Setco Automotive has informed that it has become aware of a news article ‘Bain-Backed RSB Transmissions in Talks to Acquire Auto Parts Maker’ published by VCCircle on March 7, 2025. As a policy, they do not comment on market speculations. It may however be noted that the information contained in the aforesaid article is misleading and therefore should not be relied upon. The company has been undergoing a transformation for the last few years and various strategic opportunities are continuously evaluated by the company in ordinary course, including those for fund raising and to reduce the cost of capital to the company and its business operations. At this stage, there is no material event/information that requires disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company will make appropriate disclosures in compliance with the applicable laws, as and when required.
The above information is a part of company’s filings submitted to BSE.
