Automotive Stampings and Assemblies Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on July 30, 2025. Further, the company has informed the Exchange regarding voting results.
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Automotive Stampings and Assemblies Limited (a Tata Enterprise) held its 35th AGM on July 30, 2025 via video conferencing, with 37,064 shareholders on record. Of the 1.59 crore total outstanding shares, about 1.19 crore (75.05%) were polled through remote e-voting and AGM e-voting. All 13 resolutions were passed with the required majority. Ordinary resolutions included adoption of FY25 audited financial statements (99.99% in favour), re-appointment of Mr. Bharatkumar Parekh as director (99.99%), appointment of SVD and Associates as secretarial auditor for 5 years (99.99%), and ratification of cost auditor remuneration (99.99%). Eight related-party transaction resolutions with Tata group entities (Tata Motors, Tata AutoComp subsidiaries, Fiat India, Tata Steel Downstream Products, Tata Passenger Electric Mobility, etc.) were also approved with around 88.6–88.8% in favour — the promoter with 1.19 crore shares did not vote on these RPTs as a related party. A special resolution revising the remuneration of CEO Mr. Suhas Dode was passed with 99.99% in favour.
All routine AGM items, including director re-appointment, auditor appointments and CEO pay revision, were comfortably approved, indicating shareholder alignment with management. Continued approval of related-party transactions with Tata group entities signals business-as-usual for the company's intra-group dealings, which is material given its reliance on Tata Motors and other Tata group clients.