30 Apr 2017 | Livemint.com

BSE
NSE
Last Updated: Mar 31, 03:41 PM
Steel Strips Wheels Ltd.

BSE

  • 828.00 19.25 (2.38%)
  • Vol: 5111
  • BSE Code: 513262
  • PREV. CLOSE
    808.75
  • OPEN PRICE
    815.00
  • BID PRICE (QTY.)
    0.00(0)
  • OFFER PRICE (QTY.)
    0.00(0)

NSE

  • 825.60 0.00 (0%)
  • Vol: 18746
  • NSE Code: SSWL
  • PREV. CLOSE
    825.60
  • OPEN PRICE
    824.00
  • BID PRICE (QTY.)
    825.60(203)
  • OFFER PRICE (QTY.)
    0.00(0)

Steel Strips Wheels Ltd. Accounting Policy

CORPORATE GOVERNANCE

REPORT ON CORPORATE GOVERNANCE

A brief statement on Company's philosophy on code of Governance:

The philosophy of the Company in relation to Corporate Governance is to ensure transparent disclosures and reporting that conforms fully to laws, regulations, guidelines and to promote ethical conduct throughout the organization with primary objective of enhancing shareholders value while being a responsible corporate citizen. The Company has always worked towards building trust with shareholders, employees, customers, suppliers and other stakeholders based on the principles of good Corporate.

The Company is in compliance with the requirements stipulated under Clause 49 of the listing agreements entered into with the Stock Exchanges with regard to corporate governance.

Board of Directors

The Board of Directors of the company is entrusted with the ultimate responsibility of the management, general affairs, direction and performance of the Company and has been vested with requisite powers, authorities and duties. The Board consists of Executive and non- executive directors including independent directors who have wide and varied experience in the field of business, finance, education, industry, commerce and administration.

Composition of the Board:

(i) As on March 31,2015, the Company has ten Directors including a Non- Executive Chairman. Of the ten Directors, 8 (i.e 80%) are Non Executive Directors out of whom, Five (50%) are Independent Directors, including one woman independent director. The Composition of the Board is in conformity with Clause 49 of the listing agreements entered into with the Stock Exchanges. None of the Non-Executive/ Independent Directors has any material pecuniary relationship or transaction with the Company.

(ii) None of the Independent Directors of the Company is acting as Independent director in more than seven listed companies.

(iii) None of the whole time director of the company/or any director of the company acting as whole time Director in any listed Company serve as an independent director in more than 3 listed companies.

(iv) Independent directors are non-executive directors as defined under Clause 49(II)(B)(1) of the Listing Agreements entered into with the Stock Exchanges. The maximum tenure of the independent directors is in compliance with the Companies Act, 2013 ("Act') and clarifications/circulars issued by the Ministry of Corporate Affairs, in this regard, from time to time. All the Independent Directors have confirmed that they meet the criteria as mentioned under clause 49 of the Listing Agreement and Section 149 of the Act.

(v) None of the directors on the board hold directorships in more than ten public companies. Further, none of them is a member of more than ten committees or chairman of more than five committees across all the public companies in which he is a director. Necessary disclosures regarding committee positions in other public companies as on March 31,2015 have been made by the directors.

(vi) Four Board Meetings were held during the year and gap between two meetings did not exceed one hundred twenty (120) days. The said four Board Meetings were held on 30.05.2014,14.08.2014,05.11.2014, and 19.01.2015.The necessary quorum was present for all the meetings.

(vii) The Information as mentioned in Annexure X to Clause49 of the Listing Agreement has been placed before the board for its consideration.

(viii) The names and categories of the directors on the Board, their attendance at Board Meetings and last Annual General Meeting held during the year and the number of Directorships and Committee chairmanships/ memberships held by them in other Public Companies as on March 31, 2015 are given herein below. Other Directorships do not include directorships of Private Limited Companies, foreign companies, and companies under Section 8 of the Companies Act, 2013. Chairmanships/ Memberships of Board Committees include only Audit and Stake Holder Relationship Committees.

(ix) The terms and conditions of appointment of an independent directors are disclosed on the website of the Company.

(x) During the year a separate meeting of the independent directors was held inter-alia to review the performance of non-independent directors and the board as a whole including chairman of the company and the quality, quantity and timeliness of flow of information between the Company management and the Board that is necessary for the Board to effectively and reasonably perform their duties.

