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.

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

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.

Steel Strips Wheels Limited demonstrated exceptional performance in its tractor segment during March 2026, with volume growth of 31% year-on-year reflecting robust agricultural demand. This strong tractor performance contributed to the company's record monthly sales achievement of Rs 520.75 crore, marking the first time the automotive component manufacturer crossed the Rs 500 crore monthly threshold.

Tractor Segment Leads Growth Performance

The tractor segment emerged as a standout performer with remarkable growth metrics during March 2026. The segment achieved 31% volume growth and 30% value growth compared to the same period last year, demonstrating strong market demand and the company's competitive positioning in agricultural vehicle components.

Overall Business Performance

Steel Strips Wheels Limited achieved record monthly sales of Rs 520.75 crore in March 2026, compared to Rs 433.70 crore in March 2025, representing a 20.07% year-on-year increase. The company's gross turnover reached Rs 603.92 crore, up from Rs 529.15 crore in the previous year, marking a 14.13% growth.

Comprehensive Segment Analysis

The company demonstrated varied performance across different vehicle segments, with the tractor division leading growth alongside strong performance in the 2&3 wheeler category. The truck segment also achieved its highest ever sales with 14% volume growth, while passenger car segments showed mixed results.

Market Position and Agricultural Demand

The exceptional tractor segment performance reflects strong agricultural sector demand and Steel Strips Wheels Limited's established market position in farm equipment components. The 31% volume growth indicates robust underlying demand from tractor manufacturers and demonstrates the company's ability to capitalize on agricultural market opportunities.

While export performance declined by 44% in value terms, the strong domestic performance, particularly in the tractor and 2&3 wheeler segments, offset international market challenges. The record monthly sales achievement establishes a new operational benchmark for the company and reinforces its competitive positioning in the automotive components sector.