Setco Automotive: GPCB revokes subsidiary plant closure order

Setco Automotive Ltd announced that its subsidiary, SASPL, has received a revocation order dated April 16, 2026, from the Gujarat Pollution Control Board (GPCB). This order revokes the earlier GPCB direction dated March 10, 2026, which mandated the closure of SASPL's manufacturing unit in Kalol, Gujarat. The revocation is for three months and was granted after a review of compliance measures undertaken by the unit. It is subject to two conditions: compliance with Consolidated Consent Authorisation (CCA) conditions and adherence to an undertaking submitted by the subsidiary. The company confirmed that necessary corrective actions have been implemented, and operations at the unit are now permitted to resume, with no material adverse impact expected.