SPR Auto Technologies Limited has announced the transfer of its licence agreements from technical collaborator Kolbenschmidt Pistons Germany GmbH to a newly formed entity following organizational restructuring. The company disclosed this development under Regulation 30 of SEBI (LODR) Regulations, 2015 on April 3, 2026.

Contract Assignment Details

The existing licence agreements with SPR Auto Technologies Limited have been transferred to Kolbenschmidt Pistons Management GmbH through assignment and assumption of contract. This transfer resulted from strategic realignment by Kolbenschmidt Pistons Germany GmbH, whereby certain central functions were carved out and transferred to the newly established entity.

Terms and Conditions

The company confirmed that all aspects of the collaboration remain unchanged following the transfer. The scope of services, commercial terms, and operational points continue as previously established. The new entity has assumed all rights and obligations under the existing agreements without any modifications to terms and conditions.

Business Scope and Operations

The licence agreements cover the use of know-how, patents, and trademarks for manufacturing and selling pistons for internal combustion engines of specific specifications. This collaboration, spanning over six decades, enables SPR Auto Technologies to access cutting-edge technology that meets current emission norms and global standards.

Strategic Benefits

The objective of maintaining these licence agreements is to acquire the latest manufacturing technology and know-how, strengthening the company's presence in the domestic market while securing new business opportunities through access to advanced technology. The company continues to manufacture products in India, serving both domestic customers and export markets.

The disclosure was made in compliance with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/1/3762/2026 dated January 30, 2026, with detailed information provided as required under regulatory guidelines.

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.

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.

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.

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.