Setco Automotive Subsidiary Secures Extension for NCD Maturity Date
Setco Automotive Limited announced that its subsidiary, Setco Auto Systems Private Limited (SASPL), has received approval to extend the maturity date of its Non-Convertible Debentures (NCDs). The extension was approved through a circular resolution dated March 17, 2026, by the Board of Directors of SASPL, with the consent of the Debenture Holders and the Debenture Trustee.The maturity/redemption dates of the NCDs have been extended from March 31, 2026, to May 31, 2026. This adjustment is subject to receiving necessary in-principle approval(s) from the Stock Exchange(s).
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