Setco Automotive Limited at its Board of Directors of the meeting held on May 23, 2018, recommended dividend of INR 0.80, or 40% per equity shares of INR 2 each for fiscal 2018, subject To Approve the shareholders at the Annual General Meeting.

The company approved appointment of Mr. B L Naik as and Additional Independent Director on the Board of the company. The company appointed Mr. Nishant Javelkar as the Company Secretary and Compliance Officer of the company with effect from May 2, 2018.