Shriram Pistons & Rings on Friday informed stock exchanges that it has entered into an asset purchase agreement to acquire identified plant and machinery forming part of a piston manufacturing line for a total consideration of Rs 28 crore.
In a regulatory filing dated December 19, 2025, the company said the agreement has been signed with Sunbeam Lightweighting Solutions, a wholly owned subsidiary of Craftsman Automation. The transaction involves the purchase of specific plant and machinery and related assets on a piecemeal basis and does not include acquisition of the seller entity or any equity interest.
According to the disclosure, the proposed transaction is aimed at strengthening and expanding Shriram Pistons & Rings’ existing piston manufacturing operations. The company stated that the acquisition is aligned with its principal line of business and is expected to enhance manufacturing capacity and improve operational efficiencies.
The consideration of Rs 28 crore, excluding applicable GST, will be discharged in cash as per the terms of the asset purchase agreement. The transaction is structured to be completed in two tranches and is subject to the fulfilment of customary conditions precedent, including representations, warranties, indemnities, and non-compete obligations.
Shriram Pistons & Rings clarified that the transaction does not qualify as a related-party transaction and has been undertaken on an arm’s length basis. The promoter, promoter group, and group companies of the firm do not have any interest in the seller entity.
The disclosure was made under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations and relevant SEBI master circulars.
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