| Scrip Code | 590073 |
|---|---|
| NSE Symbol | WHEELS |
| MSEI Symbol | NOTLISTED |
| ISIN | INE715A01015 |
| Name of company | Wheels India Limited |
| Type of company | Main Board |
| Class of security | Equity |
| Date of start of financial year | 01-04-2026 |
| Date of end of financial year | 31-03-2027 |
| Date of board meeting when results were approved | 29-10-2026 |
| Date on which prior intimation of the meeting for considering financial results was informed to the exchange | 22-10-2026 |
| Description of presentation currency | INR |
| Level of rounding used in financial results | Lakhs |
| Reporting Type | Quarterly |
| Reporting Quarter | Second quarter |
| Nature of report standalone or consolidated | Standalone |
| Whether results are audited or unaudited for the quarter ended | Unaudited |
| Whether results are audited or unaudited for the Year to date for current period ended/year ended | Unaudited |
| Segment Reporting | Multi segment |
| Description of single segment | |
| Start date and time of board meeting | 29-10-2026 12:40:00 |
| End date and time of board meeting | 29-10-2026 14:20:00 |
| Whether cash flow statement is applicable on company | Yes |
| Type of cash flow statement | Cash Flow Indirect |
| Declaration of unmodified opinion or statement on impact of audit qualification | Not applicable |
| Whether the company has any related party? | Yes |
| Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure? | Yes |
| (I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public | NA |
| (II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of banks staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure. | NA |
| Whether the company is a high value debt listed entity according to regulation 15 (1A)? | No |
| (a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication? | |
| (b) If answer to above question is No, please explain the reason for not complying. | |
| Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company? | Yes |
| Latest Date on which RPT policy is updated | 29-01-2026 |
| Indicate Company website link for updated RPT policy of the Company | wheelsindia.com/policies/ |
| Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter? | Yes |
| No. of times funds raised during the quarter | 2 |
| Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? | No |
| not applicable | |
| Particulars | 3 months/ 6 months ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |
|---|---|---|---|
| A | Date of start of reporting period | 01-07-2026 | 01-04-2026 |
| B | Date of end of reporting period | 30-09-2026 | 30-09-2026 |
| C | Whether results are audited or unaudited | Unaudited | Unaudited |
| D | Nature of report standalone or consolidated | Standalone | Standalone |
| 1 | Income | ||
| Revenue from operations | 1,58,503.00 | 2,96,546.00 | |
| Other income | 1,257.00 | 1,811.00 | |
| Total income | 1,59,760.00 | 2,98,357.00 | |
| 2 | Expenses | ||
| (a) | Cost of materials consumed | 1,14,831.00 | 2,10,472.00 |
| (b) | Purchases of stock-in-trade | 0.00 | 0.00 |
| (c) | Changes in inventories of finished goods, work-in-progress and stock-in-trade | (4,830.00) | (7,866.00) |
| (d) | Employee benefit expense | 16,708.00 | 31,771.00 |
| (e) | Finance costs | 2,878.00 | 5,562.00 |
| (f) | Depreciation, depletion and amortisation expense | 3,160.00 | 6,236.00 |
| (f) | Other Expenses | ||
| 1 | Other Expenses | 19,977.00 | 40,115.00 |
| Total other expenses | 19,977.00 | 40,115.00 | |
| Total expenses | 1,52,724.00 | 2,86,290.00 | |
| 3 | Total profit before exceptional items and tax | 7,036.00 | 12,067.00 |
| 4 | Exceptional items | 0.00 | 0.00 |
| 5 | Total profit before tax | 7,036.00 | 12,067.00 |
| 6 | Tax expense | ||
| 7 | Current tax | 1,763.00 | 2,861.00 |
| 8 | Deferred tax | (68.00) | 161.00 |
| 9 | Total tax expenses | 1,695.00 | 3,022.00 |
| 10 | Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement | 0.00 | 0.00 |
| 11 | Net Profit Loss for the period from continuing operations | 5,341.00 | 9,045.00 |
| 12 | Profit (loss) from discontinued operations before tax | 0.00 | 0.00 |
| 13 | Tax expense of discontinued operations | 0.00 | 0.00 |
| 14 | Net profit (loss) from discontinued operation after tax | 0.00 | 0.00 |
| 15 | Share of profit (loss) of associates and joint ventures accounted for using equity method | 0.00 | 0.00 |
