Setco Automotive Limited — Board Meeting, 14-11-2024: Outcome of Board Meeting

The Board of Directors has approved the resignation of three Independent Directors. The consolidated financial results for the quarter and half-year show total income of ₹32.95 crore, with a profit before tax of ₹(7.23) crore. The company reported a net loss of ₹(7.00) crore for the period. Total assets stand at ₹566.20 crore, while total liabilities are ₹629.89 crore, indicating a negative net worth of ₹(63.37) crore. This highlights ongoing financial challenges, necessitating close monitoring by shareholders.