SETCO AUTOMOTIVE LTD. - Disclosure Under Regulation 30 Of Securities Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations, 2015

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17 Jan 2023
This is to inform you that Setco Automotive Limited ('the Company or Guarantor') and its subsidiary, Lava Cast Private Limited ('Borrower') received on 16th January, 2023, a recall notice from Orbit Law Services on behalf of Bank of Baroda ('Lender') in view of the default of various loan facilities availed by LCPL. The lender has served a recall notice on the Borrower's loan facilities and demand the entire amount from the Borrower and Guarantors and called upon them to pay Rs. 145. 85 Cr. calculated as on 31st December, 2022 the entire outstanding amount due in terms of the financial documents within 7 days of this notice.
View all announcements for SETCO AUTOMOTIVE LTD.	Source: BSE India

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