Automotive Stampings and Assemblies Limited Regulatory Compliance Clarification
Summary of NSE Query and Company Response
Automotive Stampings and Assemblies Limited has provided a detailed clarification to the National Stock Exchange of India Ltd (NSE) regarding two issues raised about their Q1 FY27 financial results submission.
Date and Nature of NSE Query
The NSE query was received via email dated August 17, 2026, raising two specific concerns:
1. The financial results for the quarter ended June 30, 2026 were not signed by the Chairperson, Managing Director, Whole Time Director, or Authorized Director as required under Regulation 33(2)(b) of SEBI Listing Regulations
2. The financial results were not submitted within the stipulated timeline (30 minutes or 3 hours from the end of the board meeting)
Company's Clarification on Signing Authority
The company provided the following clarifications regarding the signing of financial results:
- The Chairperson attended the board meeting through Video Conferencing and, in compliance with NSE Circular Ref. No. NSE/CML/2022/39 dated August 2, 2022, did not sign the Financial Results
- The company does not have a Managing Director or Whole-Time Director on its Board
- The Board of Directors, at their meeting held on July 24, 2026, authorized Mr. Prakash Gurav (Independent Director, DIN: 02004317) to sign the Unaudited Financial Results for the quarter ended June 30, 2026
- A certified copy of the Board Resolution was enclosed for reference
Company's Clarification on Submission Delay
Regarding the delay in submission of financial results under Regulation 30(6) of Listing Regulations:
- The company experienced a technical glitch on the NEAPS portal while submitting the financial results
- Despite this technical issue, the company had submitted the financial results with BSE within the stipulated timeline
- The company voluntarily brought this matter to NSE's attention by sending an official communication to listingfr@nse.co.in
- The board meeting outcome was initially filed at 1:20 PM IST on July 24, 2026, but due to the technical glitch, it was not reflecting on the NSE portal
- The company refiled the Board Meeting Outcome at 1:57 PM IST on the same day
- Evidence showed that BSE had received the filing at 1:13 PM IST on July 24, 2026
Regulatory Compliance References
The company specifically referenced compliance with:
- Regulation 33(2)(b) of SEBI (Listing Obligations and Disclosures Requirement) Regulations, 2015
- Regulation 30(6) of SEBI Listing Regulations
- NSE Circular Ref. No. NSE/CML/2022/39 dated August 2, 2022
- Regulations 33, 47 and other applicable provisions of SEBI LODR
Financial Results Details
The document references the company's unaudited financial results (Standalone) for the quarter ended June 30, 2026, showing:
- Total Income: ₹25,390.45
- Profit Before Tax: ₹626.26
- Net Profit/Loss: ₹468.64
- Earnings Per Share: ₹2.95
Correspondence Timeline
- July 24, 2026: Board meeting held and financial results approved
- July 24, 2026: Initial filing attempt (1:20 PM IST) and refiling (1:57 PM IST)
- July 24, 2026: NSE follow-up email at 3:17 PM requesting clarification
- July 27, 2026: Company's detailed response to NSE
- August 18, 2026: Formal response letter to NSE
Topic Tags: Regulatory Response, Financial Results Clarification, Technical Glitch, Compliance, SEBI Regulations