Board Meeting11 May 2026, 09:01 pm
Shriram Pistons: Final Dividend of ₹5/Share; ₹10,000 Mn Fund Raise
AI Summary
Shriram Pistons & Rings Ltd's board approved audited financial results for the year ended March 31, 2026, and recommended a final dividend of ₹5 per equity share. This is in addition to the interim dividend already paid. The board also approved raising up to ₹10,000 million via QIP for debt repayment, capex, and general corporate purposes. Re-appointment of Directors Mr. Yasunori Maekawa and Mr. Pradeep Dinodia were also approved, subject to shareholder approval. M/s Chandra Wadhwa & Co. were appointed as Cost Auditor for FY 2026-27.
Key Highlights
- Final dividend of ₹5 per share recommended, in addition to the interim dividend.
- Approved raising up to ₹10,000 million via Qualified Institutions Placement (QIP).
- Re-appointment of Mr. Yasunori Maekawa and Mr. Pradeep Dinodia as Directors approved.
- M/s Chandra Wadhwa & Co. appointed as Cost Auditor for FY 2026-27.
- 62nd AGM to be held on July 27, 2026, via video conferencing.