As per attachment enclosed

STEEL STRIPS WHEELS LTD. CIN: L27107P8J985PLC006159 Head Office 150/T516949 Certified srEELs rRrPs GRo.tP SCO 49-50. Sector 26. lvladhya Marg, Chandigarh 160 019 (lNDlA) rel : +91 172-2793112. 2790979. 2792385 Fax : +91 172-2794834 | 2790887 Website : www.sswlindia.com D ate : 27 .O7 .2026 Limited BSE The National Stock Exchanqe of India Limited Department ot Corporate Services, Exchange plaza, Towers, Phiroze Jeejeebhoy Plot No. C/1, G Block, Street, Dalal Bandra-Kurla Complex, Bandra (E), lvlumbai - 400 001 tyumbai - 400 051 BSE Scrip Code: 513262 NSE Symbol: SSWL Subject: Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations/ 2015: Transcripts of Conference Call - Ana lysts/ Institutional Investors Meet Dea r Sir/Ma'am, Please find enclosed the transcripts with respect to "Q1Fy27 Results Conference Call', held with Ana lysts/Institutiona I Investors on 16.O7.2026, The aforesaid transcript is also available on the Company's website at https //sswlindia.com/investors/analvsts-investors-meetings/. Kindly take the above on your records please. Than king you. Yours faithfully,. For Steel Strips Wheels Limited (Kanika Sapra) Company Secretary & Compliance Officer Regd. Of{ice: Village Somalheri/Lehli, PO. Dappar, Tehsil Derabassi, Distt. N4ohali, Punjab (lndia) Tel. : +91 (1762) 275249, 275872,275173 Fax : +91 (1762) 275228 Email : hrdho@sswlindia.com Website : www.sswlindia.com “Steel Strips Wheels Limited Q1 FY27 Results Conference Call” July 16, 2026 MANAGEMENT: MR. DHEERAJ GARG – MANAGING DIRECTOR – STEEL STRIPS WHEELS LIMITED MR. RAHUL KUMAR – CHIEF FINANCIAL OFFICER, STEEL STRIPS WHEELS LIMITED MR. ADITYA DIXIT – EXECUTIVE DIRECTOR, INTERNATIONAL MARKETING & OPERATIONS – STEEL STRIPS WHEELS LIMITED MR. PRANAV JAIN – VICE PRESIDENT, FINANCE – STEEL STRIPS WHEELS LIMITED MODERATOR: MR. SMIT SHAH – ICICI SECURITIES Steel Strips Wheels Limited July 16, 2026 Moderator: Ladies and gentlemen, good morning, and welcome to the Steel Strips Wheels Limited Q1 FY27 Earnings Conference Call hosted by ICICI Securities. As a reminder, all participant lines will be in the listen-only mode and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call, please signal an operator by pressing star then zero on your touchtone telephone. Please note that this conference is being recorded. I will now hand the conference over to Mr. Smit Shah from ICICI Securities for opening remarks. Thank you, and over to you. Smit Shah: Thank you, Ryan. Good morning, everyone. On behalf of ICICI Securities, I would like to welcome you all to Q1 FY27 Earnings Call of Steel Strips Wheels Limited. Today, we have with us Mr. Dheeraj Garg, Managing Director; Mr. Rahul Kumar, Chief Financial Officer; Mr. Aditya Dixit, Executive Director, International Marketing and Operations; and Mr. Pranav Jain, Vice President, Finance. We will start the call with brief opening remarks from the management team about the quarter gone by, and then we'll proceed to the Q&A session. Thank you, and over to you, Dheeraj Sir. Dheeraj Garg: Good morning, everyone. Hope everyone is doing well. And I hope that everyone has had an opportunity to go through the financial results and investor presentation, which we have uploaded on the stock exchange and on our company website. I'm pleased to share that we have delivered another healthy quarter, reflecting the strength of our diversified business model, continued focus on premium products and improving operating efficiencies. Despite the war in West Asia and the volatility in commodity prices especially, our business has continued to demonstrate resilience across key segments. Now coming to the quarterly performance for Q1 FY27, the company reported a revenue of INR1,509 crores. This is a growth of about 27% year-on-year. The quarter witnessed healthy momentum across alloy wheels, tractor wheels, commercial vehicle segments, supported by improved domestic demand. Standalone EBITDA with other income for the quarter increased by 32% Y-o-Y and stood at INR165.17 crores. EBITDA per wheel for current quarter stands at INR314 per wheel as compared to INR262 per wheel in the Quarter 1 FY26. Margin percentages expanded during the quarter by 40 bps, driven by input increases received from OEMs other than raw materials, operating leverage, a favourable product mix and an increasing share of premium products and continued cost optimization initiatives across manufacturing facilities. The profit after tax grew 43% Y-o-Y to INR71.51 crores with PAT margin improving to 4.7%. This performance reflects the combined benefits of robust revenue growth, margin expansion and operating leverage. Our alloy wheel business, which contributes 35% continues to remain one of the strongest growth Page 2 of 15 Steel Strips Wheels Limited July 16, 2026 drivers of the company. The increasing penetration of alloy wheels across passenger vehicles, coupled with a leadership position in the domestic market enabled us to further strengthen this business. Our aluminium knuckle business is progressing in line with our expectations. Capacity expansion at our Bhuj facility is progressing as planned, and we remain focused on increasing customer approvals and commercial supplies. We believe this business will become an important growth engine over the medium term as lightweight aluminium components gain wider adoption across both ICE and electric vehicles. The Tractor segment continued to perform well during this quarter, supported by robust rural recovery, the shift towards higher horsepower mechanization, increase in healthy rural cash flows and stable replacement demand. This remains one of our highest value-added businesses and continues to contribute positively towards our overall profitability. The Commercial Vehicles segment also witnessed gradual improvement, supported by replacement demand, infrastructure-led investments and improving freight movement. While industry demand continues to remain uneven across certain categories, we remain optimistic about the medium-term outlook supported by increased government spending and improving economic activity. Over the last two years, we have consciously diversified our export portfolio by expanding our presence across Europe, Latin America and other international markets, thereby reducing our dependence on one single geography. This strategy has shown clear green shoots for exports market. Demand for the exports have started showing recovery yielding to positive results and improved business momentum. We continue to witness healthy traction from both existing and newly nominated customers. The normalization of global trade conditions, along with increasing customer confidence in India as a reliable sourcing destination continues to create new opportunities for us. We remain confident of further improving our export performance over the coming quarters through higher volumes, better customer mix and continued geographical diversification. The manpower challenges experienced during the previous year have now been fully resolved, enabling smoother production planning and better execution. Higher utilization across all our plant continues to improve operating leverage and supports margin expansion. Now as already conveyed, we are setting up two manufacturing facilities in Bhuj. The first is an aluminium wheel plant with an annual capacity of 1.2 million wheels, while the second is an aluminium knuckles facility with an annual capacity of 1.1 million units. We will be at about 6.2 million wheels in the aluminium segment and trial production is expected to commence in the fourth quarter of this current financial year. Looking ahead, we remain optimistic about our outlook for FY27, targeting a top line growth of 20% plus. We remain focused on enhancing profitability by increasing our EBITDA per wheel from around INR262 in the pre [Showing first 8,000 characters — download PDF for full document]