Shriram pistons & rings Auto Technologies Limited has informed stock exchanges that it does not qualify as a Large Corporate under the SEBI framework as of March 31, 2026. The company made this disclosure in compliance with SEBI Circular No. SEBI/HO/DDHS/DDHS-RACPOD1/P/CIR/2023/172 dated October 19, 2023, which established the framework for fund raising by issuance of debt securities by Large Corporates.

Company Financial Position

The company's financial disclosure reveals key metrics that determine its classification status under the SEBI framework:

Regulatory Compliance Details

SPR Auto Technologies Limited, formerly known as Shriram Pistons & Rings Limited, submitted the mandatory disclosure to both NSE and BSE. The company confirmed that based on the applicability criteria specified in the SEBI circular, it does not meet all prescribed conditions to qualify as a Large Corporate.

Company Secretary and Compliance Officer Pankaj Gupta signed the disclosure document on April 20, 2026, along with Chief Financial Officer Prem Prakash Rathi, ensuring proper authorization and compliance with regulatory requirements.

Debt Securities Exclusion

During FY 2025-26, the company issued secured, rated, listed and redeemable Non-Convertible Debentures aggregating to Rs. 1,000 crore for acquisition purposes. These debentures were excluded from the definition of outstanding long-term borrowings as per point 3.2 of the SEBI circular, which impacted the company's classification assessment.

Corporate Information

The company operates with CIN L29112DL1963PLC004084 and maintains its registered office at 3rd Floor, Himalaya House, 23, Kasturba Gandhi Marg, New Delhi. The disclosure ensures transparency regarding the company's status under the Large Corporate framework and provides clarity to investors and stakeholders about its regulatory classification.

Shriram Pistons & Rings Limited, now operating as SPR Auto Technologies Limited, has strengthened its long-standing partnership with Japanese technology leader FUJI OOZX INC. through a revised Technical Collaboration Agreement. This strategic extension builds upon a collaboration that has spanned over three decades in the automotive components sector.

Agreement Extension Details

The revised agreement extends the scope of technical know-how and assistance for manufacturing engine valves in India for an additional five-year period. This extension is designed to address evolving customer requirements in the automotive industry and maintain the company's competitive edge in engine valve manufacturing.

Financial and Operational Terms

Under the amended agreement, royalty payments will be made to FUJI OOZX in accordance with the revised provisions. The company confirmed that all other terms and conditions of the original Technical Collaboration Agreement remain unchanged. The partnership enables SPR Auto Technologies to manufacture products in India while serving both domestic customers and export markets.

Strategic Rationale and Benefits

The collaboration serves multiple strategic objectives for SPR Auto Technologies. The partnership provides access to latest manufacturing technology and know-how, enhancing capability to serve the automotive market. It enables pursuit of new business opportunities with advanced global technology while maintaining cutting-edge technology standards comparable to global benchmarks.

The partnership represents an ongoing collaboration focused on manufacturing engine valves to serve the automotive industry with advanced technology products. Through this extended agreement, the company continues to provide technology in India that matches the latest global standards.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has provided comprehensive details as mandated under regulatory requirements, ensuring full transparency for stakeholders and market participants.