Interim report
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Oc tober 30, 2026 National Stock Exchange of India Limited (NSE) Exchange Plaza, Plot No. C/1, G Block Bandra-Kurla Complex Bandra (East), Mumbai 400051 NSE Symbol: SHRIPISTON BSE Limited (BSE) Phiroze Jeejeebhoy Towers, Dalal Street, Fort, Mumbai 400001 BS E Scrip code: 544344 Subject: Compliances under Regulation 30, 32, 33, 52, 54 read with Regulation 63 the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”) Ref.: Outcome of the Board Meeting held on October 30, 2026 Dear Madam/Sir, Th is is to inform you that the Board of Directors of the Company, at its meeting held today i.e. October 30, 2026, has, inter alia, considered and approved the following matters: Unaudi ted (Standalone & Consolidated) Financial Results Ap proved the Un audited (Standalone & Consolidated) Financial Results of the Company for the quarter and half year ended September 30, 2026. In this regard, please find enclosed the following: i) Un audited (Standalone & Consolidated) Financial Results of the Company for the quarter and half year ended September 30, 2026; ii) Limited Review Report issued by the Statutory Auditors on the Unaudited (Standalone and Consolidated) Financial Results of the Company for the quarter and half year ended September 30, 2026; iii) Statement of disclosures of line items pursuant to Regulation 52(4) of the SEBI Listing Regulations; iv) Statement under Regulations 52(7) & 52(7A) of the SEBI Listing Regulations; and v) Security Cover Certificate pursuant to Regulation 54 of the SEBI Listing Regulations as per the format prescribed under SEBI Circular, for the quarter ended September 30, 2026. vi) Statement of Deviation or Variation in the use of proceeds of Qualified Institutional Placement pursuant to Regulation 32(1) of the SEBI Listing Regulations Th e Board Meeting commenced at 4:15 p.m. and concluded at 5:00 p.m. Th is intimation is also being uploaded on the Company's website at https://shrirampistons.com. Ki ndly take the above information on record and treat this as compliance with SEBI Listing Regulations.
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Thanking you. Yours faithfully, For SPR Auto Technologies Limited (formerly Shriram Pistons & Rings Limited) (Nilesh Jain) Company Secretary & Compliance Officer Membership No.: F5113 Encl.: As above CC: Debenture Trustee AXIS TRUSTEE SERVICES LIMITED; Axis House, P B Marg, Worli, Prabhadevi, Mumbai, Maharashtra, India, 400025
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Independent Auditor’s Review Report on Standalone Unaudited Quarterly Financial Results and Year to Date Results of the Company pursuant to the Regulation 33 and Regulation 52 read with Regulation 63 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) To the Board of Directors of SPR Auto Technologies Limited (formerly Shriram Pistons & Rings Limited) 1. We have reviewed the accompanying statement of standalone unaudited financial results (‘the Statement’) of SPR Auto Technologies Limited (formerly Shriram Pistons & Rings Limited) (‘the Company’) for the quarter ended 30 September 2026 and the year to date results for the period 01 April 2026 to 30 September 2026, being submitted by the Company pursuant to the requirements of Regulation 33 and Regulation 52 read with Regulation 63 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) (‘Listing Regulations’). 2. The Statement, which is the responsibility of the Company’s management and approved by the Company’s Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, Interim Financial Reporting (‘Ind AS 34’), prescribed under section 133 of the Companies Act, 2013 (‘the Act’), and other accounting principles generally accepted in India and is in compliance with the presentation and disclosure requirements of Regulation 33 and Regulation 52 read with Regulation 63 of the Listing Regulations. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, Review of Interim Financial Information Performed by the Independent Auditor of the Entity, issued by the Institute of Chartered Accountants of India. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with the Standards on Auditing specified under section 143(10) of the Act, and consequently, does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. Walker Chandiok &.Co LLP Chartered Accountants Walker Chandiok & Co LLP L-41, Connaught Circus, Outer Circle, New Delhi - 110 001 India T +91 11 4500 2219 F +91 11 4278 7071 Offices in Ahmedabad, Bengaluru, Chandigam, Chennai, Dehradun, Goa, Gurugrarn, Hyderabad, Indore, Jaipur, Kocni, Kolka1a, Mumbai, New Delhi, Noida and Pune Walker ~ & Co LLP is registe wilh limited liability with identification number MC-2085 and has ~s regist office at L-41, Connaught Circus, Outer Circle, New Delhi, 110001, India
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Independent Auditor’s Review Report on Standalone Unaudited Quarterly Financial Results and Year to Date Results of the Company pursuant to the Regulation 33 and Regulation 52 read with Regulation 63) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) (cont’d) 4. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in Ind AS 34, prescribed under section 133 of the Act, and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in accordance with the requirements of Regulation 33 and Regulation 52 read with Regulation 63 of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement. For Walker Chandiok & Co LLP Chartered Accountants Firm Registration No: 001076N/N500013 Rahul Kool Partner Membership No.: 425393 UDIN: 26425393ZQMPJS5375 Place: New Delhi Date: 30 October 2026 Walker Chandiok &.Co LLP Chi11lt:1~d Acc.:ounuml:s
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SPR AUTO TECHNOLOGIES LIMITED (FORMERLY SH RI RAM PISTONS & RINGS LIMITED) Regd. Office: 3rd Floor, Himalaya House, 23, Kasturba Gandhi Marg, New Delhi - 11 o 001 Tel : •91 11 2331 5941, Website : www.1hrirampi1ton1.com E-mail: compliance.officer@shrirampistons .com. CIN: L29112DL 1963PLC004084 Statement of 1tandalone unaudited financial rHults for the quarter and alx month• ended September 30, 2028 (Amount In Rs. mllllon tXCtl>! oer th■ re det1ll1 Standalone 3 months ended 3 months ended 3 months ended Period ended Period ended Year ended Partlcu lara September 30, September 30, September 30, September 30, 2026 June 30, 2026 2025 2026 '2025 March 31, 2026 Unaudit•d Unaudited Unaudited Unaudited Unaudit ed Audited I ~ II Revenue from oo,,rations 10 262 9 416 8 730 19 678 17 086 35 266 Ill Other income 238 211 249 449 616 995 IV Total Income 111+1111 10 500 9 627 8 979 20 127 17 601 36 261 V ~ I a) Cost of malerials consumed 4,357 4,064 3,314 8,421 6,659 13,967 b) Purchases of stock-in-trade 307 235 214 542 422 863 c) Changes in inventories of finished goods. work-in- (16) (251) 93 (287) (144) (124) pr011ress and stock-In-trade d) Employee benefits expense 1,383 1,341 1,265 2,724 2,540 4,994 e) Finance costs 271 293 59 564 123 495 f) Depreciation and amortisation expenses 228 219 223 «7 440 888 lnl Other ex0enses 2 382 2 219 2 013 4 601 4020 8 123 Total excenaea 8 912 8 120 7 181 17 032 14 060 29 206 VI Profit before exceotlon1 I Item and tax UV•Vl 1688 1 507 1 798 3 095 3 541 7 055 VII Exceptlona l Item (refer note 6) . . 