Attached herewith Outcome of Board Meeting Dated 2302.2026
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
SM Auto Stamping's Board met on 23rd February 2026 and accepted the resignation of Mr. Vaibhav Khadke from the position of Chief Financial Officer (CFO) and Key Managerial Personnel, effective from the close of business on 25th February 2026. The Board also approved the appointment of Mr. Suresh Govind Jagdale as the new CFO and KMP, effective from 1st March 2026. Mr. Jagdale holds an MBA and B.Com and brings over 25 years of experience in the accounts field. Additionally, the Board approved revisions to the list of Designated Persons under the insider trading code. A prior agenda item on a management training workshop action-taken report was deferred to the next meeting.
This is a routine CFO transition with a brief overlap-free handover, which is generally neutral for shareholders. Investors may watch the new CFO's first quarterly results for any change in financial reporting or capital allocation stance.