Setco Automotive Limited has resubmitted the proceedings of its 43rd Annual General Meeting (AGM) originally held on September 30, 2026. The resubmission is accompanied by an explanation for the delay in the original submission, which was caused by technical and internet connectivity difficulties at the AGM venue in Kalol, Gujarat, coupled with subsequent travel requirements of the concerned team. The original submission was made on October 1, 2026, at 12:39 PM.

The 43rd AGM was held on Wednesday, September 30, 2026, at the company's registered office at Alindra Village, Vadodara Godhra Highway, Kalol, Panchmahal, Gujarat, India – 389330. The meeting commenced at 2:30 PM and concluded at 3:00 PM, chaired by Mr. Harish Sheth, Chairman and Managing Director of the company.

Meeting Proceedings and Business Transacted

The notice convening the AGM dated September 4, 2026, and the Annual Report for the financial year ended March 31, 2026, were taken as read. Mrs. Aditi Pai, Company Secretary, conducted the meeting proceedings.

Ordinary Business:

  • Approval and adoption of Audited Standalone Annual Financial Statements for FY2026 together with Reports of Board of Directors and Auditors
  • Approval and adoption of Audited Consolidated Annual Financial Statements for FY2026 together with Report of Auditors
  • Appointment of Mrs. Urja Shah (DIN: 02675341) as director who retires by rotation and offered herself for re-appointment

Special Business:

  • Re-appointment and remuneration of Mr. Harish Kiritbhai Sheth (DIN: 01434459) as Chairman and Managing Director
  • Re-appointment and remuneration of Mr. Udit Harish Sheth (DIN: 00187221) as Vice Chairman and Executive Director
  • Re-appointment and remuneration of Mrs. Urja Harshal Shah (DIN: 02675341) as Executive Director

Voting Process

The company provided remote e-voting facilities through Central Depository Services (India) Limited (CDSL) platform as required under Section 108 of the Companies Act, 2013, Rule 20 of the Companies (Management and Administration) Rules, 2014, and Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The remote e-voting period commenced on Sunday, September 27, 2026, at 9:00 AM IST and ended on Tuesday, September 29, 2026, at 5:00 PM IST. Members who did not cast votes through remote e-voting were provided opportunity to vote physically during the AGM.

Mrs. Babita Gupta of M/s. Shravan A. Gupta & Associate, Practicing Company Secretaries was appointed as Scrutinizer to scrutinize the remote e-voting and ballot voting process. A poll was taken on all resolutions during the meeting.

The voting results along with the Consolidated Scrutinizer's Report were to be placed on the company website (www.setcoauto.com) and CDSL website, and communicated to stock exchanges within 48 hours of conclusion of AGM.

Document Distribution

The notice of AGM and audited accounts/reports for FY2025-26 were sent through electronic mode to members with registered email addresses. Physical copies were sent to members without registered email addresses. Documents were also available on the company website, BSE, NSE, and CDSL websites.

Statutory registers required under the Companies Act, 2013 were available for inspection by members at the meeting venue.