Wheels India Ltd

Wheels India Limited — Trading Window closed from October 01, 2026 till the 48 hours after the declaration of Unaudited financial results for the quarter / half-year ended September 30, 2026

QIP allotment details

• Issue opened Sep 24, 2026; closed Sep 25, 2026.
• Fund Raise Committee approved allotment of 11,97,318 equity shares to QIBs at ₹2,088.
• Total issue value ₹249.99 crore; discount ₹109.10 per share (4.97%).
• Issue price ₹2,088; premium ₹2,078 per share.
• Post-allotment paid-up capital: ₹26.86 crore, up from ₹25.67 crore.
• Annexure 1 lists allottees with >5% stake; includes Aditya Birla Sun Life funds and Magnum.
• Open Sep 24, 2026; close Sep 25, 2026; meeting 11:20–11:30 PM.

QIP closure and allotment

• Closure of the QIP approved on September 25, 2026 after funds in escrow were received.
• Allocation of 11,97,318 Equity Shares at Rs 2,088 each (premium Rs 2,078), 4.97% below floor Rs 2,197.10.
• Placement Document dated September 25, 2026 approved and available on the company website.
• Final allocation note to QIBs approved; refund letters, if any, to be issued.
• Placement Document filed with BSE and NSE.
• Trading window closed from September 24, 2026 for 48 hours for this QIP.
• Committee meeting held from 7:45 PM to 8:00 PM on September 25, 2026.

QIP closure and allocations

• Closure of QIP approved for Sep 25, 2026 as funds received.
• Allocation of 11,97,318 equity shares at Rs 2088 per share to eligible QIBs.
• Issue price includes Rs 2078 premium; discount Rs 109.10 per share versus floor price Rs 2197.10.
• Placement Document dated Sep 25, 2026 approved and placed on the company website.
• Allocation confirmation note to be sent to eligible QIBs.
• Refund intimation letters to bidders entitled to refunds approved.
• Trading window closed from Sep 24, 2026 for 48 hours.
• Meeting held 7:45 PM to 8:00 PM.

QIP approvals and terms

• Fundraise Committee approved preliminary placement document dated Sept 24, 2026 for QIB bids.
• Floor price fixed at ₹2,197.10 per equity share under SEBI ICDR Regulations.
• May offer discount up to 5% on floor price as approved by shareholders.
• Opening of the Issue authorized on Sept 24, 2026.
• Relevant date for floor price determination: Sept 24, 2026.
• Trading window closed until 26.09.2026 for the Issue.
• Preliminary placement document to be filed today with exchange authorities.
• Issue price to be determined in consultation with the lead manager.
• Next committee meeting on Sept 25, 2026 to decide price and discount.
• Committee meeting Sept 24, 2026, from 6:15 PM to 6:45 PM.

Transaction summary

• Acquirer TSF Investments Limited is a promoter of Wheels India Limited.
• Acquirer purchased 10,26,694 Wheels India shares on 21-09-2026.
• Pre-transaction holding: 61,09,914 shares, 25.01% voting rights.
• Post-transaction holding: 71,36,608 shares, 27.81% voting rights.
• Mode: Preferential allotment of equity shares.
• Equity share capital before: 2,44,33,012; after: 2,56,65,043.
• Total diluted voting capital after: 2,56,65,043.

Meeting Details

• Date: 21 September 2026; Time: 03:45–04:15 P.M.; Location: not disclosed.

Key Agenda Items

• Approval of preferential issue of 12,32,031 equity shares via private placement at Rs 1,461.
• Allotment to four allottees totaling 12,32,031 shares.
• Total consideration Rs 179.99 crore for the allotment.
• Post-allotment paid-up capital rises to Rs 25,66,50,430; shares total 2,56,65,043.
• Equity shares rank pari-passu with existing shares.
• NSE in-principle approval on 16 Sept 2026; shareholders' approval on 17 Sept 2026.

Other Notes

• No additional material notes disclosed.

Resolution 1: Preferential issue

• Type: Special; Nature: equity shares via private placement.
• Promoter group not interested; approved with 99.9946% in favour.
• Total votes polled: 17,501,300; in favour 17,500,358; against 942.

Resolution 2: Fund-raising limit enhancement

• Type: Special; Matter: enhancement of fund-raising limits.
• Promoter group not interested; approved with 99.9994% in favour.
• Total votes polled: 24,433,012; in favour 17,501,288; against 12.

Resolution 1

• Special resolution for private placement of equity shares; terms undisclosed; Chairman disclosed interest.

Resolution 2

• Special resolution to enhance fund-raising limits; terms undisclosed.

Voting status

• Consolidated voting results to be uploaded within two working days.