SHRIPISTON · price
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SPR Auto Technologies Limited has confirmed full utilization of Rs. 1,000 crore raised through two series of Non-Convertible Debentures (NCDs) issued in February 2026 - Series I at 7.30% and Series II at 7.35%, each for Rs. 500 crore. The funds were utilized for refinancing debt taken to acquire 100% stake in three Grupo Antolin India entities, which have since been renamed to SPR Auto Interior Lighting Solutions, SPR Auto Interior Solutions, and SPR Auto Interior Solutions Chakan. The company has reported zero deviation or variation in the use of proceeds from the objects stated in the Offer Document. This is a regulatory compliance filing for the quarter ended March 31, 2026.
No negative implications for shareholders - the NCD proceeds were fully and correctly deployed as intended for the Grupo Antolin acquisition refinancing, with no fund diversion detected. The clean utilization report strengthens confidence in corporate governance and debt management.