| 16 | Total profit (loss) for period | 5,341.00 | 9,045.00 |
| 17 | Other comprehensive income net of taxes | (473.00) | (680.00) |
| 18 | Total Comprehensive Income for the period | 4,868.00 | 8,365.00 |
| 19 | Total profit or loss, attributable to | ||
| Profit or loss, attributable to owners of parent | |||
| Total profit or loss, attributable to non-controlling interests | |||
| 20 | Total Comprehensive income for the period attributable to | ||
| Comprehensive income for the period attributable to owners of parent | |||
| Total comprehensive income for the period attributable to owners of parent non-controlling interests | |||
| 21 | Details of equity share capital | ||
| Paid-up equity share capital | 2,686.00 | 2,686.00 | |
| Face value of equity share capital | 10 | 10 | |
| 27 | Details of debt securities | ||
| 22 | Reserves excluding revaluation reserve | ||
| 23 | Earnings per share | ||
| i | Earnings per equity share for continuing operations | ||
| Basic earnings (loss) per share from continuing operations | 21.76 | 36.86 | |
| Diluted earnings (loss) per share from continuing operations | 21.76 | 36.86 | |
| ii | Earnings per equity share for discontinued operations | ||
| Basic earnings (loss) per share from discontinued operations | 0 | 0 | |
| Diluted earnings (loss) per share from discontinued operations | 0 | 0 | |
| ii | Earnings per equity share | ||
| Basic earnings (loss) per share from continuing and discontinued operations | 21.76 | 36.86 | |
| Diluted earnings (loss) per share from continuing and discontinued operations | 21.76 | 36.86 | |
| 24 | Debt equity ratio | ||
| 25 | Debt service coverage ratio | ||
| 26 | Interest service coverage ratio | ||
| 27 | Disclosure of notes on financial results | Textual Information(1) | |
| Textual Information(1) | The above Standalone and Consolidated financial results of the Company have been prepared in accordance with Indian Accounting Standards (Ind AS)as prescribed under Section 133 of the Companies Act 2013 read with relevant rules thereunder The above results were reviewed by the Audit Committee and approved by the Board of Directors in their respective meetings held on October 29 2026 During the quarter ended 30th September 2026 the paid up capital of the Company was increased from Rs 244330120 to Rs 268623610 owing to Preferential allotment and allotment of shares to Qualified Institutional Buyers and the proceeeds were used for repayment of debt During the quarter NCLT order has been received for the merger of Forge 2000 P Ltd with Axles India Ltd which is an associate company of Wheels India Ltd with appointed date as 1st April 2025. Consequent to this, previous period numbers have been recasted in the consolidated financial statements. The Statutory Auditors of the Company has carried out a limited review of the Standalone and Consolidated figures for the quarter halfyear endedSeptember 30 2026. The Company operates in the following reportable segments: a Automotive Components and b Industrial Components. The segment information is provided to and reviewed by Chief Operating Decision Maker CODM. The reportable segment information for the corresponding previous periods have been modified to make them comparable. The figures for the previous quarter year have been regrouped rearranged wherever necessary to conform to the current period year |
|---|
| Debt equity ratio | |
|---|---|
| Debt service coverage ratio | |
| Interest service coverage ratio |
| Particulars | Year ended (dd-mm-yyyy) | |
|---|---|---|
| Date of start of reporting period | 01-04-2026 | |
| Date of end of reporting period | 30-09-2026 | |
| Whether results are audited or unaudited | Unaudited | |
| Nature of report standalone or consolidated | Standalone | |
| Assets | ||
| 1 | Non-current assets | |
| Property, plant and equipment | 1,40,137.00 | |
| Capital work-in-progress | 7,400.00 | |
| Investment property | 0.00 | |
| Goodwill | 3,180.00 | |
| Other intangible assets | 505.00 | |
| Intangible assets under development | 0.00 | |
| Biological assets other than bearer plants | 0.00 | |
| Investments accounted for using equity method | 0.00 | |
| Non-current financial assets | ||
| Non-current investments | 5,231.00 | |
| Trade receivables, non-current | 0.00 | |
| Loans, non-current | 0.00 | |
| Other non-current financial assets | ||
| 1 | Other non-current financial assets | 2,551.00 |
