Latest news about Setco Automotive
Setco Automotive
15.93
-12.69(-44.34%)
Company Performance:
View Company Insights1D-44.34%
1M-41.86%
6M+0.57%
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More news about Setco Automotive
10May 26
SAT Grants Interim Stay on SEBI Order Against Setco Automotive Promoters
The Securities Appellate Tribunal, Mumbai granted an interim stay on May 08, 2026 on a SEBI order against Setco Automotive promoters in Appeal No. 120 of 2026, which had directed payment of approximately ₹208.77 Crore and imposed market debarment. SEBI had alleged diversion of IRF's ₹615 Crore funding through ₹107.76 Crore marketing commission and ₹101 Crore preferential share investment to promoter-owned SEPL, while appellants maintained all transactions were shareholder-approved with over 99% minority shareholder consent. SAT stayed the order subject to full penalty deposit within four weeks, filing of an undertaking restricting asset dealings, and submission of immovable asset list to SEBI.
26Apr 26
Setco Automotive Limited Passes All Four Resolutions at Extra-Ordinary General Meeting
Setco Automotive Limited successfully concluded its Extra-Ordinary General Meeting on April 25, 2026, with all four resolutions passed by overwhelming majority. The meeting covered transaction approvals, subsidiary share disposal, memorandum alterations, and company name change, with participation from 42 shareholders representing 133767275 total shares.
16Apr 26
Setco Automotive Receives GPCB Revocation Order for Subsidiary SASPL Manufacturing Unit
Setco Automotive Limited received regulatory relief as Gujarat Pollution Control Board revoked closure direction for subsidiary SASPL manufacturing unit on April 16, 2026, allowing three-month resumption of operations. The revocation followed compliance review with conditions including adherence to Consolidated Consent Authorisation requirements and subsidiary's undertaking. Company confirmed implementation of corrective actions and commitment to environmental compliance.
06Apr 26
Setco Automotive Promoters Submit SEBI Compliance Disclosures for FY26
Setco Automotive promoters filed mandatory SEBI compliance disclosures for FY26, confirming no new share encumbrances during the financial year ended 31st March 2026. Setco Engineering Pvt. Ltd. leads with 47.89% shareholding, while individual promoters hold stakes ranging from 0.05% to 3.20%. All declarations were submitted on April 6, 2026, ensuring regulatory compliance.
03Apr 26
Setco Automotive Limited Schedules EGM for April 25, 2026 to Approve Major Divestment and Corporate Restructuring
Setco Automotive Limited has scheduled an EGM for April 25, 2026, to approve the complete divestment of its material subsidiary SASPL to RSB Transmissions for INR 185 crores initial consideration, with potential additional payments up to INR 326 crores. The company will also receive INR 70 crores for a non-compete agreement and has secured a INR 33 crores supply arrangement. Additionally, shareholders will vote on changing the company name to "Shilayan Industries Limited" and revising business objectives to focus on metals, castings, and electronic clutch systems, marking a strategic transformation from automotive components to industrial materials.
01Apr 26
Setco Automotive Material Subsidiary Approves ₹125.10 Crore IRR Waiver
Setco Automotive Limited announced that its material subsidiary SASPL has approved comprehensive waivers including ₹67.0 lakh Additional Redemption Premium and ₹125.10 crore Investor IRR across FY 2024-25 and FY 2025-26, with debenture holder consent and regulatory compliance maintained.
24Mar 26
Setco Automotive Board Approves Merger Scheme with Wholly-Owned Subsidiary LCPL
Setco Automotive Limited's board has approved a comprehensive scheme of amalgamation with its wholly-owned subsidiary Lava Cast Private Limited, just three days after completing the acquisition of remaining stakes. The merger by absorption, subject to NCLT and regulatory approvals, will integrate LCPL's ₹8,737.90 lakhs turnover operations into the parent company without issuing new shares or changing shareholding patterns, aiming to simplify corporate structure and achieve operational efficiencies.
20Mar 26
Setco Automotive Subsidiary Receives Consent for ₹75.50 Crore IRR Waiver on NCDs
Setco Automotive Limited announced that its material subsidiary Setco Auto Systems Private Limited has received consent for waiver of accrued Investor IRR worth ₹75.50 crore at 18% per annum for FY 2025-26 on its listed Non-Convertible Debentures. The waiver was approved by SASPL's board and received requisite consent from debenture holders and trustee Vistra ITCL (India) Limited under trust deeds dated August 2021 and July 2024.
