Steel Strips gains 8.5% on new export orders
The shares of Steel Strips Wheels gained as much as 8.5 per cent on Tuesday to Rs 394.80 Earlier, Steel Strips Wheels Ltd announced it had bagged expo16-06-2020
16-06-2020
STEEL STRIPS WHEELS LTD.-$ - 513262 - SSWL Receives New Orders For Close To Euro 221K From Europe
SSWL has bagged firm exports orders for over 36,000 wheels for EU Caravan & Truck Trailer Market to be executed in July & August from its Chennai plant. Adding new orders in its name, SSWL kick-starts operations in EU & US - a step towards normalization after the global pandemic of Covid-19. Additional orders for larger quantities are expected in coming weeks from several other regular customers. This order will additionally support production ramp-up of SSWL Chennai wheels plant.16-06-2020
STEEL STRIPS WHEELS LTD.-$ - 513262 - Production Resumption Update: Previous Guidance Upgraded 8%
In continuation with production resumption Update, this is to update that the momentum for all segment sales is continuing and the business is getting upwardly revised with contribution now coming from PV and 2/3 wheeler segment. The numbers now stand revised upwards from June to September and looks promising as we now expect to reach a gross revenue rate of Rs. 135-140crs by September 2020. This is 8% upwards revision in monthly Sales volume and Turnover. Revised July-September Volume Trends June-20 Jul-20 Aug-20 Sept-20 Total 700000 950000 1100000 117000015-06-2020
STEEL STRIPS WHEELS LTD.-$ - 513262 - Compliances-Reg.24(A)-Annual Secretarial Compliance
Dear Sir/Madam, In Compliance with the Regulation 24 A of the SEBI (LODR) Regulations, 2015, read with the SEBI Circular CIR/CFD/CMD1/27/2019 Dated February 8, 2019. Please find enclosed herewith the Annual Secretarial Compliance Report duly signed by Sh. Sushil Kumar Sikka (PCS), Proprietor of S. K. Sikka & Associates, Company Secretaries for the financial year ended 31st March 2020. This is for your information and records please.11-06-2020
STEEL STRIPS WHEELS LTD.-$ - 513262 - Production Resumption Update
This is to update that now all SSWL plants are functional and all plants are catering to customer demand based on each location. we expect capacity utilization improving steadily in all across the plants and finally reach 75% of pre-Covid levels of production by September 2020. The volume delivery will rise strongly going into September 2020. The numbers from June to September looks promising as we expect to reach a gross revenue rate of Rs. 125-130crs by September 2020.08-06-2020
Steel Strips Wheels share price up nearly 10% on order win
More orders are expected in the coming weeks from several regular customers, the company has said.03-06-2020
STEEL STRIPS WHEELS LTD.-$ - 513262 - Intimation Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 - Re-Appointment Of Directors Of The Company
Dear Sir, In continuation to our submission dated 29.05.2020 and pursuant to Regulation 30 of SEBI Regulations, we wish to submit the brief profile of following Directors whose re-appointment have been approved by the Board of Directors subject to the approval of the shareholders of the Company: - 1. Sh. Dheeraj Garg (DIN: 00034926): Re-appointed as Managing Director for a period of 5 years with effect from 01.06.2020 2. Sh. M.L. Jain (DIN: 00034591): Re-appointed as Executive Director for a period of 5 years with effect from 01.07.2020 The Brief profiles of the aforesaid Directors are enclosed. Kindly take the same on your records for reference.03-06-2020
STEEL STRIPS WHEELS LTD.-$ - 513262 - Announcement under Regulation 30 (LODR)-Resignation of Director
This is to inform you that Ms. Jaspreet Takhar (DIN: 00318883) has resigned as a nonexecutive, Independent Director of the Board on 29.05.2020. Ms. Jaspreet Takhar was initially appointed as Independent Woman Director of the Company on 30th March, 2015. The Directors have recorded their sincere appreciation for the services rendered and the guidance received from Ms. Jaspreet Takhar during her tenure as Independent Director. In accordance with the provisions of Schedule III, Part A of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, Ms. Jaspreet Takhar has resigned from the post of the Director of the Company due to unavoidable personal reasons as mentioned in her resignation letter. She further confirmed that there was no other material reason for her resignation other than that provided by her. This is for your information and records, please03-06-2020
STEEL STRIPS WHEELS LTD.-$ - 513262 - SSWL Receives New Orders For Close To Euro 335K From Europe & US
SSWL has bagged firm exports orders for over 8,000 wheels for EU & US Truck Trailer Market to be executed in June & July from its Chennai Truck Wheels plant. This marks beginning of orders for new semester for this year indicating re-start of operations in EU & US post COVID lockdown. Additional orders for larger quantities are expected in coming weeks from several other regular customers. This order will support gradual production ramp-up of SSWL Chennai Truck wheels plant post Covid19 shutdown.03-06-2020
STEEL STRIPS WHEELS LTD.-$ - 513262 - Outcome Of Meeting Of Board Of Directors Of The Company Held On 29.05.2020
1.Pursuant to Section 196, 197, 198 and 203 and other applicable provisions of the Companies Act 2013 and the rules made thereunder and based on the recommendation of the Nomination and Remuneration Committee, the Board considered and approved the Re-appointment of Sh. Dheeraj Garg, Managing Director of the Company, for a period of 5 years with effect from 01.06.2020, subject to the approval of shareholders. 2. Pursuant to Section 196, 197, 198 and 203 and other applicable provisions of the Companies Act 2013 and the rules made thereunder and based on the recommendation of the Nomination and Remuneration Committee, the Board considered and approved the Re-appointment of Sh. Manohar Lal Jain, Executive Director of the Company, for a period of 5 years with effect from 01.07.2020, subject to the approval of shareholders. 3.Cessation of Ms. Jaspreet Takhar from the post of Non-Executive Woman Independent Director by way of resignation due to personal reasons with effect from 29.05.202029-05-2020