BSECompany Update6d ago · 31 Jul 2026, 01:37 pm
Intimation under Reg 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Setco Automotive Ltd · 505075
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Setco Automotive Ltd has intimated under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, regarding the finalization of the closing accounts and determination of the final net debt and working capital position of its material subsidiary, Setco Auto Systems Private Limited. The final purchase consideration payable to the Company for the Sale Securities has been determined at Rs 215 Crores.
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Setco Automotive Ltd - 505075 - Intimation Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 ('Listing Regulations')
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July 31, 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, Mumbai - 400 001 Bandra (East), Mumbai – 400051
Company Code: 505075 Scrip Symbol: SETCO
Dear Sir/ Madam,
Subject: Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015 (“Listing Regulations”)
This is in continuation of the previous intimations made by Setco Automotive Limited (“Company”) on
March 29, 2026, regarding the execution of the Share Purchase and Subscription Agreement (“SPSA”) and
May 28, 2026, announcing the successful closure of the transaction involving divestment of its majority
stake in its material subsidiary, Setco Auto Systems Private Limited (“SASPL”), to RSB Transmissions (I)
Limited (“Purchaser”).
In the intimation dated March 29, 2026, the Company had informed that sale of Sale Securities will be for
an Initial Purchase Consideration of, approximately, Rs. 185 Crores (determined basis the financial position
of SASPL as on December 31, 2025) which was subject to adjustments based on the net debt and working
capital position of SASPL as on the Closing Date and other terms as agreed in the Transaction Documents.
The Company had subsequently informed the Stock Exchanges on May 28, 2026, that the Closing of the
transaction contemplated under SPSA had taken place and that the Sale Securities had been transferred to
the Purchaser.
Pursuant to the finalization of the closing accounts and determination of the final net debt and working
capital position of SASPL as at the Closing Date, the final purchase consideration payable to the Company
for the Sale Securities has been determined at Rs 215 Crores (“Final Purchase Consideration”).
The payment for Final Purchase Consideration is summarized as below:
i) On the Closing Date, the Purchaser has paid an amount of Rs 207.6 Crores to the Company and
retained a Holdback Amount of Rs 10 Crores. The amount paid on the Closing Date was based on
the estimated net debt and working capital position of SASPL as at the Closing Date.
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) 2676-270600 Fax:
+91(0) 2676-235524
CIN: L32909GJ1982PLC005203, Web: www.setcoauto.com, Email: contact@setcoauto.com
ii) Following finalization of the closing accounts and determination of the closing adjustments, the
Purchaser has, on July 29, 2026, released and paid an amount of Rs 7.4 Crores out of the Holdback
Amount to the Company.
iii) The balance amount of Rs 2.6 Crores out of the Holdback Amount has been adjusted against the
downward adjustment to purchase consideration arising from the difference between the estimated
and final net debt and working capital position of SASPL as at the Closing Date
Please note that the Final Purchase Consideration, referred to above, does not include the deferred
consideration separately disclosed in the Company’s intimation dated March 29, 2026, which remains
payable subject to the terms and conditions of the SPSA.
We request you to take the same on record.
Thanking you,
For Setco Automotive Limited
Name: Aditi Pai
Designation: Company Secretary & Compliance Officer
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) 2676-270600 Fax:
+91(0) 2676-235524
CIN: L32909GJ1982PLC005203, Web: www.setcoauto.com, Email: contact@setcoauto.com