(xi) The Board periodically reviews compliance reports of all laws applicable to the Company. Steps are taken to rectify instances of non-compliance, if any.

Selection and appointment of New Directors on the Board

Considering the requirements of the skill-sets on the Board, eminent persons having an independent standing in their respective field/profession and who can effectively contribute to the Company's business and policy decisions are considered by the Nomination and Remuneration Committee for appointment of new Directors on the Board. The number of directorships and memberships in various committees of other companies by such persons is also considered.

Selection criteria of Board Members

The Board of Directors are collectively responsible for selection of a member on the Board. The Nomination and Remuneration Committee of the Company follows a defined criteria for identifying, screening, recruiting and recommending candidates for election as a Director on the Board. The criteria for appointment to the Board include:

- Composition of the Board, which is commensurate with the size of the Company, its portfolio, geographical spread and its status as a listed Company;

- desired age and diversity on the Board; size of the Board with optimal balance of skills and experience and balance of Executive and Non-Executive Directors consistent with the requirements of law;

- professional qualifications, expertise and experience in specific area of business;

- balance of skills and expertise in view of the objectives and activities of the Company;

- avoidance of any present or potential conflict of interest;

- availability of time and other commitments for proper performance of duties;

- personal characteristics being in line with the Company's values, such as integrity, honesty, transparency, leadership skills, pioneering mindset.

Familiarization program of Independent Directors

The Independent directors of Company are eminent personalities having wide experience in the field of business, finance, education, industry, commerce and administration. Their presence on the Board has been advantageous and fruitful in taking business decisions.

When a new Independent Director comes on the Board of the Company, a meeting is arranged with the Chairman, Managing Director, Deputy Managing Director, Chief Financial Officer and Company Secretary of the Company to brief him/her about the Company, its businesses, key customers, business module wise performance, the salient features of the industries to which the Company supplies its goods and other relevant information.

New Independent Directors are provided with copy of latest Annual Report, the SSWL code of Conduct, the SSWL Code of Conduct for Prevention of Insider Trading, Code for Independent directors provided in Schedule IV of the Companies Act, 2013. A detailed Appointment Letter incorporating the role, duties and responsibilities, remuneration and performance evaluation process, insurance cover and obligations on disclosures, is also issuedto the Independent Directors. Terms and conditions of appointment also disclosed on the website of the Company. (weblink: <http://www.sswlindia.com/pages/familiarisationprogramme.htm>) The Directors get an opportunity to visit Company's plants, where plant heads appraise them of the operational and sustainability aspects of the plants to enable them to have full understanding on the activities of the Company and initiatives taken on safety and quality etc.

During Board Meetings/audit committee meetings, Directors are a so informed about business performance, operations, market share, financial parameters, working capital management, fund flows, major litigation, compliances, CSR activities, regulatory scenario etc.-

Directors are also informed on the various developments in the Company through Email and other modes by the Chairman / Managing Director/Deputy Managing Director/Company Secretary.

Performance evaluation of Independent Directors

The Nomination and Remuneration Committee evaluates the performance of Independent Directors based on their commitment towards attending the meetings of the Board/Committees, contribution and attention to the affairs of the Company and their overall performance apart. The evaluation mechanism of Independent Directors is detailed in Directors Report. On the basis of the report of the performance evaluation, the committee determined whether to extend or continue the terms of appointment of independent director.

Vigil Mechanism

Your Company has established a mechanism called 'Vigil Mechanism' for directors and employees to report to the appropriate authorities of unethical behavior, actual or suspected, fraud or violation of the Company's code of conduct or ethics policy and provides safeguards against victimization of employees who avail the mechanism. The policy permits all the directors and employees to report their concerns directly to the Ethics Counselor/Chairman of the Audit Committee of the Company. The policy with the name and address of the Chairman of the Audit Committee has been communicated to the employees by uploading the same on the website of the Company. The employees can directly contact the Chairman of the Audit Committee on the email address as mentioned in the 'Vigil Mechanism Whistle Blower Policy' uploaded at the website of the Company.

(website link:<http://www.sswlindia.com/pages/whistleblower.htm>

AUDIT COMMITTEE

The audit committee of the Company is constituted in line with the provisions of Clause 49 of the Listing Agreements entered into with the stock exchanges read with Section 177 of theAct.

