Markets Securities & Exchange Board
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.
Who it concerns: 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).
What SEBI found or ordered
- 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.
Also in the document
- The total principal amount involved in the corrected directions is approximately Rs. 208.77 crore.
- The interest rate specified for all amounts is 23% per annum.
- The corrigendum was issued on April 13, 2026, following a request for correction dated April 03, 2026.
How this was written
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The original document
Securities & Exchange Board of India (SEBI) — enforcement orders
Regulatory order · 13 Apr 2026
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