Steel Strips Wheels Ltd Announces Resignation of Deputy Managing Director
Steel Strips Wheels Ltd has announced that Mohan Joshi has resigned from his position as Deputy Managing Director (Executive Director). The resignation is effective from the close of business hours on June 03, 2026.Mr. Joshi submitted his resignation stating that the decision was made to attend to personal health and to dedicate time towards his family.
In addition to stepping down as Deputy Managing Director, Mr. Joshi will cease to hold several key roles within the company following his departure. These capacities include serving on the Audit Committee, the Corporate Social Responsibility & Sustainability Committee, the Risk Management Committee, and the Finance Committee of the Company. He also ceases to be a Key Managerial Personnel (KMP) of Steel Strips Wheels Ltd.
The details regarding Mr. Joshi’s professional roles and cessation date are summarized below:
| Particular | Detail |
|---|---|
| Position | Deputy Managing Director (Executive Director) |
| Cessation Date | Close of business hours on 03/06/2026 |
| Reason for Change | Resignation due to personal health and family commitments |
Mr. Joshi expressed gratitude for the meaningful chapters served at Steel Strips Wheels Ltd, thanking the company’s leadership team for the trust and confidence placed in him over the years.
SSWL Stock Price Movement
Steel Strips Wheels Limited saw shares gain strongly today in the post-market session, closing at ₹217.20 after the stock edged up 3.54%. The equity traded within a range spanning from ₹207.18 to ₹219.40 and recorded a volume of 1.14 million shares during the trading day.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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