Spr Auto Technologies sets Sept 15 as NCD interest record date

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Reviewed by
Jubin VScanX News Team
Key Highlights
  • Record date set for September 15, 2026, for NCD interest payment
  • Interest payout scheduled for September 30, 2026
  • Applies to Series I and Series II debentures listed on NSE
  • Filing made under Regulation 60 of SEBI Listing Regulations
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Spr Auto Technologies Limited has fixed September 15, 2026, as the record date for the payment of interest on its listed non-convertible debentures. The company confirmed the schedule in a regulatory filing on September 7, 2026.

The interest payment is scheduled for September 30, 2026. This applies to both Series I and Series II of the company's secured, rated, redeemable, non-cumulative, and non-convertible debentures listed on the National Stock Exchange of India Limited.

Record Date Details

The intimation was issued pursuant to Regulation 60 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing references SEBI Master Circulars dated July 11, 2025, and October 15, 2025.

Series ISIN Record Date Payment Date Exchange
Series I INE526E07015 September 15, 2026 September 30, 2026 NSE
Series II INE526E07023 September 15, 2026 September 30, 2026 NSE

Krishnakumar Srinivasan, Managing Director and CEO, signed the communication. The details are also available on the company's website.

Historical Stock Returns for SPR Auto Technologies

1 Day5 Days1 Month6 Months1 Year5 Years
-0.39%-1.16%+2.64%+52.18%+75.61%0.0%

How might the upcoming interest payment impact Spr Auto Technologies' short-term liquidity and cash flow management?

What does the company's adherence to this payment schedule indicate about its current financial health and creditworthiness?

Are there any planned refinancing activities or maturity events for these debentures that investors should monitor in the coming quarters?

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SPR Auto Technologies acquires 23.21% stake in Sunsure Solarpark for ₹6 crore

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Reviewed by
Anirudha BScanX News Team
Key Highlights
  • SPR Auto Technologies acquires 23.21% stake in Sunsure Solarpark for ₹6 crore
  • Investment supports group captive solar power project at Pathredi facility
  • Payment structured in two tranches, first due by September 24, 2026
  • Target entity is a wholly owned subsidiary of Sunsure Energy Private Limited
  • Deal aligns with strategy to optimize energy costs and meet regulatory norms
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SPR Auto Technologies has entered into a share subscription agreement to acquire a 23.21% stake in Sunsure Solarpark Forty Private Limited. The investment, valued at ₹6 crore, supports a group captive solar power project.

SPR Auto Technologies executed the agreement on August 25, 2026, alongside a power purchase agreement with the target entity. This move aligns with the company’s strategy to optimize energy costs and meet regulatory requirements for captive power consumption under the Electricity Act, 2003.

Transaction Structure

The acquisition involves a cash consideration payable in two tranches, subject to valuation and closing conditions:

Tranche Amount Timeline/Condition
First ₹0.90 crore On or before September 24, 2026
Second ₹5.10 crore Upon receipt of Second Tranche Subscription Notice

The total equity subscription amount of ₹6.00 crore is based on the fair market value of the equity shares as per a valuation report to be obtained under applicable law.

Target Entity Details

Sunsure Solarpark Forty Private Limited is a wholly owned subsidiary of Sunsure Energy Private Limited. Incorporated on January 8, 2025, the special-purpose vehicle has not yet commenced commercial operations and reported nil turnover since inception.

Key details of the target entity include:

  • Registered Office: Gurgaon, Haryana
  • Authorized Share Capital: ₹10,00,000 (1,00,000 equity shares of ₹10 each)
  • Paid-up Share Capital: ₹1,00,000 (10,000 equity shares of ₹10 each)
  • Industry: Renewable energy and power generation

The company confirmed that the proposed acquisition is not a related-party transaction. Neither the promoter, promoter group, nor any group companies hold an interest in Sunsure Solarpark.

Operational Impact

Simultaneously with the equity subscription, SPR Auto Technologies signed a power purchase agreement dated August 25, 2026. This agreement secures the procurement of solar power from the Sunsure Solarpark project specifically for the company’s manufacturing facility at Pathredi, Rajasthan.

No governmental or regulatory approvals are required for this acquisition. The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Historical Stock Returns for SPR Auto Technologies

1 Day5 Days1 Month6 Months1 Year5 Years
-0.39%-1.16%+2.64%+52.18%+75.61%0.0%

How is SPR Auto Technologies projecting the long-term ROI and payback period for this ₹6 crore solar investment compared to traditional grid power costs?

What percentage of the Pathredi manufacturing facility's total energy consumption will this captive solar project cover, and are there plans to scale up further?

Given that Sunsure Solarpark Forty is a newly incorporated SPV with no operational history, what specific performance guarantees or penalties are included in the power purchase agreement?

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1 Year Returns:+75.61%