Setco Automotive Limited
All news and filings related to Setco Automotive Limited.
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Setco Automotive Announces 43rd AGM, E-voting, and Book Closure
Setco Automotive Limited announced its 43rd Annual General Meeting (AGM). The company published newspaper advertisements regarding the AGM notice, e-voting information, and book closure details in compliance with SEBI regulations. These notices were filed with BSE and NSE.
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Setco Automotive Announces 43rd AGM on Sep 30, 2026, with FY26 Annual Report
Setco Automotive will hold its 43rd AGM on September 30, 2026. The FY26 Annual Report shows consolidated revenue up 12% to ₹804.92 crore and profit before tax at ₹13.17 crore. Key events include the proposed sale of SASPL and the planned merger of Lava Cast into the parent company. Re-appointments and remuneration for key managerial personnel are also on the agenda.
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Setco Automotive to Close Register of Members on Sep 24-30 for 43rd AGM
Setco Automotive Limited will close its Register of Members from September 24 to September 30, 2026. The record date is set for the 43rd Annual General Meeting (AGM) scheduled for September 30, 2026, at the company's registered office in Gujarat.
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Setco Automotive Announces 43rd AGM on Sep 30, 2026, Book Closure Sep 24-30
Setco Automotive will hold its 43rd Annual General Meeting on September 30, 2026. The Register of Members and Share Transfer Book will be closed from September 24 to September 30, 2026.
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Setco Automotive FY26 Consolidated Audited Financials Issued with Modified Opinion
Setco Automotive Limited's FY26 consolidated audited financial statements have a modified opinion due to non-compliance with IFRS 10 for a subsidiary. The company reported a net loss of ₹428 lakhs on total income of ₹81,674 lakhs for FY26. Management believes there is no impact from the audit qualification.
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Setco Automotive Board Approves FY26 Results, Reappoints Key Management
Setco Automotive's Board approved FY26 results. Key appointments include Aditi Pai as Company Secretary. Re-appointments: Harish Sheth (Chairman & MD), Udit Sheth (Vice Chairman), Urja Shah (Whole-time Director). Consolidated profit before tax ₹8,507 lakh vs loss ₹350 lakh YoY. Standalone profit before tax ₹8,507 lakh vs loss ₹350 lakh YoY.
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Setco Automotive Finalizes Divestment of Subsidiary, Receives ₹215 Crore
Setco Automotive Limited finalized the divestment of its subsidiary, Setco Auto Systems Private Limited, to RSB Transmissions (I) Limited. The final purchase consideration is ₹215 Crore. ₹207.6 Crore was paid on closing, with ₹7.4 Crore released from the holdback on July 29, 2026. The remaining ₹2.6 Crore was adjusted.
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Setco Automotive files certificate under SEBI Depositories Regulations
Setco Automotive Limited has submitted its quarterly certificate under SEBI (Depositories and Participants) Regulations, 2018, for the quarter ending June 30, 2026. The certificate was received from its Registrar and Share Transfer Agents, MUFG Intime India Private Limited.
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Setco Automotive: Promoter Setco Engineering Releases 3.22 Crore Equity Shares
Setco Automotive Limited announced the release of 3.22 crore equity shares by promoter Setco Engineering Private Limited on July 3, 2026. This reduces the promoter's encumbered shares to 2.17 crore (16.21% of total capital). The release is linked to NCDs issued by Setco Auto Systems.
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Setco Automotive Appoints Aditi Pai as Company Secretary and Compliance Officer
Setco Automotive Limited appointed Ms. Aditi Pai as Company Secretary and Compliance Officer, effective July 13, 2026. Ms. Pai has 5 years of experience in corporate secretarial functions and governance.
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Setco Automotive Ltd. Changes Registered Office Address
Setco Automotive Limited has changed its registered office address effective May 26, 2026. The new address is Alindra Village, Vadodara Godhra Highway, Kalol, Panchmahal, Gujarat, India – 389330. The Board approved this shift on March 28, 2026.
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Setco Automotive Limited Delays Financial Results Submission for FY26
Setco Automotive Limited announced a delay in submitting its Audited Standalone and Consolidated Financial Results for the quarter/year ended March 31, 2026. The company requires more time for finalization, review, and audit procedures. They are working to submit the results as soon as possible and aim to avoid future delays.
