Setco Automotive Limited — Others, 31-01-2025: Appointment

Setco Automotive has announced a board meeting to approve the appointment of Mr. Vijay Kalra and Dr. Suresh Shanbhogue as Additional Directors (Non-Executive-Independent), effective November 11, 2024, pending shareholder approval. Mr. Kalra brings over 40 years of experience in the automotive sector with expertise in quality management and operational excellence. Dr. Shanbhogue has a strong academic background and experience in public policy and finance. This strategic move aims to enhance the board's governance and operational expertise. Investor sentiment may view this as a positive outlook due to the directors' extensive backgrounds that could foster growth and resilience.