Promoter Udit Harish Sheth has released 5,82,863 equity shares of setco automotive from pledge, reducing the encumbrance on his holdings. The release, executed by Vistra ITCL (India) Limited in its capacity as Debenture Trustee, took place on June 18, 2026. This action pertains to shares pledged against Non-Convertible Debentures (NCDs) issued by Setco Auto Systems Pvt. Ltd., with the lenders being India Resurgence Fund - Scheme 1 and India Resurgence Fund - Scheme 2, managed by India Resurgence Asset Management Business Private Limited.

The disclosure was made to the stock exchanges on June 21, 2026, in compliance with Regulations 31(1) and 31(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Prior to this release, Sheth held 27,62,863 shares, amounting to 2.07% of the total share capital, all of which were encumbered. Following the release of 5,82,863 shares, which constitute 0.44% of the total share capital, his encumbered holding has decreased to 21,80,000 shares, representing 1.63% of the total share capital.

The filing also details the shareholding and encumbrance status of other promoters associated with Setco Automotive Limited. Promoters Urja Harshal Shah, Sneha Harish Sheth, Harish Kiritbhai Sheth, and Harish Kiritbhai Sheth HUF reported no encumbrances on their respective holdings. Additionally, Setco Engineering Pvt. Ltd., holding 47.89% of the total share capital, and TransStadia Enterprises Private Limited, holding 1.23%, reported no encumbered shares.

The release of shares signifies a reduction in the pledged portion of the promoter's stake, potentially altering the risk profile associated with his shareholding. The entities in whose favor the shares were previously encumbered include the India Resurgence Fund schemes and the trustee, Vistra ITCL (India) Limited.

Shareholding and Encumbrance Details

Setco Engineering Private Limited has released 83,00,000 equity shares of Setco Automotive Ltd , reducing the promoter group's encumbered holdings. The release, executed by Vistra ITCL (India) Limited in its capacity as Debenture Trustee, occurred on June 18, 2026. This action follows the regulations stipulated under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

The disclosure was submitted to the stock exchanges on June 21, 2026. The shares were released against Non-Convertible Debentures (NCDs) issued by Setco Auto Systems Pvt. Ltd. The entities in whose favor the shares were previously encumbered include India Resurgence Fund - Scheme 1 and India Resurgence Fund - Scheme 2, managed by India Resurgence Asset Management Business Private Limited, along with Vistra ITCL (India) Limited.

Following the release, the encumbered shareholding of Setco Engineering Private Limited stands at 5,57,63,845 shares, representing 41.69% of the total share capital. Prior to this event, the promoter held 6,40,63,845 shares, amounting to 47.89% of the total share capital, all of which were encumbered.

Promoter Holding Details

The filing outlines the shareholding and encumbrance status of various promoters within the group. While Setco Engineering Private Limited saw a reduction in pledged shares, other promoters maintained their holdings without any encumbrance.

The release of encumbrance signifies a change in the capital structure of the promoter's obligations, specifically regarding the NCDs issued by Setco Auto Systems Pvt. Ltd. The document was signed by Udit Sheth, Director of Setco Engineering Private Limited.