Setco Automotive Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on September 25, 2025
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Setco Automotive held its 42nd AGM on September 25, 2025 at its registered office in Kalol, Gujarat, which ran from 2:30 p.m. to 3:00 p.m. The company submitted the Scrutinizer's Report and voting results, covering 30,308 shareholders on the record date with about 59.6% of outstanding shares participating in the vote. All 7 resolutions were passed with overwhelming support (over 99.9% in favour). These included: (1) adoption of audited standalone and consolidated FY25 financial statements, (2) re-appointment of Mr. Udit Sheth as director retiring by rotation, (3) re-appointment of M/s. Sharp & Tannan Associates as statutory auditors, (4) appointment of M/s. Shravan A. Gupta & Associates as Secretarial Auditor for 5 years, and (5-7) appointment of three new Independent Directors — Mr. Vijay Kalra, Dr. Suresh Shanbhogue, and Mr. Alok Shyamkrishna Parashar.
All AGM resolutions passed with near-unanimous shareholder support, indicating strong alignment between promoters (holding ~59.3% of shares) and public shareholders on routine business and board changes. The addition of three new independent directors strengthens the board's governance structure, with no negative signals or dissent worth highlighting.