| Total of other non-current financial assets | 2,551.00 | |
| Total non-current financial assets | 7,782.00 | |
| Deferred tax assets (net) | 0.00 | |
| Other non-current assets | ||
| 1 | Other non-current assets | 4,851.00 |
| Total of other non-current assets | 4,851.00 | |
| Total non-current assets | 1,63,855.00 | |
| 2 | Current assets | |
| Inventories | 91,668.00 | |
| Current financial asset | ||
| Current investments | 0.00 | |
| Trade receivables, current | 91,407.00 | |
| Cash and cash equivalents | 2,657.00 | |
| Bank balance other than cash and cash equivalents | 59.00 | |
| Loans, current | 0.00 | |
| Other current financial assets | ||
| Total of other current financial assets | 1,305.00 | |
| Total current financial assets | 95,428.00 | |
| Current tax assets (net) | 0.00 | |
| Other current assets | ||
| 1 | Other current assets | 30,453.00 |
| Total of other current assets | 30,453.00 | |
| Total current assets | 2,17,549.00 | |
| 3 | Non-current assets classified as held for sale | 0.00 |
| 4 | Regulatory deferral account debit balances and related deferred tax Assets | 0.00 |
| Total assets | 3,81,404.00 | |
| Equity and liabilities | ||
| 1 | Equity | |
| Equity attributable to owners of parent | ||
| Equity share capital | 2,686.00 | |
| Other equity | 1,43,222.00 | |
| Total equity attributable to owners of parent | 1,45,908.00 | |
| Non controlling interest | ||
| Total equity | 1,45,908.00 | |
| 2 | Liabilities | |
| Non-current liabilities | ||
| Non-current financial liabilities | ||
| Borrowings, non-current | 22,664.00 | |
| Trade payables, non-current | ||
| (A) Total outstanding dues of micro enterprises and small enterprises | 0.00 | |
| (B) Total outstanding dues of creditors other than micro enterprises and small enterprises | 0.00 | |
| Total Trade payable | 0.00 | |
| Other non-current financial liabilities | ||
| 1 | Other non-current financial liabilities | 5,077.00 |
| Total of other non-current financial liabilities | 5,077.00 | |
| Total non-current financial liabilities | 27,741.00 | |
| Provisions, non-current | 1,290.00 | |
| Deferred tax liabilities (net) | 8,251.00 | |
| Deferred government grants, Non-current | 0.00 | |
| Other non-current liabilities | ||
| Total of other non-current liabilities | ||
| Total non-current liabilities | 37,282.00 | |
| Current liabilities | ||
| Current financial liabilities | ||
| Borrowings, current | 45,459.00 | |
| Trade payables, current | ||
| (A) Total outstanding dues of micro enterprises and small enterprises | 12,029.00 | |
| (B) Total outstanding dues of creditors other than micro enterprises and small enterprises | 1,05,188.00 | |
| Total Trade payable | 1,17,217.00 | |
| Other current financial liabilities | ||
| 1 | Other current financial liabilities | 7,322.00 |
| Total of other current financial liabilities | 7,322.00 | |
| Total current financial liabilities | 1,69,998.00 | |
| Other current liabilities | 17,550.00 | |
| 1 | Other current liabilities | 17,550.00 |
| Total of other current liabilities | 17,550.00 | |
| Provisions, current | 9,587.00 | |
| Current tax liabilities (Net) | 1,079.00 | |
| Deferred government grants, Current | 0.00 | |
| Total current liabilities | 1,98,214.00 | |
| 3 | Liabilities directly associated with assets in disposal group classified as held for sale | 0.00 |
| 4 | Regulatory deferral account credit balances and related deferred tax liability | 0.00 |
| Total liabilities | 2,35,496.00 | |
| Total equity and liabilites | 3,81,404.00 | |
| Disclosure of notes on assets and liabilities | ||
| Particulars | 3 months/ 6 month ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |||||
|---|---|---|---|---|---|---|---|
| Date of start of reporting period | 01-07-2026 | 01-04-2026 | |||||
| Date of end of reporting period | 30-09-2026 | 30-09-2026 | |||||
| Whether results are audited or unaudited | Unaudited | Unaudited | |||||
| Nature of report standalone or consolidated | Standalone | Standalone | |||||
| 1 | Segment Revenue (Income) | ||||||
| (net sale/income from each segment should be disclosed) | |||||||
| 1 | Automotive | 0.00 | 0.00 | ||||
| 2 | Industrial | 0.00 | 0.00 | ||||
| Total Segment Revenue | 0.00 | 0.00 | |||||
| Less: Inter segment revenue | 0.00 | 0.00 | |||||
| Revenue from operations | 0.00 | 0.00 | |||||
| 2 | Segment Result | ||||||
