Steel Strips Wheels Limited has informed the Exchange regarding 'The Board approved the amendment in Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information ( Code of Fair Disclosure ) incorporating the recent amendments to SEBI (PIT) Regulations, 2015. A copy of same is enclosed herewith as Annexure-F.'.
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Steel Strips Wheels Limited's Board, meeting on August 1, 2025, approved the unaudited financial results (standalone & consolidated) for Q1 FY26 (quarter ended June 30, 2025). The Board approved a proposal to set up a wholly owned subsidiary in the European Union, marking a significant geographic expansion move. Re-appointments were cleared for Chairman Rajinder Kumar Garg, Executive Director Manohar Lal Jain (both retiring by rotation), and Independent Director Siddharth Bansal for a second 5-year term effective October 1, 2025. Sushil Kumar Sikka was appointed as Secretarial Auditor for 5 years and also as Scrutinizer for the AGM. The Board also amended its Code of Fair Disclosure to align with the latest SEBI (PIT) Regulations, 2015 changes. The 39th AGM is scheduled for September 30, 2025, with the cut-off date for dividend and e-voting set as September 23, 2025.
The EU subsidiary proposal signals international expansion ambitions, which could be a positive growth catalyst if executed well. Q1 FY26 results and the dividend eligibility cut-off date (September 23, 2025) are key near-term triggers for shareholders to watch.