SPR Auto Technologies Sets Date for 62nd AGM; Plans up to Rs 10,000 Million Fundraising and Dividend Declaration

SPR Auto Technologies Sets Date for 62nd AGM; Plans up to Rs 10,000 Million Fundraising and Dividend Declaration​

SPR Auto Technologies Limited (formerly Shriram Pistons & Rings Limited) has scheduled its 62nd Annual General Meeting (AGM) for July 27, 2026. The meeting is set to transact key business items including the adoption of financial statements, the declaration of a final dividend, and seeking shareholder approval for a significant capital raising plan through a Qualified Institutions Placement (QIP).

The AGM will be held on Monday, July 27, 2026, at 4:00 p.m. Indian Standard Time (IST) via Video Conferencing (VC)/Other Audio-Visual Means (OAVM), with the Registered Office in New Delhi serving as the deemed venue.

Financials and Dividend Declaration​

A central item on the agenda is the declaration of a final dividend for the financial year ended March 31, 2026. The Board recommends declaring a final dividend of Rs. 5.00/- per equity share, which has a face value of Rs. 10/- each. Shareholders will also receive the payment of an interim dividend of Rs. 5.00/- per equity share, which was already paid during the 2025-26 financial year.

In governance matters, the meeting includes receiving and adopting the audited standalone and consolidated financial statements for the financial year ended March 31, 2026.

Key Special Business Resolutions​

The AGM will address several crucial special resolutions pertaining to corporate operations and finance:

Capital Raising: Shareholders are sought to approve the authorization for the Board to raise further capital through the creation, offer, issuance, and allotment of Securities (Equity Shares or other eligible securities). The proposed funding capacity is up to Rs. 10,000 Million (Rupees Ten Thousand Million only), which may be utilized for repayment or prepayment of borrowings, capital expenditure, or general corporate purposes.

Cost Audit and Commission: Ordinary business includes ratifying the remuneration payable to M/s. Chandra Wadhwa & Co., Cost Accountants, appointed as Cost Auditors for the financial year ending March 31, 2027. The approved remuneration is Rs. 3,65,000/- plus applicable taxes and reimbursement of out-of-pocket expenses. Additionally, a special resolution seeks approval for a commission of 0.60% of the annual profits to be paid to the Chairman for the financial year 2026-27, based on prior member approval of not exceeding 1% of Annual Profits.

Director Re-appointments: The meeting is scheduled to appoint Directors in place of Mr. Pradeep Dinodia and Mr. Yasunori Maekawa, both of whom are retiring by rotation.

Governance and Director Details​

The notice provides detailed information regarding the directors seeking re-appointment, including their professional backgrounds and prior roles.

Unclaimed Dividends Transferred to IEPF​

The company reported the transfer of unclaimed/unpaid dividends and corresponding shares to the Investor Education and Protection Fund (IEPF) for two financial years:

• FY 2017-18: Rs. 39,192.00
• FY 2018-19: Rs. 27,564.24

The AGM is also set to address the appointment of a Scrutinizer for e-Voting, with Ms. Preeti Grover, Practicing Company Secretary (ICSI M. No. FCS 5862 & COP No. 6065), appointed to scrutinize the process in a fair and transparent manner.

Investor Information​

Shareholders who have not claimed their dividends for seven consecutive years or more are advised that unclaimed dividends and shares have been transferred to IEPF Authority. The AGM is set for July 27, 2026.

SHRIPISTON Stock Price Movement​

As of 2:14 PM, shares of SPR Auto Technologies Limited are slipping by 2.27% in live trading, currently priced at ₹4208.9. The stock trades amidst a volume of 29,365 shares following the intraday low of ₹4180.