| Profit (+) / Loss (-) before tax and interest from each segment | |||||||
| 1 | Automotive | 0.00 | 0.00 | ||||
| 2 | Industrial | 0.00 | 0.00 | ||||
| Total Profit before tax | 0.00 | 0.00 | |||||
| i. Finance cost | 0.00 | 0.00 | |||||
| ii. Other Unallocable Expenditure net off Unallocable income | 0.00 | 0.00 | |||||
| Profit before tax | 0.00 | 0.00 | |||||
| 3 | (Segment Asset - Segment Liabilities) | ||||||
| Segment Asset | |||||||
| 1 | Automotive | 0.00 | 0.00 | ||||
| 2 | Industrial | 0.00 | 0.00 | ||||
| Total Segment Asset | 0.00 | 0.00 | |||||
| Un-allocable Assets | 0.00 | 0.00 | |||||
| Net Segment Asset | 0.00 | 0.00 | |||||
| 4 | Segment Liabilities | ||||||
| Segment Liabilities | |||||||
| 1 | Automotive | 0.00 | 0.00 | ||||
| 2 | Industrial | 0.00 | 0.00 | ||||
| Total Segment Liabilities | 0.00 | 0.00 | |||||
| Un-allocable Liabilities | 0.00 | 0.00 | |||||
| Net Segment Liabilities | 0.00 | 0.00 | |||||
| Disclosure of notes on segments | |||||||
| Particulars | 3 months/ 6 months ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |
|---|---|---|---|
| A | Date of start of reporting period | 01-07-2026 | 01-04-2026 |
| B | Date of end of reporting period | 30-09-2026 | 30-09-2026 |
| C | Whether results are audited or unaudited | Unaudited | Unaudited |
| D | Nature of report standalone or consolidated | Standalone | Standalone |
| Other comprehensive income [Abstract] | |||
| 1 | Amount of items that will not be reclassified to profit and loss | ||
| 1 | Items that will not be reclassified to profit and loss | (633.00) | (909.00) |
| Total Amount of items that will not be reclassified to profit and loss | (633.00) | (909.00) | |
| 2 | Income tax relating to items that will not be reclassified to profit or loss | (160.00) | (229.00) |
| 3 | Amount of items that will be reclassified to profit and loss | ||
| Total Amount of items that will be reclassified to profit and loss | |||
| 4 | Income tax relating to items that will be reclassified to profit or loss | 0.00 | 0.00 |
| 5 | Total Other comprehensive income | (473.00) | (680.00) |
| Particulars | Year ended (dd-mm-yyyy) | |||||
|---|---|---|---|---|---|---|
| A | Date of start of reporting period | 01-04-2026 | ||||
| B | Date of end of reporting period | 30-09-2026 | ||||
| C | Whether results are audited or unaudited | Unaudited | ||||
| D | Nature of report standalone or consolidated | Standalone | ||||
| Statement of cash flows | ||||||
| Cash flows from used in operating activities | ||||||
| Profit before tax | 12,067.00 | |||||
| Adjustments for reconcile profit (loss) | ||||||
| Adjustments for finance costs | 5,562.00 | |||||
| Adjustments for decrease (increase) in inventories | (19,911.00) | |||||
| Adjustments for decrease (increase) in trade receivables, current | (13,067.00) | |||||
| Adjustments for decrease (increase) in trade receivables, non-current | 0.00 | |||||
| Adjustments for decrease (increase) in other current assets | (8,336.00) | |||||
| Adjustments for decrease (increase) in other non-current assets | 0.00 | |||||
| Adjustments for other financial assets, non-current | 0.00 | |||||
| Adjustments for other financial assets, current | 0.00 | |||||
| Adjustments for other bank balances | 0.00 | |||||
| Adjustments for increase (decrease) in trade payables, current | (3,917.00) | |||||
| Adjustments for increase (decrease) in trade payables, non-current | 0.00 | |||||
| Adjustments for increase (decrease) in other current liabilities | 7,197.00 | |||||
| Adjustments for increase (decrease) in other non-current liabilities | 0.00 | |||||
| Adjustments for depreciation and amortisation expense | 6,236.00 | |||||
| Adjustments for impairment loss reversal of impairment loss recognised in profit or loss | 0.00 | |||||
| Adjustments for provisions, current | 0.00 | |||||
| Adjustments for provisions, non-current | 0.00 | |||||
| Adjustments for other financial liabilities, current | 0.00 | |||||
| Adjustments for other financial liabilities, non-current | 0.00 | |||||
| Adjustments for unrealised foreign exchange losses gains | 231.00 | |||||
| Adjustments for dividend income | 319.00 | |||||
| Adjustments for interest income | 188.00 | |||||
| Adjustments for share-based payments | 0.00 | |||||
| Adjustments for fair value losses (gains) | 0.00 | |||||
| Adjustments for undistributed profits of associates | 0.00 | |||||
