Setco Automotive Ltd

Setco Auto Subsidiary Approves ₹125.1 Crore Waiver on NCDs 💰

• Approved waiver of ₹67.0 lakh Additional Redemption Premium for FY 2025-26

• Breakdown: ₹15.6 lakh to India Resurgence Fund - Scheme 1 and ₹51.4 lakh to Scheme 2

• Waiver of accrued Investor IRR at 18% per annum on unlisted NCDs totaling ₹125.10 crore

• IRR waiver breakdown: ₹4.7 crore FY2024-25 (Scheme 1), ₹15.4 crore FY2024-25 (Scheme 2), ₹24.45 crore FY2025-26 (Scheme 1), ₹80.55 crore FY2025-26 (Scheme 2)

• No change to principal amount or other key terms of the Debentures