The terms of reference of Audit Committee are as per relevant guidelines and legislations and listing agreements. The primary objective of the Audit Committee is to monitor and provide effective supervision of the management's financial reporting process with a view to ensure accurate, timely and proper disclosures and transparency and to review the adequacy of internal control systems and functions.

Four audit committee meetings were held during the year and the gap between

two meeti ngs did not exceed four months. The dates on which the said meetings

were held on30.05.2014,14.08.2014,05.11.2014, and 19.01.2015.

The necessary quorum was present for all the meetings.

The Company Secretary acts as the Secretary of Audit committee.

The previous Annual General Meeting of the Company was held on 30th September, 2014 and was attended by Sh. Surinder Kumar Bansal, Chairman of the Audit Committee.

SUB-COMMITTEE

The Sub- Committee of Board of Directors has been constituted to review un-audited financial Results. The composition of the Sub- Committee is given below:

Sh. Manohar Lal Jain is elevated as Executive director w.e.f. 01.07.2015, subject to the approval of shareholders. During the year, no meeting of Sub- Committee was held.

NOMINATION AND REMUNERATION COMMITTEE

The Company had "Remuneration cum compensation Committee''. The nomenclature of the said committee was changed to "Nomination and Remuneration Committee'' in the light of provisions of Companies Act, 2013 and revised clause 49 of the listing agreement.

Terms of reference of the Nomination and Remuneration Committee include:

- Formulation of the criteria for determining qualifications, positive attributes and independence of a director and recommend to the Board a policy, relating to the remuneration of the directors, key managerial personnel and other employees;

- Formulation of criteria for evaluation of Independent Directors and the Board;

- Devising a policy on Board diversity;

- Identifying persons who are qualified to become directors and who may be appointed in senior management in accordance with the criteria laid down, and recommend to the Board their appointment and removal.

During the year, two meetings of Nomination and Remuneration Committee were held on 01.08.2015 & 30.03.2015.

Remuneration Policy:

The remuneration policy is formulated by the Nomination and Remuneration Committee and approved by the Board. The brief contents of the policy are, as under:-

Appointment of Directors/ Key Managerial Personnel (KMPs) /Senior Officials

Enhancing the competencies of the Board and attracting as well as retaining talented employees for role of KMP/a level below KMP are the basis for the Nomination and Remuneration Committee to select a candidate for appointment to the Board. When recommending a candidate for appointment, the Nomination and Remuneration Committee has regard to:­- Composition of the Board, which is commensurate with the size of the

Company, its portfolio, geographical spread and its status as a listed Company;

- desired age and diversity on the Board;

- size of the Board with optimal balance of skills and experience and balance of Executive and Non-Executive Directors consistent with the requirements of law; professional qualifications, expertise and experience in specific area of business;

_- balance of skills and expertise in view of the objectives and activities of the Company;

- avoidance of any present or potential conflict of interest;

- availability of time and other commitments for proper performance of duties;

- personal characteristics being in line with the Company's values, such as integrity, honesty, transparency, ledership skills, pioneering mindset.

Remuneration of Directors, KMPs and Senior Management

The guiding principle is that the level and composition of remuneration shall be reasonable and sufficient to attract, retain and motivate Directors, Key Management Personnel and other senior officials. The Directors, Key Management Personnel and other senior official's salary shall be based & determined on the individual person's responsibilities and performance and in accordance with the limits as prescribed statutorily, if any. The NRC will determines individual remuneration packages for Directors, KMPs and Senior Officials of the Company taking into account factors it deems relevant, including but not limited to market, business performance and practices in comparable companies, having due regard to financial and commercial health of the Company as well as prevailing laws and government/other guidelines. The Committee will consults with the Chairman of the Board as it deems appropriate. Remuneration of the Chairman will be recommended by the Committee to the Board of the Company.

(I) Remuneration:

a) Base Compensation (fixed salaries) Must be competitive and reflective of the individual's role, responsibility and experience in relation to performance of day-to-day activities, usually reviewed on an annual basis; (includes salary, allowances and other statutory/non-statutory benefits which are normal part of remuneration package in line with market practices).

b) Variable salary: The NRC may in its discretion structure any portion of remuneration to link rewards to corporate and individual performance, fulfillment of specified improvement targets or the attainment of certain financial or other objectives set by the Board. The amount payable is determined by the Committee, based on performance against pre-determined financial and non-financial metrics.

