Automotive Stampings and Assemblies Limited has formally responded to regulatory fines imposed by both the National Stock Exchange of India Limited and BSE Limited for non-compliance with SEBI listing regulations. The company's Board of Directors addressed the matter in their meeting held on March 13, 2026, providing detailed explanations for the compliance breach and outlining corrective measures.

Regulatory Non-Compliance Details

The exchanges identified non-compliance with Regulation 6(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 for the quarter ended December 31, 2025. This regulation mandates the appointment of a qualified Company Secretary as Compliance Officer.

Board's Response and Justification

The Board, in its meeting on March 13, 2026, took note of the notices dated February 20, 2026 and March 09, 2026 received from both exchanges. The company clarified that the non-compliance occurred due to practical constraints rather than deliberate oversight.

Key Points from Board Comments:

• The company had taken immediate steps to find a suitable candidate with adequate experience
• The selected candidate faced difficulty committing to a joining date due to mandatory notice period requirements from their previous employer
• The non-compliance was neither deliberate nor intentional
• The delay occurred solely due to time required to select and onboard an appropriate candidate

Corrective Actions Implemented

The company has taken several measures to address the compliance breach and prevent future occurrences:

Exchange Communications Timeline

The regulatory action followed a structured timeline as per SEBI's Standard Operating Procedure:

Initial Notices (February 20, 2026):

• NSE issued notice NSE/LIST-SOP/COMB/FINES/0179
• BSE issued notice SOP-CReview/QTR-Dec-25
• Both exchanges provided 15-day compliance window

Reminder Notices (March 09, 2026):

• NSE issued final reminder NSE/LIST-SOP/COMB/FINES/0179
• BSE issued reminder SOP-Reminder/QTR December 2025
• Warnings about potential promoter shareholding freeze

Future Compliance Commitment

The Board has expressed strong commitment to regulatory adherence going forward. The company has advised management to strengthen internal monitoring mechanisms to avoid recurrence of such instances. This demonstrates the organization's dedication to maintaining strict compliance with all applicable provisions of the Listing Regulations.

The resolution of this matter through prompt appointment of qualified personnel and payment of prescribed fines reflects the company's proactive approach to regulatory compliance, despite the initial delay caused by practical hiring constraints.

Source: None/Company/INE900C01027/860cfa93-863b-42ed-b846-608045a09448.pdf

Automotive Stampings and Assemblies Limited has informed stock exchanges about the appointment of Krishna Dayma as Company Secretary and Compliance Officer, effective March 13, 2026. The appointment was made in compliance with Regulation 6 and 30 of SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015.

Leadership Transition Details

The company's communication to BSE Limited and National Stock Exchange of India Ltd. outlined the key aspects of this corporate governance change:

Professional Background and Experience

Krishna Dayma is a member of the Institute of Company Secretaries of India, Delhi, bringing substantial expertise to the role. His professional credentials include:

• Over 9 years of experience in secretarial compliances
• Expertise across listed, unlisted, and multinational companies
• Specialization in Company Secretary Leadership and Corporate law advisory
• Experience in legal strategy and regulatory compliance oversight

Previous Work Experience

Dayma's career trajectory includes positions at several notable organizations:

• Finolex Industries Limited
• Leoni Cables Limited
• Genesis Finance Company Limited

This diverse experience across different industry sectors positions him well to handle the compliance requirements of Automotive Stampings and Assemblies Limited.

Regulatory Compliance

The appointment was formally communicated to both major stock exchanges where the company is listed. The notification referenced SEBI Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, ensuring full compliance with regulatory disclosure requirements.

The company, identified as a TATA Enterprise, operates multiple manufacturing facilities across India, including locations in Pune, Uttarakhand, Gujarat, and Jharkhand. The appointment strengthens the company's corporate governance framework as it continues its operations in the automotive components sector.