| Other adjustments for which cash effects are investing or financing cash flow | (881.00) | |||||
| Other adjustments to reconcile profit (loss) | 0.00 | |||||
| Other adjustments for non-cash items | 0.00 | |||||
| Share of profit and loss from partnership firm or association of persons or limited liability partnerships | 0.00 | |||||
| Total adjustments for reconcile profit (loss) | (27,393.00) | |||||
| Net cash flows from (used in) operations | (15,326.00) | |||||
| Dividends received | 0.00 | |||||
| Interest paid | 0.00 | |||||
| Interest received | 0.00 | |||||
| Income taxes paid (refund) | 0.00 | |||||
| Other inflows (outflows) of cash | (2,407.00) | |||||
| Net cash flows from (used in) operating activities | (17,733.00) | |||||
| Cash flows from used in investing activities | ||||||
| Cash flows from losing control of subsidiaries or other businesses | 0.00 | |||||
| Cash flows used in obtaining control of subsidiaries or other businesses | 0.00 | |||||
| Other cash receipts from sales of equity or debt instruments of other entities | 0.00 | |||||
| Other cash payments to acquire equity or debt instruments of other entities | 0.00 | |||||
| Other cash receipts from sales of interests in joint ventures | 0.00 | |||||
| Other cash payments to acquire interests in joint ventures | 0.00 | |||||
| Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships | 0.00 | |||||
| Cash payment for investment in partnership firm or association of persons or limited liability partnerships | 0.00 | |||||
| Proceeds from sales of property, plant and equipment | 69.00 | |||||
| Purchase of property, plant and equipment | 14,573.00 | |||||
| Proceeds from sales of investment property | 0.00 | |||||
| Purchase of investment property | 343.00 | |||||
| Proceeds from sales of intangible assets | 0.00 | |||||
| Purchase of intangible assets | 0.00 | |||||
| Proceeds from sales of intangible assets under development | 0.00 | |||||
| Purchase of intangible assets under development | 0.00 | |||||
| Proceeds from sales of goodwill | 0.00 | |||||
| Purchase of goodwill | 0.00 | |||||
| Proceeds from biological assets other than bearer plants | 0.00 | |||||
| Purchase of biological assets other than bearer plants | 0.00 | |||||
| Proceeds from government grants | 0.00 | |||||
| Proceeds from sales of other long-term assets | 0.00 | |||||
| Purchase of other long-term assets | 0.00 | |||||
| Cash advances and loans made to other parties | 0.00 | |||||
| Cash receipts from repayment of advances and loans made to other parties | 0.00 | |||||
| Cash payments for future contracts, forward contracts, option contracts and swap contracts | 0.00 | |||||
| Cash receipts from future contracts, forward contracts, option contracts and swap contracts | 0.00 | |||||
| Dividends received | 319.00 | |||||
| Interest received | 146.00 | |||||
| Income taxes paid (refund) | 0.00 | |||||
| Other inflows (outflows) of cash | 0.00 | |||||
| Net cash flows from (used in) investing activities | (14,382.00) | |||||
| Cash flows from used in financing activities | ||||||
| Proceeds from changes in ownership interests in subsidiaries | 0.00 | |||||
| Payments from changes in ownership interests in subsidiaries | 0.00 | |||||
| Proceeds from issuing shares | 42,325.00 | |||||
| Proceeds from issuing other equity instruments | 0.00 | |||||
| Payments to acquire or redeem entity's shares | 0.00 | |||||
| Payments of other equity instruments | 0.00 | |||||
| Proceeds from exercise of stock options | 0.00 | |||||
| Proceeds from issuing debentures notes bonds etc | 0.00 | |||||
| Proceeds from borrowings | (36.00) | |||||
| Repayments of borrowings | 5,446.00 | |||||
| Payments of lease liabilities | 1,076.00 | |||||
| Dividends paid | 2,226.00 | |||||
| Interest paid | 5,192.00 | |||||
| Income taxes paid (refund) | 0.00 | |||||
| Other inflows (outflows) of cash | 0.00 | |||||
| Net cash flows from (used in) financing activities | 28,349.00 | |||||
| Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes | (3,766.00) | |||||
| Effect of exchange rate changes on cash and cash equivalents | ||||||
| Effect of exchange rate changes on cash and cash equivalents | 0.00 | |||||
| Net increase (decrease) in cash and cash equivalents | (3,766.00) | |||||
| Cash and cash equivalents cash flow statement at beginning of period | 3,797.00 | |||||
