steel strips wheels has announced the resignation of Mohan Joshi from the post of Deputy Managing Director (Executive Director). The resignation is effective from the close of business hours on June 3, 2026, as the executive steps down to attend to personal health and family commitments.

Joshi has also resigned from his membership on key board committees, including the Audit Committee, Corporate Social Responsibility & Sustainability Committee, Risk Management Committee, and Finance Committee. In his resignation letter addressed to the Board of Directors, he confirmed that there are no other material reasons for his departure aside from the stated personal reasons.

The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Joshi expressed gratitude to Sh. Dheeraj Garg, Managing Director, and the leadership team for the trust placed in him during his tenure.

Key Details of Resignation

Steel Strips Wheels has released the audio recording of its Q4FY26 earnings conference call held on Tuesday, June 2, 2026, accessible via the company's official website. The call, attended by analysts and institutional investors, covered the company's financial performance for the quarter as well as detailed forward-looking guidance for FY27 and FY28. The intimation was signed by Kanika Sapra, Company Secretary & Compliance Officer, and was made in compliance with Regulation 30(6) read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that no unpublished price sensitive information was shared during the interaction.

Conference Call Details

FY27 Financial Guidance

Management outlined a comprehensive set of financial targets for FY27. Total EBITDA is projected to be close to INR 650 crores, with an upward bias, and could reach INR 700 crores to INR 750 crores in FY28. The company also projects an EBITDA per wheel of close to INR 300 for FY27, up from INR 272 in FY26, with a potential further increase of approximately 10% in FY28. PAT growth of 15% to 20% is expected for FY27, driven by flourishing domestic and export segments.

Export and Capacity Utilization Targets

Export revenue is expected to be around INR 600 crores for FY27, which would be the second highest ever, driven by rationalized tariffs and diversified market access. On the operational side, the company aims for almost 100% utilization of all commissioned assets in FY27, specifically targeting 95% utilization for steel plants. Brownfield expansion in steel wheels will increase tractor capacity by 15% to 20% OTR, with new paint shops and rim lines expected to come online around October to December.

New Bhuj Facility and CapEx Plans

The new Bhuj facility represents a significant growth driver, with a CapEx of INR 500 crores allocated for aluminum wheels (1.2 million units) and knuckles (1.1 million units). At full utilization, the facility is expected to add INR 700–800 crores in revenue. Trial production is set to begin from October and culminate in January, with significant utilization of 70% or higher expected in FY28. To fund ongoing expansion, debt is projected to increase by approximately INR 200 crores in FY27 due to CapEx, with a review planned for September.

EV Segment Outlook

The EV segment, particularly scooters and 3-wheelers, is expected to grow significantly, with management guiding for 25% to 40% growth for the full year. Steel Strips Wheels highlighted its near-monopoly supplier position for EV scooter wheels as a key competitive advantage underpinning this growth trajectory.