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Setco Automotive Promoters Declare No New Share Encumbrances for FY26
Promoters of Setco Automotive Limited have declared no new share encumbrances for the financial year ended March 31, 2026. This disclosure confirms no new pledges or indirect encumbrances on their shares beyond previously reported information.
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Setco Automotive: Company Secretary Hiren Vala Resigns with Immediate Effect
Mr. Hiren Vala has resigned as Company Secretary, Compliance Officer, and Nodal Officer of Setco Automotive Limited due to professional reasons. His resignation is effective immediately from May 27, 2026. The company is in the process of appointing a replacement.
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Setco Automotive Completes Sale of 41% Stake in SASPL, Divesting Subsidiary Status
Setco Automotive Limited completed the sale of 4,47,847 equity shares (41%) in SASPL on May 27, 2026. SASPL is no longer a subsidiary. The Purchaser acquired control over SASPL's board and management.
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Setco Automotive Fixes June 2, 2026 as Record Date for Interim Dividend
Setco Automotive Limited has fixed June 2, 2026, as the record date for determining shareholder eligibility for interim dividend payment for FY 2026-27. The dividend was declared by the Board on May 26, 2026.
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Setco Automotive Declares Interim Dividend of ₹13 Per Share
Setco Automotive's Board declared an interim dividend of ₹13 per equity share (650%) for FY27. The record date is June 2, 2026. Payment will be made within statutory timelines.
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Setco Automotive: SAT stays SEBI order on promoters' fund diversion
Securities Appellate Tribunal (SAT) stayed SEBI's order directing Setco Automotive promoters to bring back ₹208.77 Crore. The stay, granted on May 08, 2026, is conditional on depositing the penalty amount and promoters providing undertakings on market access and assets. SAT noted minority shareholder approval for related party transactions.
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Setco Automotive EGM: All 4 Resolutions Passed, Including Share Disposal and Name Change
Setco Automotive Limited's EGM on April 25, 2026, saw all four resolutions pass. Key approvals included a transaction, disposal of shares in a subsidiary, alteration of MOA, and a company name change. The meeting was attended by 7 promoters and 35 public shareholders.
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Setco Automotive Limited Concludes EGM on April 25, 2026
Setco Automotive Limited's EGM concluded on April 25, 2026. Key resolutions included approving a transaction, disposal of shares in a subsidiary, and a company name change. Voting results will be submitted within 48 hours.
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Setco Automotive Subsidiary Gets In-Principle Approval for NCD Maturity Date Change
Setco Auto Systems Private Limited, a subsidiary of Setco Automotive Limited, has received in-principle approval from BSE for modifying its NCD maturity date. The maturity date has been extended from March 31, 2026, to May 31, 2026.
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Setco Automotive Limited Concludes Extra-Ordinary General Meeting on April 25, 2026
Setco Automotive Limited concluded its EGM on April 25, 2026. Businesses transacted included approving a transaction, disposal of shares in a subsidiary, and changes to MOA/AOA. Voting results are pending submission.
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Setco Automotive Announces EGM and E-voting Notice
Setco Automotive Limited has published notices for its Extra-Ordinary General Meeting (EGM) and e-voting information in The Financial Express (English and Gujarati). This action is in compliance with SEBI LODR Regulations and the Companies Act.
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Setco Automotive Files Certificate Under SEBI Regulations for Q4FY26
Setco Automotive Limited submitted a certificate confirming dematerialization of securities for the quarter ended March 31, 2026. The certificate was issued by its Registrar and Share Transfer Agents, MUFG Intime India Private Limited, and confirms compliance with SEBI regulations.
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Setco Automotive Subsidiary's Manufacturing Unit Closure Directions Revoked by GPCB
Setco Automotive's subsidiary, SASPL, has had its manufacturing unit's closure directions revoked by the Gujarat Pollution Control Board (GPCB) on April 16, 2026. The revocation is for three months, with conditions regarding CCA compliance and an undertaking. Operations can resume, with no material adverse impact expected.
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Setco Automotive Announces EGM on April 25, 2026, for Key Corporate Actions
Setco Automotive Limited will hold an EGM on April 25, 2026, to approve transactions related to its subsidiary SASPL and RSB Transmissions. The EGM will also seek approval for the disposal of equity shares in SASPL and a change of the company's name to Shilayan Industries Limited. The cut-off date for voting rights is April 17, 2026.
