Setco Automotive Limited announced the resignation of Mr. Hiren Vala from the positions of Company Secretary, Compliance Officer, and Nodal Officer effective immediately. The resignation, tendered on May 27, 2026, was attributed to professional reasons and disclosed to the stock exchanges under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Mr. Vala served as a Key Managerial Personnel and was relieved from his responsibilities with effect from the close of business hours on May 27, 2026. The company confirmed that the resignation was communicated via a formal letter dated the same day.

Regulatory Filing Details

The disclosure was made in compliance with Para A, Part A of Schedule III of the SEBI Listing Regulations and SEBI Circular No SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. The filing included the resignation letter and specific details regarding the cessation of the officer's tenure.

Succession Plan

Setco Automotive stated that it is currently in the process of identifying and hiring a suitable candidate to fill the vacancy. The company intends to inform the stock exchanges once the position is filled and a new officer assumes the responsibilities of Company Secretary, Compliance Officer, and Nodal Officer.

Setco Automotive has fixed June 2, 2026 as the record date to determine shareholder eligibility for an interim dividend of ₹13 per equity share for the financial year 2026-27. The dividend, amounting to 650% of the face value of ₹2 per share, was declared by the Board of Directors during its meeting held on May 26, 2026. This payout will be distributed to equity shareholders whose names appear in the Register of Members or as beneficial owners on the record date.

The company stated that the dividend would be disbursed within the statutory timelines prescribed under applicable laws. The Board meeting, which commenced at 10:30 pm and concluded at 11:33 pm, was convened to discuss and approve the interim dividend among other matters.

Dividend Details

The following table outlines the key details of the dividend declaration:

The declaration was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Hiren Vala, Company Secretary of Setco Automotive Limited, signed the regulatory filing confirming the Board's decision.