| Cash and cash equivalents cash flow statement at end of period | 31.00 | |||||
| Mode of Fund Raising | Preferential Issues |
|---|---|
| Description of mode of fund raising (Applicable in case of others is selected) | |
| Date of Raising Funds | 21-09-2026 |
| Amount Raised | 1,79,99,97,29,100.00 |
| Report filed for Quarter ended | 30-09-2026 |
| Monitoring Agency | Applicable |
| Monitoring Agency Name, if applicable | M/s India Rating and Research Private Limited |
| Is there a Deviation / Variation in use of funds raised | No |
| If yes, whether the same is pursuant to change in terms of a contract or objects, which was approved by the shareholders | |
| If Yes, Date of shareholder Approval | |
| Explanation for the Deviation / Variation | |
| Comments of the Audit Committee after review | |
| Comments of the auditors, if any |
| Sr. | Original Object | Modified Object, if any | Original Allocation | Modified allocation, if any | Funds Utilised | Amount of Deviation/Variation for the quarter according to applicable object | Remarks if any |
| Mode of Fund Raising | QIP |
|---|---|
| Description of mode of fund raising (Applicable in case of others is selected) | |
| Date of Raising Funds | 25-09-2026 |
| Amount Raised | 2,49,99,99,98,400.00 |
| Report filed for Quarter ended | 30-09-2026 |
| Monitoring Agency | Applicable |
| Monitoring Agency Name, if applicable | M/s India Rating and Research Private Limited |
| Is there a Deviation / Variation in use of funds raised | No |
| If yes, whether the same is pursuant to change in terms of a contract or objects, which was approved by the shareholders | |
| If Yes, Date of shareholder Approval | |
| Explanation for the Deviation / Variation | |
| Comments of the Audit Committee after review | |
| Comments of the auditors, if any |
| Sr. | Original Object | Modified Object, if any | Original Allocation | Modified allocation, if any | Funds Utilised | Amount of Deviation/Variation for the quarter according to applicable object | Remarks if any |
| Name of signatory | K V Lakshmi |
| Designation of person | Company Secretary and Compliance Officer |
| Place | Chennai |
| Date | 29-10-2026 |
Format for Disclosure of Related Party Transactions (applicable only for half-yearly filings i.e., 2nd and 4th quarter) |
| Sr No. | Additional disclosure of related party transactions - applicable only in case the related party transaction relates to loans, inter-corporate deposits, advances or investments made or given by the listed entity/subsidiary. These details need to be disclosed only once, during the reporting period when such transaction was undertaken. | ||||||||||||||||||||||||
| Details of the party (listed entity/subsidiary) entering into the transaction | Details of the counterparty | Type of related party transaction | Details of other related party transaction | Value of the related party transaction as approved by the audit committee | Remarks on approval by audit committee | Value of the related party transaction ratified by the audit committee | Date of Audit Committee Meeting where the ratification was approved | Value of transaction during the reporting period | In case monies are due to either party as a result of the transaction | In case any financial indebtedness is incurred to make or give loans, inter-corporate deposits, advances or investments | Details of the loans, inter-corporate deposits, advances or investments | Notes | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Name | PAN | Name | PAN | Relationship of the counterparty with the listed entity or its subsidiary | Opening balance | Closing balance | Nature of indebtedness (loan/ issuance of debt/ any other etc.) | Details of other indebtedness | Cost | Tenure | Nature (loan/ advance/ intercorporate deposit/ investment ) | Interest Rate (%) | Tenure | Secured/ unsecured | Purpose for which the funds will be utilised by the ultimate recipient of funds (endusage) | ||||||||||
| 1 | Wheels India Limited | Axles India Limited | Associate | Purchase of goods or services | 500.00 | approved by the Audit Committee | 214.00 | 115.00 | 68.00 | ||||||||||||||||
| 2 | Wheels India Limited | Brakes India Private Limited | 2(76)(iv) of the Companies Act, 2013 | Purchase of goods or services | 365.00 | approved by the Audit Committee | 209.00 | 94.00 | 78.00 | ||||||||||||||||
