Steel Strips Wheels Limited (SSWL) has reported significant sales growth and record-breaking performance in its aluminium segment for October 2025. The company's latest financial results showcase a strong position in various market segments, particularly in aluminium and tractor sales.

Financial Highlights

SSWL achieved a notable increase in both net and gross turnover for October 2025 compared to the same period last year:

Segment-wise Performance

The company's performance varied across different segments:

Key Highlights

• Record Aluminium Sales: The aluminium segment showed exceptional growth, with a 47% increase in value and a 31% increase in volume year-over-year.
• Strong Tractor Segment: Tractor sales demonstrated robust growth, with a 16% increase in value and a 23% increase in volume compared to October 2024.
• Challenges in Some Segments: While the company saw growth in aluminium and tractor segments, it faced challenges in the two and three-wheeler segment, passenger car steel segment, and overall exports.

The company's performance in October 2025 indicates a strong position in the aluminium and tractor markets, offsetting declines in other segments. This diversified performance across various sectors showcases Steel Strips Wheels Limited's ability to navigate market fluctuations and capitalize on growth opportunities in specific segments.

The contrasting results across different segments highlight the company's varied market exposure, with significant growth in aluminium and tractor sales counterbalancing the declines in other areas, particularly exports and the passenger car steel segment.

Steel Strips Wheels Limited (SSWL), a prominent player in the automotive wheel manufacturing sector, has announced a significant change in its top management. Naveen Sorot, the company's Chief Financial Officer (CFO) and Key Managerial Personnel (KMP), has tendered his resignation, effective from the close of business hours on September 12, 2025.

Resignation Details

In a regulatory filing to the stock exchanges, SSWL disclosed that Sorot's decision to step down is driven by personal family matters necessitating his relocation to Gurgaon. The company shared Sorot's resignation letter, which expressed his inability to continue in his current role due to these personal circumstances.

Impact on Corporate Structure

Following Sorot's departure, several changes will take effect within the company's management structure:

1. Sorot will cease to be a member of the Risk Management Committee of the Board of Directors.
2. He will no longer serve as a Key Managerial Personnel authorized for determining the materiality of events for stock exchange disclosures under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
3. Sorot will step down from his position as Senior Management Personnel of the company.

Sorot's Tenure and Departure

In his resignation letter, Sorot expressed gratitude for the opportunity to serve SSWL, stating, "It has been an honor to serve the company and I am deeply grateful for the support and trust extended to me during my tenure." He also extended his wishes for the company's continued progress in the years ahead.

Company's Response

Kanika Sapra, Company Secretary & Compliance Officer of Steel Strips Wheels Limited, confirmed the resignation in the regulatory filing. The company has not yet announced a successor for the CFO position.

This development comes at a time when many companies are experiencing shifts in their top management due to various factors, including personal reasons and career moves. Steel Strips Wheels Limited will likely be focusing on ensuring a smooth transition in its financial leadership as it moves forward.

Investors and stakeholders will be keenly watching how SSWL manages this transition and who will be appointed to fill this crucial role in the company's financial management and strategy.