237 VIII Profit before tax IVI-VIII 1 588 1 507 1,798 3 095 3 541 6 818 IX Tax expense Current tax 413 399 467 812 925 1,808 Deferred tax (14) (11) (8) (25) (21) (68) Tax related lo earlier vears . . . (59) Total tax excenae 399 388 459 787 904 1,681 X Profit for t he cerlod / vear IVIII-IXl 1189 1 119 1 339 2 308 2 637 5 137 XI Other comprehen ■ ive Income A (i) Items that will not be reclassified to profit or loss a) Remeaaurements of the post 32 (4) 12 28 10 75 employment defined benefit plans b) Income tax relaUng to items that will not (8) 1 (2) (7) (2) (19) be reciasaifled to profit or loas B (I) Items that will be reclassified to profit or loss a) Fair value change of cash flow hedge (13) 34 (17) 21 (58) (29) b) Income tax relaling to Items that will be 3 (8) 5 (6) 15 7 reclassified to orofit or loss other compre henalve income 14 23 (2) 37 (35) 34 XII Total compre henalve Income for the period/ year 1,203 1,142 1,337 2,345 2,602 5,171 (X+X I) XIII Paid up equity share capital 464 440 440 484 440 440 (Face value of share - Rs 10 each) XIV Other equity (excluding revaluation reserves) NA NA NA NA NA 28,284 xv E1ming1 per equity 1hare ~ (Face .. ft~~-Rs 10 each) (not annualised) ~e,\-\NOLoQ 26.34 25.40 30.40 51.77 69.87 116.60 ~ I ~4'· -.~: l011S~<.f' 'J'b11uted -e C 26.34 25.40 30.40 61.77 69.87 116.60 j-c(ucov·v ~NOI0,1" ex::. -;:. ;-,"' ::; Contd .... 0,,:.., 17-, ~c; ' C'. u>* '<;;.0/) .., \~--" ,? ~ 0 SI GNE D FOR r ~ ;, ;;! ,;:. IDENT IFICATION q, Jo ,1,~✓ Qt\.'<' ~ ~ * "' PURPOSES -- 0
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Unaudited Standalone Statement of Ass ets and Liabilities as at September 30, 2026 (Amount In Rs. million) Standa lone PARTICULARS As at September 30, 2026 March 31, 2026 Unaudited Audited ASSETS Non-current assets a) Property, plant and equipment 5,262 , 5,152 b) Capital work-in-progress 100 180 c) Goodwill 15 15 d) Other Intangible assets 141 158 e) Right-of-use assets 790 797 f) Financial assets (i) Investments 23,765 23,76~ . (Ii) Loans 60 90 (Iii) Other financial assets 2,163 1,295 g) Other non-current assets 501 163 Currant assets a) Inventories 5,323 4,541 b) Financial assets (i) Investments 1,246 465 (ii) Trade receivables 6,161 5,667 (iii) Cash and cash equivalents 881 131 (iv) Other bank balances other than (iii) above 10,289 8,701 M Loans 30 30 (vi) Other financial assets 412 487 cl Other current assets 736 631 TOTAL ASSETS 57 875 52 268 EQUITY ANO LIABILITIES Equity a) Equity share capital 464 440 b) Other equity 40,387 28,381 Liabilities Non-current liabilities a) Financial liabilities (i) Borrowings 4,990 11,078 (II) Lease llabllltles 388 382 (Iii) Olher financial liabilities 15 19 b) Provisions 372 335 c) Deferred tax liabilities (net) 160 197 Current liablllties a) Financial liabilities (i) Borrowings 5,912 5.805 (ii) Lease liabilities 53 53 (iii) Trade payables • Total outstanding dues of mic<0 enterprises and small enterprises 85 183 • Total outstanding dues of creditors other than micro enterprises and small enterprises 3,385 3,693 (iv) Other financial liabilities 940 1,133 b) Other current liabilities 355 302 mvr~s 137 98 ~<.:,~ Or. liabilities (netl 232 169 /2:~•1,' '•,t~\ -\ TOTAL EQUITY AND LIABILITIES 57 875 52 268 .:::i .,_\ 1! r- <( "' .,!. .,,,. l □~NDIO,tfc> ::i,,.. (0 ...- ct. -;: ;::. =, Contd .... °"" # fr1 !:? 0 if)~ i • c::, ~ ,;: SI GNE D FO R -:( 0/) ";( ,~ ~·: i -: IVfV✓ 0\:.\-~\ * IDENTI FICATION ~,?,,_ PURPO SES C
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Unaudited Standalone Statement of Cash flows for the period ended September 30, 2026 A B. Particu lars Cash flow from operating activities Profit before tax Adiustments tor • Depreciation and amortisation expenses Finance costs Bad debts and advances written off Provision for doubtful debts (net)* Interest income Net gain on sale/fair valuation of current investments Unrealised exchange rate variation (net) Loss/ (profit) on sale/ disposal of property, plant and equipment Loss on cancellation of lease Operating profit before working capital changes Adjustments for: Movement in inventories Movement in trade receivables Movement in other financial assets and loans (current and non-current) Movement in other assets ( current and non-current) Movement in trade payables Movement in other financial liabilities (current and non-current) Movement in other liabilities and provisions (current and non-current) Cash generated from operations Income tax paid Net cash generated from operating activities Cash flow from Investing activities Interest received Sale of property, plant and equipment Investment in subsidiary (A) Purchases of property, plant and equipment (including capital work-in-progress and capital advances Purchases of intangible assets Purchases of current investments Proceeds from sale of current investments Investment In margin money with banks* Proceeds from redemption of investment in margin money with banks* Investment in deposit with banks Proceeds from redemption of deposit with banks Net cash used in investing activities (B) C. Cash flow from financing activities Repayment of principal portion of lease liabilities Reoavment of Interest portion of lease liabilities Interest paid on borrowings Proceeds from Issue of equity shares (including securities premium) Transaction costs related to qualified institutional placement Dividend paid Repayment of borrowings Movement in short-term borrowings (net) Net cash generated from/(used) In financing activities Net increase/ (decrease) in cash and cash equivalents (A+B+C) Cash and cash equivalents at the beginning of the period Cash and cash equivalents at the end of the period Components of cash and cash equivalents Cash in hand• Bal ori inal maturi less than 3 months (C) (Amount in Rs. million) Period ended September 30, 2026 September 30, 2025 Unaudited Unaudited 3,095 3,541 447 440 564 123 1 6 (0) (6) (340) (415) (41) (10) (24) (38) 1 (4) 2 3,705 3,637 (782) (146) (471) 10 85 23 (102) (72) (406) (222) (194) 76 124 (7) 1,959 3,299 749 721 1,210 2,578 391 435 2 20 (550} (789) (392} (6} (22} (6,212} (6,122) 5,472 4,515 (0) (24) 0 24 (7,857} (6,319) 5,370 6,084 (3,629) (2,351) (27) (28} (19) (13) (519) (108) 10,000 (119) (220) (220) (1 ,596) (141) 4 331 260 3,169 (250) 750 23 131 278 881 255 0 0 881 105 150 881 255 Contd ... SIGNED FOR ~ IDEN TIFICAT ION PURPOSES