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Setco Automotive Subsidiary Approves Waiver of ₹125.10 Crore Investor IRR
Setco Auto Systems Private Limited, a subsidiary of Setco Automotive Limited, has approved waivers on its unlisted NCDs. This includes waiving ₹67.0 lakh in Additional Redemption Premium for FY26 and ₹125.10 crore in accrued Investor IRR for FY25-26. These waivers are subject to debenture redemption and have been agreed upon by debenture holders.
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Setco Automotive: Trading Window Closed from April 1, 2026 for Q4FY26 Results
Setco Automotive Limited will close its trading window from April 1, 2026, until 48 hours after the declaration of audited Q4FY26 financial results. This is in compliance with SEBI regulations.
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Setco Automotive Ltd. Corrects Investor IRR Waiver to ₹66.46 Cr
Setco Automotive Limited corrected its previous disclosure regarding an Investor IRR waiver by its subsidiary SASPL. The actual waived amount for FY26 is ₹66.46 crore, revised from ₹75.50 crore. The company received in-principle approval from BSE on March 30, 2026.
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Setco Automotive Sells 41% Stake in SASPL for ~₹185 Crore, Plans Name Change
Setco Automotive will sell 41% stake in SASPL for ~₹185 Crore, with potential deferred consideration. Remaining 24% stake sale for up to ₹255 Crore expected in FY28. Company plans to change its name to Shilayan Industries Limited. EGM on April 25, 2026.
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Setco Automotive Sells Stake in SASPL for ₹185 Crore, Renames to Shilayan Industries
Setco Automotive will sell 41% of SASPL for ₹185 Crore and remaining 24% for up to ₹255 Crore. The company will be renamed Shilayan Industries Limited. A non-compete agreement will yield ₹70 Crore. India Resurgence Fund's debentures in SASPL will be redeemed for ₹97.6 Crore.
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Setco Automotive Clarifies Financial Results Submission
Setco Automotive Limited has clarified that it operates in a single business segment, Auto Components, and has no other reportable segments. The company confirmed that its financial results were submitted within the prescribed timeline and assured continued compliance with regulations.
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Setco Automotive Approves Amalgamation of Wholly-Owned Subsidiary LCPL
Setco Automotive Limited's Board approved the amalgamation of its wholly-owned subsidiary, Lava Cast Private Limited (LCPL), into the company. The merger aims to simplify corporate structure and reduce costs. No shares or consideration will be exchanged as LCPL is wholly-owned. Audited figures as of March 31, 2025, show LCPL's turnover at ₹8,737.90 lakhs and Setco's consolidated turnover at ₹71,862.76 lakhs.
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Setco Automotive Announces Trading Window Closure Due to UPSI
Setco Automotive Limited has closed its trading window for designated persons and their relatives due to Unpublished Price Sensitive Information (UPSI). The window will remain shut for 48 hours after the UPSI becomes public.
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Setco Automotive Subsidiary Waives ₹75.50 Crore Investor IRR for FY26
Setco Auto Systems Private Limited, a subsidiary of Setco Automotive Limited, has waived accrued Investor IRR of ₹75.50 crore for FY26 on its listed Non-Convertible Debentures. The waiver was approved by the subsidiary's board on March 20, 2026, with consent from debenture holders.
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Setco Automotive Acquires 10.31% Stake in Subsidiary Lava Cast Private Limited
Setco Automotive Limited's board approved acquiring 10.31% stake in subsidiary Lava Cast Private Limited (LCPL) from Setco Auto Systems Private Limited for ₹1. LCPL becomes a wholly-owned subsidiary. The company also acquired LCPL's NCDs and assigned a ₹97.56 Crore loan to itself. These actions aim to simplify group structure.
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Setco Automotive Subsidiary Extends NCD Maturity Date to May 31, 2026
Setco Auto Systems Private Limited (SASPL), a subsidiary of Setco Automotive Limited, has extended the maturity/redemption dates of its Non-Convertible Debentures (NCDs). The maturity dates are extended from March 31, 2026, to May 31, 2026, with the consent of debenture holders and the trustee.
