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Wheels India Ltd (WHEELS)

Outcome of Board Meeting

Filed: 20 May 2026, 18:25 IST Exchange: NSE Category: Merger/Acquisition — Joint Venture Agreement
Outcome of Board Meeting: Board approved JV agreement with Bosch Limited to form JVCo for CV air system solutions. Bosch holds 50%, TSF Companies (Wheels India and Brakes India) hold 50%. JV Board: 4 directors, 2 each from Bosch and TSF. 5-year share lock-in, transfer restrictions apply. JV aims to develop and produce modular, electronically controlled air and braking systems for commercial vehicles. JV partners to support production, sales, and logistics. Bosch turnover FY26: INR 20,035 Cr; Wheels India FY26: INR 5,124 Cr; Brakes India FY26: INR 8,034 Cr.
Source: Original filing PDF — view on exchange portal
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Important. The summary above is generated automatically from Wheels India Ltd's own public regulatory filing under SEBI LODR. Indian Stock Alerts is not a SEBI-registered Research Analyst or Investment Adviser. This page is informational, not investment advice, a recommendation to buy or sell any security, or any opinion about the company's business, governance or financial health. Always read the original filing before acting and consult a registered adviser for investment decisions.