Steel Strips Wheels has scheduled its 40th Annual General Meeting (AGM) for Wednesday, September 30, 2026. The meeting will commence at 11:00 am at the company's registered office in Mohali, Punjab.

The notice was issued pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. It provides shareholders with access to the Annual Report for FY26 and the AGM notice via the company's website.

Meeting and Voting Schedule

Shareholders can participate through remote e-voting or attend the physical meeting. The voting window opens on Sunday, September 27, 2026, and closes on Tuesday, September 29, 2026.

MUFG Intime India Private Limited serves as the remote e-voting service provider.

Shareholder Compliance Updates

The company reminded security holders in physical form to update their KYC details under SEBI Master Circular No. HO/38/13/(4)2026-MIRSDPOD/II/4298/2026 dated February 6, 2026. This includes providing PAN, address, email, mobile number, bank account details, specimen signature, and nomination choices.

Payments for folios missing these details will be made only electronically effective April 1, 2024. Shareholders are encouraged to register email addresses to receive documents electronically and support green initiatives.

Steel Strips Wheels has submitted its Business Responsibility and Sustainability Report (BRSR) for the financial year ended March 31, 2026, to the stock exchanges. The filing outlines the company’s environmental, social, and governance performance, highlighting a strategic shift toward renewable energy despite an overall increase in total energy consumption.

The company reported a turnover of ₹51,828 crore and a net worth of ₹16,819 crore as of March 31, 2026. These figures establish the scale against which its sustainability metrics are measured, with CSR applicability confirmed under Section 135 of the Companies Act, 2013.

Energy and Emissions Data

Total energy consumption rose to 14,41,390 GJ in FY26, up from 12,83,756 GJ in FY25. This increase was driven primarily by higher non-renewable energy usage, which climbed to 12,85,049 GJ from 11,26,075 GJ in the prior year. Conversely, renewable energy consumption saw a marginal decline to 1,56,341 GJ from 1,57,681 GJ.

Despite the rise in absolute energy use, efficiency metrics showed mixed results. Energy intensity per rupee of turnover improved slightly to 2.78 GJ/lakh rupees from 2.89 GJ/lakh rupees. However, energy intensity in terms of physical output increased marginally to 3.68 GJ/MT from 3.63 GJ/MT.

Greenhouse gas emissions also reflected this trend. Scope 1 emissions rose to 49,457 metric tonnes of CO2 equivalent from 43,676 metric tonnes, while Scope 2 emissions increased to 1,02,977 metric tonnes from 91,553 metric tonnes. Total Scope 1 and Scope 2 emission intensity per rupee of turnover decreased to 0.29 metric tonnes/lakh rupees from 0.31 metric tonnes/lakh rupees.

Water and Waste Management

Water withdrawal increased to 5,87,521 kilolitres from 5,24,683 kilolitres. The company maintains a Zero Liquid Discharge (ZLD) system, with no water discharged outside the plant premises. Water intensity per rupee of turnover improved to 1.13 KL/lakh rupees from 1.18 KL/lakh rupees.

Total waste generated rose to 96,241 metric tonnes from 88,637 metric tonnes. Of this, 95,009 metric tonnes were recycled, representing a high recovery rate. Waste intensity per rupee of turnover declined to 0.19 tonnes/lakh rupees from 0.20 tonnes/lakh rupees.

Social Metrics and Governance

The company employed 2,431 permanent employees and 7,783 workers as of March 31, 2026. Female representation among permanent employees stood at 3.13%, while it was 1.35% among workers. The turnover rate for permanent employees was 31.5%, compared to 20.87% in FY25.

Intertek India Private Limited provided reasonable assurance on the core disclosures of the BRSR. The company reported no fatalities among employees and one fatality among workers in FY25, with zero fatalities in both categories for FY26. Lost Time Injury Frequency Rate (LTIFR) for employees was 0.26 per million person-hours worked, up from 0.13 in FY25.

What the Numbers Show

The divergence between rising absolute energy consumption and improving revenue-based energy intensity suggests that production volumes or revenue growth outpaced the increase in energy input. While total energy use grew by approximately 12.3%, the turnover base expanded sufficiently to lower the energy cost per unit of revenue. However, the rise in physical output intensity indicates that the manufacturing process itself became slightly less energy-efficient per tonne produced, potentially pointing to a shift in product mix or operational load that warrants monitoring alongside renewable energy investments.