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Noles : 1 During lho previous year, the Compony hos raised funds by issuance of non-c onvertible debent ures !NCO). which ore !isled on Nofiono f Stock Exchonoe of Indio llmiled. Disclosure pursuonf to Regulofion 5211.) and 54 of the Securities Exchange Board of India !Listing Obligations and Disclosure Roquiromonts) Regulation. 2015. las amended) is below : Particulars a) Net worth ( Rs. In millions) !Total equity less prefer ence share redemption reserve, capitol redemplion reserve and revoluat !on reserve) bl Net profit otter tax (Rs. In mllllons) c) Earnings per share (face value of • Rs. 10 each ) t la) Basic EPS lin Rs.) lb) Diluted EPS lin Rs.) d) Outstanding redHmable preference shares (quanNly and value) e) Capita! redemption reserve (Rs. In mltltons) t) Debt • equity ratio (In times) IINon -currenf borrowings + current borrowings )/ total equity] g) long term debt to w01klng capita! ratio (In times) I INon-currenf borrowings + non-current lease iabillties + current maturities of non current borrowings and lease fiabililles) / !current ossels • current liabilities) J h) Total d ebts to total assets ratio (In times) l(Non-curren l borrowings + current borrowings )/total assets) i) Debt service coverage ratio (In times) IINet prom after lax • finance cost • depreciation and amortization I /llnterest poymen t+prlndpo l repayment ot long term borrowing I) II Interest service coverage raffo (In times) !Earnings before finance costs, taxes. depreciation ond omorlisolion /finan ce costs) kl Current ratio (In limes) !Current assets/current llablll lies) I) Bad debts to accounts receivable ratio (In %) # !Provision tor bad ond doubllul debts/advances ond write offs, if any/overage trade rccelvobl e) m) Current llablllty raHo (In times) (Current liabllllles/lotal liobililies) n) Debtors' turnover (In lfmes) t (~evenue lrom operations /overage !rode receivables) o) Inventory turnover (In times)# (Revenue from operations /overage Inventory) p) OperaHng margin (In " l !Profit before deprec iation and amortisation. llnonce costs and lax loss other Income/ revenue horn operations) q) Net profit margin (In " l (Net profil ofter lox/revenue from operations) r) Security coverage ratio on secured non- convertible debe ntures (NCDs) (In times) els having pori-passu olance of NCDs and <J> .:::-, r;. 3 months ended Se ptember 30, 2026 40,581 1,189 26.34 26.34 Nil 0.27 0.75 0.19 0.97 7.70 2.26 0.00 0.65 1.74 2.08 18.02 11.58 1.39 3 months ended June 30. 2026 29,694 1.119 2~.40 25.40 NII 4 0.56 1.33 0.31 3.85 6.89 1.77 0.02 0,49 1.70 1.97 19.20 11.88 1.23 Standalone 3 mont hs ended September 30, 2025 26,203 1.339 30.40 30.40 Nil 4 0.14 0.09 0.10 12.51 35.23 2.51 0.11 0.85 1.70 2.04 7.0.98 15.34 NA Period e nded Septemb er 30, 2026 40,581 2,308 51.71 51.77 Nil 4 0.27 0.75 0.19 1.54 7.28 2.26 0.02 0.65 3.33 3.99 18.59 11.73 1.39 Period ended Septembe r 30. 2025 26,203 2.637 59.67 59.87 4 0.14 0.09 0.10 12.13 33.47 2.51 0. 11 0.85 3.32 4.00 21.01 15.44 NA SIGN ED FOR IDENTIFICATION PURPOSES Year ended Morch 31, 2026 28,552 5,137 116.60 116.60 Nil 4 0.59 1.31 0.32 7.79 16.57 1.81 0.11 0A9 6.53 8.07 20.43 14.57 1.24
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Notes: 2 The Company deals primarily in automotive component segment. 3 The above results hove been prepared in accordance with the recognition and measurement principles of the Companies (Indian Accounting Standards) Rules, 2015 (Ind AS) prescribed under seclion 133 of the Companies Act, 2013. 4 During the quarter ended September 30. 2026. the Company hos completed Qualified Institutional Placement (QIP) and hos allotted 23.36.448 fully poid-up equity shores of foce value Rs. 10/· each on August 20. 2026 lo eligible investors al on issue price of Rs. 4,280/· per equity shore (including o premium of Rs. 4.270/· per equity shore). aggregating to Rs. 10.000 million. in accordance with Chapter VI of the Securities ond Exchange Boord of Indio (Issue of Capitol end Disclosure Requirements) Regulations. 2018, as amended. and applicable provisions of the Companies Act. 2013. Out of the funds raised (net of issue expenses), Rs. 7,358 millions hos been utilized as per the objects of the issue as disclosed in the Placement Document and the balance proceeds of Rs. 2,512 millions hos been temporarily invested in approved financ ial instruments. pend ing utilization as on September 30. 2026. S The Government of Indio hos implemented the four Labour Codes (effec tive November 21, 2025. subsuming 29 lobour lows) and. based on draft rules/FAQs and best available information. the Company hos recognised on additional provision of Rs. 237 million and hos presented the some as on "exc eptional item " given its material. regulatory-driven and non-recurring nature during the previous year ended Morch 31. 2026. 6 The above results were reviewed and recommended by Audit Committee in its meeting held on October 30. 2026 and to~en on record by Boord of Directors of the Company in its meeting held on October 30. 2026. Place: Coimbatore Date : October 30. 2026 For and on behalf of the Boord of Directors {PREMPRA~ CHIEF FINANCIAL OFFICER (KRISHNAKUMAR SRINIVASAN) MANAGING DIRECTOR 1, CEO SIGN [D FOR IDENTIF ICATIO N PURPOSES
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Independent Auditor’s Review Report on Consolidated Unaudited Quarterly Financial Results and Year to Date Results of the Company pursuant to the Regulation 33 and Regulation 52 read with Regulation 63 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) To the Board of Directors of SPR Auto Technologies Limited (formerly Shriram Pistons & Rings Limited) 1. We have reviewed the accompanying statement of unaudited consolidated financial results (‘the Statement’) of SPR Auto Technologies Limited (formerly Shriram Pistons & Rings Limited) (‘the Holding Company’) and its subsidiaries (the Holding Company and its subsidiaries together referred to as ‘the Group’), (refer Annexure 1 for the list of subsidiaries included in the Statement) for the quarter ended 30 September 2026) and the consolidated year to date results for the period 01 April 2026 to 30 September 2026, being submitted by the Holding Company pursuant to the requirements of Regulation 33 and Regulation 52 read with Regulation 63 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) (‘Listing Regulations’). 2. This Statement, which is the responsibility of the Holding Company’s management and approved by the Holding Company's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, Interim Financial Reporting (‘Ind AS 34’), prescribed under section 133 of the Companies Act, 2013 (‘the Act’), and other accounting principles generally accepted in India and is in compliance with the presentation and disclosure requirements of Regulation 33 and Regulation 52 read with Regulation 63 of the Listing Regulations. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, Review of Interim Financial Information Performed by the Independent Auditor of the Entity, issued by the Institute of Chartered Accountants of India. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with the Standards on Auditing specified under section 143(10) of the Act, and consequently, does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. We also performed procedures in accordance with the circular issued by the SEBI under Regulation 33 (8) of the Listing Regulations, to the extent applicable. Walker Chandiok &.Co LLP Walker Chand iok & Co LLP L-41, Connaught Circus, Outer Circle, New Delhi -110 001 India T +91 11 4500 2219 F +91 11 4278 7071
