SEBI order against Setco Automotive over fund diversion to promoter entities

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SETCO · price

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Price reactionminutes from the announcement price · days from the prior close

-5.6%Reaction day

₹16.50

prior close

₹15.57

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.8%-4.8% vs market

On the reaction day the stock moved 4.8 pts less than Nifty Microcap 250, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Sessions after the filingfrom the prior close

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Reaction day

-5.6-0.8-4.8

Next day

-10.3+1.8-12.1

-13.7+2.8-16.5

-14.4+2.3-16.6

-10.0+1.8-11.8

-12.1+0.3-12.4

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+2.5-2.5+5.1

+10.1-6.3+16.5

+37.2-8.0+45.2

+66.3+8.3+58.0

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AI summary

SEBI passed an order on Feb 5, 2026 against Setco Automotive and 9 noticees including promoters, directors, and CFO. The order follows a probe into alleged diversion of Rs 124.45 crore to promoter entities through fake marketing commissions, and Rs 81.96 crore misappropriated through investments in promoter firms later impaired. Covers FY 2019-20 to 2021-22. Order cites fraudulent trade practices and invokes market ban and penalty provisions under SEBI Act.

Likely market impact

Negative - potential market ban and monetary penalty for company and key officials. Final order outcome not fully visible in filing.