Automotive Stampings and Assemblies Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results.
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Automotive Stampings and Assemblies Limited (a Tata group company) conducted a postal ballot via e-voting from February 18, 2026 to March 19, 2026 to seek shareholder approval for re-appointing Mr. Prakash Gurav (DIN: 02004317) as a Non-Executive Independent Director for a second consecutive term from April 5, 2026 to December 28, 2028, until he attains the age of 75. The special resolution was passed with overwhelming shareholder support, with 11,920,593 votes (99.9994%) cast in favor and only 72 votes (0.0006%) against, out of 11,920,665 total valid votes polled (75.14% of outstanding shares). Promoter group voted 100% in favor, public institutions voted 100% in favor on the 721 shares they exercised, while public non-institutions showed 99.67% support. The scrutinizer SVD & Associates confirmed no invalid votes, and the resolution is deemed passed as of March 19, 2026.
This is a routine corporate governance matter with near-unanimous shareholder approval, indicating strong confidence in the board. No material impact on stock price is expected, as it simply ensures continuity of an existing independent director.