SSSteel Strips Wheels513262Dividend news update

Board declares interim dividend of Rs. 1.50 per share; approves Rs. 1400 Crores greenfield wheel plant

Interim dividend of Rs. 1.50 per equity share of face value Rs. 1/- for FY 2026-27.

By ScoutQuest · Fri 23 Oct 2026, 12:12 PM IST · 2 min read

Interim Dividend

Rs. 1.50 per equity share of face value Rs. 1/- for FY 2026-27

Record Date

30th October 2026

Greenfield Plant Outlay

Rs. 1400 Crores spread over about 60 months

Interim dividend announced

• The board declared an interim dividend of Rs. 1.50 per equity share of face value Rs. 1/- for the financial year 2026-27.
• It is payable on the entire paid-up equity share capital of 157265105 equity shares.
• The record date for deciding which shareholders are eligible is 30th October 2026 (Friday). Payment is to be made on or before 21st November 2026.

Quarterly results approved

• The board approved the unaudited standalone and consolidated financial results for the quarter and half year ended 30th September 2026, which carry the auditors' limited review reports.
• Standalone revenue from operations for the quarter was 1,92,992.15 (amounts in Rs. Lakhs).
• Standalone profit for the period after tax was 11,878.25 (amounts in Rs. Lakhs).
• Standalone basic earnings per share for the quarter was 7.55.

New factory plan

• The board approved a proposal to set up a state-of-the-art greenfield manufacturing facility at Chhatrapati Sambhajinagar (Aurangabad), Maharashtra.
• The plant is meant for manufacturing alloy wheels, steel wheels for passenger vehicles and OTR, and a hot stamping line.
• The plan is subject to grant of requisite approvals and clearances.
• The estimated total project outlay is Rs. 1400 Crores, spread over an estimated time period of 60 months.

Senior management appointment

• The board approved the appointment of Sh. Pranav Jain as Vice-President (Finance & Accounts), one of the senior management personnel of the company, with effect from 23rd October 2026.
• The appointment was made on the recommendation of the Nomination and Remuneration Committee.

Lease renewal

• The board approved the renewal of the Lease Agreement between the company and AMW Autocomponent Limited (AACL), a wholly owned subsidiary, for premises taken on leasehold basis.
• The renewal starts from 26.11.2026 and is on the same terms and conditions as previously approved, extendable from time to time as may be required.

What shareholders may take away

• The announcement combines a cash payout with a fresh investment plan, so it touches both immediate shareholder return and the company's future capacity.
• The dividend is a fixed per-share amount, so the payout to an individual depends on the number of shares held as on the record date.
• The new plant is a large, multi-year project that the company describes as subject to approvals and clearances. The outlay is an estimate, spread over an extended period.
• The results are unaudited interim figures that have been reviewed by the statutory auditors, not audited annual numbers.

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