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Incorporated in 1982, Setco Automotive Ltd manufactures Clutch products and systems and Hydraulics (Pressure Converters)
Setco Automotive will hold its 43rd Annual General Meeting. The company announced a book closure period for determining shareholders eligible to participate and vote in the AGM.
Setco Automotive's auditors issued a modified opinion on the FY26 consolidated financial statements. This is due to the UK subsidiary's consolidated financials not being prepared as per IFRS 10. Management believes there is no financial impact.
Setco Automotive finalized its majority stake sale in subsidiary SASPL for Rs 215 Cr, a significant increase from the initial estimate of Rs 185 Cr. This transaction positively impacts company financials.
Setco Automotive has appointed Ms. Aditi Pai as its new Company Secretary and Compliance Officer. She brings 5 years of experience in corporate governance and compliance, strengthening internal oversight.
Setco Automotive completed the sale of 4,47,847 shares (41%) of Setco Auto Systems (SASPL) to RSB Transmissions. SASPL is no longer a Setco subsidiary, and RSB now controls it.