Setco Automotive Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 25, 2025
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Setco Automotive Limited held its 42nd Annual General Meeting on September 25, 2025, from 2:30 PM to 3:00 PM at its registered office in Kalol, Panchmahal, Gujarat. The meeting was chaired by Mr. Harish Sheth, Chairman and Managing Director. Shareholders transacted 7 items of business, including adoption of audited standalone and consolidated financial statements for FY25, re-appointment of Mr. Udit Sheth as director (retiring by rotation), and re-appointment of M/s. Sharp & Tannan Associates as statutory auditors. Three new independent directors — Mr. Vijay Kalra, Dr. Suresh Shanbhogue, and Mr. Alok Shyamkrishna Parashar — were proposed for appointment, along with M/s. Shravan A. Gupta & Associates as secretarial auditor for a 5-year term. Voting was conducted through remote e-voting on the CDSL platform (September 22–24, 2025) and physical ballots at the meeting, with results to be submitted to stock exchanges within 48 hours.
This is a routine procedural disclosure with no immediate material impact on the stock. Investors should watch for the separate voting results filing to confirm shareholder approval levels, particularly for the appointment of three new independent directors and the new secretarial auditor.