SM Auto Stamping Limited shareholders approved the final dividend and financial statements for FY26 at the company’s 20th Annual General Meeting held on September 7, 2026. The meeting also saw the reappointment of Chairman and Managing Director Mukund Narayan Kulkarni by rotation.

The SM Auto Stamping AGM was conducted via video conferencing from its deemed venue in Nashik, Maharashtra. A quorum of 11 members was present throughout the proceedings. Voting was conducted electronically through the Bigshare platform, with M/s Kulkarni Padekar & Co. appointed as the scrutinizer.

Although listed on the SME platform and exempted from mandatory e-voting provisions under SEBI (ICDR) Regulations, the company voluntarily provided e-voting facilities to its registered members. The scrutinizer’s report confirmed that all resolutions were passed with valid votes cast during the two-hour e-voting window from 12:00 pm to 2:00 pm.

Key Resolutions Passed

All four agenda items were passed as ordinary resolutions with requisite majorities. The voting results are detailed below.

For the reappointment of Mr. Kulkarni and the approval of related-party transactions, interested shareholders abstained from voting in compliance with regulatory norms. Mrs. Alka Mukund Kulkarni, Non-Executive Director, disclosed her interest in the director’s reappointment. Mr. Kulkarni disclosed his interest in the related-party transaction resolution.

Director Profile

Mr. Mukund Narayan Kulkarni, who holds a Diploma in Mechanical Engineering, has over 40 years of experience in engineering and management. He attended all eight board meetings held during FY26. His annual remuneration is capped at ₹54 lakh, inclusive of salary, perquisites, and incentives, as per Schedule V of the Companies Act, 2013. He is married to Non-Executive Director Mrs. Alka Mukund Kulkarni.

The meeting commenced at 11:18 am and concluded at 11:35 am.

SM Auto Stamping Limited will hold its 20th Annual General Meeting (AGM) on Monday, September 7, 2026, to seek shareholder approval for proposed related party transactions (RPTs) totaling ₹15.8 crore. The company has circulated its Annual Report for FY26 alongside the AGM notice, disclosing significant operational synergies with associate entity SM Autovision Private Limited and partnership firm Suvidh Engineering Industries. These approvals are critical for continuing supply chain operations and labor exchanges that accounted for a material portion of the company’s turnover in the preceding year.

The intimation was filed with BSE Limited on August 10, 2026, pursuant to Regulation 34(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The meeting is scheduled via video conference from the company’s deemed venue at C-13, MIDC Ambad, Nashik, Maharashtra, in compliance with Ministry of Corporate Affairs (MCA) circulars. Shareholders holding securities as of August 7, 2026, are eligible to vote using the Bigshare e-voting system.

Related Party Transaction Details

The Board seeks omnibus approval for transactions with two key entities for one year. The proposed limits represent a substantial portion of the related parties' own turnovers, highlighting deep operational integration.

SM Autovision Private Limited, in which SM Auto Stamping holds a 48% equity stake, is expected to account for ₹9.8 crore in transactions, including sales, purchases, and labor charges. Suvidh Engineering Industries, a partnership firm where directors are partners, is projected to engage in ₹6 crore worth of goods and services exchange. The company justifies these RPTs as being at arm’s length and essential for operational efficiency.

Key Management Changes

The Annual Report discloses significant changes in key managerial personnel during FY26. Mr. Vaibhav Bharat Khadke ceased as Chief Financial Officer (CFO) on February 25, 2026. Mr. Suresh Govind Jagdale was appointed as CFO effective March 1, 2026. Additionally, Mr. Pawan Pundlik Mahajan ceased as Company Secretary and Compliance Officer on April 30, 2026. Mr. Vaibhav Jitendra Chotia currently serves as the Company Secretary and Compliance Officer.

Governance and Financial Health

The statutory auditors, M/s. S. R. Rahalkar and Associates, noted that the company is in the process of maintaining proper records for property, plant, equipment, and intangible assets. Despite this remark, the company reported a net worth enhancement of ₹2.78 crore to ₹23.14 crore by March 31, 2026. The debt service coverage ratio improved to 4.86 from 10.05 in the previous year, while the current ratio stood at 1.41. All six board members attended all eight board meetings held during FY26, reflecting consistent governance oversight.