Steel Strips Wheels bags order worth over EUR 2,53,000 from EU
In a regulatory filing, Steel Strips Wheels Ltd (SSWL) informed stock exchanges that the new export orders worth over EUR 2,53,000 from Europe will be executed in November and December from its Chennai plant.
STEEL STRIPS WHEELS LTD.-$ - 513262 - SSWL Receives New Orders For Over EUR 253K From Europe
SSWL confirms export orders of nearly 37,000 wheels for EU caravan trailer market, to be executed in the month of Nov & Dec from its Chennai plant. Orders of similar capacity are anticipated from the same customer base as businesses have picked up speed. STEEL STRIPS WHEELS LTD.-$ - 513262 - SSWL Receives New Orders For Over USD 128K From US & EU.
SSWL has bagged firm export orders for around 12,000 wheels for US & EU Caravan Trailer Market to be executed in the month of September and October from its Chennai plant. Inflow of more orders is expected to come from various other customers as the market gains stability. Production at the Chennai steel wheel plant will cross 100 percent utilization in both passenger and truck lines. STEEL STRIPS WHEELS LTD.-$ - 513262 - Announcement under Regulation 30 (LODR)-Change in Directorate
In continuation of our letter dated 24.08.2020 regarding 'Outcome of the Board Meeting' and pursuant to Regulation 30 of SEBI Regulations, we wish to inform you that the Board of Directors of the Company in its meeting held on 24.08.2020 has appointed Sh. Sanjay Garg (DIN: 00030956) as an Additional Director (in the category of Non-Executive Non-Independent Director) on the Board of the Company to hold office w.e.f 24.08.2020. Further, regularization of his appointment is being proposed and recommended to the shareholders for approval at the ensuing Annual General Meeting to hold office w.e.f. 24.08.2020 as Director (in the category of Non-Executive Non- Independent Director) of the Company. Relevant disclosure under Regulation 30 of SEBI Listing Regulations read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 09, 2015 concerning newly appointed director of the company is enclosed. STEEL STRIPS WHEELS LTD.-$ - 513262 - Compliance Under Regulation 23(9) Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015
Pursuant to Regulation 23(9) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith the statement showing disclosure of Related Party Transactions on a consolidated basis, for the half year ended, March 31, 2020, in the format specified in the relevant accounting standards. STEEL STRIPS WHEELS LTD.-$ - 513262 - E-Voting Facility, Fixation Of Cut-Off Date And Book Closure For Annual General Meeting (AGM).
This is to inform you that the 34th Annual General Meeting (AGM) through VC/OAVM of the Company is scheduled to be held on Wednesday, September 30, 2020. In compliance with the provisions of section 108 of the Companies Act, 2013 and Rule 20 of the Companies (Management and Administration) Rules, 2014 as amended from time to time and Regulation 44 of the Securities and Exchange Board of India (SEBI) (Listing Obligations and Disclosure Requirements), Regulations 2015, the Company will provide remote E-voting Facility to its members, to exercise their right to vote by electronic means for transacting the business at the 34th AGM of the Company. In addition to this, Members attending the AGM through VC/OAVM and who have not casted their vote through remote e-Voting and are otherwise not barred from doing so, shall be eligible to vote at the AGM through VC/OAVM via e-Voting facility. STEEL STRIPS WHEELS LTD.-$ - 513262 - Outcome Of Board Meeting
Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('SEBI Listing Regulations'), we wish to inform you that the Board of Directors of the Company at its meeting held today i.e. 24.08.2020, have interalia approved the following: 1. Took note of Secretarial Auditor''s Report for the financial year ended 31st March, 2020. 2. To appoint a Director in place of Sh. Manohar Lal Jain (DIN: 00034591), who retires by rotation and being eligible, offers himself for re-appointment subject to the approval of shareholders of the Company. 3.To appoint Smt. Deva Bharathi Reddy (DIN: 08763741), as Non-Executive, Independent Woman Director of the Company, to hold office for a period commencing from 01.08.2020 to 30.09.2024, subject to the approval of shareholders of the Company. The Board of Directors of the Company at its meeting held on 31.07.2020 had appointed Smt. Deva Bharathi Reddy as an Additional Director
Steel Strips Wheels share price rises 3% on new orders from Europe US
The share price surged 47 percent in the last 3 months. STEEL STRIPS WHEELS LTD.-$ - 513262 - SSWL Receives New Orders 57K USD Wheels From Europe & US
SSWL has bagged firm export orders for over 3,200 wheels for EU Truck and US Mobile Home Market to be executed in September from its Chennai plant. Total value is around 57K USD. Similar orders are expected in times to come from other regular customers as the market regains normalcy. Export growth is posed to accede 30 percent YOY in 2020-21. STEEL STRIPS WHEELS LTD.-$ - 513262 - SSWL Receives New Orders For Over 25000 Wheels From Europe
SSWL has bagged firm export orders for close to 25,000 wheels for EU Caravan Trailer Market to be executed in the month of Sept from its Chennai plant. Similar orders are expected in times to come from other regular customers as the market regains normalcy. The value is about 220000 euros. This will support further ramping up of production at Chennai steel wheels plant.