SPR Auto Technologies seeks shareholder nod for Shukla's directorship
- SPR Auto Technologies seeks shareholder approval for Arun Kumar Shukla’s five-year directorship
- Remote e-voting window opens September 23, 2026, and closes October 22, 2026
- Cut-off date for eligibility is Friday, September 18, 2026
- Proposed salary is ₹2,85,000 per month with additional special pay and profit-linked commission
*this image is generated using AI for illustrative purposes only.
SPR Auto Technologies Limited has initiated a postal ballot process to secure shareholder approval for the appointment of Arun Kumar Shukla as a Director in an executive capacity.
The company, formerly known as Shriram Pistons & Rings Limited, submitted the notice to stock exchanges on September 22, 2026. The proposal covers a five-year tenure effective from August 4, 2026, through August 3, 2031.
Voting Schedule and Eligibility
Shareholders may cast their votes electronically via the National Securities Depository Limited (NSDL) platform. The remote e-voting period commences on Wednesday, September 23, 2026, at 9:00 am and concludes on Thursday, October 22, 2026, at 5:00 pm.
Only members whose names appear in the Register of Members or List of Beneficial Owners as on the cut-off date of Friday, September 18, 2026, are eligible to vote. Voting rights are proportional to the share of paid-up ordinary equity share capital held by each member on the cut-off date.
Appointment Details and Remuneration
Mr. Shukla, who holds a Bachelor of Technology degree in Mechanical Engineering from the Indian Institute of Technology, Kanpur, has been associated with the company since 2009. He currently serves in the senior management team with expertise in manufacturing operations, lean manufacturing, and project management.
The Board recommended his appointment based on the Nomination and Remuneration Committee’s assessment of his leadership capabilities and industry knowledge. His remuneration package includes a monthly salary within the pay scale of ₹2,85,000 to ₹3,60,000, along with special pay and commission linked to annual profits.
Key Terms of Appointment
| Particulars | Details |
|---|---|
| Term | 5 years (August 4, 2026 to August 3, 2031) |
| Salary | ₹2,85,000 per month (Pay scale up to ₹3,60,000) |
| Special Pay | ₹3,75,000 per month (set off against profit commission) |
| Commission | 0.30% of annual profits before depreciation, donation, and taxes |
| HRA | 60% of salary (if no accommodation provided) |
| Other Allowances | Utility, furnishing, medical, helper, and mobile allowances |
| Retirement Benefits | PF @12% of salary; Gratuity as per company rules |
Procedural Compliance
In compliance with Ministry of Corporate Affairs circulars allowing electronic communication, the postal ballot notice is being sent exclusively via email to registered shareholders. Physical copies of the ballot form and pre-paid envelopes will not be dispatched. Shareholders must update their email addresses with the company’s Registrar and Transfer Agent, Alankit Assignments Limited, or their Depository Participants to receive the notice.
Ms. Preeti Grover, a Practicing Company Secretary, has been appointed as the Scrutinizer to conduct the voting process. The results, along with the Scrutinizer’s report, will be declared within two working days after the conclusion of the e-voting period and submitted to both the BSE and NSE.
Historical Stock Returns for SPR Auto Technologies
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.33% | -4.59% | -3.46% | +36.85% | +56.77% | +809.66% |
How might Arun Kumar Shukla's focus on lean manufacturing influence SPR Auto's operational efficiency and cost structures over the next five years?
What strategic shifts in product portfolio or market expansion can investors expect given the new director's long tenure and executive authority?
How will the commission-linked remuneration structure impact shareholder returns if the company's profitability fluctuates during the 2026-2031 period?
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