Shriram Pistons & Rings Limited (SPRL) has entered into an Asset Purchase Agreement (APA) with Sunbeam Lightweighting Solutions Private Limited, a wholly-owned subsidiary of Craftsman Automation Limited, to purchase identified plant and machinery and related assets for its piston manufacturing line. The transaction, valued at ₹28 Crore plus applicable GST, aims to enhance SPRL's piston manufacturing capacity and improve operational efficiencies. The acquisition will be completed in two tranches, subject to customary closing conditions. This transaction is not considered a related party transaction and is being conducted on an arm's length basis. The details of the agreement were submitted to the National Stock Exchange of India Limited and BSE Limited on December 19, 2025.