Automotive Stampings and Assemblies Limited has informed the Exchange regarding 'Board Comments on Fine levied by the Stock Exchanges'.
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Automotive Stampings and Assemblies Limited (a Tata group company) was fined Rs 13,000 plus 18% GST (total Rs 15,340) by NSE and BSE for not having a Company Secretary in place for 13 days during the quarter ended December 31, 2025, violating Regulation 6(1) of SEBI's Listing Regulations. The company says the gap was unintentional and caused by difficulty in finding and onboarding a suitable candidate, as the selected person had to serve a notice period at their previous employer. The Board has now appointed Mr. Krishna Dayma as Company Secretary and Compliance Officer effective March 13, 2026, and the fine has already been paid along with GST. The company has committed to strengthening internal monitoring to avoid such lapses in the future.
This is a minor, one-time compliance lapse that has already been resolved with the appointment of a new Company Secretary and payment of the small fine. Shareholders are unlikely to see any meaningful impact on the stock price, though it serves as a reminder that the company briefly risked promoter shareholdings being frozen and the stock being shifted to the restrictive 'Z' category (trade-for-trade) had the issue not been fixed quickly.