Setco Automotive EGM held; resolutions on name change, subsidiary stake sale, MOA changes

Board & Shareholder Meetings View source PDF

SETCO · price

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Price reaction · full curve 14 horizons · vs prior close

+6.1%1-day move

₹24.50

prior close

₹24.04

base price

After-mkt

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5m10m15m30m1D2D3D4D5D7D15D1M2M3M

+0.5+1.5+1.7+0.7+6.1+10.2+13.0+13.9+15.8+9.8-0.1+12.3-32.7-26.5

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AI summary

Setco Automotive held its EGM on April 25, 2026 (2:00-2:45 PM) in Gujarat. Four special resolutions tabled: (1) approval of a transaction and its documents, (2) sale of equity in material subsidiary Setco Auto Systems Pvt Ltd, (3) alteration of MOA Object Clause, (4) change of company name with MOA/AOA changes. Remote e-voting ran Apr 22-24; poll at meeting. Voting results to follow within 48 hours.

Likely market impact

Await voting results on subsidiary stake sale and proposed name change; these could materially affect the company's structure and identity.