Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations, 2011
Dheeraj Garg has submitted the disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 to BSE19-07-2016
19-07-2016
Board Meeting Intimation for Results & Closure of Trading Window
Steel Strips Wheels Ltd has informed BSE that the next meeting of the Board of Directors of the Company is scheduled to be held on July 27, 2016, inter alia, to consider and approve the un-audited Financial Results for the quarter ended June 30, 2016.Further, as per the provisions of the Company's Code for prevention of Insider Trading, the Trading Window for dealing in the securities of the Company shall remain closed for the directors and...19-07-2016
Shareholding for the Period Ended June 30, 2016
Steel Strips Wheels Ltd has submitted to BSE the Shareholding Pattern for the Period Ended June 30, 2016. For more details, kindly Click here14-07-2016
Statement of Investor Complaint under Reg. 13(3) of SEBI (LODR) Regulations, 2015 for Quarter ended June 30, 2016
Steel Strips Wheels Ltd has informed BSE regarding Quarterly Statement on Investor Complaints / Grievances Redressal Mechanism for the Quarter ended June 30, 2016, under Regulation 13(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.14-07-2016
Positive growth in all segments of vehicle categories benefiting Steel Strips Wheels
Investors in Steel Strips Wheels, a manufacturer of wheel rims for vehicles, may have a reason to cheer. Expected positive growth in all segments of vehicle categories is seen benefiting the company, which derives nearly 66% of sales volumes from passenger cars, about 20% from two-wheelers and the remaining from tractors and commercial vehicles. Over the last few years, there has been a huge variation in growth in the verticals Steel Strips services. However, an ETIG analysis shows that it may change in the current fiscal as all verticals are expected to record positive growth, while an increase in the proportion of contribution from heavy rims on account of rising demand from the commercial vehicles and tractors segments is expected to boost the company's average realisation. In view of this, Steel Strips Wheels has been guiding for 11-13% growth in volume in FY17 (as compared with 5% in FY16), while revenue growth is expected to touch 20% in the same period. In the current year, tractor growth is expected to pick up on a good monsoon and commercial vehicle sales are likely to remain 10-15%, aiding its realisation. CV sales contributed 12% of the total volume in FY16 and are expected to touch 15% in FY17. A set of tractor rims sold for Rs 4,000-5,000, while CV rims fetched Rs 4,000 per tyre, car rims sold for Rs 700-800 each and scooter rims went for Rs 350. In addition to this, the company will benefit from lower fixed cost per unit production as utilisation level goes...11-07-2016
Positive growth in all segments of vehicle categories benefiting Steel Strips Wheels
The company could see robust revenues and margins if its bet on capacity expansion to manufacture alloy wheels pays off.11-07-2016
Postponement of Board Meeting
With reference to the earlier letter dated June 29, 2016 regarding Board Meeting scheduled on July 15,2016, inter alia, to approve Unaudited Financial Results for the quarter ended June 30, 2016, Steel Strips Wheels Ltd has now informed BSE that the Board Meeting as above has been postponed till further notice.Hence, the trading window for dealing in the securities of the Company may be opened till further notice.06-07-2016
Outcome of Board Meeting (Allotment of Equity Shares)
Steel Strips Wheels Ltd has informed BSE that the Board of Directors of the Company at its meeting held on July 02, 2016 has approved an allotment of 53375 Equity shares Rs.10/- each for cash, at an exercise price of Rs. 100/- per share to the employees of the Company upon exercise of their options under "ESOS 2014" Employee Stock Option Scheme of the Company.The paid up Equity share capital of the Company will accordingly increase from Rs. 154686950/- to Rs. 155220700/-.02-07-2016
SSWL registers 13% monthly sales volume growth in June 2016
Steel Strips Wheels Ltd has informed BSE regarding "SSWL registers 13% monthly sales volume growth in June 2016".01-07-2016
Board Meeting Intimation for Results & Closure of Trading Window
Steel Strips Wheels Ltd has informed BSE that the next meeting of the Board of Directors of the Company is scheduled to be held on July 15, 2016, inter alia, to consider and approve the un-audited Financial Results for the quarter ended June 30, 2016.Further, as per the provisions of the Company's Code for prevention of Insider Trading, the Trading Window for dealing in the securities of the Company shall remain closed for the directors and...30-06-2016