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Setco Automotive Ltd logo

Setco Automotive Ltd

NSE: SETCO BSE: 505075

₹18.01

(0.06%)

Sun, 15 Mar 2026, 01:15 pm

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Company History

1983

  • The company was incorporated and engaged in the manufacture of clutches

1985

  • The Sick Industrial Companies (Special Provisions) Act came into effect

1990

  • The Board for Industrial & Financial Reconstruction declared the company as a Sick Industrial Company

1991

  • Operations were hampered by labour unrest for six months including a strike closure

1992

  • The company developed clutch components for export against firm orders

1995

  • Shri K.B. Sheth and Suresh M. Mehta retired by rotation and offered themselves for reappointment
  • Shri J.B. Amin resigned as Director of the Board

1996

  • S/Shri Vishnu Varshney and K.B. Sheth retired by rotation and offered themselves for reappointment
  • Shri K.B. Pate resigned as Director of the Board
  • The company was declared a Sick Industrial Undertaking under SICA, 1985

1997

  • S/Shri H.T. Chauhan and Suresh Mehta retired by rotation and offered themselves for reappointment
  • Shri G.V. Konkar resigned as Director of the Board

2001

  • The company entered into a technical collaboration agreement with Lipe of the UK for manufacture of heavy-duty clutches

2005

  • Gujarat Setco acquired US' Lipe Clutch Division
  • The company changed its name from Gujarat Setco Clutch Ltd. to Setco Automotive Ltd.

2007

  • Setco Automotive's subsidiary acquired an auto component manufacturing unit of Haldex Corporation, USA
  • Mr. Arun F. Arora was inducted as a Director on the Company's Board

2008

  • The company recommended a dividend of 25% per share

2009

  • The company recommended a dividend at 25% per Equity Share

2010

  • The company recommended a dividend at 30% per Equity Share
  • Setco Automotive gave a bonus in the ratio of 1:1

2011

  • The company recommended a dividend at 40% per Equity Share

2012

  • The company recommended a dividend at 40% per Equity Share
  • Setco Automotive allotted shares under Employee Stock Option Plan 2010
  • Setco Automotive gave a bonus in the ratio of 1:2

2013

  • Setco Automotive allotted shares under ESOP 2010
  • The company recommended a dividend at 26.5% per Equity Share

2014

  • Setco Automotive allotted shares under ESOP 2010
  • The company recommended a dividend at 26.5% per Equity Share

2015

  • Setco Automotive split its face value from Rs. 10 to Rs. 2

2016

  • Setco Automotive bags an order from Ashok Leyland

2019

  • Setco Foundation won the Special Jury Award at Outlook Poshan Innovation Awards 2019
  • Setco Automotive Limited disclosed the acquisition of 16,000 Equity Shares by Mrs. Khushpreet Bajwa Gujral

2021

  • The company entered into a deed of assignment with Setco Automotive (UK) Ltd for acquisition of all trademarks, designs, and intellectual property rights relating to the clutch manufacturing business.

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Pocketful Fintech Capital Private Limited (CIN U65999DL2021PTC390548) | The SEBI Registration No. allotted to us is INZ000313732. NSE Member Code: 90326 | BSE Member Code: 6808 | MCX Member Code: 57120 DP | CDSL: 12099800