12Mar 26
Setco Automotive: Gujarat Pollution Control Board Orders Closure Of Co Kalol Plant Over Alleged Water Act Violations; Co Evaluating Legal Remedies
Setco Automotive faces regulatory action as Gujarat Pollution Control Board orders closure of its subsidiary Setco Auto Systems' Kalol manufacturing unit over alleged water pollution violations. The company is evaluating legal remedies while maintaining compliance standards across operations.
09Mar 26
Setco Automotive Receives BSE Approval for Subsidiary's Debenture Maturity Extension
Setco Automotive Limited announced that its subsidiary Setco Auto Systems Private Limited received BSE's in-principle approval on March 09, 2026, for modifying the maturity date of its non-convertible debentures from January 31, 2026 to March 31, 2026. The approval covers senior, listed, rated, secured, non-cumulative, taxable, transferable, redeemable, non-convertible debentures and is subject to compliance with SEBI (LODR) Regulations, 2015, Companies Act, 2013, and other applicable laws.
07Jan 26
Setco Automotive Subsidiary Receives BSE Approval for Non-Convertible Debenture Modification
Setco Automotive Limited's subsidiary Setco Auto Systems Private Limited has received BSE in-principle approval for modifying terms of its non-convertible debentures, specifically extending the maturity date from December 01, 2025 to January 31, 2026. The approval was granted on January 07, 2026, subject to compliance with SEBI regulations, Companies Act provisions, and other applicable laws. The company disclosed this development to stock exchanges under Regulation 30 of SEBI listing requirements.
07Jan 26
Setco Automotive Receives Warning Letters from BSE and NSE for Regulatory Non-Compliance
Setco Automotive Limited has received warning letters from BSE Limited and National Stock Exchange of India Limited for non-compliance with SEBI (LODR) Regulations, 2015. The regulatory action relates to the company's failure to hold a Nomination and Remuneration Committee meeting during Financial Year 2024-25, violating Regulation 19(3A) which requires at least one such meeting annually. The company has acknowledged the violations and initiated immediate corrective measures to strengthen its compliance framework and prevent future regulatory lapses.
14Nov 25
Setco Automotive Reports Mixed Q2 Results: Standalone Profit Amidst Consolidated Losses
Setco Automotive Ltd reported mixed financial results for Q2 FY2026. Standalone operations showed a profit of Rs 19.00 lakhs, down from Rs 99.00 lakhs in Q1. However, consolidated results revealed a significant loss of Rs 4,127.00 lakhs, primarily due to underperforming subsidiaries. The company's consolidated revenue from operations was Rs 17,901.00 lakhs. Setco has extended the maturity of its non-convertible debentures worth Rs 57,450.00 lakhs to December 1, 2025, to manage financial obligations.
13Aug 25
Setco Automotive Reports 7.8% Revenue Growth in Q1, Expands Product Portfolio
Setco Automotive announced Q1 financial results with revenue up 7.8% to Rs. 178.80 crore and EBITDA increasing 11.9% to Rs. 21.60 crore. The company expanded its product portfolio, launching an Automotive Water Pump for LCVs and MHCVs, entering the suspension solutions market for MHCVs, and successfully entering the tractor segment. Management expressed confidence in future growth prospects based on the expanding product range and increased engagement with OEMs and aftermarket customers.
23Jun 25
Setco Automotive Expands Product Line with New Suspension Components
Setco Automotive has launched new suspension products, including a load cushion and a torque rod bush. These components are designed to enhance vehicle suspension systems, potentially improving ride comfort, handling, and stability. This product expansion aims to strengthen Setco's market presence in the automotive components sector and cater to evolving industry demands for improved vehicle performance.
05Jun 25
Setco Automotive Expands Product Line with New Water Pump
Setco Automotive has introduced a new automotive water pump, expanding its product lineup in the engine cooling system segment. While specific details about the product's features and compatibility are not yet disclosed, this launch demonstrates the company's commitment to diversification and technological advancement in the automotive parts industry. The new water pump could potentially strengthen Setco's market position and open up new opportunities in the automotive components sector.
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