Notice of 19th AGM of the company is attached herewith.
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Awaiting price reaction for this filing.
SM Auto Stamping has called its 19th AGM on Tuesday, 23rd September 2025 at 11:30 a.m. via video conferencing, with the deemed venue at Nashik. The agenda includes adopting the audited standalone and consolidated financial statements for FY ended 31 March 2025, re-appointing Non-Executive Director Mrs. Alka Mukund Kulkarni (DIN: 06896902) who retires by rotation — she holds 48.14% (65,89,009 shares) and is the spouse of CMD Mr. Mukund Narayan Kulkarni. Shareholders will also consider re-appointing M/s S.R. Rahalkar & Associates as statutory auditors for a second 5-year term until FY ending March 2030, with proposed remuneration of Rs. 2,00,000 for FY 2025-26. A special business item seeks approval for material related party transactions for FY 2025-26, including up to Rs. 4 crore in sales and Rs. 2 crore in purchases with associate SM Autovision Pvt Ltd, and Rs. 2 crore each in sales/purchases with Suvidh Engineering Industries (a partnership firm in which directors are partners). The cut-off date for e-voting eligibility is 17th September 2025.
Routine items — director re-appointment and auditor re-appointment — are unlikely to move the stock. However, the material related party transaction approvals, which allow sizeable dealings (over Rs. 12 crore combined) with the promoter's associate company and a partnership firm where directors are partners, are a governance watchpoint and may attract scrutiny from minority shareholders.