(ii) Statutory Requirements:

The N RC will look into statutory requirements while deciding the remuneration of Directors and KMPs.

The Independent Directors shall not be entitled to any stock option and may receive remuneration by way of fee for attending meetings of the Board or Committee thereof or for any other purpose as may be decided by the Board and profit related commission as may be approved by the members. The sitting fee to the Independent Directors shall not be less than the sitting fee payable to other directors.

The Non- Executive Directors are entitled to sitting fee for attending the Board meeting, Audit Committee meeting and sub-committee meeting. A sitting fee of Rs. 10,000 for attending each meeting of the Board and Rs. 5,000 for attending each of Audit committee and sub-committee meeting was paid to the non­executive Directors during the year under review. The Company also reimbursed the out of pocket expenses incurred by Directors for attending meetings. During the year under review, the Company has not granted any stock options to Non-Executive Directors of the Company.

Detail of sitting fee paid to the Non-Executive Directors during the year 2014-15 areas follows:-

None of the Non-Executive Directors held any convertible instruments of the Company.

There has been no pecuniary relationship or transactions other than above of the Non-Executive directors vis-a-vis the Company during the year under review.

SHARE TRANSFER COMMITTEE

The Share Transfer Committee approves and expedites the process of share transfers reviewed by the Company. The Committee met 23 times during the year. No transfer of shares and no request for demat of shares is pending. All the shares received for transfer have been transferred within the time period prescribed.

The committee consists of the following members:

Sh. Manohar Lal Jain is elevated as Executive director w.e.f. 01.07.2015 subject to the approval of shareholders .

STAKEHOLDERS RELATIONSHIP COMMITTEE

(i) The Company had a Investor Grievance committee of Directors to look into the redressal of complaints of investors such as transfer of shares, non-receipt of Balance Sheet, non-receipt of dividends and to ensure expeditious share transfer and demat process undertaken by the Registrar and Transfer Agents and to recommends measures for overall improvement in the quality of investor services. The Nomenclature of the said committee was changed to Stakeholders Relationship Committee in the light of provisions of the Companies Act, 2013 and revised clause 49 of the listing agreement.

The committee consists of following members:-

1. Sh. Surinder Kumar Bansal - Independent, Non-Executive Director. Chairman

2. Sh. SukhbirSingh Grewal - Independent, Non-Executive Director.

3. *Sh. Manohar Lal Jain - Non Executive Director.

*Sh. Manohar Lal Jain is elevated as Executive director w.e.f. 01.07.2015 subject to the approval of shareholders .

The Company addresses all complaints, suggestions and grievances expeditiously and replies are sent/ issues resolved usually with in 15 days unless there is a dispute or other legal constraint.

(ii) Detail of complaints received and redressed:

iii) Name, Designation, Address &E-mail of Compliance Officer: Sh. Manohar Lal Jain, Director Sh. Shaman Jindal, CompanySecretary Steel Strips Wheels Limited Corporate Office: SCO 49-50, Sector 26, Madhya Marg, Chandigarh. Telephone No. 0172-2793112,2792385 E-mail: mljain@sswlindia.com  

: shamanjindal@sswlindia.com

RISK MANAG EMENT COMMITTEE

The Company recognizes that Risk Management is an integral part of good management practice. Risk Management is an essential element in achieving business goals and deriving benefits from market opportunities.

Risk Management is attempting to identify and then manage threats that

Could severely impact or bring down the organization.

Generally, this involves reviewing operations of the organization,

identifying potential threats to the organization and the likelihood of their

occurrence, and then taking appropriate actions to address the most likely threats.

The Company has constituted a Risk Management Committee. The main functions of committee areas under:

(a) to formulate and recommend to the Board, a Risk Management Policy which shall indicate the activities such as identification of risks and mitigation strategy thereof;

(b) to recommend the Board about risk assessment and minimization procedures;and

(c) monitoring and reviewing of the risk management plan to the Board and ensuring its effectiveness.

During the year, one meeting of the risk management committee was held on

30th March, 2015.

The composition of the risk management committee and details of the meetings attended by its members are given below:

Sh. Manohar Lal Jain is elevated as Executive director w.e.f. 01.07.2015 subject to the approval of shareholders .

