Setco Automotive Limited has informed the Exchange regarding Resignation of Mr Hiren Vala as Company Secretary & Compliance Officer of the company w.e.f. May 27, 2026.
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Mr. Hiren Vala has resigned from his position as Company Secretary, Compliance Officer (Key Managerial Personnel), and Nodal Officer of Setco Automotive Limited, effective May 27, 2026. The resignation is stated to be due to professional reasons. The company has confirmed that he will be relieved from responsibilities with immediate effect. Setco Automotive is now seeking a suitable replacement for the vacant position and will inform the stock exchanges once the appointment is made. This leaves the company without a designated Company Secretary and Compliance Officer temporarily.
The resignation of a Key Managerial Personnel creates a temporary governance gap at Setco Automotive. Until a replacement is appointed, the company may face operational challenges in meeting regulatory compliance and filing requirements, which could attract scrutiny from regulators.