SM Auto Stamping Limited has received approval from BSE Limited for the waiver of a Standard Operating Procedure (SOP) fine that was levied for late compliance under regulatory requirements. The company announced this development through a disclosure under Regulation 30 of the SEBI Listing Regulations on April 10, 2026.

Fine Waiver Details

The company received an email from BSE Limited on April 10, 2026, confirming that the waiver request has been approved. The fine waiver relates to a penalty that was originally imposed for non-submission of consolidated financial results.

Background of the Violation

The original fine was imposed by BSE regarding the non-submission of consolidated financial results for March 31, 2024, under Regulation 33 - Financial Results. The company had initially received intimation about this fine imposition on July 1, 2024.

The waiver application submitted by SM Auto Stamping Limited on July 11, 2024, was reviewed by BSE's Internal Regulatory Oversight and Review Group, which decided to accede to the company's request.

Impact Assessment

The company has confirmed that there is no impact on its financial, operational, or other activities due to this fine waiver approval. This development effectively removes the financial burden of the ₹2,10,000 penalty that was previously levied.

Company Profile

SM Auto Stamping Limited is a manufacturer of sheet metal pressed components and welded assemblies for automobile and electrical original equipment manufacturers (OEMs). The company operates multiple manufacturing facilities in Maharashtra, including plants in MIDC Ambad, Nashik, and Sinnar.

SM Auto Stamping Limited, a manufacturer of sheet metal pressed components and welded assemblies for automobile and electrical OEMs, has received a Show Cause Notice from regulatory authorities. The company made this disclosure under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Notice Details and Authority

The Show Cause Notice was issued by the Assistant DGFT, Regional Authority Pune, under section 14 for action under sections 9, 11 and 13 of the Foreign Trade (Development and Regulation) Act, 1992. The company received the notice on March 25, 2026, via email. This Show Cause Notice is connected with EPCG license 3130006758.

Nature of Alleged Violations

According to the Show Cause Notice, the DGFT has mentioned that the company needs to demonstrate why conditions mentioned under its license were not complied with. The department is seeking an explanation for the alleged non-compliance with license conditions.

Company's Response and Impact Assessment

SM Auto Stamping Limited has stated that there is no impact on its financials, operations or other activities as the company is in the process of filing a reply against the said notice. The hearing in the matter is scheduled for April 06, 2026, where the company will have an opportunity to present its case.

Regulatory Compliance

The disclosure has been made in accordance with SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. The company's disclosure includes all relevant details as required under the regulatory framework, demonstrating its commitment to transparency and compliance with listing obligations.

Business Operations

SM Auto Stamping Limited operates multiple manufacturing facilities in Maharashtra, including its registered office at MIDC Ambad, Nashik, and additional plants at the same location and in Sinnar. The company specializes in manufacturing sheet metal pressed components and welded assemblies for automobile and electrical original equipment manufacturers.