Shriram Pistons & Rings Limited (SPRL) has announced that its wholly owned subsidiary, SPR Engenious Limited, has further increased its equity stake in SPR EMF Innovations Private Limited (SPR EMFI). The latest acquisition raises SPR Engenious' ownership in SPR EMFI from 66.42% to 72.58%, continuing its progressive stake buildup.

Transaction Details

The transaction was completed through a further issue and allotment of equity shares to SPR Engenious. Following this acquisition, SPR Engenious now owns 1,55,71,507 equity shares in SPR EMF Innovations, representing a 72.58% stake in the company.

Historical Context

This latest increase is part of a series of strategic moves by SPR Engenious to strengthen its position in SPR EMF Innovations:

• December 15, 2022: Initial acquisition of a 51% equity stake in SPR EMFI
• March 2, 2024: Increased stake from 51% to 66.42%
• September 11, 2025: Further increase to 72.58%

Regulatory Compliance

SPRL, the parent company of SPR Engenious, has duly informed the National Stock Exchange of India Limited and BSE Limited about this development. The company's Company Secretary & Compliance Officer, Pankaj Gupta, submitted the regulatory filing on September 11, 2025.

Market Implications

This continued investment by SPR Engenious in SPR EMF Innovations suggests a strong commitment to the subsidiary's operations and potential. The progressive increase in ownership from 51% to 72.58% over the course of several transactions indicates a strategic long-term approach to strengthening the group's position in this business segment.

Investors and market watchers may view this as a sign of confidence in SPR EMF Innovations' future prospects and its alignment with Shriram Pistons & Rings Limited's overall business strategy. However, the specific reasons for this increased investment and its potential impact on the group's financial performance were not disclosed in the available information.

Shriram Pistons & Rings Limited has announced its audited financial results for the quarter and year ended March 31, 2025, revealing robust growth in both revenue and profitability. The company also declared a dividend and made significant changes to its board of directors.

Financial Highlights

Standalone Performance

Consolidated Performance

The company's financial results demonstrate strong growth across both standalone and consolidated operations, with significant improvements in revenue and net profit figures.

Dividend Announcement

The board of directors has recommended a final dividend of Rs 10.00 per share, which includes an interim dividend of Rs 5.00 that has already been paid to shareholders.

Board Changes and Appointments

Shriram Pistons & Rings Limited announced several key changes to its board and management:

1. Resignation: Shinichi Unno has stepped down from his position as an independent director.
2. New Appointment: Akihiro Ozaki has been appointed as a new independent director.
3. Auditor Appointments: The company has appointed new secretarial and cost auditors.

Annual General Meeting

The 61st Annual General Meeting of Shriram Pistons & Rings Limited is scheduled to take place on August 1, 2025.

These developments, including the strong financial performance, dividend announcement, and board changes, reflect the company's commitment to growth and corporate governance.