STEEL STRIPS WHEELS LTD.

CIN: L27107P81985PLC0061 59

4,*,, STRIPSGROUP
Head Office :
SCO 49-50, Sector-26,
150/T516949 Certified

Madhya Marg, Chandigarh-160 019 (lNDlA)

Tel. : +91 -1 72-2793112, 2790979, 2792385
Dated: 24.01..2022 Fax : +91 -1 72-2794834 I 2790887
Website : www.sswlindia.com
Bombay Stock Exchange Limited The National Stock Exchange of lndia Limited
Department of Corporate Services, Exchange Plaza,
Phiroze Jeejeebhoy Towers, Plot No. C/1, G Block,
Dalal Street, Bandra-Kurla Complex, Bandra (E),
Mumbai - 400 001 Mumbai - 400 051
BSE Code: 5L3262 NSE Code: SSWL

Subject: Outcome of Meeting of Board of Directors of the Company

Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBl
Regulations"), we wish to inform you that the Board of Directors of the company in its meeting held today i.e.
24.01.2022, have interalia approved the following:-

1. Upon recommendation of the Audit Committee, the Board of Directors has approved the Un-Audited Financial
Results as per lndian Accounting Standards (lND AS)for the quarter and nine months ended 31" December, 2021
(enclosed herewith).

The Board of Directors took note of the Limited Review Report of the Statutory Auditors on the Un-Audited
Financial Results for the quarter and nine months ended 31't December, 2021(enclosed herewith).

The Limited Review Report of the Statutory Auditors is with unmodified opinion with respect to the Un-Audited
Financial Results of the Company for the Quarter and nine months ended 31st December, 2021.

Pursuant to Regulation 33 of SEBI Regulations, enclosed please find the following:

- Auditor's Limited Review Report on Un-Audited Financial Results of the Company (Annex- A)
- Un-Audited Financial Results for the Quarter and nine months ended 31't December, 2021(Annex- B)

2. Took note of the letter received from the National Stock Exchange of lndia Limited (NSE) via email vide letter ref.
no. NSE/LIST/SOP/ SSWL dated 30.11.2021 w.r.t. our request for waiver of fine levied by the said exchange for the
delay in compliance with the Regulation 17(1) of the SEBI(LODR) Regulations, 2015. NSE confirmed that the
Company's request for waiver of fine could not be acceded, hence denied. BSE had already denied the waiver of
fine vide its letter dated 03.08.2027 and the same was taken note by board of directors in its meeting held on
03.09.2021.

The meeting commenced at 10:30 A.M and concluded at I l: 4 5 A.tq

Kindly take the same on your records please

Thanking you.
Yours faithfully,

For n ls Limited

Jindal)
Company Secretary
Encl: a/a

Regd. Office : Village Somalheri/Lehj,

|.9.?"ppar, TehsilDerabassi, Distt. Mohati, punjab (tndia)
Tel.: +91 (1762) 275249,275872,2T5173 Fax: +91 (1762)2tS22B
Email : admin@sswlindia.com Website : www.sswlindia.com'
Works : Plot No. 733-735 &747,Moja-Jojobera, p.O.-Chhota Govindpur, Jamshedpur
Distt. East Singhbhum, Jharkhand (tndia)
Phone : +91-657-2277753, Fax: +91-657-22777il
ANNEXURE A
 ANNEXURE B

STEEL STRIPS WHEEI.S LIMITED

CIN: L2?10?PBt985PLC006l59
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STATEMENT OF PROFIT AND I,OSS FOR THE QUARTERAND NINE MONTHS ENDED llst DECEMBER 2O2l
,5---
?E b. (E!.Pt EPq

Ni.. Moarh. En&d

S.No. Particulars
31et Dec 2021 30th S€pt 2021 3lst Dcc 2020 3ler Dcc 2021 31st Dec 2020 3lst March 2021
Uneudircd Unaudited Unaudi.cd Unaudited Unaudited

