Steel Strips Wheels513262Board key decisions
Board approves results, Rs. 1.50 interim dividend, Pranav Jain as Senior Management Personnel, greenfield plant
Board of Steel Strips Wheels Ltd met on 23rd October 2026 and approved the unaudited results for the quarter and half year ended 30th September 2026.
By ScoutQuest · · 2 min read
₹19,029.46 lakh
Q2 FY27₹11,878.25 lakhH1 FY27₹19,029.46 lakh
- Interim dividend per share
- Rs. 1.50 per equity share
- Dividend record date
- 30th October 2026
- Greenfield facility outlay
- Rs. 1400 Crores over 60 months
Key decisions from the board meeting held on 23rd October 2026
Results
- Standalone revenue from operations for the quarter ended 30th September 2026 was Rs. 1,92,992.15 (Rs in lakhs), with profit after tax of Rs. 11,878.25 (Rs in lakhs).
- For the half year ended 30th September 2026, standalone revenue from operations was Rs. 3,43,973.98 (Rs in lakhs) and profit after tax Rs. 19,029.46 (Rs in lakhs).
- The results are unaudited and a limited review report from the statutory auditors is enclosed with the update.
Interim dividend
- The board declared an interim dividend of Rs. 1.50 per equity share for the financial year 2026-27, paid on the entire paid-up equity share capital of 157265105 equity shares.
- The record date to ascertain eligible shareholders is 30th October 2026 (Friday).
- The dividend will be paid on or before 21st November 2026.
Senior management
- Sh. Pranav Jain has been appointed as one of the senior management personnel of the company in the role of Vice-President (Finance & Accounts) with effect from 23rd October 2026.
- The appointment was made on the recommendation of the Nomination and Remuneration Committee.
Greenfield manufacturing facility
- The board approved setting up a state-of-the-art greenfield manufacturing facility at Chhatrapati Sambhajinagar (Aurangabad), Maharashtra.
- The facility will manufacture Alloy wheels, Steel Wheels for Passenger Vehicles & OTR, and a Hot Stamping Line.
- The estimated total project outlay is expected to be Rs. 1400 Crores, spread over an estimated time period of 60 months.
- The proposal is subject to grant of requisite approvals and clearances.
Lease renewal
- The board approved renewal of the Lease Agreement between the company and AMW Autocomponent Limited (AACL), a wholly owned subsidiary.
- The renewal is on the same terms and conditions as previously approved, extendable from time to time as may be required, for taking premises on leasehold basis.
Also from Steel Strips Wheels
Steel Strips Wheels posts record Q2 FY27: revenue up 61% to Rs. 1,930 Crs., PAT up 208%; approves ~Rs. 1,400 Crs. greenfield plant
23 Oct 2026
Board approves lease renewal with wholly owned subsidiary for up to 5 years from 26.11.2026
23 Oct 2026
Board approves proposal for greenfield wheels plant in Maharashtra with hot stamping line
23 Oct 2026
More numbers
- Interim dividend per equity shareRs. 1.50
- Paid-up equity share capital - number of equity shares157265105
- Estimated total project outlay - greenfield facilityRs. 1400 Crores
- Estimated project time period - greenfield facility60 months
- Q2 FY27 standalone revenue from operations (Rs in lakhs)1,92,992.15
- Q2 FY27 standalone profit after tax (Rs in lakhs)11,878.25
- H1 FY27 standalone revenue from operations (Rs in lakhs)3,43,973.98
- H1 FY27 standalone profit after tax (Rs in lakhs)19,029.46
Source: BSE · 23 Oct 2026
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