Shriram Pistons & Rings Limited has announced a comprehensive postal ballot process to seek shareholder approval for strategic corporate changes, including a proposed name change that reflects the company's evolution in the automotive technology sector.

Key Resolutions for Shareholder Approval

The company has outlined three special resolutions for consideration through the postal ballot process:

E-Voting Timeline and Process

The remote e-voting facility has been structured with specific timelines to ensure comprehensive shareholder participation:

Strategic Rationale for Name Change

The proposed name change to "SPR Auto Technologies Limited" represents the company's strategic evolution beyond its traditional pistons and rings manufacturing heritage. The company has expanded its presence within the automotive sector through strategic acquisitions and investments in allied automotive businesses, including precision plastic injection moulding, automotive interior and exterior solutions, automotive lighting systems, electric controllers and motors, and other automotive components.

The expanded product portfolio now encompasses liners, seat inserts, bearings, electric water pumps, and plastic fuel control devices. These activities complement the company's core operations and reflect a progressive shift towards higher value-added, technology-driven automotive systems supporting multiple vehicle platforms across ICE, hybrid, and Electric Vehicle (EV) segments.

Regulatory Compliance and Documentation

The company has obtained necessary regulatory clearances for the proposed changes:

• Central Registration Centre (CRC), Registrar of Companies (ROC), Ministry of Corporate Affairs has conveyed no-objection to the proposed name "SPR Auto Technologies Limited" through its letter dated February 5, 2026
• Compliance certificate from Practising Chartered Accountant confirming adherence to Regulation 45(1) of SEBI Listing Regulations has been secured
• All documentation is available on the company's website at https://shrirampistons.com

Corporate Governance Framework

The postal ballot process follows strict compliance protocols under the Companies Act, 2013, and SEBI regulations. Ms. Preeti Grover (FCS 5862), Practicing Company Secretary, has been appointed as Scrutinizer for the postal ballot process, with M/s Shabnam Kapoor & Co. (FCS 4258) as alternate.

The voting results will be declared within two working days from the conclusion of e-voting and will be communicated to stock exchanges BSE and NSE, along with publication on the company's website and NSDL's platform.

Shriram Pistons & Rings Limited has delivered its highest-ever quarterly total income alongside the successful completion of a major acquisition, marking significant milestones in Q3 FY26. The company reported a 21% year-on-year growth in consolidated total income during the quarter, supported by strong broad-based demand across all automotive segments.

Q3 FY26 Financial Performance

The company's consolidated performance demonstrated robust growth across key metrics during the quarter ended December 31, 2025:

The strong performance was driven by record production and sales volumes in the auto industry, with passenger vehicle and commercial vehicle segments growing by more than 20% year-on-year, while 2-wheeler segments grew by 17% and 3-wheeler segments by 14%.

Strategic Acquisition of Grupo Antolin Assets

A key strategic milestone was the 100% acquisition of Grupo Antolin's three Indian entities - Antolin Lighting India Private Limited, Grupo Antolin India Private Limited, and Grupo Antolin Chakan Private Limited. The transaction details include:

This acquisition significantly expands the company's addressable market and enhances its ability to offer diversified product solutions to major OEMs including Tata Motors, Mahindra & Mahindra, Volkswagen India, Toyota, Hyundai, and Renault.

Business Diversification and Name Change Proposal

Post the consolidation of Antolin India operations, the overall sales revenue of powertrain-agnostic products will increase to over 35% of consolidated revenue, including previous acquisitions of TGPEL, Takahata, and EMFI. To reflect this transformation, the company has proposed changing its name from Shriram Pistons & Rings Limited to SPR Auto Technologies Limited, subject to shareholder and regulatory approvals.

Capacity Expansion and Infrastructure Development

The company continues investing in both legacy and new business segments through several initiatives:

Regulatory Compliance and Communication

The company has maintained full regulatory compliance with SEBI requirements, publishing Q3 FY26 financial results in The Financial Express and Jansatta newspapers on February 3, 2026. The earnings conference call transcript has been made available on the company website, with Company Secretary Pankaj Gupta confirming no unpublished price sensitive information was shared during the call.

Nine-Month Performance and Outlook

For the nine-month period FY26, the company reported consolidated total income growth of 16.80% year-on-year and achieved 10.60% growth in bottom line despite one-time exceptional expenses. Management expressed confidence in the positive outlook for the automotive industry, supported by GST reforms, trade agreements with Europe and US, and the Union Budget's focus on automotive manufacturing and electric mobility ecosystem.