ASK Automotive Limited has filed its quarterly compliance certificate with stock exchanges for the quarter ended March 31, 2026. The submission fulfills regulatory requirements under SEBI (Depositories and Participants) Regulations, 2018.

Regulatory Compliance Submission

The company submitted the certificate to both BSE Limited and National Stock Exchange of India Limited on April 9, 2026. The document was digitally signed by Rajani Sharma, Company Secretary and Compliance Officer, confirming adherence to Regulation 74(5) of SEBI depositories regulations.

Certificate Details

MUFG Intime India Private Limited (formerly Link Intime India Private Limited), serving as the company's Registrar and Transfer Agent, issued the compliance certificate dated April 7, 2026. The certificate confirms that during the period from January 1, 2026 to March 31, 2026, no requests for dematerialisation or rematerialisation of the company's securities were received.

Pradeep Mokale, Senior Assistant Vice President – Corporate Registry at MUFG Intime India Private Limited, signed the confirmation certificate on behalf of the registrar.

Company Information

ASK Automotive Limited, formerly known as ASK Automotive Private Limited, operates from its corporate office located at Plot No. 13-14, Sector-5, I.M.T. Manesar, Gurgaon. The company maintains multiple quality certifications including IATF 16949:2016, ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018.

This quarterly filing represents standard regulatory compliance for listed companies, ensuring transparency in securities handling and depositories operations.

ASK Automotive has received a positive outlook from CLSA, with the brokerage firm maintaining its Outperform rating and setting a target price of Rs 640. The recommendation is backed by strong fundamentals and strategic positioning in the automotive component sector.

Honda Partnership Drives Growth Prospects

The primary catalyst for CLSA's bullish stance is Honda's ambitious capacity expansion plan. The Japanese automaker is set to increase its production capacity to 8mn units, marking a substantial 28% growth. This expansion holds particular significance for ASK Automotive, given the company's substantial exposure to Honda's operations.

Revenue Concentration and Strategic Benefits

ASK Automotive's business model demonstrates strong alignment with Honda's growth trajectory, with approximately 35% of its revenue derived from the Honda partnership. This significant revenue concentration positions the company to directly benefit from Honda's expansion initiatives and increased production volumes.

Electric Vehicle Content Advantage

CLSA's analysis highlights a crucial long-term growth driver in the form of electric vehicle content enhancement. The transition to electric vehicles presents substantial opportunities for ASK Automotive, with EV content expected to be 30-50% higher compared to traditional internal combustion engine vehicles.

Investment Outlook

The combination of Honda's capacity expansion and the automotive industry's shift toward electrification creates a favorable environment for ASK Automotive's growth. CLSA's Outperform rating reflects confidence in the company's ability to capitalize on these industry trends and maintain its strategic partnership advantages in the evolving automotive landscape.