Automotive Stampings and Assemblies Limited has settled a financial penalty imposed by the Bombay Stock Exchange (BSE) and the National Stock Exchange of India Limited (NSE) for failing to maintain a full-time Company Secretary. The Board of Directors addressed the violation at its meeting on July 24, 2026, confirming that the company has paid the fine along with applicable Goods and Services Tax (GST). The non-compliance relates to the quarter and year ended March 31, 2026, under Regulation 6(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The exchanges issued notices of non-compliance on May 20, 2026, citing reference numbers NSE/LIST-SOP/COMB/FINES/0573 and BSE/SOP-CReview/ QTR-Mar-26. The Board reviewed these communications and determined that the lapse was neither deliberate nor intentional. Instead, the delay stemmed from practical constraints in identifying a suitable candidate with adequate experience. Although the company initiated an immediate search, the selected candidate faced difficulties committing to a joining date due to a mandatory notice period required by their previous employer.

To resolve the compliance gap, the Board appointed Mr. Krishna Dayma as Company Secretary and Compliance Officer, effective March 13, 2026. This appointment was made to ensure adherence to Regulation 6(1) of the Listing Regulations. The company subsequently provided intimation of this appointment to both stock exchanges. Mr. Dayma holds Membership Number A54238 and signed the disclosure letter dated July 24, 2026, confirming the settlement of the fine and the regularization of the position.

The Board emphasized its commitment to strict adherence to all applicable provisions of the Listing Regulations. In response to this incident, the Board has advised management to strengthen internal monitoring mechanisms. These measures aim to avoid recurrence of such instances in the future, ensuring timely compliance with regulatory staffing requirements.

Compliance Timeline

Regulatory Context

Regulation 6(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, mandates that every listed entity must have a whole-time Company Secretary who is a member of the Institute of Company Secretaries of India. The role is critical for ensuring that the company complies with all statutory and regulatory filings. The failure to have such an officer in place during the specified period triggered the enforcement action by the exchanges. The company’s explanation highlights the operational challenges in recruiting specialized compliance personnel while managing notice period obligations from previous employers.

Automotive Stampings and Assemblies Limited has provided a web-link for the Annual Report 2025-26 to members who have not registered their email addresses with the company, its Registrar & Share Transfer Agents, or Depositories Participants. The company has scheduled its 36th Annual General Meeting (AGM) for Thursday, July 30, 2026, at 11:00 a.m. IST via Video Conferencing (VC) or Other Audio Visual Means (OAVM).

Pursuant to Regulation 36(1)(b) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company sent a letter containing the specific web-link and QR Code to ensure access to the complete details of the Annual Report. The document is also available on the company's website at www.autostampings.com .

The Notice of the 36th AGM and the Annual Report were sent electronically on Monday, July 6, 2026. Newspaper advertisements were published in "Financial Express" (English) and "Loksatta Newspaper" (Marathi) on Wednesday, July 8, 2026, regarding the Notice and E-Voting. The company has fixed Thursday, July 23, 2026, as the cut-off date to determine member eligibility for voting.

Shareholders can exercise their right to vote via remote e-voting, which commences on Monday, July 27, 2026, at 09:00 a.m. IST and concludes on Wednesday, July 29, 2026, at 05:00 p.m. IST. The e-voting facility is offered through National Securities Depository Limited (NSDL). Members who have cast their votes by remote e-voting may attend the meeting but shall not be entitled to vote again.

For queries, shareholders may contact MUFG Intime India Pvt. Ltd. or the Company Secretary, Krishna Dayma, at cs@autostampings.com .