Steel Strips Wheels Corrects CFO Appointment Details, Clarifies Rahul Kumar's Qualifications

Steel Strips Wheels Limited (SSWL), a leading manufacturer of automotive wheels, has issued a correction to its earlier announcement regarding the appointment of Rahul Kumar as Chief Financial Officer (CFO). The company has rectified a typographical error in Kumar's qualifications, providing more accurate information about his professional credentials.

Correction Details

The company clarified that Rahul Kumar has passed Level III of the Chartered Financial Analyst (CFA) Program, rather than being described as a Chief Financial Analyst as previously stated. This correction ensures a more precise representation of Kumar's qualifications and aligns with the standard terminology used in the financial industry.

Rahul Kumar's Professional Background

Rahul Kumar brings a robust financial background to his role as CFO at Steel Strips Wheels Limited. His qualifications and experience include:

Qualified Chartered Accountant (CA)
Passed Level III of the CFA Program
Graduate degree in Commerce
Over 8 years of experience in finance, accounts, and commercial control
Associated with SSWL since 2022
Previous experience in healthcare, technology, and ed-tech industries

Areas of Expertise

Kumar's expertise encompasses several critical areas of financial management:

Financial reporting
Internal audit
Management Information Systems (MIS)
Cost optimization through data analytics
ERP implementation
Digital transformation projects

Appointment Details

The appointment of Rahul Kumar as Chief Financial Officer became effective from November 12, 2025. As a Key Managerial Personnel, Kumar is expected to play a crucial role in SSWL's financial strategy and operations.

Company's Commitment to Transparency

By issuing this correction, Steel Strips Wheels Limited demonstrates its commitment to accurate disclosure and transparency in its corporate communications. This attention to detail in reporting executive appointments and qualifications is crucial for maintaining investor trust and complying with regulatory requirements.

About Steel Strips Wheels Limited

Steel Strips Wheels Limited is a prominent player in the automotive wheel manufacturing sector. The company designs and manufactures a wide range of steel and alloy wheels for various vehicle types. SSWL has been focusing on expanding its production capacity and improving its product mix, with a particular emphasis on the high-margin alloy wheels segment.

The appointment of a qualified CFO like Rahul Kumar aligns with SSWL's strategic goals and may contribute to the company's financial management and growth initiatives in the competitive automotive components industry.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+1.25%	-0.65%	-16.28%	-20.93%	-5.81%	+282.47%

Steel Strips Wheels Limited (SSWL) has announced its unaudited financial results for the quarter and half year ended September 30, 2025, along with a key management change. The company has also made strides in improving its corporate governance practices.

Financial Performance

SSWL reported consolidated revenue from operations of ₹1,20,056.91 lakh for the quarter ended September 30, 2025. The company's profit before tax for the same period stood at ₹5,256.66 lakh.

Key Financial Highlights (Q2 FY2026)

Particulars	Amount (₹ in lakh)
Revenue from Operations	1,20,056.91
Other Income	92.16
Total Income	1,20,149.09
Profit Before Tax	5,256.66
Profit After Tax	3,452.62

New CFO Appointment

SSWL has appointed Rahul Kumar as its new Chief Financial Officer, effective November 12, 2025. Kumar brings experience to the role, with over eight years in finance and accounts.

Rahul Kumar's Profile:

Qualified Chartered Accountant
CFA Level III certification
Graduate degree in Commerce
Associated with SSWL since 2022
Expertise in financial reporting, internal audit, MIS, cost optimization through data analytics, ERP implementation, and digital transformation projects

Corporate Governance Enhancement

The Board of Directors has taken steps to improve the company's corporate governance framework. They have authorized specific personnel for determining the materiality of events and making disclosures to stock exchanges. This move aligns with regulatory requirements and enhances transparency in corporate communications.

Comprehensive Financial Reporting

SSWL's financial results include both standalone and consolidated financial statements, accompanied by auditors' limited review reports. This approach provides stakeholders with a view of the company's financial position and performance across its operations.

The company's measures in financial reporting and management appointments reflect its commitment to maintaining investor confidence and adhering to practices in corporate governance.