ASALAutomotive Stampings and Assemblies Limited

CIN: L28932PN1990PLC016314ASALISE/2019-20April 24, 2019

The Executive Director,BSE Limited,Corporate Relationship Department,1st Floor, New Trading Ring,Rotunda Bldg., P.J. Towers,Dalal Street, Mumbai 400 001

Scrip Code: 520119

Dear Sirs / Madam,

The Executive Director,National Stock Exchange of India Ltd.,Exchange Plaza,Bandra (East),Mumbai 400 051

Scrip Code: ASAL

Sub: Outcome of Board meeting held on April 24, 2019

Disclosure of event / information under Regulation 30 of SEBI (ListingObligations and Disclosure Requirements) Regulations, 2015 (SEBI ListingRegulations)

The Board of Directors at its meeting held today has approved;

i) Appointment of Mr. Pradeep Bhargava, (DIN:00525234) Non­Executive Independent Director as the Chairman of the Board wefApril 24, 2019 and he shall preside as the Chairman unless andotherwise decided by the Board.

ii) Re-appointment of Mr. Pradeep Bhargava (DIN-00525234) as Non­Executive Independent Director of the Company for second term of 4(four) consecutive years for the period starting from July 22, 2019 toJuly 21, 2023, subject to approval of Shareholders of the Company.

iii) Re-appointment of Ms. Rati Forbes (DIN-00137326) as Non­Executive Independent Director of the Company for second term of1(one) consecutive year for the period starting from July 22,2019 toJuly 21, 2020, subject to approval of Shareholders of the Company.

iv) Appointment of Mr. Shrikant Sarpotdar (DIN- 01800442) as anAdditional Director designated as Non-Executive IndependentDirector wef April 24, 2019 for a period of 5 (five) years starting fromApril 24, 2019 to April 23, 2024, subject to approval of Shareholders

of the Company. ~

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Website: www.qulostilmDinqs.com CI) <t-Read. Off: TACO House. Plot No-201B FPN085. V.G. Damle Path. 0If Law College Road. Era • Pune: 411004 CO

Chau"; Gat No. 427. Medankarwad. Chakan. Tal. Khed. Dist Pune-410 501 Tel: 912 2,1 9800-03 tilHalol: Survey No. 173, VlllajJe Khakharia. TaJuka: Savafl. Dis!: Vadodara. Halol-389 350. Gularat Tele .!liD 7288042. 093 ~

Ultarakhand: PIOl No. 71. Seclor 11. Integrated Industrial Estate, Pan\nagar. US Na9ar 263153 State- U Tel: 91 05944~'fI-

A TATA Enterprise ~"fy 'V0~'

*

ASALAutomotive Stampings and Assemblies Limited

CIN: L28932PN1990PLC016314It is further affirmed that Mr. Pradeep Bhargava, Ms. Rati Forbes and Mr. ShrikantSarpotdar are not debarred from holding the office of Director by virtue of any SEBIOrder or any other authority.

The details' as required under Regulation 30 of SEBI Listing Regulations areenclosed herewith.

Kindly take it on your records.Yours faithfully,For utomotive Stampings and Assemblies Limited

Ashuto h KulkarniCompany SecretaryM. No: A18549

Websttl: www.Gutostamolngs.comRegd. Off: TACO House, Plol No- 20/8 FPN085, V.G. Damle Path, Off law College Road, Erandwane, Puna: 411004

Cheken: Gat No. 427, Medankarwadi, Chakan, Tal, Khed, Dist Pune -410501 Tel: 91 2135 679800{)3Halol: Survey No. 173, Village Khakharia, Taluka: Sa.ali, Disl: Vadodara, Halol- 389350, GUjarat Telefax: 91 2667288042,09377666122

Ultarekhend: Plot No. 71 , Sector 11, Integrated InduslJial Estate, Panlnagar, US Nagar 263153 State- Ullarakhand Tel: 91 05944250652

A TATA Enterprise

ASALAutomotive Stampings and Assemblies Limited

CIN: L28932PN1990PLC016314

Appointment of Mr. Pradeep Bhargava (DIN: 00525234) Non- ExecutiveIndependent Director as the Chairman of the Board wef April 24, 2019 & hisre-appointment as Non-Executive Independent Director.

