SPR Auto Technologies544344Routine SEBI update

Monitoring Agency Report on QIP proceeds use for quarter ended September 30, 2026

Monitoring Agency Report for the quarter ended September 30, 2026 on use of QIP proceeds.

By ScoutQuest · Sat 31 Oct 2026, 9:57 PM IST · 2 min read

QIP Issue Size: INR 10,000.00 Millions; 23,36,448 shares at ₹4,280.00 each
Amount Utilised till Sep 30, 2026: 7,481.16 (INR Millions)
Amount Unutilised: 2,518.84 (INR Millions)

Quarterly check on how the QIP money is being used

SPR Auto Technologies (formerly Shriram Pistons & Rings) has shared the Monitoring Agency Report prepared by India Ratings & Research for the quarter ended September 30, 2026, covering the proceeds of its Qualified Institutions Placement (QIP). The report records no deviation from the objects stated in the offer document.

What was raised

Issue period: 17th August 2026 to 20th August 2026
23,36,448 Equity Shares of FV ₹10 each at ₹4,280.00 per Equity Share
Issue size: INR 10,000.00 Millions

Where the money was meant to go

Repayment and/or pre-payment of certain outstanding borrowings: 7,370.00 (INR Millions)
General Corporate Purposes: 2,500.00 (INR Millions)
Issue related expenses: 130.00 (INR Millions)
Total: 10,000.00 (INR Millions)

How much has been used till September 30, 2026

Total utilised: 7,481.16 (INR Millions)
Repayment of borrowings: 4,857.91 (INR Millions) used; 2,512.09 (INR Millions) unutilised
General Corporate Purposes: 2,500.00 (INR Millions) used in full
Issue related expenses: 123.25 (INR Millions) used; 6.75 (INR Millions) unutilised
Total unutilised: 2,518.84 (INR Millions)

Where the unutilised money sits

Fixed deposit with Axis Bank: 1,770.00 (INR Millions), maturity 23-Aug-2027, annual return 6.95%
Balance in Axis Bank Monitoring A/c: 0.09 (INR Millions)
Balance in HDFC Bank a/c: 748.75 (INR Millions)
Total: 2,518.84 (INR Millions)

The Board's comment on the unutilised amount is that it will be utilised in the subsequent period.

What the General Corporate Purpose money was spent on

Vendor Payments: 1,577.91 (INR Millions)
Advance Income Tax: 450.00 (INR Millions)
Finance Cost - NCD Interest: 184.64 (INR Millions)
Salary & Wages: 170.00 (INR Millions)
Electricity Payment: 65.10 (INR Millions)
Royalty Payment: 52.35 (INR Millions)
Total: 2,500.00 (INR Millions)

Timelines mentioned in the report

Repayment of borrowings: completion shown as Fiscal 2027 - INR 5,599.71 Mn and Fiscal 2028 - INR 1,770.29 Mn, status Ongoing, delay marked Not Applicable
General Corporate Purposes: completion by 30th Sep'26, delay marked Not Applicable

What this means for a retail reader

This is a periodic account of how the QIP money is being spent. The report shows no change in the stated use of funds, no deviation from objects, and no favourable or unfavourable event flagged as affecting the viability of the objects. Of the INR 10,000.00 Millions raised, 7,481.16 (INR Millions) had been used by quarter end, while 2,518.84 (INR Millions) was still unutilised and held in a bank fixed deposit and bank accounts. The bulk of the pending spending relates to the repayment of borrowings, which the report shows as ongoing.

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