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Shriram Pistons & Rings Ltd. ( (IN:SHRIPISTON) ) has provided an update.
SPR Auto Technologies Limited, formerly known as Shriram Pistons & Rings Limited, has confirmed that the proceeds from its listed, secured, rated, redeemable, non-cumulative, non-convertible debentures, Series I and Series II, raised via private placement and listed on the NSE, have been fully utilized in line with the stated objectives in its offer document. The company reported no deviation or variation in the use of these funds as of March 31, 2026, underscoring its adherence to SEBI Listing Regulations on disclosure and utilization of issue proceeds, and signaling disciplined financial management to its debenture holders and market regulators.
More about Shriram Pistons & Rings Ltd.
SPR Auto Technologies Limited, formerly Shriram Pistons & Rings Limited, operates in the automotive components industry, with a focus on manufacturing engine-related parts such as pistons and piston rings for OEMs and aftermarket customers. The company accesses debt capital markets through listed, secured, rated, redeemable non-convertible debentures, primarily listed on the National Stock Exchange of India.
Average Trading Volume: 99,957
Technical Sentiment Signal: Buy
Current Market Cap: 144.6B INR
For detailed information about SHRIPISTON stock, go to TipRanks’ Stock Analysis page.