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Independent Auditor’s Review Report on Consolidated Unaudited Quarterly Financial Results and Year to Date Results of the Company pursuant to the Regulation 33 and Regulation 52 read with Regulation 63 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) (cont’d) 4. Based on our review conducted and procedures performed as stated in paragraph 3 above , nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in Ind AS 34, prescribed under section 133 of the Act, and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in accordance with the requirements of Regulation 33 of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement. For Walker Chandiok & Co LLP Chartered Accountants Firm Registration No: 001076N/N500013 Rahul Kool Partner Membership No. 425393 UDIN: 26425393OVLDOD6525 Place: New Delhi Date: 30 October 2026 Walker Chandiok &.Co LLP Chaner&d Accountants
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Independent Auditor’s Review Report on Consolidated Unaudited Quarterly Financial Results and Year to Date Results of the Company pursuant to the Regulation 33 and Regulation 52 read with Regulation 63 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) (cont’d) Annexure 1 List of entities included in the Statement S.No. Name of the Holding Company 1. SPR Auto Technologies Limited (formerly Shriram Pistons & Rings Limited) Name of subsidiaries 2. SPR Engenious Limited 3. SPR EMF Innovations Private Limited (formerly EMF Innovations Private Limited) 4. SPR Takahata Precision India Private Limited (formerly Takahata Precision India Private Limited) 5. SPR TGPEL Precision Engineering Limited (formerly TGPEL Precision Engineering Limited) 6. Karna Intertech Private Limited 7. SPR Auto Interior Solutions Private Limited (formerly Grupo Antolin India Private Limited) (with effect from 08 January 2026) 8. SPR Auto Interior Solutions Chakan Private Limited (formerly Grupo Antolin Chakan Private Limited) (with effect from 08 January 2026) 9. SPR Auto Interior Lighting Solutions Private Limited (formerly Antolin Lighting India Private Limited (with effect 08 January 2026) Walker Chandiok &.Co LLP Chaner&d Accountants
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I II Ill IV V VI VII VIII IX X XI XII XIII XIV xv XVI XVII XVIII SPR AUTO TECHNOLOGIES LIMITED (FORMERLY SHRIRAM PISTONS & RINGS LIMITED) Rogd Otta 3td FlOOt. Hlffl•tar• HouMt. 23, Katturt>a Gandhi M1,g , Now O&:nt- 110 001 Tel •91112331594 1, Webs.1e v.-..wshrirampiSlonaeom E•mail compt,■nco. officerO•nt\rampiston.1 com. CIN. l291120L 19&3PLC004084 Statement or consolidated unaudijed financial re1utu for lhe quaner and 11, months ended Soptembor 30, 2028 Con,olldated I P1rtic:ul1rs 3 month• enct.d J 3 months ondod 3 month1 ended Period onded September 30, 2026 Juno 30. 2026 September 30. 2025 Soptombor 30, 2028 Unaudked Unaudrttd Unlueiled Unaudited IWml Revenue from ooeratl""'"' 1$482 ! 14 744 10 185 31 226 0:"'-1ocome 2S4 ! 248 262 512 Total Income 111+1111 16,748 14,992 10,427 31,738 ~ a) Cost ol maitnals con1umeo 8,591 7,628 4,205 16,226 b) Purchases of Slock•in•trado 307 235 214 542 c) Changes in inventories or finis~ goods. wotk-in-p,ogross (104) (341) 49 (4411) and stock-In-trade d) Employee benelrts oxpenu 1,788 1,6815 1,401 3,454 0) Finance COSIS 311 342 65 661 Q OepreaatiOn and amortisahOn expenses 555 634 326 1,089 a) nth6r IXnat\aAS 3,178 2,956 2.223 6,134 Tl'lltal exoen11a 14,817 13.040 6.503 27,657 Profrt before e•ceotlon11 1••-and 1.a, ,rv.v, 2,121 1,952 1,924 ,,OBI E,ceptlonal ham (refer note 5) Profl1 befote tu IVl,VIII 2,121 1,9S2 1,924 4,081 TaJCexpenH Curre,ntla)C 571 523 492 1,094 Otrerrea tax (85) 148) 11 (113) TIJ< related 10 eanier years Total tax tJtpanH soe 475 503 981 Prof rt for the DOrtod / . .. , IVlll ,IXI 1,823 1,477 1,421 3,100 Other comprehensive Income A (1) Item• that WIii not be recJ111,11ed lo prom or loss a) Aeme11ur1ment1 of the post Sil (4) 11 82 emt'lklvment dtfined benefit plans b) Income tax relating 10 1tem1 that wm not (18) 1 (3) (15) be rtclassrfled lo profit or loss B (ij Items 1h11 will be recJauified to prof rt or loss 1) Fair value Chang, of cailh flow hedge (12) 32 (15) 20 b) Income i.x relaMg 10 items 1h11 win be 3 (8) 5 (5) redas11tled to 0rof1t 0< Ion Other comprehensive Income 41 21 "' 82 TotaJ comp1'9hen1fv1 income tor the pertod I year IX+XI} 1,664 1,498 1,419 3,162 Pron, attrlbulable to : I) Owner1 or SPR Auto T&chnologies Llmrttd 1,585 1,444 1,399 3,029 b) Non-conuomng Interest 38 33 22 71 Other comprehln1lve Income •> Owners of SPR Auto Technolog1es llrn1ted '1 21 (2) 62 b) Non-conUolling inlerHI 0 (0) 0 (0) Total comprehen1tva Income 8) Owners ol SPR Aulo Technoiog,H Um:ttd 1,828 1,485 1,397 3,091 b) Non,controlting Interest 38 33 22 71 Paid up oqu1ty there caph1I 464 440 440 -(Face vltl\le of 1hare . Ra 10 tKh) Other eqwly (oxdud109 flVIIUltJOn fla&f'VH) NA NA NA NA E1mlng1 par equttv shirt (Face value of• Rs 10 each) (not annuahsed) B:~"'IC -~ I (1) D c.,r\NOLq,;,,' I 35.13 32 76 31.78 67.94 ln,1 35.13 32 78 31 76 87.94 j J:? :,'b~ ,nvn~ if ·'\fl \ ::::, ,l 1..;. ex: 't: .. - □~oro,1-"c I<(,._ ""~I !j 0 ., ~ -I ..,. ... <t=> ~~ di:!] - i:. SIGN ED FOR t J): IDENTIFIC ATION * q,) * ,~· * ~ PURPOSES ;J,£Woc.\.: ~~ ~ED A - (Amoult ln R,. mitlkln CIIIC.-' -r 1Mr. dlwih I Period ended Y■ar endtd Septamber 30, 2025 March 31. 2026 Unaudl:ed AY<lrtad 19 798 44 567 546 1,128 20,344 45,713 8,305 19,919 422 863 (2od) (20e) 2,825 5.759 175 822 841 1,466 4,422 9,494 11,590 37,937 3,754 7,775 271 3,754 7,505 971 1,974 13 (24) (59) 994 1,891 2,770 5,514 9 74 (2) (18) (54) (28) 15 7 1321 35 2,738 5,849 2,738 5,525 34 59 (33) 35 1 0 2,703 5,5e0 35 89 440 440 NA 28 473 62.11 125.43 52.11 125.43 Contd. l