Sr.No.1.

2.

3.

Details of events that needs to beprovided.Reason for changeviz. appointment, resignation,removal I death or otherwise

Date of appointment / sessation(asapplicable)

Term of appointment

Brief profile

Details

a) Appointment of Mr. Pradeep BhargavaNon-Executive Independent Director asthe Chairman of the Board wef April 24,2019 and he shall preside as theChairman unless and otherwise decidedby the Board.

b) Re-appointment of Mr. PradeepBhargava as Non-Executive IndependentDirector of the Company not liable toretire by rotation.

Wef April 24, 2019, Mr. Pradeep Bhargava isappointed as the Chairman of the Board ofDirectors of the Company and he shall presideas the Chairman unless and otherwise decidedby the Board.

The Shareholders of the Company at 24th

Annual General Meeting held on July 22, 2014appointed Mr. Pradeep Bhargava as Non­Executive Independent Director of the Companyupto July 21, 2019. His re-appointment isproposed for second term of 4(four) consecutiveyears for the period starting from July 22, 2019to July 21, 2023, subject to approval ofShareholders of the Company

Mr. Pradeep Bhargava holds a bachelor';degree in Science (Honors) from RajasthanUniversity, Jaipur; B.E. in Electronics andCommunication from the Indian Institute ofScience, Bengaluru and MBA from the IndianInstitute of Management, Ahmedabad.

ASALAutomotive Stampings and Assemblies Limited

CIN" L28932PN1990PLC016314Mr. Bhargava has long experience in both stateand private enterprises in fields ranging fromconsumer, industrial and energy sectors. He hasworked with the Atomic Energy Commission,BHEL, Bharat Forge Group and General Electricbefore joining Cummins in 2000. He steered thepower generation business of Cummins in India.

Mr. Bhargava is Independent Director with someleading Indian Corporates including PersistentSystems Ltd., Himatsingka Seide Limited andPune City Connect. He is the member of AuditCommittee, CSR Committee, NominationCommittee of the Boards and Chair some ofthese Committees.

He has been active on industry forums and wasChairman (Western Region) of theConfederation of Indian Industries (CII) andPresident of Mahratta Chamber of CommerceIndustries and Agriculture (MCCIA),

4. Disclosure of relationships betweenthe Directors of the Company(in case of appointment of a Director)

Mr. Pradeep Bhargava is not related to anyDirector of the Company.

Website: www.autosrnmping!!.comRegd. Off: TACO House, Piol No- 20lB FPN085, V.G, Damle Path, Off Law College Road, Erandwane, Pune: 411004

Chakan: Gal No, 427, Medankarwadi, Chakan, Tal. Khed, Dist Pune-410 501 Tel: 91 2135 679~3Halo!: Survey No. 173, Village Khakharia, Taluka: Savali, Dist: Vadodara, Halol- 389 350, Gujarat Telefax: 91 2667288042,09377666122

Ullarakhand: Plot No. 71, Sector 11, Inlegrated Indusllial Estate, Panlnagar, US Nagar 263153 State- Utlarakhand Tel: 91 05944250652

A TATA Enterprise

ASALAutomotive Stampings and Assemblies Limited

CIN: L28932PN1990PLC016314

Re-appointment of Ms. Rati Forbes (DIN: 00137326) as Non-ExecutiveIndependent Director of the Company

Sr.No.1.

2.

3.

4.

Details of events that needs to beprovided.Reason for changeviz. appointment, resignation,romoval , doath or otherwiseDate of appointment / cessation(asapplicable)

Term of appointment

Brief profile

Disclosure of relationships betweenthe Directors of the Company(in case of appointment of a Director)

Details

Re-appointment of Ms. Rati Forbes as Non­Executive Independent Director of the Companynot liable to retire by rotation.

