Steel Strips Wheels Limited has informed the Exchange regarding Resignation of Mr Mohan Joshi as Executive Director of the company w.e.f. Jun 03, 2026.Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 {SEBI (LODR) Regulations, 2015), it is informed that Sh. Mohan Joshi, (DIN: 07526082), who occupies the post of Deputy Managing Director (Executive Director) of the Company, has tendered his resignation from the said post and directorship of the Company in order to attend to his personal health and dedicate himself more towards his family. The said resignation shall be effective from the close of business hours of 03.06.2026.
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Steel Strips Wheels Limited has informed the stock exchange that Mr. Mohan Joshi (DIN: 07526082), who serves as Deputy Managing Director (Executive Director) of the company, has resigned from his position. The resignation is due to personal health reasons and a desire to dedicate more time to his family. The resignation will take effect from the close of business hours on June 3, 2026. The disclosure has been made under SEBI LODR Regulations, 2015. The company has not yet announced a replacement for his role.
This is a senior leadership exit at the executive director level, which may create short-term uncertainty regarding continuity of operations and strategy. However, the reasons cited (personal health) are non-controversial, and the future effective date gives the company time to plan a successor, so any negative impact on the stock is likely to be limited.