Outcome of the Board meeting held on October 23, 2026

October 23, 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 Dear Sirs, Sub.: Outcome of Board Meeting in accordance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Pursuant to Regulation 33 read with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”), we wish to inform you that the Board of Directors of the Company in its meeting held today i.e. Friday, October 23, 2026 has, inter alia, approved the following: 1. Unaudited Standalone and Consolidated financial results for the quarter ended June 30, 2026 alongwith the Limited Review Report of the Statutory Auditors thereon; 2. Consider and approve the revised draft Scheme of Amalgamation (merger by absorption) (“Scheme”) of Lava Cast Private Limited (“LCPL”), a wholly-owned subsidiary, with the Company, based on opinion under Sections 230 to 232 and other applicable provisions of the Companies Act, 2013 3. Rationalisation of Overseas Corporate Structure i. Shilayan Automotive UK Limited (SAUL): Buyback of 67.81% shares held by WEW Holdings Mauritius, a wholly owned subsidiary of the Company, for GBP 1, consequent to which SAUL (overseas subsidiary) will become a wholly owned subsidiary of the Company. ii. WEW Holdings Mauritius: Voluntary liquidation and closure of WEW Holdings Mauritius, a wholly owned subsidiary of the Company, following completion of the aforesaid buyback. iii. Setco MEA DMCC, Dubai: Transfer and consolidation of the business and operations of Setco MEA DMCC, a wholly owned subsidiary of the Company, with SAUL. iv. Closure / Alternative Restructuring of Setco MEA DMCC: Voluntary liquidation of Setco MEA DMCC following business migration or, if liquidation is not feasible, an alternative merger or consolidation arrangement with SAUL. The aforesaid proposals are subject to applicable statutory and regulatory approvals and compliance with the laws of the respective jurisdictions. 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 Accordingly, please find enclosed Unaudited Standalone and Consolidated financial results for quarter ended June 30, 2026 alongwith the Limited Review Report of the Statutory Auditors thereon; The Board meeting commenced at 12.00 p.m. and concluded at 6:30 p.m. You are requested to take the same on your record. Thanking you, Yours faithfully, For Setco Automotive Limited Aditi Pai Company Secretary Encl: As above 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 87, Nariman Bhavan SHARP& 227 Nariman Point Mumbai - 411 O21 TANNAN lndia 91 22 615Z 75OOi 2202 2224 I ABST ASSOCIATES LLP www.sharpandtannan.com chartered accountants lndependent Auditor's Limited Review Report on Standalone Unaudited Financial results of SETCO AUTOMOTIVE LIMITED for the quarter ended on June 30,2026, pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, ?:OLS The Board of Directors SETCO AUTOMOTIVE LI MITED (Cl N: 135999GJ1982P1C005203) Baroda Godhra Highway, Kalol (Panchmahal) GUJARAT - 389330 (rNDrA). lntroduction: 1. We have reviewed the accompanying statement of Unaudited Standalone Financial results of SETCO AUTOMOTIVE LIMITED ("the Company") for the quarter ended June 30, 2026, together with notes thereon ("the Statement"), being submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 201.5 as amended ("Listing Regulations"). 2 The Statement, which is the responsibility of the Company's Management and approved by the Company's Board of Directors on October 23,2026 has been prepared in accordance with the recognition and measurement principles laid down in lndian Accounting Standard 34 "lnterim Financial Reporting" ("lnd AS 34"), prescribed under Section 133 of the Companies Act, 2013, as amended ("the Act"), read with relevant rules issued there under and other recognised accounting practices and policies generally accepted in lndia and Regulation 33 of the Listing Regulations in this regard. Our responsibility is to express a conclusion on the Statement based on our revtew. Scope of Review: 3 We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, "Review of lnterim Financial lnformation Performed by the lndependent Auditor of the Entity" issued by the lnstitute of Chartered Accountants of lndia ("lCAl"). This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing specified under section 143(10) of the Companies Act, 2013 and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. icAl Regn. llo. t09903Uy, wt0t3t3 Assurance I Consulting I GRC I Tax AhmedabadlBengalurulChennai lCoimbatorelDelhi lGoalHyderabadlMurnbai lPunelVadodara Formerly Sharp & Tannan Associates (Regn. No BA32O93; FRN 1O9983W), converted into an LLP w.e ,f .24.C/9.2C26 Emphasis of Matter We draw attention to the following matters in the Notes to the Standalone lnd AS financial statements: As mentioned in note no. 5 to 'statement', based on advice received from the Company's tax consultant, Company has not provided for any current tax provisions taking into consideration the merger. (Refer Note 4 for merger details). The company has not charged interest on unsecured loans and NCD to the subsidiaries. (Refer Note No. 8 to the Standalone Financials Statement). Our opinion is not modified in respect of thgse matters Conclusion: Based on our review conducted as stated above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in lnd AS 34 as prescribed undersection 133 of the Act and other recognised accounting practices and policies generally accepted in lndia, has not disclosed the information required to be disclosed in terms of Regulation 33 of the Listing Regulations in this regard, including the manner in which it is to be disclosed, or that it contains any material misstatement. Sharp & Tannan Associates LLP Chartered Accountants Firm's Reg. No.: 109983W / W101313 CA Pramod Bhise Pa rtner Membership No.: (F) 047751. Pune, October 23,2026 UDIN : 26047751KOPOY14656 Page2 of 2 87, Nariman Bhavan SHARP& 227 Nariman Point Mumbai -411OA TANNAN lndia 91 22 6153 75OOi22O22224 I 8AS7 ASSOCIATES LLP www,sharpandtannan.com chartered accflrntants lndependent Auditor's Limited Review report on Consolidated Unaudited Financial results of SETCO AUTOMTIVE LIMITED for the quarter ended on June 30,2026 pursuant to the Regulation 33 of the SEB! (tisting [Showing first 8,000 characters — download PDF for full document]