Setco Automotive (SETCO) — Board Meeting

📢 Key Event
Board approved FY2026 audited results, interim dividend, director reappointments, merger scheme, and SASPL divestment.

🔄 What Changed
₹8374 crore revenue, ₹8507 crore comprehensive income, ₹13 interim dividend, and 41% SASPL stake sale to RSB Transmissions.

🔮 What's Next
Residual 24% SASPL stake sale to RSB Transmissions to close by August 31, 2027, pending NCLT, shareholder, and creditor approvals.

💡 Investor Takeaway
The company completed a major divestment and leadership continuity while maintaining dividend payouts amid regulatory scrutiny.

Setco Automotive's board approved audited FY2026 financial results showing ₹8374 crore revenue and [amount context mismatch] crore comprehensive income, with ₹13 interim dividend per share declared on June 2 record date and paid June 11. Key appointments include Aditi Pai as Company Secretary and reappointments of Harish Sheth, Udit Sheth, and Urja Shah for 2027-2029 terms. The board also cleared a merger scheme and phased divestment of SASPL to RSB Transmissions, receiving ₹215 crore for the first tranche of 41% stake.

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About Setco Automotive Ltd (SETCO)

Automobile and Auto Components · Auto Ancillaries · Listed on BSE

Market Cap: ₹244.26 Cr P/E: 33.8 ROE: 0.6% ROCE: 16.4%

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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