Setco Automotive Limited
Incorporated in 1982, Setco Automotive Ltd manufactures Clutch products and systems and Hydraulics (Pressure Converters)
What Setco files
- Others37
- Updates26
- Board Meeting13
- Pledging8
- Important7
- Results6
Big relief for #SETCO investors! 🚀 Securities Appellate Tribunal (SAT) has stayed SEBI's order against Setco Automotive's promoters. **The Issue:** SEBI had previously ordered Setco Automotive promoters to return approximately ₹208.77 Cr, alleging diversion of funds related to a ₹615 Cr funding infusion. This included a marketing commission payment of...
**Setco Automotive (SETCO)** Update: Its subsidiary SASPL had faced a closure order for its manufacturing unit in Kalol from the Gujarat Pollution Control Board (GPCB) due to environmental compliance issues. Setco promptly implemented necessary corrective actions and submitted an undertaking. GPCB has now revoked the closure order for three months,...
Setco Automotive is selling its major subsidiary, SASPL (96% of revenue), to RSB Transmissions for a total consideration up to 581 Cr from equity sales and a non-compete. This strategic shift includes renaming the company to Shilayan Industries. Its subsidiary, LCPL, will continue supplying SASPL, securing 33 Cr.
Setco Automotive has announced the temporary closure of its Register of Members and Share Transfer Books. This is a standard operational procedure conducted in preparation for the company's 42nd Annual General Meeting. The closure is crucial for determining the eligibility of shareholders who can participate in voting and other proceedings...
Consolidated financials for Setco Automotive reveal total revenue from operations for the quarter at ₹17,733 crores, increasing from ₹15,985 crores in the previous quarter and ₹16,505 crores year-over-year, indicating growth driven by higher demand and market expansion. However, other income experienced a significant decline, contributing to a total income of...