchanges.

The meetings were conducted pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that the discussions involved standard presentations already on public record.

The disclosure was submitted to the National Stock Exchange of India Limited and BSE Limited. The update was signed by Krishnakumar Srinivasan, Managing Director & CEO.