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Unaudited Consolidated Statement of Assets and Llabllitlos as at September 30, 2026 PARTICULARS ASSETS Non-current •••eta a) Property, plan! and equipment b) Capital work-in-progress c) Goodwill d) Other Intangible assets e) Right-of-use assets I) Intangible a1sets under development g) Financial asse1s (i) Investments (ii) Loans (Ill) Other financial assets h) Deferred tax assets (net) I) Other non-current assets Current assets a) Inventories b) Financial assets (I) Investments (II) Trade receivables (iii) Cash and caSII equivalents (iv) Other bank balances other than (Iii) above (v) Loans (VI) Other financial assets c1 Other current anels EQUITY AND LIABILITIES Equity a) Equity share capllal b) Olher equity Equity attrib utable to owners of the Company Non-controlling lnteraat Total equity Non . Current llabllltl H a) Financial liabilities (I) Borrowings (II) Lease llabllitlo• (Iii) Other financial liabilities b) Provisions c) Deferred tax llabilitiea (net) d) Other non-currenl habilttles Current llabllltles a) Financial liabilit ies (i) Borrowings (II) Lease liabllltles (Iii) Trade payables TnTAL ASSETS • Total outslandlng dues Of micro enterprises and small enterprises • Total outstanding dues of creditors other than micro enlerprlses and small enlerprlses (Iv) Other financial llabillUes b) Olher current ltabililles (Amount In Ro million) Consolidated As at Septe mber 30, 2026 Mareh 31, 2026 Unaudited 10,119 508 13,226 3,048 3,233 560 107 80 2,619 118 890 7, 676 618 1, 9, 1, 459 682 11, 574 30 3 50 1,6 33 61 68,3 « 41,3 41,7 4 22 86 43 1,2 43,0 29 43 5,7 9 1 4 82 69 84 1,2 65 21 6,6 1 81 46 39 95 6,4 1,3& 1,09 8 4 4 29 27 1 1 D FOR Audite<I 10,079 so'! 13,226 3,269 3,186 453 107 90 1,995 104 423 6,237 1,241 8,330 1,047 9,311 30 554 1,337 Gt,526 440 28,570 29,010 1,172 30,182 12,000 911 174 451 1,368 22 6,667 107 402 6,424 1,569 807 268 174 61,526 Contd ... . ICAT ION OSES ·'• t ,--,.
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Unaudited Consolidated Statement of Cash flows for the period ended September 30, 2026 Particulars A Cash flow from operating activities Profit before tax Adiustments for : Depreciation and amortisation expenses Finance costs Bad debts and advances written off Provision for doubtful debts (net) Interest income Net gain on sale/fair valuation of current investments Unrealised exchange rate variation (net) Loss I (profit) on sale/ disposal of property, plant and equipment Liabilities/provisions no longer required written back• Loss on cancellat ion of lease Operating profit before working capital changes Adjustments for: Movement in Inventories Movement in trade receivables Movement in other financial assets and loans (current and non-current) Movement in other assets (current and non-current) Movement In trade payables Movement In other financial liabilities (current and non-current) Movement In other liabilities and provisions (current and non-current) Cash generated from operations Income tax paid Net cash generated from operating activities (A) B. Cash flow from Investing activities Interest received Sale of property, plant and equipment Investment in subsidiary (net of cash and cash equivalents acquired) Purchase of property, plant and equipment Purchase of other intangible assets Purchase of current Investments Proceeds from sale of current investments Investment in margin money with banks* Proceeds from redemption of investment in margin money with banks* Investment in deposit with banks Proceeds from redemption of deposit with banks Net cash used In Investing activities C. Cash flow from financing activities Repayment of principal portion of lease liabilities Repayment of interest portion of lease liabilities Interest paid on borrowings (B) Proceeds from issue of equity shares (including securities premium) Transaction costs.related to qualified institutional placement Dividend paid Proceeds from non-current borrowings Repayment of non-current borrowings Movement in short-term borrowings (net) Net cash generated from/ (used In) financing activities (C) Net Increase/ (decrease) In cash and cash equivalents (A+B+C) Cash and cash equivalents at the beginning of the period Cash and cash equivalents at the end of the period Components of cash and cash equivalents Cash in hand Balances with..Q_anks - Curr~WJ! S::--... • De ·, ·- :!.{o:\. .,th orioinal maturitv less than 3 months (Amount In Rs. million) Period ended September 30 2026 September 30 2025 Unaudited Unaudited SI GNE D FOR IDENTI FICATION PURPOSES 4,081 1,089 661 1 (1) (393) (67) (24) 1 (0) 2 5,350 (1,339) (1,385) 33 (207) 284 (160) 376 2,952 (971' 1,981 441 10 (1,442) (7) (10,000) 9,691 (0) 0 (8,571) 5,787 (4,091) (66) (58) (575) 10,000 (119) (220) (1,776) (4,441) 2,745 635 1 047 1 682 1,663 18 1 682 .•, Contd ... 3,754 641 175 6 (5) (449) (15) (38) (5) . . 4,064 (342) (82) 26 (271) (8) 82 35 3,504 (7681 2,736 449 22 (32) (854) (31) (9,959) 8,300 (24) 24 (6,736) 6,275 (2,566) (29) (16) (153) . . (220) 244 (279) 260 (193) 123' 421 398 1 247 150 398 I I I • · ~
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Noles: I During tho prev ious year. the Holding Company hos raised runds by i>suonce or non-converllb lo debenh,res (NCO). which ore listed on Notional Srock Exchange or Indio limited. Disclosure pursuonl lo Regulation 52(A) a-id s, of lhe Socuriries Exchange Boord or Indio (Listing Obllgol ions and Disclosuro Requirements) Regvlolion. 2015. (m amended) is below: Particulars oJ Net worth (Rs. In millions) (Total equity less prororen c o shore redemption roservo. capi tol redemplion reserve and revaluation reserve) b) Net proftt after tax (Rs. In mllnans) cJ Earnings per share (fac e value al • Rs. 10 each) f (a) Basic EPS (in Rs.J (b) Diluted EPS (in Rs.J di Oulslandlng redeemable preference shores (quantity and value) oJ Capttat rede mption reserve (Rs. In mllllons) I) Debt - equity ratio (In times) !(Non-current borrowings + currenr borrowings )/ lotol equity) g) long term debt to working capllal ratio (In ffmes) l{Non-current borrowings + non-current lease llobilillos + currenr moruriries of non current borrowings and lease ~abilities) / (current assets - current iabilltles) ) h) Total debts to tota l assets raflo (In times) l(Non-current borrowings + current borrowings )/total osselsl i) Debt service coverage raflo (In tfmes) !