SM Auto Stamping Limited Surrenders EPCG Authorizations, Resolving Outstanding Notices
SM Auto Stamping Limited has reported the formal surrender of Export Promotion Capital Goods (EPCG) Authorizations for two subject licenses. The company confirmed receiving the necessary 'Letter of Surrender of EPCG Authorization' from the Assistant DGFT, Regional Authority Pune.The surrender pertains to the EPCG Authorizations for the two licenses. Following the submission of the required documentation, the department officially issued the Letter of Surrender and the Unutilization Letter, confirming that no benefits were utilized under these schemes.
The formal surrender of the licenses has resolved previous administrative matters for the listed entity. Consequently, the Show Cause Notices dated March 17, 2026, and March 25, 2026, have been successfully resolved and are now marked as closed.
The surrender of the license was carried out due to the unutilisation of the EPCG license. The company noted that there is no monetary impact resulting from this surrender of the license.
SM Auto Stamping Limited operates as a manufacturer of sheet metal pressed components and welded assemblies for Automobile and Electrical Original Equipment Manufacturers (OEMs).
Stock Price Movement
At the close of trade on Thursday, shares of SM Auto Stamping Ltd settled completely flat at ₹31.00, marking a zero percentage change. Throughout the session, the stock traded completely locked, remaining at a constant price point between the high and low of ₹31.00.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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