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.

SM Auto Stamping Limited has formally announced the resignation of its Company Secretary and Compliance Officer, Pawan Mahajan, effective April 30, 2026. The company submitted the resignation intimation to BSE Limited on March 4, 2026, in compliance with regulatory requirements under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Resignation Details

The company received and accepted Mahajan's resignation letter on March 4, 2026, with his departure scheduled for the closure of business hours on Thursday, April 30, 2026. In his resignation letter, Mahajan cited his intention to pursue an alternate career opportunity outside the organization.

Regulatory Compliance and Documentation

The intimation was made in accordance with multiple SEBI regulations and circulars, including Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company also referenced compliance with SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, and SEBI Circular No. SEBI/HO/CFD/CFD-PoD-2/CIR/P/2024/185 dated December 31, 2024.

The formal documentation includes an annexure providing detailed disclosure requirements as mandated by SEBI regulations. The resignation information has also been uploaded on the company's website at smautostamping.com/investors.html for public access.

Management Communication

Mukund Narayan Kulkarni, Managing Director (DIN: 00248797), digitally signed the resignation intimation documents on March 4, 2026. In his resignation letter, Mahajan expressed gratitude to the Board of Directors and senior management for their support and cooperation during his tenure as Company Secretary and Compliance Officer.

Company Background

SM Auto Stamping Limited operates as a manufacturer of sheet metal pressed components and welded assemblies for automobile and electrical OEMs. The company maintains multiple manufacturing facilities in Maharashtra, with its registered office at J-41, MIDC Ambad, Nashik - 422010, along with additional plants at C-13, MIDC Ambad, Nashik, and B-198, MIDC, Malegaon, Sinnar, Nashik.