STEEL STRIPS WHEELS LTD.-$ - 513262 - Disclosures under Reg. 29(1) & 29(2) of SEBI (SAST) Regulations, 2011
The Exchange has received the disclosure under Regulation 29(1) & 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Sunena Garg Steel Strips Wheels bags exports order worth 24 crore
Steel Strips Wheels has bagged exports order worth $3.5 million (about 24 crore) for truck & trailer aftermarket from the US. The order comprises STEEL STRIPS WHEELS LTD.-$ - 513262 - SSWL Wins New Export Order Worth 3.5 Million Dollars
SSWL is glad to inform that it has bagged Exports order for Truck & Trailer Aftermarket from USA. Order comprises of supplies of close to 70,000 Truck Steel Wheels to be executed in a span of 12 months. Dispatches have already started from Chennai from this month. Total revenue generated by this order would be close to USD 3.5 Million. This big repeat order marks SSWL''s strengthening its position as one of leading suppliers in the high potential NA Truck steel wheels market. SSWL is in discussions with other large truck & trailer makers in USA and expects to close similar big contracts in this segment in near future. STEEL STRIPS WHEELS LTD.-$ - 513262 - Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
We herewith enclose a Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended 30th June, 2019 received from M/s. Link Intime India Pvt. Ltd., Registrar and Share Transfer Agent of our company. Kindly take the same on your records please. Steel Strips Wheels Ltd - 513262 - Announcement under Regulation 30 (LODR)-Newspaper Publication
In compliance to Regulation 47 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 please find enclosed a copy of advertisement published in the newspapers regarding Un-Audited Financial Results for the Quarter ended 30.06.2019. The advertisement is published, one in English language national daily newspaper (Financial Express) and one in Punjabi language newspaper (Desh Sewak Punjab), in the region, where our registered office is situated. Kindly take the same on your records for reference.
Steel Strips Wheel says shutdown by auto firms in June impacted results
Steel Strips Wheel announced results that showed weakening performance, with net profit falling both YoY and QoQ by 32% and 26% respectively. The company said demand has been considerably impacted by a shutdown from car manufacturers throughout the month of June, which are struggling with excess inventory and slowing demand. SSWL is expecting auto demand to restore to normal levels in July, The company saw sharp double digit declines in car, tractor and truck growth. The company noted that the PAT includes the increase in depreciation from last year of Rs 2.48 crore on account of the Mehsana alloy wheel plant. SSWL also insisted that Q2 of FY20 is set to be a strong quarter for the company, and that 'the export segment will make good for the entire loss of production of domestic car and 2-3 wheelers' and 'will ensure 100% utilization of the production facilities'. Overall in the June quarter, the company said, exports grew 143% YoY, For the full results dashboard click here. Segment June Growth (YoY) - month available. Full segment results yet to be released Passenger Car -22% Exports +91% Tractor -28% Truck -28% 2 & 3 Wheelers -9% Overall -10% Steel Strips Wheels Ltd - 513262 - Outcome Of Meeting Of Board Of Directors Of The Company.
Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('SEBI Regulations'),Attached please find the outcome of the meeting of the Board of Directors of the Company held today i.e. on 08.07.2019 STEEL STRIPS WHEELS LTD.-$ - 513262 - Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate
We wish to inform you that, pursuant to Regulation 39(3) of SEBI Listing Regulations, the Company has received the following communication from the shareholder of the Company regarding loss of share certificates: S. No Name of Shareholder Folio No of Shares Distinctive Nos Certificate No. From To 1. SUMANBHAI KESHAVLAL DESAI 0000875 50 4145351 4145400 36093 The Company shall approve and issue duplicate share certificates upon satisfaction of all the necessary documents required for processing the request. Kindly take the same on your records please. Steel Strips Wheels Ltd - 513262 - Statement Of Investor Complaints For The Quarter Ended June 2019
No.of Investor complaints pending at the beginning of the quarter No.of Investor complaints received during the quarter No.of Investor complaints disposed of during the quarter No.of Investor complaints unresolved at the end of the quarter 2121 Name of the Signatory :- Shaman JindalDesignation :- Company Secretary and Compliance Officer STEEL STRIPS WHEELS LTD.-$ - 513262 - SSWL JUNE SALES HIGHLIGHT
SSWL achieved June 2019 total wheel rim sales of 11.28 Lacs Vs 12.66 Lacs in June 2018 representing a de-growth of 10% YoY. The June month had a shutdown coupled with major inventory reduction exercise going on at all car manufacturer's end. We expect this to continue in July and come to normal levels of inventory by July to normalize production. SSWL has achieved gross turnover of Rs 168.34 Crs in June 2019 Vs 197.60 Crs in June 2018, there by recording a de-growth of 15% and achieved Net turnover of Rs.139.54 Crs in June 2019 Vs Rs.155.96 Crs in June 2018, recording a de-growth of 10%. Q2 of 19-20 will be the record quarter for the organization with highest eve volume for the company with record volumes for exports. We expect the Dappar plant and Chennai car plants to run at 100% utilization in q2 of 19-20 onwards. The export segment will make good for the entire loss of production of domestic car and 2-3 wheelers and will ensure 100% utilization of the production facilities. Segment wise Breakup of growth Segment June Growth (YoY) Passenger Car -22% Exports +91% Tractor -28% Truck -28% 2 & 3 Wheelers -9% Overall -10%