SETCO2023-04-012023-06-30 SETCO2023-04-012023-06-30in-bse-fin:OneOperatingExpenses01Member SETCO2023-06-30 iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 505075 SETCO NOTLISTED Setco Automotive Limited Equity 2023-04-01 2024-03-31 2023-08-14 2023-08-02 INR Lakhs First quarter 11:27:00 12:58:00 2023-08-14 2023-08-14 Not applicable Single segment AUTOMOTIVE COMPONENTS 2023-04-01 2023-06-30 Unaudited Consolidated 1451700000.00 5700000.00 1457400000.00 753400000.00 0.00 1000000.00 230000000.00 424300000.00 87300000.00 330800000.00 1826800000.00 -369400000.00 0.00 -369400000.00 -900000.00 0.00 -900000.00 0.00 -368500000.00 0.00 0.00 0.00 0.00 -368500000.00 -3500000.00 -372000000.00 -310200000.00 -58300000.00 -313800000.00 -58300000.00 267500000.00 2 -2.32 -2.32 0.00 0.00 -2.32 -2.32 1. The above results have been prepared in accordance with the Companies (Indian Accounting Standards) Rules, 2015 (Ind-AS) prescribed under Section 133 of the Companies Act, 2013, as amended and other recognized accounting practices and policies to the extent applicable. 2. Exceptional Items: Particulars Quarter Ended Year Ended Sr. No. Jun 30, 2023 Mar 31, 2023 Jun 30, 2022 Mar 31, 2023 a. Provision for ECL in Advances 0 1103 0 1273 Total 0 1103 0 1273 a. ECL is provided by SASPL on the amount recoverable from Transstadia Technology Private Limited of Rs. 299 lakhs and Other Advance of Rs. 804 lakhs for the quarter and year ended March’23. ECL is provided by SASPL on the amount recoverable from SE Transstadia Private Limited of Rs. 85 Lakhs and Other Advance of Rs. 85 lakhs for the year ended March’23. 3. The Company’s subsidiary – Lava Cast Private Limited has received a recall notice on January 16, 2023 from its lender – Bank of Baroda, which is being attended, making all attempts to resolve the matter in an amicable manner by that company. Also, the lender had filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016 read with Rule 4 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016, before the Hon’ble National Company Law Tribunal, Ahmedabad and its holding company Setco Automotive Limited as a Corporate Guarantor. 4. Basis for qualified conclusion by the Independent Auditors of Company’s subsidiary Lava Cast Private Limited vide their Limited Review Report on the unaudited consolidated financial results for quarter ended June 30, 2023, vide their report dt. August 4, 2023, is reproduce hereunder: Other Expenses 330800000.00 0.00 3500000.00