SPR Auto Technologies opens special window for physical share transfer

1 min read     Updated on 30 May 2026, 01:39 PM
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Anirudha BScanX News Team
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SPR Auto Technologies Limited has opened a special window from February 5, 2026, to February 28, 2026, for the re-lodgement of transfer deeds related to physical shares. This facility is available for transfer deeds originally lodged prior to April 1, 2019, that were rejected or returned. Shares processed will be issued in demat form with a one-year lock-in.

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SPR Auto Technologies Limited (formerly Shriram Pistons & Rings Limited) has opened a special window from February 5, 2026, to February 28, 2026, for the re-lodgement of transfer deeds related to physical shares. This facility is available for transfer deeds that were originally lodged prior to the deadline of April 1, 2019, but were rejected, returned, or not attended to due to deficiencies in the process or documents, and subsequently missed the extended timeline of March 31, 2021.

The company has specified that a mandatory requirement for lodging requests under this special window is the submission of original share certificates. To be eligible, the execution date of the transfer deed must be before April 1, 2019, and the shares must have been lodged for transfer before that date, either as a fresh lodgement or as a previously rejected or returned lodgement. Crucially, the original share certificate must be available.

However, the company clarified that certain cases will not be considered under this special window. These include shares that are currently under any litigation, dispute, or court injunction, as well as securities that have already been transferred to the Investor Education and Protection Fund (IEPF).

Shareholders utilizing this window should note that all re-lodged shares will be processed through a transfer-cum-dematerialized route. Consequently, the shares will be issued only in dematerialized (demat) form following the transfer. Additionally, these shares will be subject to a lock-in period of one year.

Eligibility Criteria

Execution Date of Transfer Deed Lodged for transfer before April 1, 2019? Original Share Certificate Available? Eligibility to lodge in the current window
Before April 1, 2019 Yes / Yes Yes Yes
Before April 1, 2019 Yes / Yes No No
- No No No

For further information or clarification, concerned shareholders can contact the company or its Registrar and Share Transfer Agent (RTA), Alankit Assignments Limited, at the provided addresses.

Historical Stock Returns for Shriram Pistons & Rings

1 Day5 Days1 Month6 Months1 Year5 Years
+2.03%+3.33%-4.99%+30.29%+41.00%+766.98%

How might the mandatory one-year lock-in period impact the liquidity and trading volume of SPR Auto Technologies shares once they are rematerialized?

Could this special window initiative serve as a precedent for other companies facing similar backlogs of physical share transfers?

What is the expected impact on the company's shareholder base and voting structure as these legacy physical shares are finally converted to demat form?

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SPR Auto fully utilizes ₹1,000 crore NCD proceeds

1 min read     Updated on 23 May 2026, 02:52 PM
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Radhika SScanX News Team
AI Summary

SPR Auto Technologies Limited confirmed the full utilization of ₹1,000 crore raised through Series I and Series II NCDs for debt refinancing and general corporate purposes. The company reported no deviations from the objects stated in the offer document for the quarter ended March 31, 2026.

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SPR Auto Technologies Limited has submitted a statement confirming the complete utilization of proceeds from its recently listed Non-Convertible Debentures (NCDs). The company raised a total of ₹1,000 crore via a private placement on February 23, 2026, issuing Series I and Series II debentures. The disclosure, filed on May 21, 2026, confirms compliance with the objects outlined in the Key Information Document dated February 17, 2026.

Utilization of Issue Proceeds

The company reported that the entire amount raised has been deployed towards the intended purposes. The funds were primarily utilized for the refinancing of existing debt availed for the acquisition of stakes in three entities formerly associated with Spain's Grupo Antolin. Additionally, proceeds were used for payment of issue-related expenses and general corporate purposes.

The following table details the utilization of funds for each series:

Name of the Issuer Type of Instrument Amount Raised (Rs. in crore) Funds Utilized (Rs. in crore) Any Deviation
SPR Auto Technologies Limited Listed, secured, rated, redeemable, non-cumulative, non-convertible debentures - Series I Debentures 7.30% 500 500 No
SPR Auto Technologies Limited Listed, secured, rated, redeemable, non-cumulative, non-convertible debentures - Series II Debentures 7.35% 500 500 No

Compliance and Deviation Status

The company explicitly stated that there have been no deviations or variations in the use of proceeds from the objects stated in the Offer Document. Consequently, no approvals were required to vary the objects of the issue. The audit committee has reviewed the utilization, and the auditors have provided their comments, confirming adherence to the regulatory framework.

Background on Subsidiary Renaming

As part of the disclosure, the company noted that the names of the target entities acquired using the debt have been changed. Antolin Lighting India Private Limited is now SPR Auto Interior Lighting Solutions Private Limited, while Grupo Antolin India Private Limited and its subsidiary have been renamed to SPR Auto Interior Solutions Private Limited and SPR Auto Interior Solutions Chakan Private Limited, respectively. These name changes became effective in March 2026.

Historical Stock Returns for Shriram Pistons & Rings

1 Day5 Days1 Month6 Months1 Year5 Years
+2.03%+3.33%-4.99%+30.29%+41.00%+766.98%

How will the integration of the three former Grupo Antolin entities impact SPR Auto Technologies' revenue and EBITDA margins over the next 12-24 months?

Could SPR Auto Technologies pursue additional NCD issuances or debt instruments to fund further acquisitions in the automotive interiors and lighting space?

What synergies is SPR Auto Technologies targeting from the rebranded subsidiaries, and how might these affect its competitive positioning against other auto component suppliers in India?

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1 Year Returns:+41.00%