Shareholders meeting

To, September 8, 2026 BSE Limited, National Stock Exchange of India Ltd, Dept. of Corporate Services, Listing Department Phiroze Jeejeebhoy Towers, Exchange Plaza, Bandra Kurla Complex, Dalal Street, Bandra (East), Mumbai – 400051 Mumbai – 400 001 Scrip Symbol: SETCO Company Code: 505075 Sub: Notice of the 43rd Annual General Meeting along with Annual Report of Setco Automotive Limited (“the Company”) for the Financial Year 2025-26. Dear Sir, This is to inform that the 43rd Annual General Meeting (“AGM”) of the Company will be held on Wednesday, September 30, 2026 at 2:30 p.m IST at the Registered Office of the Company at Alindra Village, Vadodara Godhra Highway, Kalol, Panchmahal, Gujarat, India – 389330 in accordance with the applicable circulars issued by the Ministry of Corporate Affairs and the Securities and Exchange Board of India. Pursuant to Regulation 34(1) of the Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”), we are submitting herewith the Notice of the 43rd Annual General Meeting along with the Annual Report for the financial year 2025-26. The Annual Report containing the Notice is also uploaded on the Company’s website and can be accessed at www.setcoauto.com. We would further like to inform that the Company has fixed Wednesday, September 23, 2026 as the cut-off date for ascertaining the names of the members holding shares either in physical form or in dematerialised form, who will be entitled to cast their votes electronically in respect of the businesses to be transacted as per the Notice of the AGM. You are requested to take the same on your records. Thanking you, Yours faithfully, For Setco Automotive Limited Aditi Pai Company Secretary Corporate office: 54A, Tardeo, Near Film Center Building, Tardeo Road, Mumbai – 400034, Phone: +91 22 40755555 Fax: +91 22 23520754 Registered Office: Alindra Village, Vadodara Godhra Highway, Kalol, Panchmahal, Gujarat, India – 389330, Phone: +91(0) 2676- 227101 Fax: +91(0) 2676-235524 CIN: L32909GJ1982PLC005203, Web: www.setcoauto.com, Email: contact@setcoauto.com 43rd Annual Report 2025 - 26 Driven by Passion, Process & Performance GLOBAL QUALITY CERTIFICATIONS - IATF 16949, ISO 14001, 45001 & OHSAS 18001 DRIVEN BY INNOVATION | DESIGN | TECHNOLOGY FORWARD-LOOKING STATEMENT The report contains forward-looking statements that involve risks and uncertainties. When used in this discussion. the words like ‘plans’, ‘expects’, ‘anticipates’, ‘believes’, ‘intends’, ‘estimates’, or other similar expressions as they relate to the company or its business are intended to identify such forward-looking statements, which are based on certain assumptions and expectations of future events. The company’s actual results, performance or achievements could differ materially from those expressed or implied in such forward-looking statements. To be a market-leading brand in our chosen sphere of work with quality products and services, cost-effective manufacturing, state-of-the-art technology and environment-friendly practices, creating value for our stakeholders. To be the preferred clutch of choice in 1 out of 3 commercial vehicles and 1 out of 5 farm tractors globally. Safety First | Integrity | Excellence | Environment Care | Customer Focus | Team Work | Joy We were one of the first in MHCV space to receive BS VI approval and started supplies last year and successfully developed a full range of next-gen clutches for farm equipment tractors. NOISIV NOISSIM SEULAV STNETNOC CORPORATE Corporate Information 02 Key Milestones 04 Board of Directors 05 Chairman’s Message 07 STATUTORY Notice 11 Management Discussion & Analysis 38 Directors’ Report 44 Corporate Governance Report 63 Standalone Financial Statements 87 Consolidated Financial Statements 137 Corporate Information BOARD OF DIRECTORS STAKEHOLDERS GRIEVANCES & COMPANY COMMUNICATION Mr. Harish Sheth RELATIONSHIP COMMITTEE Registered Office: Chairman & Managing Director Dr. Suresh Shanbhogue Alindra (Village) Vadodara - Godhra Highway, Kaloi (Panchmahals)- 389330, Chairman Mr. Udit Sheth Gujarat, India Vice Chairman and Whole-time director Mr. Harish Sheth Mrs. Urja Shah Member Corporate Office Whole-time director Mrs. Urja Shah 54A, Tardeo Road, Mr. Vijay Kalra Near Film Center Building, Independent Director Member Mumbai -400034, Maharashtra - India Dr. Suresh Shanbhogue CORPORATE SOCIAL Independent Director RESPONSIBILITY (CSR) SUBSIDIARIES Mr. Alok Parashar COMMITTEE Independent Director Lava Cast Private Limited Mrs. Urja Shah Alindra (Village) Vadodara - Godhra Chairperson Highway, Kaloi (Panchmahals)- 389330, KEY MANAGERIAL PERSONNEL Gujarat, India Mr. Udit Sheth Mr. Anurag Jain Member ChiefFinancialOfficer Setco Automotive (UK) Limited Appointed w.e.f. 27th May, 2025 Mr. Vijay Kalra York Avenue, Haslingden, Lancashire, Member United Kingdom 8844HU Mr. Hiren Vala Company Secretary Dr. Suresh Shanbhogue Setco Automotive (NA) Inc. Resigned w.e.f 27th May, 2026 Member 565 Hwy, 77, Paris, Tennessee 38242 Mrs. Aditi Pai Company Secretary REGISTRAR & SHARE Setco MEA DMCC Appointed w.e.f 13th July, 2026 Unit No. 3558, DMCC Business Centre, TRANSFER AGENTS Level No. 1, Jewellery & Gemplex 3, AUDIT COMMITTEE MUFG lntime India Private Limited United Arab Emirates Mr. Vijay Kalra C-1, 247 Park, L. B. S. Marg, Vikhroli (West), WEW Holding Limited Chairman Mumbai - 400 083, Maharashtra, India Apex House, Bank Street.Twenty Eight Cybercity, Ebene 72201, Repubilc of Dr. Suresh Shanbhogue Mauritius Member Mr. Udit Sheth Member Mr. Alok Parashar Member SECRETARIAL AUDITORS Shravan A Gupta & Associates NOMINATION & REMUNERATION Practicing Company Secretary, COMMITTEE Mumbai, Maharashtra - India Mr. Vijay Kalra Chairman STATUTORY AUDITORS Sharp & Tannan Associates Dr. Suresh Shanbhogue Chartered Accounts, Mumbai, Member Maharashtra - India Mr. Alok Parashar Member Investor Grievance: email:- investor.relations@setcoauto.com OTHER INFORMATION: a. CorporateIdentificationNumber (CIN): L32909GJ1982PLC005203 b. Listing Information: Listed with: BSE Limited (BSE) & National Stock Exchange of India Limited (NSE) BSE Scrip Code: 505075 NSE Scrip Symbol: SETCO c. Website: www.setcoauto.com d. 43rd Annual General Meeting information: Date: September 30, 2026 Day: Wednesday Time: 02.30 p.m. Place: Alindra Village, Vadodara Godhra Highway, Kalol, Panchmahal -389330, Gujarat, India For details please refer to the Notice of this AGM. Product Brands Key Milestones 1982 Incorporation 1 9 9 9 - 2 0 0 0 2 0 0 5 - 2 0 0 6 2 0 0 9 - 2 0 1 1 2 0 1 3 - 2 0 1 4 Technical collaboration with PE investment by new vernon Forayed into new global Launch of clutches to cater Lipe UK division of Dana set up Setco UK – acquired markets – Central Asia, Mena aftermarket segment Corp. (Usa) during Lipe (UK) from Dana Corp. region, Africa, Latin America India’s BS migration (USA) set up Setco NA & South Asia started vertical -Acquired US facility from integration set up R&D set up Haldex AB Sweden SOA press shop 2 0 1 4 - 2 0 1 5 2 0 1 6 - 2 0 1 7 2 0 1 7 - 2 0 1 8 2 0 1 8 - 2 0 1 9 Launch of clutches for farm Launch of clutches for farm BS-VI approvals from all OEM Settingupofdiaphragm equipment (tractor) segment equipment (tractor) segment partners on target spring manufacturing facility and American market and American market launched foundry (Lava Cast Pvt. Ltd.) Under JV arrangement 2 0 1 9 - 2 0 2 2 2 0 2 3 - 2 0 2 4 2 0 2 4 - 2 0 2 5 2 0 2 5 - 2 0 2 6 Launched new range of Successfully launched new Executed documents for sale Foray into farm tractor Setco allied products such as products including Clutch of Setco Auto Systems Private segment and BS VI Release Bearings, Central Flywheels, Bearings, Brakes, Limited clutchesAccomplishment of Support Bearings Tractor fundraising activity Lubricants & Oil and many clutches supplies started moreIncreaseinofferings in Q4FY25 Launched in farm equipment for Autom [Showing first 8,000 characters — download PDF for full document]