Wheels India Ltd

Wheels India Limited announced the closure of a Qualified Institutions Placement of 11,97,318 equity shares at a price of Rs 2088 per share, including a premium of Rs 2078 per share, to eligible qualified institutional buyers, according to a regulatory filing on September 25, 2026. The company’s Fundraise Committee approved the allocation and adoption of the Placement Document, and finalized a confirmation of allocation note to be sent to eligible buyers, while also approving a refund intimation letter for those entitled to a refund.

Wheels India Limited announced the allotment of 11,97,318 equity shares with a face value of Rs 10 each to eligible qualified institutional buyers at an issue price of Rs 2088.00 per share, including a premium of Rs 2078.00, following a Qualified Institutions Placement that opened and closed on September 24, 2026 and September 25, 2026, respectively; the allotment included a discount of Rs 109.10 per share, totaling Rs 249.99 crore, increasing the company's paid-up equity share capital from Rs 256650430 to Rs 268623610. Aditya Birla Sun Life Mutual Fund, Magnum Equity Ex - Top 100 Long Short Fund, and SBI Balanced Hybrid Fund were among the allottees who received more than 5% of the equity shares offered in the issue.

Wheels India Limited has commenced a Qualified Institutions Placement (QIP) of equity shares with a floor price of Rs 2,197.10 per share, following approvals from its board of directors on July 10, 2026 and August 19, 2026, and shareholders on August 12, 2026 and September 17, 2026. The Fundraise Committee authorized the opening of the QIP on September 24, 2026, and may offer a discount of up to 5% on the floor price, with the Issue price to be determined in consultation with a lead manager, and the trading window closed until September 26, 2026.

Wheels India Limited announced that its board of directors approved the allotment of 12,32,031 fully paid-up equity shares at a price of Rs 1461 per share, totaling Rs 179,99,97,291, to TSF Investments Limited, Mr. Srivats Ram, Ms. Nivedita Ram, and Ms. Gita Ram. The company received in-principle approval from the National Stock Exchange of India Limited on September 16, 2026, and shareholder approval on September 17, 2026, for the preferential issue.

Wheels India Limited held an Extraordinary General Meeting on Thursday, September 17, 2026, via video conferencing, to consider a special resolution for the issuance of equity shares by way of a preferential issue on a private placement basis and to enhance fund-raising limits previously approved by shareholders on August 12, 2026. Mr. M P Vijay Kumar chaired the meeting following the nomination of a replacement chairman due to a conflict of interest declared by Mr. Srivats Ram, and the consolidated voting results will be uploaded to the company's website within two working days and sent to the National Stock Exchange of India Limited and BSE Limited.

Wheels India Limited announced that its board of directors revised the issue price for a proposed preferential issue of equity shares from Rs 1,418 per share to Rs 1,461 per share, also approving a revised number of shares to be issued to allottees while maintaining a total fundraising amount of Rs 180 crore. The move follows observations from the National Stock Exchange of India Limited regarding the valuation of the equity shares, and the company will issue a corrigendum to the notice for an Extraordinary General Meeting scheduled for September 17, 2026.

Wheels India Limited will hold an Extraordinary General Meeting (EGM) in August and September 2026, and shareholders are invited to participate through electronic voting and a virtual meeting facilitated by Central Depository Services (India) Limited (CDSL). Registration to speak at the meeting and submit queries is open from August 27, 2026, to September 12, 2026. The e-voting period will run concurrently. Shareholders can access the e-voting platform and virtual meeting link at [https://www.evotingindia.com](https://www.evotingindia.com), with the meeting link opening 15 minutes prior to the scheduled start time. Non-individual members must register as corporates and upload relevant documentation, while members without registered email addresses should update their information with their respective depository participants. For assistance, contact the CDSL helpdesk at 1800 21 09911 or investorservices@wheelsindia.com.

Wheels India Limited announced that its board approved a preferential issue of up to 1,269,391 equity shares at a price of INR 1418 per share, totaling up to Rs 180 crore, to TSF Investments Limited, Mr. Srivats Ram, Ms. Nivedita Ram, and Ms. Gita Ram. The company also seeks shareholder approval to enhance its fund-raising limits from Rs 400 crore to Rs 450 crore, which will be put to a vote at an Extraordinary General Meeting on September 17, 2026.

Wheels India Limited will seek shareholder approval for a proposed preferential allotment of equity shares and plans to raise funds, according to a regulatory filing with the National Stock Exchange of India Limited and BSE Limited on August 13, 2026. The company’s board of directors will meet on Wednesday, August 19, 2026, to consider and evaluate the proposal, which is subject to regulatory approvals.

Net profit of Wheels India rose 28.21% to Rs 38.31 crore in the quarter ended June 2026 as against Rs 29.88 crore during the previous quarter ended June 2025. Sales rose 17.82% to Rs 1491.00 crore in the quarter ended June 2026 as against Rs 1265.50 crore during the previous quarter ended June 2025. ParticularsQuarter EndedJun. 2026Jun. 2025% Var. Sales1491.001265.50 18 OPM %7.507.40 - PBDT87.6967.42 30 PBT54.7840.96 34 NP38.3129.88 28 Powered by Capital Market - Live