(Net prolit alter tax + finance cost + depreciation and amortization ) /(interest poymen t+principo l repayment of long term borrowing JI ii Interest service coverag e ratio (In times) (Earnings before finance cosls. loxes. depreclolion and omort~otlon /finance costs) k) Current ratio (In If mes) (Current assets/current Hobilitles) t) lod debts to accounts recefvab te ratio (In ~ )# ( Provision for bod and debls/odvonces and wrtte any/overage !rode receivable) mJ Current llabtllty ratio (In times) (Current llobllitles/ totol liobilil les) doubtful offs, II n) Debtors' turnover (In tlmes)f (~avenue from operations /overage trade recelvoblesl o) Inventory turnover (In lfmes)f (Revenue from operations /overage Inventory) p) Operating margin (In %) !Profit before depreciolion and omortlsotion, finonce costs and tax less othe r Income/reven ue tram operolions) q) Net prottt margin (In %) (Net prollt ofter lox/revenve from operations) r) Security coverage ratio on secured non• 3 months ended September 30, 2026 42.760 1.623 35.13 35.13 Nil 0.29 0.70 0.18 1.31 9.41 2.04 -0.00 0.66 1.85 2.39 16.62 9.85 convertlble debentures (NCOs) (In times) t .39 /, ~N'O~of assets having pori-possu I ~ ~@& ·~ '- . \ing b alance of NCDs and / ~ I) ,,i~ l8ElllJ~-'{J, \ --. I . - 3 months e nded June 30. 2026 31.413 1.477 32.78 32.78 Nil 0.58 1.19 0.29 ◄ . 41 8.26 1.69 O.D3 0.53 1.78 2.22 17.50 10.02 1.13 Consolldoled 3 months ended September 30, 2025 27.222 1.421 31.76 31.76 Nil 0.18 0.17 0.13 7.89 27.44 2.52 0.11 0.76 1.73 2.08 20.39 13.98 NA Period ended September 30, 2026 Period ended Year ended September 30• Morch 31. 2026 2025 42.760 3.100 67.94 67.94 Nil 4 0.29 0.70 0.18 1.99 8.82 2.0• 0.03 0.66 3.51 4.52 17.04 9.93 27.222 2.770 62.11 62.1 1 ·, Nil 4 0.18 0.17 0.13 7.90 26.08 2.52 0.12 0.76 3.37 4.04 20.33 13.99 1.39 NA SIGNED FOR IDENTIFICATION PURPOSES 29,913 5,614 125.43 125.43 Nil 4 0.62 1.19 0.30 6.26 15.46 1.71 0.11 0.52 6.29 8. 14 19.04 12.59 1.24
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Notes: 2 ihe Group deals primarily in automotive component segme"t. 3 The above results have been prepared in accordance wi1h the recogn ition ond measurement principles of the Companies (Indian Accounting Standards) Rules. 2015 (Ind ASI prescribed under section 133 of the Companies Act. 2013. 4 During lhe quorter ended September 30. 2026. the Holding Company has completed Qualified Institutional Placement (QIPJ and has allotted 23.36.448 fully paid-up equity shores of face value Rs. 10/- each on August 20. 2026 to eligible investors of an issue price of Rs. 4.280/- per equity shore (including a premium of Rs. 4.270/- per equity shore). aggregat ing lo Rs. 10.000 million. in accordance with Chapter VI of the Securities ond Exchange Boord of Indio {Issue of Capitol and Disclosure Requirements) Regulations. 2018. os amended. and applicable provisions of the Companies Act. 2013. Out of the funds raised (net of issue expenses). Rs. 7.358 millions has been utilized as per the objects of the issue os disclosed in the Placement Document ond the balance proceeds of Rs. 2.512 millions hos been temporarily invested in approved financial instruments. pending utilization os on September 30. 2026. • • 5 The Government of India has implemented the four Labour Codes (effective November 21. 2025. subsuming 29 labour lows) ond. based on droll rules/FAQs ond best ovailoble information, the Group has recognised on additional provision of Rs. 271 million ond hos presented lhe some os on "exceptional item" given its material. regula tory-driven and non-recurring nature during the previous year ended Morch 31. 2026. 6 The above results were reviewed ond recommended by Audit Committee in its meeting held on October 30, 2026 and token on record by Boord of Directors of the Holding Company in its meeting held on October 30. 2026. Place: Coimbatore Date : October 30, 2026 For ond on behalf of the Boord of Directors , ...... ~ CHIEF FINANCIAL OFFICER 0 ~ .,, * "'•ED~ (KRISHNAKUMAR SRINIVASAN) MANAGING OIIECTOR & CEO SIGN ED FOR IDENTIFICATION PURPOSES
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Statement of utilization of issue proceeds under Regulations 52(7) Name of the Issuer ISIN Mode of Fund Raising (Public issues/ Private placement) Type of instrument Date of raising funds Amount Raised (Rs. in crore) Funds utilized (Rs. in crore) Any deviation (Yes/ No) If (8) is Yes, then specify the purpose of for which the funds were utilized Remarks, if any (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) SPR Auto Technologies Limited (formerly Shriram Pistons & Rings Limited) INE526E07015 Private placement Listed, secured, rated, redeemable, noncumulative, nonconvertible debentures - Series I Debentures 7.30% February 23, 2026 500 500 No NA NA INE526E07023 Private placement Listed, secured, rated, redeemable, noncumulative, nonconvertible debentures - Series II February 23, 2026 500 500 No NA NA
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Debentures 7.35% Note: 1. NCDs are listed only on NSE 2. The funds were raised during the quarter ended March 31, 2026 and the same has been utilised during the said quarter. For SPR Auto Technologies Limited (formerly Shriram Pistons & Rings Limited) Name of Signatory: Prem Prakash Rathi Designation: Chief Financial Officer Date: October 30, 2026
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Statement of deviation/ variation in use of Issue proceeds under Regulations 52(7A): Particulars Remarks Name of listed entity SPR Auto Technologies Limited (formerly Shriram Pistons & Rings Limited) Mode of fund raising Private placement Type of instrument Listed, secured, rated, redeemable, non-cumulative, non-convertible debentures i.e. Series I Debentures and Series II Debentures Date of raising funds February 23, 2026 (for both Series I Debentures and Series II Debentures) Amount raised Series I Debentures - 7.30%: Rs. 500 crore (Rupees Five Hundred Crore) Series II Debentures - 7.35%: Rs. 500 crore (Rupees Five Hundred Crore) Report filed for quarter ended September 30, 2026 Is there a deviation/ variation in use of funds raised? No Whether any approval is required to vary the objects of the issue stated in the prospectus/ offer document? NA If yes, details of the approval so required? NA Date of approval NA Explanation for the deviation/ variation NA Comments of the audit committee after review NA Comments of the auditors, if any NA Objects for which funds have been raised and where there has been a deviation/ variation, in the following table:
