Setco Automotive discloses voting results of 43rd AGM held on Sep 30
- All five resolutions at Setco Automotive's 43rd AGM passed with requisite majority
- Audited FY26 standalone and consolidated financial statements adopted by shareholders
- Reappointments approved for Harish Kiritbhai Sheth, Udit Harish Sheth, and Urja Harshal Shah
- Voting results disclosed pursuant to Regulation 44 of SEBI Listing Regulations
*this image is generated using AI for illustrative purposes only.
Setco Automotive Limited disclosed the detailed voting results of its 43rd Annual General Meeting (AGM) held on September 30, 2026. The company confirmed that all five resolutions proposed in the meeting notice were passed with the requisite majority.
The AGM, concluded at 3:00 pm at the registered office in Kalol, Gujarat, saw the adoption of audited standalone and consolidated financial statements for FY26. Shareholders also approved the reappointment of key directors, including Harish Kiritbhai Sheth as Chairman and Managing Director, Udit Harish Sheth as Vice Chairman and Executive Director, and Urja Harshal Shah as Executive Director. Mrs. Urja Shah was also reappointed in place of a retiring director.
Voting participation and quorum
The meeting was attended by 37 shareholders either in person or through proxy, satisfying the quorum requirements under Section 103 of the Companies Act, 2013. Voting was conducted via remote e-voting through the CDSL platform between September 27 and September 29, 2026, alongside physical polling during the meeting.
| Metric | Details |
|---|---|
| Date of AGM | September 30, 2026 |
| Total shareholders on record date | 30,360 |
| Shareholders present (Promoters) | 5 |
| Shareholders present (Public) | 32 |
| Video Conferencing attendees | Not Applicable |
Resolution outcomes
All resolutions were passed unanimously or with overwhelming support from the promoter group, which holds a significant stake. The public non-institutional shareholders showed minor dissent in certain resolutions but did not affect the outcome.
| Resolution | Type | Votes In Favour | Votes Against | Result |
|---|---|---|---|---|
| Adoption of FY26 Financial Statements | Ordinary | 7,75,70,782 | 38 | Passed |
| Reappointment of Mrs. Urja Shah | Ordinary | 7,75,70,130 | 690 | Passed |
| Reappointment of Harish Kiritbhai Sheth | Special | 7,75,70,130 | 690 | Passed |
| Reappointment of Udit Harish Sheth | Special | 7,75,70,130 | 690 | Passed |
| Reappointment of Urja Harshal Shah | Special | 7,75,69,915 | 905 | Passed |
Procedural compliance
Mrs. Babita Gupta from M/s. Shravan A. Gupta & Associates served as the Scrutinizer to ensure a transparent voting process. The Consolidated Scrutinizer’s Report, dated October 2, 2026, confirms that the electronic data and records are under safe custody. The detailed results have been uploaded to the company website and communicated to stock exchanges in compliance with SEBI (LODR) Regulations, 2015.
Historical Stock Returns for Setco Automotive
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.06% | -5.81% | -0.23% | -25.68% | -10.42% | -4.38% |
How will the continued leadership of the Sheth family influence Setco Automotive's strategic direction and capital allocation plans for FY27?
What specific growth initiatives or market expansions are expected to be prioritized by the reappointed executive directors in the upcoming fiscal year?
How might the minor dissent from public shareholders regarding director reappointments impact future corporate governance reforms at Setco?
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