Dear Sir/Madam, We would like to inform you that a meeting of Board of Directors of the Company was held on August 20, 2025 through video conferencing and said meeting commenced at 8:39 ....
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The board of SM Auto Stamping Ltd met on August 20, 2025, via video conferencing and approved several items. Key decisions included appointing CS Sujata R. Rajebahadur as Secretarial Auditor and Laxmikant and Associates as Internal Auditor for FY 2025-26. The board also approved the reappointment of Statutory Auditor M/s S.R. Rahalkar & Associates for a second 5-year term, covering FY 2024-25 through FY ending March 2030, subject to shareholder approval at the 19th AGM. Additionally, the board approved the 19th AGM notice, book closure, scrutinizer appointment, FY 2024-25 annual report with an addendum, and authorized renewal of a cash credit facility with TJSB Sahakari Bank Limited. Quarterly compliance reports for Q1 FY26 were also noted.
This is a routine, administrative board meeting with standard AGM-related and audit-related approvals. The auditor reappointment signals continuity, and the bank facility renewal ensures uninterrupted working capital. No material impact on shareholders or stock price is expected.