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Original object Modified object, if any Original allocation (Rs. in crore) Modified allocation, if any Funds utilized (Rs. in crore) Amount of deviation/ variation for the quarter according to applicable object (in Rs. crore and in %) Remarks, if any The object of the Issue is to raise funds to be utilised towards: 1. Refinancing of the existing debt availed for acquisition of 100% stake in the three Indian entities of Spain’s Grupo Antolin viz. Antolin Lighting India Pvt Ltd, Grupo Antolin India Pvt Ltd. and its subsidiary Grupo Antolin Chakan Pvt Ltd (“Target Entities”) 1; 2. Balance if any towards payment of all fees, costs and other expenses in relation to the issue; and 3. General corporate purposes. NA Series I Debentures - 7.30%: Rs. 500 crore (Rupees Five Hundred Crore) NA Series I Debentures - 7.30%: Rs. 500 crore (Rupees Five Hundred Crore) NA No deviation or variation Series II Debentures - 7.35%: Rs. 500 crore (Rupees Five Hundred Crore) Series II Debentures - 7.35%: Rs. 500 crore (Rupees Five Hundred Crore) 1 Names of the Target Entities has been changed as below: - Antolin Lighting India Private Limited to SPR Auto Interior Lighting Solutions Private Limited (‘SPR Lighting’) (effective March 10, 2026) - Grupo Antolin India Private Limited to SPR Auto Interior Solutions Private Limited (‘SPR Interior) (effective March 11, 2026) - Grupo Antolin Chakan Private Limited to SPR Auto Interior Solutions Chakan Private Limited (‘SPR Chakan’) (effective March 11, 2026)
Page 22
Deviation could mean: a. Deviation in the objects or purposes for which the funds have been raised. b. Deviation in the amount of funds actually utilized as against what was originally disclosed. For SPR Auto Technologies Limited (formerly Shriram Pistons & Rings Limited) Name of signatory: Prem Prakash Rathi Designation: Chief Financial Officer Date: October 30, 2026
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Independent Auditor's Certificate pursuant to Regulation 54(1) and 56(1)(d) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended), and Regulation 15(1)(t)(ii)(a) of SEBI (Debenture Trustees) Regulations, 1993 (as amended) in respect of secured, rated, listed, redeemable, non-cumulative, non-convertible debentures of the face value of Rs. 1,00,000 each aggregating to Rs. 10,000 millions issued by the Company vide ISIN: INE526E07015 and INE526E07023 ('NCDs') To The Board of Directors SPR Auto Technologies Limited (formerly Shriram Pistons & Rings Limited) Third Floor, Himalaya House, 23 Kasturba Gandhi Marg, New Delhi, Delhi, 110001 1. This certificate is issued in accordance with the terms of our engagement letter dated 08 October 2026 with SPR Auto Technologies Limited (formerly Shriram Pistons & Rings Limited) ("the Company"). 2. The accompanying Statement containing details of NCDs of the Company outstanding as at 30 September 2026 along with security cover maintained against such NCDs (Section I) and details of compliance with the financial covenants as per the terms of debenture trust deed as included in Section II of the aforesaid statement (collectively hereinafter referred to as 'the Statement') has been prepared by the Company's management for the purpose of submission of the Statement along with this certificate to the Debenture Trustee of the Company, pursuant to the requirements of Regulation 54(1) and 56(1)(d) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) (‘SEBI LODR'), and Regulation 15(1)(t)(ii)(a) of SEBI (Debenture Trustees) Regulations, 2015 (as amended) (‘Debenture Trustees Regulations') (collectively referred to as 'the Regulations'). We have initialed the Statement for identification purposes only.
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Independent Auditor's Certificate pursuant to Regulation 54(1) and 56(1)(d) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended), and Regulation 15(1)(t)(ii)(a) of SEBI (Debenture Trustees) Regulations, 1993 (as amended) in respect of secured, rated, listed, redeemable, non-cumulative, non-convertible debentures of the face value of Rs. 1,00,000 each aggregating to Rs. 10,000 millions issued by the Company vide ISIN: INE526E07015 and INE526E07023 ('NCDs') (Cont’d) Chartered Accountants Management's Responsibility 3. The preparation of the Statement, including the preparation and maintenance of all accounting and other relevant supporting records and documents, is solely the responsibility of the Management of the Company. This responsibility includes the design, implementation and maintenance of internal control relevant to the preparation and presentation of the Statement and applying an appropriate basis of preparation; and making estimates that are reasonable in the circumstances. 4. The Management is also responsible for ensuring that the Company complies with the requirements of the Regulations and the debenture trust deed for the purpose of furnishing this Statement and for providing all relevant information to the Debenture Trustee. Auditor's Responsibility 5. Pursuant to the requirements of the Regulations, it is our responsibility to provide limited assurance in the form of a conclusion as nothing has come to our attention that causes us to believe that the details forming part of the accompanying Statement is in all material respects, is not in agreement with the unaudited financial information, underlying books of accounts and other relevant records and documents maintained by the Company for the period from 01 April 2026 to 30 September 2026, which have been subjected to limited review pursuant to the Regulation 33 and Regulation 52 read with Regulation 63 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended). 6. The unaudited standalone and consolidated financial information for the period ended 30 September 2026, as referred to in paragraph 5 above, have been reviewed by us on which we have expressed an unmodified conclusion vide our report dated 30 October 2026. Our review of these standalone and consolidated financial information were conducted in accordance with the Standard on Review Engagements (SRE) 2410, Review of Interim Financial Information Performed by the Independent Auditor of the Entity, issued by the Institute of Chartered Accountants of India. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with the Standards on Auditing specified under section 143(10) of the Act, and consequently, does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. 7. The columns with respect to market value of assets (columns L to P) of the Section I of accompanying Statement are not covered by this certificate and no procedures have been performed by us on such information as per our terms of engagement. 8. We conducted our examination of the Statement, on a test check basis, in accordance with the Guidance Note on Reports or Certificates for Special Purposes (Revised 2016) ('the Guidance Note'), issued by the Institute of Chartered Accountants of India ('the ICAI'). The Guidance Note requires that we comply with the ethical requirements of the Code of Ethics issued by the ICAI 9. We have complied with the relevant applicable requirements of the Standard on Quality Control (SQC) 1 Quality Control for Firms that Perform Audits and Reviews of Historical Financial Information, and Other Assurance and Related Services Engagements, issued by the ICAI.
