STEEL STRIPS WHEELS LTD.-$ - 513262 - Filing Of Compliance Certificate Under Regulation 7(3) Of SEBI (Lising Obligations And Disclosure Requirements) Regulations, 2015 For The Half Year Ended 31St March, 2019.
Enclosed please find herewith the Compliance certificate as required under sub regulation (3) of Regulation 7 of SEBI Lising Obligations and Disclosure Requirements) Regulations, 2015 for the half year ended 31st March, 2019. Steel Strips Wheels Ltd - 513262 - Compliance Under Regulation 40(10) Of The Securities Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations, 2015
Pursuant to captioned regulation, please find enclosed herewith a copy of the certificate, received from a Company Secretary in Practice as required under Regulation 40(9) of the Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, for the half year ended March 31, 2019. Steel Strips Wheels Ltd - 513262 - Closure of Trading Window
Pursuant to the SEBI (Prohibition of Insider trading) Regulations, 2015 and the clarification issued by the Stock Exchanges, the Trading Window Closure Period of the Company has commenced and will end 48 hours after the declaration of the Financial Results of the Company for the quarter and year ending 31st March, 2019 to the Stock Exchanges. Kindly take the same on your records. STEEL STRIPS WHEELS LTD.-$ - 513262 - Copy Of Amended Code Of Practices And Procedures For Fair Disclosure Of Unpublished Price Sensitive Information (UPSI).
In continuation to our letter dated 01.04.2019 enclosed please find a copy of Amended Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information (UPSI), adopted by the Board of Directors through Resolution passed by circulation. This code shall be effective from 01.04.2019. Kindly take the same on your records Steel Strips Wheels Ltd - 513262 - SSWL MARCH SALES HIGHLIGHT
SSWL achieved March 2019 total wheel rim sales of 10.80 Lacs Vs 13.23 Lacs in March 2018 representing a de-growth of 18% YoY. SSWL has achieved gross turnover of Rs 187.18 Crs in March 2019 Vs 218.63 Crs in March 2018, there by recording a de-growth of 14% and achieved Net turnover of Rs.151.59 Crs in March 2019 Vs Rs.169.05 Crs in March 2018, recording a de-growth of 10%. The year-end cut in production was on account of high dealer end inventory to streamline the pipeline inventory. Major part of cutback in inventory is completed in last 2 months and we expect normalcy to resume from April 2019. The Auto makers sales of March 2019 was better that Feb 2019 and more inventory clearance has happened In last 2 months and with extended production cuts we expect major inventory reduction has happened in last 2 months. Steel Strips Wheels Ltd - 513262 - Outcome Of Circular Resolution- Adoption Of Policies Under SEBI Prohibition Of Insider Trading Amendment Regulations, 2018.
In compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended, we wish to inform you that Board of Directors through Resolution passed by circulation have considered and approved, interalia, the following matters: 1) Amendment of Code of Conduct Insider Trading. 2) Amendment of Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information. 3) Amendment of Vigil Mechanism and Whistle Blower Policy. 4) Policy For Procedure Of Inquiry In Case Of Leak Of Unpublished Price Sensitive Information ('UPSI') The above mentioned policies shall be available on the website of the Company at www.sswlindia.com and shall be effective from 01.04.2019. Kindly take the same on your records please. 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 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 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 Ltd - 513262 - Update On Mehsana Alloy Wheel Plant -SSWL Bags Order Of 1.85Mn Alloy Wheel From India OEM Valued At 480Crs.
Steel Strips Wheels Limited (SSWL) is pleased to announce bagging of yet another long term domestic order for supply of Alloy wheels for an Indian OEM from its Mehsana Alloy wheel plant. Order comprises of 1.8Mn Alloy wheels distributed over the vehicle program life to be shipped from SSWL's Mehsana plant from 2019 onwards. The program life is 5 years starting 2019. Total order value of the program life is INR 480 Crs. SSWL is developing more than 15 wheels for domestic as well as export customers which will see the mass production in FY 19-20.