Subros shares rose as much as 10% to an intraday high of ₹678.80 on October 28, 2026, after the company announced an approximately ₹1,225 crore supply award from Maruti Suzuki India.

Key Takeaways

  • The award covers HVAC assemblies for Maruti Suzuki’s YM3 and YU0 models.
  • The estimated value spans the models’ approximately seven-year lifecycle, rather than a single year.
  • Subros said the related-party transaction would be conducted on an arm’s-length basis.

Subros shares gain on supply award

Subros said deliveries will begin with the respective start of production for the two models, in line with the customer’s milestones. The award was made under the existing Basic Purchase Agreement with Maruti Suzuki.

The company said the business is expected to support growth and strengthen its presence in India’s western region. Its automotive HVAC systems provide heating, ventilation and air conditioning for passenger cabins.

Transaction terms and stock context

Subros said the contract falls under related-party transaction provisions but will be executed on an arm’s-length basis. It also said its promoters, promoter group and group companies have no interest in the awarding entity.

Despite the intraday rise, Subros shares had declined around 45% over the preceding year. The stock’s 52-week high was ₹1,161.

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