The Shareholders of the Company at 24tn

Annual General Meeting held on July 22, 2014appointed Ms. Rati Forbes as Non- ExecutiveIndependent Director of the Company upto July21, 2019. Her re-appointment is proposed forsecond term of 1 (One) consecutive year for theperiod starting from July 22, 2019 to July 21,2020, subject to approval of Shareholders of theCompany

Ms. Rati Forbes is a Director of the ForbesMarshall Group and heads the ForbesFoundation. She chaired Confederation ofIndian Industry's western region cell for socialdevelopment, whose main objective is tosensitize corporate entities to their socialresponsibilities. She is an Independent Directoron the Board of public listed companies, as wellas on the Board of Foundations nationally andinternationally.Ms. Rati Forbes graduated in Psychology(Honours) and Sociology from the University ofMumbai and has also taken special courses inhuman resources, organizational behaviour andstrategic philanthropy. She also holds a Mastersin Sustainability Management and Leadershipfrom CambridQe University.Ms. Rati Forbes is not related to any Director ofthe Company.

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Regd. Off: TACO House, Plot No- 20/6 FPN085, V.G, Oamle Path, OIfLaw CoI'fQ.\oad, ErandwaneJ1 411004Chakan: Gat No. 427, Medankarwadi. Chakan, Tal, Khed, Dist Pune~H~.~~ 91 21351if'91 3

Halol: Survey No. 173, Village Khakharia, Taluka: Savali, Dis!: Vadodara, Halol- 389 350,' .~ ~ ~~ 042, 09377666122Ultarakhand: Plot No. 71, Sector 11,Integraled Industrial Estate, Pantllagar, US Nagar263153~Uqlo.ra~ el: 9105944250652

A TATA Enterprise ---.-

ASALAutomotive Stampings and Assemblies Limited

CIN: L28932PN1990PLC016314Appointment of Mr. Shrikant Sarpotdar (DIN- 01800442) as an AdditionalDirector designated as Non-Executive Independent Director

Sr. Details of events that needs to be DetailsNo. provided.1. Reason for change Appointment of Mr. Shrikant Sarpotdar as an

viz. appointment, resignation, Additional Director (designated as Non-

remmmi , death or otherwise Executive Independent Director) of theCompany

Date of appointment I cessation(as Appointed w.e.f. April 24, 2019 to hold office2. applicable) upto the date of next Annual General Meeting of

the Company not liable to retire by rotation and

Term of appointment for a period of 5 (five) years starting from April24, 2019 to April 23, 2024 , subject to approvalof Shareholders of the Company.

3. Brief profile Mr. Shrikant Sarpotdar is qualified CharteredAccountant with 45 years of diversifiedexperience in Corporate Strategic Planning,Finance, Tax, Audit, Information Technologyand was overall in- charge of Finance at JCBIndia Limited & Cummins India Limited. He wasmember of Board of Directors of some of JCB'sand Cummin's Indian subsidiaries.

4. Disclosure of relationships between Mr. Shrikant Sarpotdar is not related to anythe Directors of the Company Director of the Company.

(in case of appointment of a Director)

Website: www.au192tamplngs.comRogd. Off: TACO House, Plot No- 20/B FPN085, V.G. Damle Path, Off Law College Road, Erandwano, Puno: 411004

Chikin: Gat No. 427, Medankarwadi, Chakan, Tal. Khod, Dist Pune -41 0 501 Tel: 91 2135 679800-03Halol: SUlvey No. 173, Village Khakharia, Taluka: Savali, Dist: Vadodara, Halol- 389 350, GUjarat Telelax: 912667288042,09377666122

Uttarakhand: Pial No. 71, Seclor 11, Integrated Industrial Eslale, Panlnagar, US Nagar 263153 Slale- Uttarakhand Tel: 91 05944250652

A TATA Enterprise