Steel Strips Wheels Limited Releases FY25-26 Business Responsibility & Sustainability Report
Steel Strips Wheels Limited (SSWL) has released its Business Responsibility and Sustainability Report (BRSR) for FY2025-26. The report details company operations, financial standing, and sustainability initiatives. SSWL's primary business is auto component manufacturing, with 100% turnover from steel and alloy wheel rims and steering knuckles. The company operates across 32 locations nationally and serves 22 countries.
The filing of a Business Responsibility and Sustainability Report is a standard compliance requirement and does not typically have a direct or immediate financial impact on the company's stock or operations. It provides information on the company's ESG practices.
The announcement is a routine filing of the Business Responsibility and Sustainability Report, which is a standard disclosure requirement. It does not contain any new financial results, strategic decisions, or operational changes that would significantly impact the company's outlook.
Steel Strips Wheels Limited (SSWL) has submitted its Business Responsibility and Sustainability Report (BRSR) for the Financial Year 2025-26. This report, along with an Independent Reasonable Assurance Report on BRSR Core from Intertek India Private Limited, has been filed with the BSE and NSE.
The BRSR covers SSWL's operations for the financial year April 1, 2025, to March 31, 2026. The report details the company's corporate identity, registered office, and corporate address, with its paid-up capital standing at ₹15,71,80,425 as of March 31, 2026. The company's primary business activity is the manufacturing of auto components, including Steel Wheel rims, Alloy Wheel rims, and Aluminium Steering Knuckle, accounting for 100% of its turnover.
SSWL operates across 32 locations nationally, with 5 plants and 27 offices, and is establishing a new plant in Bhuj, Gujarat. The company serves 18 states and 3 Union Territories in India and exports to 22 countries, with exports contributing 8.75% to the total turnover. As of March 31, 2026, the company employed 2,431 individuals and engaged 7,783 workers. The report also highlights the company's commitment to CSR, with a turnover of ₹51,82,80,24,615 and a net worth of ₹16,81,98,05,627 for FY2025-26.
The BRSR outlines the company's approach to various material responsible business conduct issues, including ethics and compliance, health and safety, employee productivity and retention, competition, social costs, community well-being, climate and environment, water security, supply chain management, energy management, and information/cyber security. SSWL emphasizes its commitment to reducing its environmental footprint through renewable energy adoption, water conservation, and waste minimization.
A plain-language summary of a public exchange filing by Steel Strips Wheels Limited. Read the original for the full detail.