FINANCE COMMITTEE

The company has a Finance committee for borrowings funds, not exceeding Rs. 1000 crore and also to create security on the assets of the Company. During the year, five meetings of the Finance committee were held on 09.10.2014,19.12.2014,31.12.2014,17.02.2015 and 17.03.2015. The composition of the Finance committee and details of the meetings attended by its members are given below:

*Sh. Manohar Lal Jain is elevated as Executive director w.e.f. 01.07.2015 Subject to the approval of shareholders .

CORPORATE SOCIAL RESPONSIBILITY (CSR) COMMITTEE

Pursuant to Section 135 of the Companies Act, 2013, CSR Committee was constituted on 30.05.2014. Terms of reference of the CSR Committee include:­- To formulate and recommend to the Board, a CSR Policy and the activities to be undertaken by the Company as per Schedule VII of the Companies Act, 2013;

- To recommend amount of expenditure on CSR activities;

- To monitor CSR Policy of the Company.

During the year CSR Committee meetings were held on 15.12.2014 and 02.01.2015 and it was attended by all the committee members. The composition of the CSR Committee is as follows:-

EMPLOYEE COMPENSATION COMMITTEE

The Company has constituted Employee Compensation Committee to formulate detailed terms and conditions of the ESOP plan which, inter alia includes:

i. the quantum of option to be granted under ESOP Scheme(s) to employee.

ii. the conditions under which option vested in employee may lapse in case of termination of employment for misconduct;

iii. the exercise period within which the employee should exercise the option and that option would lapse on failure to exercise the option within the exercise period;

iv. the specified time period within which the employee shall exercise the vested options in the event of termination or resignation of an employee;

v. the right of an employee to exercise all the options vested in him at one time or at various points of time with in the exercise period;

vi. the procedure for making a fair and reasonable adjustment to the number of options and to the exercise price in case of corporate actions, such as rights issues, bonus issues, merger,sale of divisions and others.

vii. the grant, vest and exercise of option in case of employees who are on long leave; and

viii. the procedure for cashless exercise of options.

ix. Any other matter, which may be relevant for administration of ESOS schemes from time to time.

During the year, one meeting was held and is attended by all the members of the committee.

Composition of the committee is as follows: -

INDEPENDENT DIRECTORS MEETING

Independent Directors are regularly updated on performance of the business of the Company, strategy going forward and new initiatives being taken/proposed to be taken by the Company. The Independent Directors Sh. Sukhbir Singh Grewal, Sh. Surinder Kumar Bansal, Sh. Sudhanshu Shekhar Jha, Sh. Madan Mohan Chopra met on 29th March, 2015 without the attendance of Non-Independent Director and members of Management of the company and inter alia discussed:

- the performance of non-Independent Directors and the Board as a whole;

- the performance of the Chairperson of the Company, taking into account the views of Executive Directors and Non- Executive Directors; and

- the quality, quantity and timeliness of flow of information between the Company management and the Board that is necessary for the Board to effectively and reasonably perform their duties.

DISCLOSURES

(i) Related Party Transactions

There were no materially significant related party transactions of the Company which had potential conflict with the interests of the Company at large. The Board has approved a policy on materiality of Related Party Transactions and dealing with related party transactions which has been uploaded on the Company’s Website at the following link:-

(<http://www.sswlindia.com/pages/relatedpartytransaction.htm>).

(ii) No penalties, strictures were imposed on the Company by Stock Exchanges or SEBI, or any other statutory authority, on any matter related to capital markets, during the last three years.

(iii) The Company has adopted a Vigil Mechanism/Whistle Blower Policy and has established the necessary mechanism for Directors and employees to report their genuine concerns. No personnel have been denied access to the audit committee. This mechanism provides for adequate safeguards against victimization of director (s) /employee (s) who avail the said mechanism and also provides for direct access to the Chairman of the audit committee in exception cases. The details of establishment of such mechanism are also disclosed on the website of the Company.

(iv) The company has not adopted any alternative accounting treatment prescribed differently from the Accounting standard.

Code of Conduct

The Board of Directors has laid down Code of Conduct for all Board Members and Senior Management of the Company. The said Code of Conduct is uploaded on the website of the Company.

