Setco Automotive's Material Subsidiary Approves Waiver of Additional Redemption Premium and Investor IRR

Setco Automotive Ltd. announces that its material subsidiary, Setco Auto Systems Private Limited (SASPL), has approved the waiver of accrued Additional Redemption Premium and Investor IRR for its unlisted Non-Convertible Debentures. The waiver of the Additional Redemption Premium amounts to ₹67.0 lakh, while the waiver of accrued Investor IRR amounts to ₹125.10 crore for the financial years 2024-25 and 2025-26. The debenture holders have agreed to these waivers, and the necessary approvals have been obtained in accordance with the applicable laws. The principal amount and other key terms of the Debentures remain unchanged, except for these waivers.