| 3 | Wheels India Limited | Brakes India Private Limited | 2(76)(iv) of the Companies Act, 2013 | Any other transaction | Auto expo and other events | 75.00 | approved by the Audit Committee | 52.00 | 0.00 | 0.00 | |||||||||||||||
| 4 | Wheels India Limited | Sundaram Finance Limited | 2(76)(v) of the Companies Act, 2013 | Any other transaction | Leasing of vehicles and deposit processing fees | 250.00 | approved by the Audit Committee | 113.00 | 0.00 | 0.00 | |||||||||||||||
| 5 | Wheels India Limited | Sundharams Private limited | 2(76)(iv) of the Companies Act, 2013 | Any other transaction | car rental | 3.00 | approved by the Audit Committee | 0.00 | 0.00 | 0.00 | |||||||||||||||
| 6 | Wheels India Limited | WIL Car Wheels Limited | Subsidiary Company | Any other transaction | leasing of assets or premises | 30.00 | approved by the Audit Committee | 13.00 | 0.00 | 0.00 | |||||||||||||||
| 7 | Wheels India Limited | WIL Car Wheels Limited | Subsidiary Company | Purchase of goods or services | 12,400.00 | approved by the Audit Committee | 3,146.00 | 942.00 | 1,044.00 | ||||||||||||||||
| 8 | Wheels India Limited | WIL Car Wheels Limited | Subsidiary Company | Any other transaction | Reimbursement of expenses | 300.00 | approved by the Audit Committee | 101.00 | 0.00 | 0.00 | |||||||||||||||
| 9 | Wheels India Limited | WIL USA Inc. | Wholly Owned subsidiary company | Purchase of goods or services | 400.00 | approved by the Audit Committee | 267.00 | 67.00 | 39.00 | ||||||||||||||||
| 10 | Wheels India Limited | WIL Europe GmbH | Wholly Owned subsidiary company | Purchase of goods or services | 175.00 | approved by the Audit Committee | 27.00 | 60.00 | 21.00 | ||||||||||||||||
| 11 | Wheels India Limited | Topy Industries Limited | Joint venture partner | Purchase of goods or services | 80.00 | approved by the Audit Committee | 18.00 | 1.00 | 18.00 | ||||||||||||||||
| 12 | Wheels India Limited | Atsuya Technologies Pvt Ltd | Section 2(76)(iv) of the Companies Act 2013 | Purchase of goods or services | 30.00 | approved by the Audit Committee | 13.00 | 2.00 | 4.00 | ||||||||||||||||
| 13 | Wheels India Limited | Axles India Limited | Associate | Any other transaction | Reimbursement of expenses | 20.00 | approved by the Audit Committee | 20.00 | 0.00 | 0.00 | |||||||||||||||
| 14 | Wheels India Limited | Brakes India Private Limited | 2(76)(iv) of the Companies Act, 2013 | Sale of goods or services | 600.00 | approved by the Audit Committee | 269.00 | 24.00 | 45.00 | ||||||||||||||||
| 15 | Wheels India Limited | India Motor Parts and Accessories Ltd | 2(76)(v) of the Companies Act, 2014 | Sale of goods or services | 2,200.00 | approved by the Audit Committee | 929.00 | 66.00 | 24.00 | ||||||||||||||||
| 16 | Wheels India Limited | Trichur Sundaram Santhanam Family Private Limited (Madras Auto Service & Sundaram Motors) | Investing company | Sale of goods or services | 4,500.00 | approved by the Audit Committee | 1,500.00 | 149.00 | 286.00 | ||||||||||||||||
| 17 | Wheels India Limited | TVS Mobility Private Limited | 2(76)(iv) of the Companies Act, 2016 | Sale of goods or services | 1,200.00 | approved by the Audit Committee | 716.00 | 61.00 | 165.00 | ||||||||||||||||
| 18 | Wheels India Limited | WIL Car Wheels Limited | Subsidary Company | Any other transaction | leasing of assets or premises | 15.00 | approved by the Audit Committee | 4.00 | 0.00 | 0.00 | |||||||||||||||
| 19 | Wheels India Limited | WIL Car Wheels Limited | Subsidary Company | Sale of goods or services | 15,000.00 | approved by the Audit Committee | 5,476.00 | 1,431.00 | 2,192.00 | ||||||||||||||||
| 20 | Wheels India Limited | WIL Car Wheels Limited | Subsidary Company | Any other transaction | Common services shared | 200.00 | approved by the Audit Committee | 139.00 | 0.00 | 0.00 | |||||||||||||||
| 21 | Wheels India Limited | Wheels India Employees Gratuity Trust | Post Employment benefit plan Entity | Any other transaction | contribution | not applicable | 344.00 | 3,809.00 | 3,630.00 | ||||||||||||||||
| 22 | Wheels India Limited | Wheels India Limited Staff Provident Fund | Post Employment benefit plan Entity | Any other transaction | contribution | not applicable | 366.00 | 16,999.00 | 17,582.00 | ||||||||||||||||
| 23 | Wheels India Limited | Wheels India Senior Officer Superannuation Trust | Post Employment benefit plan Entity | Any other transaction | contribution | not applicable | 32.00 | 2,007.00 | 2,039.00 | ||||||||||||||||
