Shriram Pistons & Rings Limited has informed the Exchange regarding 'Statement under Regulation 52(7) and 52(7A) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ( SEBI Listing Regulations )'.
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SPR Auto Technologies Limited has filed a compliance statement confirming that proceeds from two series of Non-Convertible Debentures (NCDs) totaling Rs. 1,000 crore have been fully utilized as intended. Series I (7.30%) and Series II (7.35%) debentures were raised in February 2026 for Rs. 500 crore each. The funds were used to refinance debt for acquiring 100% stake in three Indian entities formerly belonging to Spain's Grupo Antolin, along with related fees and general corporate purposes. The company confirms there is no deviation or variation in the use of proceeds from the stated objects.
This is a routine regulatory compliance filing with no direct negative implications for shareholders. The confirmation that NCD proceeds were used as intended provides transparency about fund utilization and the company's acquisition financing.