Net loss of Setco Automotive reported to Rs 11.89 crore in the quarter ended June 2017 as against net profit of Rs 4.17 crore during the previous quarter ended June 2016. Sales declined 39.54% to Rs 68.66 crore in the quarter ended June 2017 as against Rs 113.57 crore during the previous quarter ended June 2016.

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Setco Automotive will hold a meeting of the Board of Directors of the Company on 21 August 2017.

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Setco Automotive announced that Mr. Bhautesh Shah, Company Secretary and Compliance Officer of the company has resigned with effect from close of working hours on August 14, 2017.

Mr. Vinay Shahane, Chief Financial Officer of the Company shall also act as the Compliance Officer of the Company.

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Setco Automotive announced that the Board of Directors of the Company at its meeting held on 30 May 2017, inter alia, have recommended the final dividend of Rs 0.65 per equity Share (i.e. 32.5%) , subject to the approval of the shareholders.

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