(web link: <http://www.sswlindia.com/pages/code_conduct.htm>)

The Members of the Board and Senior Management personnel have affirmed the compliance with the Code during the year ended on 31 March, 2015. The Annual Report of the Company contains a Certificate by the Managing Director in terms of Clause 49 of the listing agreement based on the compliance declarations received from the Members of the Board and Senior Management personnel.

AUDIT FOR RECONCILATION OF SHARE CAPITAL

Statutory Auditor of the Company carried out a Share Capital Audit to reconcile the total admitted equity share capital with the National Securities Depository Limited (NSDL) and the Central Depository Services (India) Limited (CDSL) and the total issued and listed equity share capital. The audit report confirms that the total issued/paid up capital is in agreement with the total number of shares in physical form and the total number of dematerialized shares held with NSDL and CDSL.

INSIDER TRADING

"Code of Conduct for Prevention of Insider Trading' pursuant to the requirements of SEBI (Prohibition of Insider Trading) Regulations, 1992,

As amended, has been followed by the Company through out the year.

CEO/CFO Certification

The Managing Director, Deputy Managing Director and Chief Financial officer of the Company have certified to the Board that all the requirements of Clause 49 (IX) of the Listing Agreement, inter alia, dealing with the review of financial statements and cash flow statement for the year ended 31.03.2015, transactions entered into by the Company during the said year, their responsibility for establishing and maintaining internal control systems for financial reporting and evaluation of the effectiveness of the internal control system and making of necessary disclosures to the Auditors and the Audit Committee have been duly complied with.

CONSTITUANTS OF RELATED PARTIES.

Following named Companies, individuals and HUF constitute the related parties:

GROUP COMPANIES:

Indian Acrylics Limited, SAB Industries Limited, Steel Strips Limited, Steel Strips Infrastructure Limited, Steel Strips Industries Limited, Indlon Chemicals Limited, Sab Developers P Ltd., Malwa Chemtex Udyog Limited, SAB Udyog Limited, Steel Strips Mercantile P Limited, Indian Acrylics Investments Ltd, Munak International Pvt. Limited, Steel Strips Financiers Pvt. Limited, S.S. Credits Pvt. Limited, Malwa Holdings Pvt. Limited, S.J. Mercantile Pvt. Limited, Munak Investments Pvt. Limited, Steel Strips Holdings Pvt. Limited, Munak Financiers Pvt. Limited, Chandigarh Developers P Ltd., and DHG Marketing P Ltd.

INDIVIDUALS:

Sh. Rajender Kumar Garg, Smt. Sunena Garg, Ms. Priya Garg and Sh. Dheeraj Garg.

HUF:

R. K.Garg & Sons (HUF) MEANS OF COMMUNICATION

The quarterly and annual results are generally published in "Financial Express" and "Desh Sewak" and have also been submitted to the Stock Exchange on which the Company's equity shares are listed as per the requirements of the Listing Agreements to enable them to put them on their own web sites. These were also put up on the Company's website www.sswlindia.com . All the official news released and submitted by the Company to the Stock Exchanges are also displayed on the web site of the Company.

TRANSFER OF UNCLAIMED DIVIDEND TO INVESTOR EDUCATION AND PROTECTION FUND:

The Company has been paying Dividend regularly for last Seventeen years (except for the year 2008-09), starting from the year 1996-97. Some amount of the dividend remain lying unclaimed in the "Unpaid Dividend Accounts" being maintained by the Company with HDFC Bank limited, Sector 8, Chandigarh, Axis Bank Ltd., Sector 35 Chandigarh and Yes Bank Ltd, Worli Branch, Nehru Centre,4th floor, Discovery of India, Dr.A.B.Road, Worli, Mumbai 400018. In compliance with the provisions of Section 124 (5) of the Companies Act, 2013, the unpaid dividend for the year 2006-2007 has already been transferred to the "Investor Education and Protection Fund. Further, the unpaid dividend for the year 2007-2008 shall be transferred to the Investor Education and Protection Fund. The due date for such transfer is 4th November 2015 as per applicable provisions of Companies Act..

GENERAL SHAREHOLDER INFORMATION

(i) Annual General Meeting Date Time Venue

30th September 2015 11.00 AM

Vill. Somalheri/ Lehli, P.O. Dappar, Tehsil Dera Bass, District Mohali (Pb.)

