Steel Strips Wheels board meeting outcome announcements

Board Meeting OutcomeSteel Strips Wheels Ltd SSWL

Steel Strips Wheels Board Meeting Outcome

Steel Strips Wheels approved re-appointments of two directors and the upcoming AGM schedule. The board also proposed enhancing the company's borrowing limit to ₹3,500 Crore.

Board Meeting OutcomeSteel Strips Wheels Ltd SSWL

Steel Strips Wheels Board Meeting Outcome

Steel Strips Wheels Ltd's board approved an additional investment of ₹0.04 Crore (Rs. 3.76 lakhs) to acquire 37,582 shares in Echanda Urja Private Limited. This acquisition aims to procure renewable wind power for the company's Chennai plant under a group captive scheme, increasing its stake to 5.57%.

Value

₹0.04 Cr

Execution

Within 30 days