Setco Automotive approves revised merger scheme with LCPL

Setco Automotive Limited's Board of Directors has approved a revised Scheme of Amalgamation for Lava Cast Private Limited (LCPL), a wholly-owned subsidiary, with the company. This revised scheme supersedes the original one approved on March 23, 2026. As LCPL is a wholly-owned subsidiary, no shares will be issued, and there will be no change in the shareholding pattern. The company also granted in-principle approval to explore rationalizing its overseas corporate structure, which may involve buy-backs, business transfers, and liquidation of certain overseas subsidiaries. The details of LCPL as of March 31, 2026, show a turnover of ₹8,778.29 Lakhs and a net worth of ₹(13,670.76) Lakhs. Setco Automotive's standalone turnover was ₹115.00 Lakhs with a net worth of ₹15,894.68 Lakhs, while consolidated figures were ₹80,492.66 Lakhs turnover and ₹(70,817.01) Lakhs net worth.