Steel Strips Wheels Board Approves Director Re-appointments, Borrowing Limit Hike

Steel Strips Wheels Ltd announced that its Board of Directors, in a meeting held on September 3, 2026, approved several key resolutions. These include the re-appointment of Sh. Dheeraj Garg as Managing Director and Sh. Sanjay Garg as Non-Executive Director, both subject to member approval at the upcoming AGM. The board also approved an enhancement of borrowing limits from Rs. 2,000 crore to Rs. 3,500 crore and the creation of security on company assets for borrowings, both pending member approval. Additionally, the company announced the 40th AGM will be held on September 30, 2026, with a record date of September 23, 2026. The appointment of new senior management personnel, Sh. Vineet Aggarwal and Sh. Amit Kumar Sharma, was also confirmed.