Shriram Pistons & Rings Limited has informed the Exchange that Record date for the purpose of Dividend is 20-Jul-2026.
SHRIPISTON · price
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SPR Auto Technologies Limited (formerly Shriram Pistons & Rings Limited) reported strong FY2025-26 results with standalone revenue of Rs. 35,266 million (up 10.9% YoY) and net profit of Rs. 5,137 million (up 3.2% YoY). Consolidated revenue reached Rs. 44,587 million with net profit of Rs. 5,614 million. The company declared a total dividend of Rs. 10 per share (100% payout) for FY26, comprising an interim dividend of Rs. 5 already paid in February 2026 and a final dividend of Rs. 5 now recommended, subject to shareholder approval at the July 27, 2026 AGM. The record date for the final dividend is July 20, 2026. The Board also approved raising up to Rs. 10,000 million (Rs. 1,000 crore) via Qualified Institutions Placement (QIP) for debt repayment, capex, and general corporate purposes. The company completed three acquisitions in January 2026 and officially changed its name to SPR Auto Technologies Limited effective April 2, 2026.
The company delivered solid double-digit revenue growth with 100% dividend payout, signaling strong financial health. The QIP fund raise of Rs. 1,000 crore may cause equity dilution but strengthens the balance sheet for growth initiatives and debt reduction.