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Setco Automotive Limited ( (IN:SETCO) ) has issued an announcement.
Setco Automotive Limited held an extraordinary general meeting on April 25, 2026, at its registered office in Gujarat, with 42 shareholders physically present and no video conferencing facility used. The meeting was convened to transact businesses specified in a March 28, 2026 notice, and the voting results and scrutinizer’s consolidated report have been filed with both Indian stock exchanges and posted on the company’s and CDSL’s websites.
Shareholders approved an ordinary resolution authorizing a transaction and the finalization and execution of related transaction documents, with about 8.3% of outstanding shares voting and over 99.99% of polled votes cast in favor. The promoter group, which had an interest in the agenda, did not record any votes in the disclosed tables, while non-institutional public shareholders provided the decisive support, underscoring strong minority backing for the transaction and its expected impact on corporate actions.
More about Setco Automotive Limited
Setco Automotive Limited operates in the automotive components sector, with a focus on supplying products to commercial vehicle and related markets. The company is listed on BSE and NSE, indicating a broad shareholder base and regulatory oversight typical for Indian mid-cap auto component manufacturers.
Average Trading Volume: 20,714
Technical Sentiment Signal: Buy
Current Market Cap: 3.2B INR
Find detailed analytics on SETCO stock on TipRanks’ Stock Analysis page.