Setco Automotive Limited has informed the stock exchanges about receiving BSE's in-principle approval for modification in the terms of non-convertible debentures issued by its subsidiary company. The approval was communicated to both BSE Limited and National Stock Exchange of India Limited on March 09, 2026, in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

BSE Approval Details

BSE Limited granted in-principle approval to Setco Auto Systems Private Limited, a subsidiary of Setco Automotive Limited, for modification in the terms of its debentures. The debentures are characterized as senior, listed, rated, secured, non-cumulative, taxable, transferable, redeemable, and non-convertible in nature.

Maturity Date Extension

The primary modification approved by BSE relates to the extension of the maturity date for the non-convertible debentures. This extension provides the subsidiary with additional time to manage its debt obligations.

Compliance Requirements

The in-principle approval from BSE Limited comes with specific compliance conditions that must be fulfilled by Setco Auto Systems Private Limited. The company must ensure adherence to multiple regulatory frameworks governing listed debentures.

Key compliance requirements include:

• Compliance with applicable provisions of SEBI (LODR) Regulations, 2015
• Adherence to the Companies Act, 2013
• Compliance with other applicable laws and regulations
• Meeting conditions stipulated by BSE Limited

Corporate Communication

The intimation was signed by Hiren Vala, Company Secretary & Compliance Officer of Setco Automotive Limited, and submitted to both stock exchanges for information and record purposes. The communication emphasizes the company's commitment to maintaining transparency with stakeholders regarding significant developments in its subsidiary operations.

Setco Automotive Limited has announced that its subsidiary company has received regulatory approval for modifying terms of its debt securities. The development was communicated to stock exchanges on January 07, 2026, in compliance with disclosure requirements.

BSE Grants In-Principle Approval

BSE Limited has granted in-principle approval to Setco Auto Systems Private Limited, a subsidiary of Setco Automotive Limited, for modification in terms of its non-convertible debentures. The approval was communicated through BSE's letter dated January 07, 2026.

The debentures in question are senior, listed, rated, secured, non-cumulative, taxable, transferable, redeemable, non-convertible debentures issued by the subsidiary company.

Maturity Date Extension Details

The primary modification approved by BSE relates to extending the maturity date of the non-convertible debentures. The exchange has approved a two-month extension to provide additional time for redemption.

Regulatory Compliance Requirements

The BSE approval comes with specific compliance conditions that the subsidiary must fulfill. These conditions ensure adherence to regulatory frameworks governing debt securities and corporate governance.

Key compliance requirements include:

• Adherence to SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
• Compliance with provisions of the Companies Act, 2013
• Fulfillment of other applicable legal requirements

Corporate Disclosure

Setco Automotive Limited submitted this intimation under Regulation 30 of SEBI (LODR) Regulations, 2015, which mandates disclosure of material events and information. The company filed the disclosure through its Company Secretary and Compliance Officer, Hiren Vala, who digitally signed the communication on January 07, 2026.

The modification allows the subsidiary additional time to manage the redemption of its debt securities while maintaining compliance with exchange listing requirements and regulatory obligations.