I Revmue from opeations 86,052.26 95,804.20 52,454.13 2,49,669.12 1,04,954.29 1,14,941 .53
II Other lncome 169.39 358.36 319.84 755.06 984.03 1,631.81
Total income(I+II) 86,22t.65 96,162.56 52,833.97 2,50,424.18 1,0s,938.32 1,76,573.34
III Expenses
Cost of materials consumed 51,021.68 56,886.86 32,209.40 1,53,997.75 63,079.26 1,08,236.99
Chmge in inventoties of fmished goods, sttrk ifl
b tnde md work -in-progess (60.4s) 184.57 (s71.e0) (2,771.0e) 1,465.53 I,670.88
Employee benefit expmses 5,546.71 5,205.86 4,884.1 9 15,492.61 9,550.24 15,294.4'7

d Finmce costs 2248.00 2,374.16 2,044.58 6,594.99 6,463.08 8,393.14

Depreciation ud monisation expmses 2,024.07 2,013.20 1,788.02 5,193.31 5,315.03 1 ,237.13
Other expmses 18,882.19 19,822.25 9,379.36 48,807.55 19,091.95 29,363.74

Total Expensesl-i.a to f) 79,662.20 86,487.10 49,733.65 2,27,9t5.12 1,04,965.09 1,70,190.35

Profit/(los$ befote exceptiond items md tu 6,559.45 9,675.46 3,100.32 22,509.06 973.23 6,382.99
IV
0+rr-rrD
itms (0.0s) 0.09
Profit/Qoss) before tax after exceptional 6,559.45 9,675.51 3,100.32 22,509.06 973.23 6,382.90
VI
:v)

vlr exPense:

Current tax 1,624.99 3,179.36 5,780.33 453.52

Deferted ux 665.3 l 215.88 ?24.55 1,070.83 504.14 1,004.36
4,269.15 6,280.27 2,875.77 15,657.90 469.09 4,925.02
\1It
for the pedod after Tu (VI-VI!
266.18 (2s6.s8) (5r,.3s) 19.40 9.80 9.80
tx Comprehensive Incme/(toss) (net of tu)

Compreher.sivc Income for the pcriod 4,s35.33 6,023.69 2,819.42 t5,677.30 178.89 4,934.82
.1: I + IX)(Comprising Prc6t/(rss) md Other
Income for the pedod)
e<1uity share capial (Face ulue of Rs I0 1,560.95 1,560.95 1,J(r).95 r,56,,.95 1,560.95
XI
share)

(excluding Revalutioo Resefle) 6 68,088.22

xII in the audited Balance Sheet of the
yezt

XIII per equiq' share in Rs.

Basic (in t) 13.6'i 20.12 9.21 50.1 6 1.50 15.78
13.64 20.01 9.19 50.03 1.50 15.7 4
Diluted

Notce :

abovefinancial resultshavebeenreviewedbyAuditCommittee andapprovedbytheBoardofDirectorsoftheCompanyintheirmeetingheldon

1 24th January 2022. The statutory audltors have carried out Limited review of the accounts for the quarter and Nine Months ended 31st December
2027.

Chief Operating Decision Maker "CODM" reviews the operation of the company as a whole, hence there are no reportable segments as per Ind AS
2
108 "Operating Segments"
financial results ofthe Company have been prepared in accordance with the Indian Accounting Standards (lNO AS) as notlfied by Ministry of
Corporate Affairs pursuant to Section 133 of the Companies Act 2013 read with rule 3 of the Companies (Indian Accounting Standard) rules, 2015,
3
Companies (Indian Accounting Standards) amendment rules 2016 and in terms of regulation 33 of the SEBI (Listing Obligations and Dlsclosure
Requirements) Regulations, 2015, SEBI circular dated luly 05, 2016 and other accounting prlnciples generally accepted ln India.

4 figures for the corresponding previous periods have been restated/regrouped, wherever necessary, to make them comparable.

oh
 the shareholders at the Annual General Meeting of the Company held on 30.09.202 1, the existing 1 (one) equity share of
5 was su bd ivided into 2 (Two) equity shares of face va lue of Rs. each, with effect from the record date, i.e.,22.n.ZOZl.
on the ratio of sub-division, the share capital of the Company pre and post sub-division is be as follows:-

Pre Sub-divislon Post Sub-dlvislon

Value per Value per

of Shares of shares

Authorlzed Share Capltal

1200000 145 1200000 145

19000000 10 38000000 5

Issued, Subscrlbed and Pald-up Share Capltal

15609470 10 31 218940 5

note that there is no change in Optionally Convertible Preference shares of the Company.

to the aforesaid sub-division of equity shares of the Company, the basic and diluted earnings per share have been computed for all the
6 presented in the Standalone Financial Results of the Company on the basis of the new number of equity shares in accordance with Ind AS 33
per Share.

: ChandiSarh
fhte . 2.lt\ Jrnu.ry 202: M Dheenj Grg