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setco automotive ltd (505075) Details

Setco Automotive Limited produces and sells clutches for the medium and heavy commercial vehicles in India. The company provides various types of clutches, such as pull and push type clutches, and pressure converters. It also manufactures and sells clutches for hydraulic products for the construction equipment industry; and precision engineering components, including deep drawn pressings, and forgings and castings. The company primarily offers its products under the LIPE, SETCO, and Lava cast brand names. It serves commercial and military trucks, heavy-medium commercial vehicle, marine, off-highway, and agricultural equipment markets. The company was formerly known as Gujrat Setco Clutch Limited and changed its name to Setco Automotive Limited in November 2005. Setco Automotive Limited was founded in 1982 and is headquartered in Mumbai, India. Setco Automotive Limited operates as a subsidiary of Setco Engineering Pvt. Ltd.

Founded in 1982

setco automotive ltd (505075) Top Compensated Officers

Chairman, Managing Director, Chairman of Fina...
Total Annual Compensation: 15.0M
Joint Managing Director, Executive Director, ...
Total Annual Compensation: 5.3M
Chief Operating Officer, Executive Director a...
Total Annual Compensation: 9.1M
Compensation as of Fiscal Year 2015.

setco automotive ltd (505075) Key Developments

Setco Automotive Ltd Approves Appointment of Bhautesh Shah as Company Secretary, Compliance Officer and Key Managerial Personnel

Setco Automotive Ltd. announced that the Board of Directors of the company at its meeting held on February 11, 2016, has approved the appointment of Mr. Bhautesh Shah as Company Secretary, Compliance Officer and Key Managerial Personnel, effective January 06, 2016.

Setco Automotive Limited Reports Unaudited Standalone Earnings Results for the Third Quarter and Nine Months Ended December 31, 2015

Setco Automotive Limited reported unaudited standalone earnings results for the third quarter and nine months ended December 31, 2015. For the quarter, net sales/income from operation was INR 1,159.7 million against INR 1,134.3 million a year ago. Profit from operation before other income, finance cost and exceptional item was INR 141.9 million against INR 125.8 million a year ago. Profit from ordinary activities before tax was INR 82.7 million against INR 79.6 million a year ago. Net profit was INR 59.5 million or INR 0.45 per basic and diluted share against INR 60.9 million or INR 0.46 per basic and diluted share a year ago. For the nine months, net sales/income from operation was INR 3,299.1 million against INR 3,279.1 million a year ago. Profit from operation before other income, finance cost and exceptional item was INR 293.7 million against INR 334.1 million a year ago. Profit from ordinary activities before tax was INR 190.7 million against INR 243.8 million a year ago. Net profit was INR 157.0 million or INR 1.18 per basic and diluted share against INR 205.4 million or INR 1.54 per basic and diluted share a year ago.

Setco Automotive Limited, Board Meeting, Feb 11, 2016

Setco Automotive Limited, Board Meeting, Feb 11, 2016. Agenda: To consider quarterly results; to appoint Bhautesh Shah as Company Secretary, Compliance Officer and Key Managerial Personnel; and to consider authorizing Vinay Shahane as Key Managerial Personnel.

 

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