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SPR Auto Technologies has entered into a Share Subscription Agreement (SSA) and a Shareholders' Agreement (SHA) with Sunsure Solarpark Forty (Sunsure Solarpark) and Sunsure Energy (Sunsure Energy) for an aggregate investment of up to Rs 6 crore, by way of subscription to equity shares representing approximately 23.21% of the paid-up equity share capital (on a fully diluted basis) of Sunsure Solarpark, along with other captive shareholders (if any), for the purpose of a group captive solar power project, in accordance with the Electricity Act, 2003.
The Company has, simultaneously, also entered into a Power Purchase Agreement dated 25 August 2026 with Sunsure Solarpark for procurement of solar power from the aforesaid project, for the Company's manufacturing facility at Pathredi, Rajasthan.
The floor price of Rs 4,438.20 per share is at a discount of 0.14% to the scrip's previous closing price of Rs 4,444.25 on the BSE.
The company may offer a discount of not more than 5% on the floor price so calculated for the issue. The issue price will be determined in consultation with the bookrunning lead managers appointed for the issue. The company proposes to issue equity shares through the QIP for an aggregate amount of up to Rs 1,000 crore, inclusive of such premium as may be fixed, if any.
SPR Auto Technologies is primarily engaged in the manufacturing of pistons, piston pins, piston rings and engine valves for various automotive companies in the domestic and export markets.
The company’s consolidated net profit jumped 8% to Rs 144.40 crore on a 53.06% surge in revenue from operations to Rs 1,474.40 crore in Q4 FY26 over Q4 FY25.
For the full year,net profit rose 9.06% to Rs 552.50 crore in the year ended March 2026 as against Rs 506.60 crore during the previous year ended March 2025. Sales rose 25.60% to Rs 4458.70 crore in the year ended March 2026 as against Rs 3549.80 crore during the previous year ended March 2025.