| 24 | Wheels India Limited | TSF Investments Limited | Investing company | Dividend paid | not applicable | 481.00 | 0.00 | 0.00 | Textual Information(1) | ||||||||||||||||
| 25 | Wheels India Limited | Trichur Sundaram Santhanam Family Private Limited | Investing company | Dividend paid | not applicable | 600.00 | 0.00 | 0.00 | Textual Information(2) | ||||||||||||||||
| 26 | Wheels India Limited | India Motor Parts and Accessories Ltd | 2(76)(v) of the Companies Act, 2014 | Dividend paid | not applicable | 90.00 | 0.00 | 0.00 | Textual Information(3) | ||||||||||||||||
| 27 | Wheels India Limited | Mr. Srivats Ram | Key Managerial Personnel | Remuneration | not applicable | 495.00 | 0.00 | 0.00 | Textual Information(4) | ||||||||||||||||
| 28 | Wheels India Limited | Mr. Srivats Ram | Key Managerial Personnel | Interest paid | not applicable | 9.00 | 0.00 | 0.00 | Textual Information(5) | ||||||||||||||||
| 29 | Wheels India Limited | Mr. Srivats Ram | Key Managerial Personnel | Dividend paid | not applicable | 17.00 | 0.00 | 0.00 | Textual Information(6) | ||||||||||||||||
| 30 | Wheels India Limited | Mr. Srivats Ram | Key Managerial Personnel | Any other transaction | Post Employment benefit | not applicable | 40.00 | 1,222.00 | 1,263.00 | ||||||||||||||||
| 31 | WIL Car Wheels Limited | Wheels India Limited | Holding company | Any other transaction | Leasing of assets including premises | 30.00 | approved by the Audit Committee | 13.00 | 0.00 | 0.00 | |||||||||||||||
| 32 | WIL Car Wheels Limited | Wheels India Limited | Holding company | Any other transaction | Reimbursement of expenses | 300.00 | approved by the Audit Committee | 96.00 | 0.00 | 0.00 | |||||||||||||||
| 33 | WIL Car Wheels Limited | Wheels India Limited | Holding company | Sale of goods or services | 12,400.00 | approved by the Audit Committee | 3,136.00 | 942.00 | 1,044.00 | ||||||||||||||||
| 34 | WIL Car Wheels Limited | Wheels India Limited | Holding company | Any other transaction | Purchase / lease of assets including premises | 15.00 | approved by the Audit Committee | 4.00 | 0.00 | 0.00 | |||||||||||||||
| 35 | WIL Car Wheels Limited | Wheels India Limited | Holding company | Purchase of goods or services | 15,000.00 | approved by the Audit Committee | 5,483.00 | 1,431.00 | 2,192.00 | ||||||||||||||||
| 36 | WIL Car Wheels Limited | Wheels India Limited | Holding company | Any other transaction | Re-imbursement of expenses | 10.00 | approved by the Audit Committee | 0.00 | 0.00 | 0.00 | |||||||||||||||
| 37 | WIL Car Wheels Limited | Wheels India Limited | Holding company | Any other transaction | Common services shared | 200.00 | approved by the Audit Committee | 138.00 | 0.00 | 0.00 | |||||||||||||||
| 38 | WIL Car Wheels Limited | Topy Industries Limited | Investing Company | Any other transaction | Royalty | 600.00 | approved by the Audit Committee | 264.00 | 400.00 | 264.00 | |||||||||||||||
| 39 | WIL Car Wheels Limited | Topy Industries Limited | Investing Company | Any other transaction | Reimbursement of expenses | 30.00 | approved by the Audit Committee | 0.00 | 0.00 | 0.00 | |||||||||||||||
| 40 | WIL Car Wheels Limited | Sundaram Finance Limited | 2(76)(v) of the Companies Act, 2013 | Interest paid | 250.00 | approved by the Audit Committee | 65.00 | 0.00 | 0.00 | ||||||||||||||||
| 41 | WIL Car Wheels Limited | Sundaram Finance Limited | 2(76)(v) of the Companies Act, 2013 | Any other transaction | repayment of loan | 1,500.00 | approved by the Audit Committee | 323.00 | 1,478.00 | 1,155.00 | |||||||||||||||
| 42 | WIL Car Wheels Limited | Sundaram Finance Limited | 2(76)(v) of the Companies Act, 2013 | Any other transaction | Lease/purchase of vehicles | 50.00 | approved by the Audit Committee | 8.00 | 0.00 | 0.00 | |||||||||||||||
| Total value of transaction during the reporting period | 25,230.00 | ||||||||||||||||||||||||
| Textual Information(1) | Net dividend |
| Textual Information(2) | Net dividend |
| Textual Information(3) | Net dividend |
| Textual Information(4) | includes commission of Rs. 3Crore paid on July pertaining to the year 2026-26 and Super annuation and PF of Rs. 0.40 crore |
| Textual Information(5) | includes net interest Srivats Ram (HUF) ofRs. 0.4 Crore |
| Textual Information(6) | Net dividend |