Steel Strips Wheels Limited has entered into a significant lease agreement with its wholly owned subsidiary AMW Autocomponent Limited (AACL) to establish new manufacturing capabilities in Gujarat. The transaction involves leasing an entire manufacturing facility on an "as is where is basis" for setting up production units for alloy wheels and aluminum steering knuckles.

Lease Agreement Details

The lease agreement covers a substantial property located at Administrative Building, Bhuj-Bhachau Road, Near Village Kannaiyabe, Kachchh, Bhuj, Gujarat. The facility spans an area of 288,793.19 sq. mt. and includes land, buildings, sheds, structures, rights, fixtures, utilities, and facilities.

Manufacturing Capacity Plans

AACL plans to establish two distinct manufacturing units at the leased facility, each targeting different automotive components with specific production capacities.

Alloy Wheels Production Unit

The alloy wheels manufacturing unit represents the larger of the two planned facilities, designed to serve both domestic and export markets.

Aluminum Steering Knuckle Production Unit

The aluminum steering knuckle facility focuses on lightweight components for passenger vehicles, addressing the growing demand for weight reduction in automotive applications.

Investment and Financing Strategy

The total estimated capital expenditure for both manufacturing units amounts to ₹420.00 crores. The company plans to finance this investment through a flexible approach that includes debt financing, internal accruals, or a combination of both financing methods.

Strategic Rationale

The capacity addition aligns with the company's growth strategy in the automotive components sector. For alloy wheels production, the expansion addresses estimated growth in the automotive industry and rising demand from both domestic and export markets. The aluminum steering knuckle unit targets the increasing penetration of aluminum components in the domestic market, particularly for light-weighting applications in passenger vehicles to improve efficiency and performance.

Regulatory Compliance

The transaction has been disclosed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. As a related party transaction with a wholly owned subsidiary, the agreement is structured on an "arm's length" basis. Both manufacturing units are subject to receipt of necessary statutory and regulatory approvals and clearances before commencing operations in Q4 of FY 2026-27.

Steel Strips Wheels Limited has submitted its mandatory quarterly report to BSE and NSE regarding the status of physical share transfer re-lodgement requests. The report, dated December 12, 2025, was filed in compliance with SEBI Circular No. SEBI/HO/MIRSD/MIRSD-PoD/P/CIR/2025/97 dated July 02, 2025.

Regulatory Compliance Report

The report was prepared by MUFG Intime India Private Limited, the company's registrar and share transfer agent, covering the status as of December 07, 2025. The document provides details on requests received from shareholders for re-lodgement of transfer requests for physical shares under the special window provided by the SEBI circular.

Shareholder Awareness Initiatives

Steel Strips Wheels Limited has undertaken comprehensive publicity initiatives to create awareness among shareholders regarding the special window for share re-lodgement of transfer deeds. The company implemented multiple communication channels to ensure maximum reach to its shareholder base.

Publication and Communication Efforts

The company's awareness campaign included several key components:

• Newspaper Publications: Notices were published in English and regional language newspapers, specifically Financial Express and Desh Sewak, on July 25, 2025, and October 15, 2025
• Social Media Outreach: An awareness notice was shared on the company's official LinkedIn profile on October 06, 2025
• Website Disclosure: The newspaper notice was uploaded on the company's website at https://sswlindia.com/investors/publication/ for easy shareholder access

Stock Exchange Communication

The report was simultaneously submitted to both major Indian stock exchanges where Steel Strips Wheels Limited shares are listed. The communication was addressed to the Department of Corporate Services at BSE Limited and The National Stock Exchange of India Limited.

Company Information

Steel Strips Wheels Limited operates with its head office located at SCO 49-50, Sector 26, Madhya Marg, Chandigarh 160019. The company maintains ISO/TS16949 certification and is part of the Steel Strips Group. The registered office is situated at Village Somalheri/Lehii, P.O. Dappar, Tehsil Derabassi, District Mohali, Punjab.

The report was signed by Kanika Sapra, Company Secretary and Compliance Officer, ensuring proper authorization and compliance with regulatory requirements. This submission demonstrates the company's commitment to maintaining transparency and adhering to SEBI guidelines for physical share transfer processes.