Setco Automotive Limited has informed the Exchange about Resignation of Director/KMP/SMP
SETCO · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Mr. Hiren Vala tendered his resignation from the position of Company Secretary, Compliance Officer (Key Managerial Personnel), and Nodal Officer of Setco Automotive Limited effective May 27, 2026. The resignation was submitted due to professional reasons. Vala held membership number ACS 42685. The company has acknowledged the departure and indicated it is in the process of identifying and hiring a suitable replacement for the vacant position. Chairman and Managing Director Harish Sheth signed off on the intimation to the stock exchanges.
The departure of a Key Managerial Personnel in a compliance-sensitive role could raise concerns about governance continuity and regulatory compliance, especially until a replacement is appointed.