SETCO · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Setco Automotive received its Annual Secretarial Compliance Report for FY 2025-26 from Practicing Company Secretary Shravan A. Gupta. While the company largely complied with SEBI regulations, several governance lapses were identified. The company failed to appoint a Woman Director and did not properly constitute its Nomination & Remuneration Committee, Audit Committee, and Stakeholder Relationship Committee — resulting in cumulative fines of approximately Rs 11.2 lakh plus GST from BSE and NSE. More significantly, SEBI issued an order on February 5, 2026 believing the company's financial statements were prepared in a manner detrimental to investors; the matter is pending before the Securities Appellate Tribunal (SAT) with an appeal filed by CMD Harish Sheth and others. All fines have been paid and management has sought waivers where applicable.
The pending SEBI investigation and prior governance non-compliances present material regulatory risk. Investors should monitor the SAT appeal outcome and watch for any further regulatory actions or stock exchange penalties. The stock may face negative sentiment due to governance concerns.