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Setco Automotive Subsidiary Unit Faces Closure Directions from GPCB
Setco Automotive's subsidiary, Setco Auto Systems Private Limited, has received closure directions for its Kalol, Gujarat manufacturing unit from the GPCB. The directive, issued on March 10, 2026, follows a February 13, 2026 inspection. The company is assessing legal remedies and the financial/operational impact.
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Setco Auto Systems gets BSE in-principle approval for NCD maturity date modification
Setco Auto Systems Private Limited, a subsidiary of Setco Automotive Limited, received in-principle approval from BSE Limited on March 09, 2026, to modify the maturity date of its NCDs from January 31, 2026, to March 31, 2026.
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Setco Automotive Board Approves Q3 FY26 Results & Appoints Internal Auditors
Setco Automotive's Board approved Q3 FY26 standalone and consolidated results on February 13, 2026. M/s. Mahesh Udhwani & Co. were appointed as Internal Auditors for FY27. Various SEBI-mandated policies were also reviewed and approved.
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Setco Automotive Board Approves Q3 FY26 Results, Appoints New Internal Auditors
Setco Automotive approved unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025. Standalone profit was ₹16 Lakhs for the quarter and ₹134 Lakhs for nine months. Consolidated loss stood at ₹5,718 Lakhs for the quarter and ₹14,069 Lakhs for nine months. M/s. Mahesh Udhwani & Co. were appointed as Internal Auditors for FY27.
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SEBI passes order against Setco Automotive and its directors
SEBI has issued an order against Setco Automotive Limited and its directors concerning alleged financial irregularities. Allegations include diversion of ₹124.45 crore via marketing commissions and misappropriation of ₹101.01 crore through investments in promoter entities. The company faces charges of non-disclosure of NCD costs and delayed CFO appointment.
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SEBI Orders Against Setco Automotive and Others for Fraudulent Practices
SEBI has issued an order against Setco Automotive Limited and others for alleged fraudulent practices. Allegations include diversion of ₹124.45 crore to promoter entities via marketing commissions and misappropriation of ₹81.96 crore through investments in SEPL. Subsidiary SASPL also allegedly misused funds, advancing money to TTPL at a low interest rate. Non-compliance with disclosure norms and CFO appointment timelines are also cited.
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Setco Automotive Files SDD Compliance Certificate for Q3 FY26
Setco Automotive Limited submitted its SDD Compliance Certificate for the quarter ended December 31, 2025. The company confirmed it has a compliant Structured Digital Database with access controls and an audit trail, capturing all UPSI disseminated during the quarter.
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Setco Automotive Files Certificate Under SEBI Regulations for Q3 FY26
Setco Automotive Limited has filed a certificate under SEBI regulations for the quarter ended December 31, 2025. The company's RTA confirmed processing of dematerialisation requests and adherence to regulatory timelines.
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Setco Subsidiary Gets In-Principle Approval for NCD Maturity Date Modification
Setco Automotive's subsidiary, Setco Auto Systems, received in-principle approval from BSE to modify its NCD terms. The maturity date of the debentures has been extended from December 01, 2025, to January 31, 2026. This is subject to regulatory compliance.
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Setco Automotive Receives Warning Letters from BSE and NSE for NRC Meeting Lapse
Setco Automotive Limited received warning letters from BSE and NSE for failing to hold a Nomination and Remuneration Committee meeting in FY24-25. The company is implementing corrective measures to ensure compliance with SEBI LODR regulations and prevent recurrence.
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Setco Automotive Closes Trading Window From Jan 1, 2026
Setco Automotive Limited will close its trading window from January 1, 2026. The window will reopen 48 hours after the announcement of audited financial results for the quarter and nine months ended December 31, 2025. This aligns with SEBI insider trading regulations.
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Setco Automotive Clarifies Financial Results Segment
Setco Automotive Limited clarified that its sole business segment is Auto Components in response to a flagged inadequacy in its financial results. The company provided this clarification on November 27, 2025.
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Setco Auto Systems Named Asia’s Leading Brand
Setco Auto Systems' Setco Lipe Clutch wins Asia’s Leading Brand and Asia’s Most Trusted Brand awards at the Asian Brand and Leadership Conclave 2025.
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