Steel Strips Wheels Board Approves ₹3.76 Lakhs Investment in Wind Energy Company

Steel Strips Wheels Limited announced that its Board of Directors has approved an additional investment in renewable energy company Echanda Urja Private Limited (EUPL) during a board meeting held on April 9, 2026. The board meeting, which commenced at 10:30 a.m. and concluded at 11:35 a.m., approved the execution of amendment agreements with NuPower Renewables Private Limited and EUPL for acquiring additional equity shares.

Investment Details

The board approved the acquisition of 37,582 equity shares of EUPL at a face value of ₹10 each, requiring a total investment of ₹3.76 lakhs. The transaction will be executed through cash consideration and is expected to be completed within 30 days. The investment involves executing an "Amendment Agreement To Shareholders Agreement" with NuPower Renewables Private Limited (holding company of EUPL) and an "Amendment Agreement to Energy Sale Agreement" with EUPL.

Investment Parameter: Details Number of Shares: 37,582 equity shares Face Value per Share: ₹10 Total Investment Amount: ₹3.76 lakhs Payment Method: Cash consideration Completion Timeline: Within 30 days

Shareholding Impact

The additional investment will increase Steel Strips Wheels' stake in EUPL from the current 3.81% to 5.57%. The company had previously invested ₹8.15 lakhs in EUPL, and the new investment will bring the total investment to ₹11.91 lakhs, representing 119,116 equity shares.

Shareholding Details: Current Post-Investment Investment Amount: ₹8.15 lakhs ₹11.91 lakhs Number of Shares: 81,534 shares 119,116 shares Ownership Percentage: 3.81% 5.57%

Strategic Purpose

The investment is specifically aimed at procuring additional renewable wind power from EUPL for the Chennai plant under the Group Captive Scheme. This strategic move is expected to result in energy cost savings for the company while supporting its renewable energy initiatives and meeting additional renewable power requirements.

About Echanda Urja Private Limited

EUPL is a wind power generation company incorporated on November 12, 2014, under the Companies Act, 2013. The company operates in the renewable energy sector, specifically focusing on wind power generation and transmission, with its registered office located in Mumbai, Maharashtra.

Company Profile: Details Incorporation Date: November 12, 2014 Industry: Wind power generation Paid-up Capital: ₹214.00 lakhs Registered Office: Mumbai, Maharashtra CIN: U40104MH2014PTC259254

Financial Performance

EUPL has demonstrated consistent revenue performance over the past three years, with its latest turnover reaching ₹12,147.73 lakhs.

Financial Year Ending: Turnover (₹ lakhs) March 31, 2025: 12,147.73 March 31, 2024: 11,665.55 March 31, 2023: 11,818.81

Regulatory Compliance

The transaction does not constitute a related party transaction, and no promoter or group companies have any interest in EUPL. Additionally, no governmental or regulatory approvals are required for this investment. The company has filed the necessary intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, with both BSE and NSE exchanges.

Steel Strips Wheels Limited has submitted its quarterly compliance certificate to stock exchanges, fulfilling regulatory requirements under SEBI (Depositories and Participants) Regulations, 2018. The filing, dated April 6, 2026, covers the quarter ended March 31, 2026.

Regulatory Compliance Filing

The company filed the mandatory certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 with both BSE Limited and The National Stock Exchange of India Limited. Company Secretary and Compliance Officer Kanika Sapra signed the submission on behalf of Steel Strips Wheels Limited.

Filing Details: Information Regulation: SEBI Regulation 74(5) Quarter Ended: March 31, 2026 Filing Date: April 6, 2026 Signatory: Kanika Sapra, Company Secretary

RTA Confirmation Certificate

MUFG Intime India Pvt. Ltd. (formerly Link Intime India Pvt. Ltd.), serving as the company's Registrar and Share Transfer Agent, issued the compliance certificate. The RTA confirmed that all securities received from depository participants for dematerialization during the quarter were properly processed.

The certificate confirms several key compliance aspects:

Securities received for dematerialization were confirmed or rejected to depositories within prescribed timelines

All security certificates have been listed on stock exchanges where earlier issued securities are listed

Security certificates received were mutilated and cancelled after due verification

Depository names were substituted in the register of members as registered owners

Corporate Information

Company Details: Information BSE Code: 513262 NSE Code: SSWL CIN: L27107PB1985PLC006159 Head Office: Chandigarh Registered Office: Punjab

Swapan Kumar Naskar, Associate Vice-President & Head (North India) at MUFG Intime India Pvt. Ltd., signed the confirmation certificate. The RTA operates from its Delhi office and is part of MUFG Corporate Markets, a division of MUFG Pension & Market Services.

Significance of Filing

This quarterly compliance certificate represents Steel Strips Wheels Limited's adherence to SEBI's regulatory framework governing depositories and participants. The filing ensures transparency in the company's share transfer operations and confirms proper handling of dematerialized securities during the quarter ended March 31, 2026.

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