SM Auto Stamping Limited's board of directors convened a meeting on April 30, 2026, at C-13, MIDC Ambad, Nashik, Maharashtra. The meeting commenced at 11.30 AM and concluded at 3.45 PM, during which several key decisions were taken regarding the company's governance structure and compliance matters for the upcoming financial year.

Key Board Decisions

The board approved the resignation of Mr. Pawan Mahajan from the position of Company Secretary and Compliance Officer of the company. Following this, the board considered the recommendations of the Nomination and Remuneration Committee and Audit Committee, approving the appointment of a new Company Secretary and Compliance Officer. The board also approved revisions to the list of Designated Persons and Connected Persons as per the code of conduct for prevention of Insider Trading framed under SEBI (Prohibition of Insider Trading) Regulations, 2015.

Appointments for FY 2026-27

The board approved several key appointments for the financial year 2026-27:

Mr. Vaibhav Chotia is an associate member of The Institute of Company Secretaries of India with Membership No. ACS 80009 and holds a Bachelor in Commerce degree with expertise in Corporate Law and Secretarial Compliances. CS Sujata R. Rajebahadur is a practicing Company Secretary with wide experience in secretarial and legal compliances. Laxmikant and Associates comprises partners Laxmikant Alai (Membership No. 149381), Archana Pathak (Membership No. 145320), and Samadhan Deore.

Audit and Compliance Matters

The board adopted the Internal Audit Report for Q-3 and the Draft Internal Audit Report for Q-4 of Financial Year 2025-2026. Additionally, the board granted omnibus approval for related party transactions to be entered during the financial year 2026-27. The board also noted quarterly, half-yearly, and annual compliances under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI (Depository & Participant) Regulations, 2018 for the period ended March 31, 2026. Authority was granted for signing and filing of e-forms with Registrar of Companies or other statutory authorities for the financial year 2026-27.

SM Auto Stamping Limited has formally surrendered its Export Promotion Capital Goods (EPCG) Authorization to regulatory authorities, resolving pending compliance matters with no financial impact on the company.

Regulatory Compliance Update

The company received the "Letter of Surrender of EPCG Authorization" from the Assistant DGFT, Regional Authority Pune on April 21, 2026. This follows previous intimations dated March 20, 2026 and March 25, 2026 regarding the matter.

Details of License Surrender

The EPCG Authorizations for two subject licenses have been formally surrendered to the concerned authorities. Following the submission of requisite documentation, the Department officially issued the Letter of Surrender and the Unutilization Letter for the aforementioned licenses, confirming that no benefits were availed under these schemes.

Resolution of Show Cause Notices

The formal surrender has successfully resolved the Show Cause Notices (SCNs) dated March 17, 2026 and March 25, 2026. These notices are now marked as closed following the issuance of the unutilization certificates.

Financial Impact Assessment

The company has confirmed that there is no monetary impact from this license surrender. The surrender was executed due to the unutilization of the EPCG license, and no penalties have been imposed.

Company Profile

SM Auto Stamping Limited is a manufacturer of sheet metal pressed components and welded assemblies for automobile and electrical OEMs. The company operates multiple facilities in Maharashtra, including its registered office at MIDC Ambad, Nashik, and additional plants at the same location and in Sinnar.