(ii) Financial Year

1st Aprl to 31st March

(iii) Year Ending

31s March, 2015

(iv) Financial Calendar (tentative)

Results for quarter ending June 2015 2nd week of August, 2015

Results for quarter ending Sept. 2015 2nd week of November, 2015

Results for quarter ending Dec. 2015 2nd week of February, 2016

Results for quarter ending March 2016 Last week of May, 2016

(v) Book Closure date

24-09-2015 to 30-09-2015 (both days inclusive)

(vi) Dividend Payment date

October 2015.

(vii) Listing on stock Exchange

The Bombay Stock Exchange and the National Stock Exchange

(viii) Listing fee

The Company has paid listing fees to both the above stated Stock Exchanges and there is no outstanding payment as on date.

(ix) Stock code;

Bombay stock Exchange (BSE) National Stock Exchange

513262 SSWL

(ix) ISIN No. of the Company’s shares in Demat form

INE802C01017 (with NSDL and CDSL).

xi) Registrar and Transfer Agents Name and address:

Link Intime India Pvt. Ltd.

44, Community Center, 2nd Floor, Naraina Industrial Area, Phase- I, Near PVR Naraina,New Delhi 110028 Phone Number:01141410592,93,94

Fax Number:011-41410591

Email: delhi@linkintime.co.in

(xii) Place for Acceptance of documents:

Documents will be accepted at: Link Intime India Pvt. Ltd.

44 Community Center 2nd Floor Naraina Industrial Area Phase- I Near PVR Naraina, New Delhi 110 028

(xiii) Share Transfer System

93.75%of the shares of the Company are in electronic form. Transfer of these shares is done through the depositories with no involvement of the Company. As regard transfer of shares held in physical form, the transfer document can be lodged with the Registrar and Transfer Agents i.e. Link Intime India Pvt. Ltd.

Transfer of shares in physical form is normally processed within 12 to 15 days from the date of receiptif the documents are complete in all respect.

(xiv) Distribution of Shareholding.

DEMATERIALIZATION AND PHYSICAL TRANSFER OF SHARES:

The Company's script forms part of the Compulsory demat segment for all investors. The Company has established connectivity with both the Depositories viz. National Securities Depository Limited (NSDL) and Central Depository Services (India) Limited (CDSL) through the Registrar M/s Link Intime India Pvt. Ltd., 44, Community Center 2nd floor, Naraina Industrial Area, Phase I, Near PVR, Naraina, New Delhi 110 028. The Company had also appointed M/s Link Intime India Pvt. Limited as common Agency to look after dematerialization of shares as well as for physical transfer of shares.

As on 31 -03-2015 there were 10637 shareholders of the Company. Out of these 6853 shareholders were holding 14305752 (93.75%) equity shares in the dematerialized form and rest of them i.e 3784 shareholders were holding 953418 (6.25%) equity shares in physical form.

Outstanding GDRs/ADRs Warrants of any convertible instruments, conversion date, likely impact on equity.

There is no outstanding GDR/ADR or any Convertible instrument.

CORPORATE IDENTIFICATION NO.:

L27107PB1985PLC006159

PLANT LOCATION

(a) Village Somalheri/ Lehli, P.O. Dappar,Tehsil Dera Bassi, District Mohali (Punjab)

(b) Plot no. A-10, SIPCOT Industrial Growth Centre, Vallam Village, Sriperumbudur, (Tamil Nadu)

(c) Mouza Jojobera, P. O. & P. S. Chhota Govindpur East Singhbhum district Jamshedpur, (Jharkhand)

ADDRESS FOR CORRESPONDENCE:

To the Registrar & Share Transfer Agents

To the company

Link Intime India Pvt. Ltd.

Steel Strips Wheels Limited S.C.O. 49-50, Sector 26 Madhya Marg, Chandigarh -160019

44, Community Center, 2nd Floor, Naraina Industrial Area, Phase-1, Near PVR Naraina, New Delhi 110 028

Phone Number : 011-41410592,93,94 Fax Number: 011-41410591

Email: delhi@linkintime.co.in

Contact Persons: Sh. V. M. Joshi or Sh. Swapan Nasker

Phone No. 0172- 2793112

Email ID: mljain@sswlindia.com  

shamanjindal@sswlindia.com

Contact Person: Sh. M.L Jain

Sh. Shaman Jindal

On behalf of Board of Directors

RAJENDER KUMAR GARG

CHAIRMAN

Place : New Delhi

Date : 01.08.2015