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 Auto's board approved its 43rd Annual General Meeting (AGM) for September 30. Share transfer books will be closed from September 24 to September 30 for 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 Auto's board approved Q4 consolidated profit of ₹136.42 Cr & full-year loss of ₹4.28 Cr. An interim dividend of ₹13/share was declared. It divested ~41% of Setco Auto Systems for ~₹215 Cr and plans further divestment while merging subsidiary LCPL.
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.