SM Auto Stamping Officially Appoints Suresh Jagdale as CFO in Board Meeting
SM Auto Stamping Limited has completed its CFO transition with the board meeting held on February 23, 2026, officially appointing Mr. Suresh Govind Jagdale as the new Chief Financial Officer effective March 1, 2026. Jagdale, who holds an MBA and has 25+ years of finance experience, was previously serving as General Manager-Accounts. The appointment follows regulatory procedures under SEBI guidelines and replaces outgoing CFO Vaibhav Khadke.
*this image is generated using AI for illustrative purposes only.
SM Auto Stamping Limited has officially completed its leadership transition with the successful conclusion of its board meeting held on February 23, 2026, at their C-13, MIDC Ambad, Nashik facility. The meeting, which commenced at 1:30 PM and concluded at 3:40 PM, formally approved the appointment of Mr. Suresh Govind Jagdale as the new Chief Financial Officer and Key Managerial Personnel.
Board Meeting Outcomes
The board meeting resulted in the completion of previously announced management changes. The directors formally accepted the resignation of Mr. Vaibhav Khadke from his position as Chief Financial Officer and Key Managerial Personnel, effective from the closure of business hours on February 25, 2026.
| Meeting Details: | Information |
|---|---|
| Meeting Date: | February 23, 2026 |
| Duration: | 1:30 PM to 3:40 PM (IST) |
| Location: | C-13, MIDC Ambad, Nashik |
| Outgoing CFO: | Mr. Vaibhav Khadke |
| Resignation Effective: | February 25, 2026 |
New CFO Appointment Confirmed
Folling the Nomination Remuneration Committee's recommendation, the board officially appointed Mr. Suresh Govind Jagdale as Chief Financial Officer and Key Managerial Personnel, effective from March 1, 2026. The appointment was made pursuant to the provisions of Section 203 of the Companies Act, 2013.
| New CFO Profile: | Details |
|---|---|
| Name: | Mr. Suresh Govind Jagdale |
| Appointment Date: | March 1, 2026 |
| Education: | Master of Business from Yashwantrao Chavan Maharashtra University, Bachelor of Commerce from Uttar Maharashtra University |
| Experience: | 25+ years in finance and accounts field |
| Previous Role: | General Manager-Accounts (Senior Management Personnel since September 19, 2024) |
Additional Board Decisions
The board addressed several other matters during the meeting. The agenda item regarding the management training workshop action taken report was deferred to the next board meeting. Additionally, the board approved revisions to the list of Designated Persons under the company's code of conduct for prevention of Insider Trading, framed in accordance with SEBI (Prohibition of Insider Trading) Regulations, 2015.
Regulatory Compliance
The appointment was communicated to BSE Limited under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, with reference to SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. The official communication was digitally signed by Pawan Mahajan, Company Secretary and Compliance Officer (Membership No.: A65674).
SM Auto Stamping Limited continues its operations as a manufacturer of sheet metal pressed components and welded assemblies for automobile and electrical OEMs, with facilities across Maharashtra including Nashik and Sinnar plants.
Historical Stock Returns for SM Auto Stamping
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -5.07% | -1.83% | -24.62% | -40.51% | -44.39% | +4.30% |
15
