Shriram Pistons & Rings Limited has informed the Exchange regarding Cessation of Mr. Shinichi Unno as Non- Executive Independent Director of the Company w.e.f. close of business hours of May 07, 2025.
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Shriram Pistons & Rings reported audited FY25 results on May 7, 2025. Standalone revenue grew ~8% to Rs. 3,17,951 lacs, while profit after tax rose ~11% to Rs. 49,780 lacs, lifting EPS to Rs. 113.01 (vs Rs. 101.42). Consolidated revenue grew ~15% to Rs. 3,54,983 lacs with PAT of Rs. 51,556 lacs (vs Rs. 43,866 lacs), driven partly by newly acquired subsidiaries. The Board recommended a final dividend of Rs. 5/share, taking total FY25 dividend to Rs. 10/share (face value Rs. 10). Mr. Shinichi Unno resigned as Non-Executive Independent Director and Mr. Akihiro Ozaki was appointed in his place. M/s APAC & Associates LLP was appointed as Secretarial Auditor for 5 years and M/s Chandra Wadhwa & Co. as Cost Auditor for FY26.
Solid double-digit earnings growth and a healthy dividend (Rs. 10 total) are positive for shareholders. The director change appears routine (one Japanese independent director replacing another), with no impact on management or governance. Subsidiary acquisitions (TGPEL, Karna Intertech) are driving consolidated growth.