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Independent Auditor's Certificate pursuant to Regulation 54(1) and 56(1)(d) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended), and Regulation 15(1)(t)(ii)(a) of SEBI (Debenture Trustees) Regulations, 1993 (as amended) in respect of secured, rated, listed, redeemable, non-cumulative, non-convertible debentures of the face value of Rs. 1,00,000 each aggregating to Rs. 10,000 millions issued by the Company vide ISIN: INE526E07015 and INE526E07023 ('NCDs') (Cont’d) Chartered Accountants 10. The procedures performed in a limited assurance engagement vary in nature and timing from, and are less in extent than for, a reasonable assurance engagement; and consequently, the level of assurance obtained in a limited assurance engagement is substantially lower than the assurance that would have been obtained had a reasonable assurance engagement been performed. The procedures selected depend on the auditor’s judgement, including the assessment of areas where a material misstatement of the subject matter information is likely to arise. We have performed the following procedures in relation to the Statement: a) Verified the details of security cover and financial covenant criteria from the debenture trust deed; b) Traced the amounts used in column C to K in computation of security cover ratio from the unaudited reviewed standalone financial information, underlying books of account and other relevant records and documents maintained by the Company as at and for the period ended 30 September 2026; c) Recomputed the security coverage ratio based on the information as obtained in the point (a) and (b) above; d) Verified that the computation of financial covenants as at 30 September 2026 is in accordance with the basis of computation as mentioned in Section II of the accompanying Statement/debenture trust deed, and the amounts used in such computation have been accurately extracted from unaudited reviewed consolidated financial information, underlying books of account and other relevant records and documents maintained by the Company as at and for the period ended 30 September 2026; e) Obtained necessary representations from the management; and f) Verified the arithmetical accuracy of the Statement. Conclusion 11. Based on the procedures performed as above, evidences obtained, and the information and explanation provided to us along with the representations provided by the Management, nothing has come to our attention that causes us to believe that the details forming part of the accompanying Statement is, in all material respects, not in agreement with the unaudited standalone and consolidated financial information, underlying books of accounts and other relevant records and documents maintained by the Company for the period from 01 April 2026 to 30 September 2026, which have been subjected to limited review pursuant to the Regulation 33 and Regulation 52 read with Regulation 63 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended). (This space has been intentionally left blank)
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Independent Auditor's Certificate pursuant to Regulation 54(1) and 56(1)(d) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended), and Regulation 15(1)(t)(ii)(a) of SEBI (Debenture Trustees) Regulations, 1993 (as amended) in respect of secured, rated, listed, redeemable, non-cumulative, non-convertible debentures of the face value of Rs. 1,00,000 each aggregating to Rs. 10,000 millions issued by the Company vide ISIN: INE526E07015 and INE526E07023 ('NCDs') (Cont’d) Chartered Accountants Restriction on distribution or use 12. Our work was performed solely to assist you in meeting your responsibilities in relation to your compliance with the requirements of the Regulations and Debenture Trustee. Our obligations in respect of this certificate are entirely separate from, and our responsibility and liability are in no way changed by, any other role we may have as statutory auditors of the Company or otherwise. Nothing in this certificate, nor anything said or done in the course of or in connection with the services that are the subject of this certificate, will extend any duty of care we may have in our capacity as statutory auditors of the Company. 13. The certificate is addressed to and provided to the Board of Directors of the Company solely for the purpose of enabling it to comply with the requirements of the Regulations and Debenture Trustee, which inter alia, require it to submit this certificate along with the accompanying Statement to the Stock exchange and Debenture Trustee of the Company, and therefore, this certificate should not be used, referred to or distributed for any other purpose or to any other party without our prior written consent. Accordingly, we do not accept or assume any liability or any duty of care for any other purpose or to any other party to whom this certificate is shown or into whose hands it may come without our prior consent in writing. For Walker Chandiok & Co LLP Chartered Accountants Firm's Registration No.: 001076N/N500013 Rahul Kool Partner Membership No.: 425393 UDIN: 26425393XGIEAB9023 Place: New Delhi Date: 30 October 2026
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STATEMENT ON DEVIATION OR VARIATION FOR PROCEEDS OF QUALIFIED INSTITUTIONS PLACEMENT UNDER REGULATION 32(1) OF THE SEBI (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015 Name of listed entity SPR Auto Technologies Limited (formerly Shriram Pistons & Rings Limited) Mode of Fund Raising Public Issues/Rights Issues/ Preferential Issue/ QIP/ Others Description of mode of fund raising (Applicable in case of others is selected) Not Applicable Date of Raising Funds Issue open date: August 17, 2026, Issue closing date: August 20, 2026 Date of allotment: August 20, 2026 Amount Raised Rs. 10,000 Million (Rupees Ten Thousand Million) Report filed for Quarter ended 30-09-2026 Monitoring Agency Applicable Monitoring Agency Name, if applicable India Ratings & Research Private Limited Is there a Deviation / Variation in use of funds raised Yes/No If yes, whether the same is pursuant to change in terms of a contract or objects, which was approved by the shareholders Not Applicable If Yes, Date of shareholder Approval Not Applicable Explanation for the Deviation / Variation Not Applicable Comments of the Audit Committee after review Not Applicable Comments of the auditors, if any Not Applicable Objects for which funds have been raised and where there has been deviation, in the following table: S.No. Original Object Modified Object, if any Original Allocation (Amount in Rupees Million) Modified allocation, if any Funds Utilised (Amount in Rupees Million) Amount of Deviation/V ariation for the quarter according to applicable object Remarks if any 1 Repayment and/or pre- payment of certain outstanding borrowings, in part or in full, availed by our Company Not Applicable 7,370.00 Not Applicable 4,857.91 Not Applicable See note below 2 General Corporate Purposes Not Applicable 2,500.00 Not Applicable 2,500.00 Not Applicable - 3 Issue related expenses Not Applicable 130.00 Not Applicable 123.25 Not Applicable See note below Note: Pending actual utilisation, the unutilised funds have been temporarily parked in scheduled commercial banks
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Deviation or variation could mean: (a) Deviation in the objects or purposes for which the funds have been raised or (b) Deviation in the amount of funds actually utilized as against what was originally disclosed or (c) Change in terms of a contract referred to in the fund raising document i.e. prospectus, letter of offer, etc. For SPR Auto Technologies Limited (formerly Shriram Pistons & Rings Limited) (Prem Prakash Rathi) Chief Financial Officer