SEBI corrects order clarifying payment amounts and interest rates in Setco case
This order corrects typographical errors in a previous SEBI order dated February 05, 2026, specifically clarifying the amounts and interest rates that Noticees No. 3 and 4 must pay to Noticees No. 1 and 2.
Setco Automotive Limited (Noticee No. 1), Setco Auto Systems Private Limited (Noticee No. 2), and Noticees No. 3 and 4 (names not specified in this text).
- Correction of typographical errors in the order dated February 05, 2026.
- Noticees No. 3 and 4 are directed to pay Noticee No. 1 Rs. 81.96 crore plus interest at 23% p.a.
- Noticees No. 3 and 4 are directed to pay Noticee No. 2 Rs. 107.76 crore plus interest at 23% p.a.
- Noticees No. 3 and 4 are directed to pay Noticee No. 2 Rs. 13.07 crore plus interest at 23% p.a.
- Noticees No. 3 and 4 are directed to pay Noticee No. 2 Rs. 5.98 crore plus interest at 23% p.a.
- Payments are to be made jointly and severally.
- Any previously repaid amounts and corresponding interest must be deducted upon provision of proof.
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Document details
| Official title | Corrigendum order in the matter of Setco Automotive Limited |
| Source body | Securities & Exchange Board of India (SEBI) — enforcement orders |
| Reference number | — |
| Status | closed (order) |
| Year | 2026 |
| Closing date | — |
| Documents | 1 |