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ASAL mainly manufactures sheet-metal stampings, welded assemblies, and modules for passenger cars and commercial vehicles (largely for Tata Motors Limited); these products account for more than 95% of the total revenue. It has four manufacturing facilities: two in Pune, one each in Halol (Gujarat) and Pantnagar (Uttarakhand). The Co. is being promoted by TATA Autocomp Systems Ltd (TACO).
ASAL clarified its quarter's financial results were correctly signed by an authorized Independent Director due to the Chairperson's virtual attendance and absence of a Managing Director or Whole-Time Director. The delay in submitting results to NSE was a technical glitch; BSE received them on time. This has no impact on...
Automotive Stampings and Assemblies Limited (ASAL) announced that CRISIL reviewed its bank loan facilities, totaling ₹169 Cr. The rating agency reaffirmed the long-term rating at CRISIL A-/Stable and the short-term rating at CRISIL A2+. This indicates the agency's current assessment of the company's creditworthiness, focusing on stability.