Company has received Show cause notice from DGFT.
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SM Auto Stamping Ltd has received a Show Cause Notice from the Assistant DGFT (Directorate General of Foreign Trade), Regional Authority Pune, on 25 March 2026. The notice has been issued under section 14 for possible action under sections 9, 11 and 13 of the Foreign Trade (Development and Regulation) Act, 1992. It is connected with EPCG (Export Promotion Capital Goods) license number 3130006758, and the DGFT has asked the company to explain why conditions attached to the license were allegedly not complied with. A hearing in the matter is scheduled for 6 April 2026. The company has stated there is no current impact on its financials or operations and is in the process of filing its reply.
This is a regulatory compliance issue related to an export-related license and not a financial or operational crisis at this stage. The outcome of the DGFT hearing could potentially lead to penalties or license action, which may affect future export benefits, but the company has confirmed no immediate impact on its business or financials.