Meeting Details

  • Date: Wednesday, 30th September, 2026
  • Time: 2:30 p.m. to 3:00 p.m.
  • Location: Registered office of the Company at Alindra Village, Vadodara Godhra Highway, Kalol, Panchmahal, Gujarat, India – 389330
  • Type: Annual General Meeting (AGM)

Proposed Resolutions and Implications

Five resolutions were considered and approved:

1. Ordinary Resolution: To receive, consider and adopt (a) the audited standalone annual financial statements for FY ended March 31, 2026 with Board and Auditor reports, and (b) the audited consolidated financial statements for FY ended March 31, 2026 with Auditor report

2. Ordinary Resolution: To appoint Mrs. Urja Shah (DIN: 02675341) as director who retires by rotation

3. Special Resolution: Re-appointment and remuneration of Mr. Harish Kiritbhai Sheth (DIN: 01434459) as Chairman and Managing Director

4. Special Resolution: Re-appointment and remuneration of Mr. Udit Harish Sheth (DIN: 00187221) as Vice Chairman and Executive Director

5. Special Resolution: Re-appointment and remuneration of Mrs. Urja Harshal Shah (DIN: 02675341) as Executive Director

Voting Process and Methods

  • Remote e-voting: Available through CDSL e-Voting System from Sunday, September 27, 2026 at 9:00 am to Tuesday, September 29, 2026 at 5:00 pm
  • Physical voting: Ballot paper voting at the AGM venue
  • Cut-off date: Wednesday, September 23, 2026 for determining shareholder eligibility
  • Total shareholders on record date: 30,360

Key Voting Outcomes

Resolution 1 (Ordinary - Financial Statements)

  • Total votes cast: 77,570,820 (57.9894% of outstanding shares)
  • In favor: 77,570,782 votes (100.0000% of votes polled)
  • Against: 38 votes (0.0000% of votes polled)
  • Promoter participation: 77,056,763 votes (97.2233% of promoter holdings)
  • Public non-institutions participation: 514,057 votes (0.9431% of public non-institution holdings)

Resolution 2 (Ordinary - Director Re-appointment)

  • Total votes cast: 77,570,820 (57.9894% of outstanding shares)
  • In favor: 77,570,130 votes (99.9991% of votes polled)
  • Against: 690 votes (0.0009% of votes polled)

Resolution 3 (Special - Chairman & MD Re-appointment)

  • Total votes cast: 77,570,820 (57.9894% of outstanding shares)
  • In favor: 77,570,130 votes (99.9991% of votes polled)
  • Against: 690 votes (0.0009% of votes polled)

Resolution 4 (Special - Vice Chairman Re-appointment)

  • Total votes cast: 77,570,820 (57.9894% of outstanding shares)
  • In favor: 77,570,130 votes (99.9991% of votes polled)
  • Against: 690 votes (0.0009% of votes polled)

Resolution 5 (Special - Executive Director Re-appointment)

  • Total votes cast: 77,570,820 (57.9894% of outstanding shares)
  • In favor: 77,569,915 votes (99.9988% of votes polled)
  • Against: 905 votes (0.0012% of votes polled)

Participation Breakdown by Category

  • Promoters present at meeting: 5 shareholders
  • Public present at meeting: 32 shareholders
  • Total shareholders physically present: 37
  • No shareholders attended through video conferencing

Scrutinizer's Role and Findings

  • Scrutinizer: Shravan A. Gupta, Practicing Company Secretary of M/s. Shravan A. Gupta & Associates
  • Appointment: By Board of Directors for scrutinizing e-voting process and ascertaining requisite majority
  • Process: Electronic voting system locked by CDSL after voting period ended, votes unblocked and counted after AGM conclusion
  • Custody: Electronic data and relevant records under scrutinizer's safe custody until handed to Company Secretary after minutes approval
  • Conclusion: All five resolutions passed with requisite majority as per Companies Act requirements

Compliance Confirmation

  • Compliance with Sections 108 and 109 of the Companies Act, 2013
  • Compliance with Rule 20 and 21 of the Companies (Management and Administration) Rules, 2014
  • Compliance with Regulation 44 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015
  • Quorum requirements under Section 103 of the Companies Act satisfied with 37 shareholders present

Additional Information

  • Results available on company website (www.setcoauto.com) and CDSL website (https://www.evotingindia.com)
  • Scrutinizer report dated October 2, 2026 confirms proper voting process and results accuracy
  • All director re-appointments received near-unanimous support from voting shareholders