Setco Receives Qualified Audit Opinion for FY26

Key Financial Figures (FY26 Consolidated)

• Turnover/Total Income: ₹81,674 lakhs
• Total Expenditure: ₹79,221 lakhs
• Net Loss: ₹(428) lakhs
• Earnings Per Share: ₹(0.01)
• Total Assets: ₹53,438 lakhs
• Total Liabilities: ₹1,24,255 lakhs
• Net Worth: ₹(70,817) lakhs

Audit Qualification Details

Type: Qualified Opinion

Basis for Qualification: The qualification originates from the audit report of subsidiary WEW Holding Limited dated August 11, 2026. The basis states: "As stated in note 6 to the financial statements, Setco Automotive (UK) Limited is a subsidiary of the Company. Consolidated financial statements have not been prepared as required by International Financial Reporting Standards (IFRS) 10, Consolidated Financial Statements. In our opinion, consolidated financial statements are necessary for a proper understanding of the Group's state of affairs."

Frequency: The disclosure indicates this qualification appeared for the first time ("Appeared first time").

Management's Assessment

For audit qualifications where impact is not quantified by the auditor, management states:

• Estimation of impact: No Impact
• Reasons for inability to estimate: Not Applicable (N.A.)
• Auditor comments on management's assessment: Not Applicable (N.A.)