Setco Automotive Limited has informed the Exchange about General Updates
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Setco Automotive has issued a corrigendum correcting an earlier announcement dated March 20, 2026 about a waiver of accrued Investor IRR by its material subsidiary, Setco Auto Systems Private Limited (SASPL). The previously disclosed waiver amount of ₹75.50 crore was inaccurate; the correct figure for FY 2025–26 is ₹66.46 crore, representing a downward revision of about ₹9.04 crore. The company clarified this was an inadvertent error and that all other details of the original intimation remain unchanged. Additionally, Setco Automotive confirmed it has received in-principle approval from BSE Limited on March 30, 2026 in relation to this matter. The corrigendum was signed by Chairman and Managing Director Harish Sheth.
The corrected waiver amount is lower than originally announced, which marginally reduces the reported financial benefit from the IRR waiver for FY 2025–26. Investors should note the revised ₹66.46 crore figure going forward, though the overall nature of the transaction (an investor IRR waiver by the subsidiary) remains the same.