ASAL Initiates Postal Ballot for Independent Director Re-appointment
Automotive Stampings and Assemblies Limited has initiated a postal ballot process for the re-appointment of Mr. Prakash Gurav as Non-Executive Independent Director for a second term from April 05, 2026 to December 28, 2028. The 72-year-old Chartered Accountant brings over 46 years of experience from senior roles at Cummins India Limited and Tata Motors Limited. E-voting will be conducted from February 18, 2026 to March 19, 2026, with results to be declared within two working days of voting closure.
*this image is generated using AI for illustrative purposes only.
Automotive Stampings and Assemblies Limited has submitted a postal ballot notice to BSE Limited and National Stock Exchange of India Limited under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company seeks shareholder approval for the re-appointment of Mr. Prakash Gurav as Non-Executive Independent Director for a second consecutive term.
Postal Ballot Details
The postal ballot notice, dated January 28, 2026, proposes the re-appointment of Mr. Prakash Gurav (DIN: 02004317) as Non-Executive Independent Director. The proposed term will commence from April 05, 2026 and continue until he attains the age of 75 years, specifically up to December 28, 2028 (both days inclusive).
| Event | Date and Time |
|---|---|
| Notice Dispatch Completion: | Tuesday, February 17, 2026 |
| E-voting Commencement: | Wednesday, February 18, 2026 from 9:00 a.m. (IST) |
| E-voting Conclusion: | Thursday, March 19, 2026 at 5:00 p.m. (IST) |
| Results Declaration: | Within 2 working days from closure of voting period |
| Cut-off Date: | Friday, February 13, 2026 |
Director Profile and Qualifications
Mr. Prakash Gurav, aged 72 years, was initially appointed as Non-Executive Independent Director on April 05, 2021 for a five-year term ending April 04, 2026. He holds a Masters in Commerce from University of Pune and is a qualified Chartered Accountant with over 46 years of post-qualification experience.
| Parameter | Details |
|---|---|
| Date of Birth: | December 28, 1953 |
| Current Age: | 72 years |
| First Appointment: | April 05, 2021 |
| Professional Skills: | Accounting, Cost Management, Finance, Taxation, IT and Operational Analysis |
Professional Experience
Mr. Gurav's extensive career includes significant positions at major automotive and financial companies:
- Cummins India Limited: 19+ years, leading Finance function for nine years as senior management team member
- Tata Motors Limited: 12+ years, serving as Senior Vice President – Corporate Finance until retirement on December 31, 2013
- Tata Capital Limited: 4 years as Senior Advisor – Private Equity group post-retirement
Board Committees and Current Directorships
At Automotive Stampings and Assemblies Limited, Mr. Gurav serves as:
- Chairman of Audit Committee
- Member of Stakeholders Relationship Committee
His current directorships include Rithwik Foundation of Performing Arts and Rithwik Creative Arts Private Limited, in addition to his role at the company.
Voting Process and Compliance
The Board of Directors appointed Mr. Sridhar Mudaliar (Membership No. F6156 COP: 2664) or alternatively Mrs. Meenakshi R. Deshmukh (Membership No: FCS No: 7364, COP. No: 7893) from M/s. SVD & Associates as Scrutinizer for the postal ballot process. The resolution requires approval by special resolution, and voting rights will be determined based on shareholding as on the cut-off date of Friday, February 13, 2026.
The postal ballot notice and explanatory statement are available on the company's website at www.autostampings.com . Results will be communicated to both stock exchanges and published on the company's website and CDSL's e-voting portal at www.evotingindia.com .
Historical Stock Returns for Automotive Stampings & Assemblies
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.93% | +1.75% | +5.83% | -1.84% | +3.19% | +988.49% |
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