Setco Engineering releases 3.2cr shares, cuts encumbrance

Setco Engineering Private Limited reduced its encumbered shareholding in Setco Automotive by releasing 32,283,970 equity shares on July 3, 2026. The release was executed by Vistra ITCL (India) Limited in its capacity as Debenture Trustee against Non-Convertible Debentures (NCDs) issued by Setco Auto Systems Pvt. Ltd. The lenders involved are India Resurgence Fund - Scheme 1 and India Resurgence Fund - Scheme 2, managed by India Resurgence Asset Management Business Private Limited. This disclosure was submitted to the stock exchanges on July 6, 2026, under Regulations 31(1) and 31(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Promoter Shareholding and Encumbrance Details

The following table details the shareholding and encumbrance status of the promoters as of the reporting date:

Name of the Promoter	Promoter Holding (Number)	Promoter Holding (%)	Encumbered Holding (Number)	Encumbered Holding (%)
Setco Engineering Private Limited	6,40,63,845	47.89	2,16,79,875	16.21
Urja Harshal Shah	42,84,725	3.20	-	-
Sneha Harish Sheth	35,37,400	2.64	-	-
Harish Kiritbhai Sheth	28,97,575	2.17	-	-
Udit Harish Sheth	27,62,863	2.07	-	-
TransStadia Enterprises Private Limited	16,50,000	1.23	-	-
Harish Kiritbhai Sheth HUF	61,080	0.05	-	-

The shares of Setco Automotive Limited are listed on the Bombay Stock Exchange and the National Stock Exchange of India. The release of encumbrance reduces the pledged portion of the promoter's holding while the overall shareholding quantity remains unchanged.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.56%	-2.56%	+8.55%	+46.96%	+6.80%	-10.05%

Setco Automotive has appointed Ms. Aditi Pai as its Company Secretary and Compliance Officer effective July 13, 2026. The appointment ensures the company maintains compliance with regulatory requirements as it continues its operations. The decision was communicated to the stock exchanges pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Ms. Pai is an Associate member of the Institute of Company Secretaries of India, holding Membership No. A64790. She brings five years of experience in corporate secretarial functions, corporate governance, regulatory compliance, and legal matters to the role. Her expertise includes handling compliances under the Companies Act, 2013, SEBI (LODR) Regulations, 2015, and other applicable corporate laws.

Appointment Details

The company provided specific details regarding the new appointment in its regulatory filing. The following table outlines the key information disclosed:

Sr. No.	Detail	Information
1	Reason for change	Ms. Aditi Pai has been appointed as Company Secretary and Compliance Officer of the Company
2	Date of Appointment	July 13, 2026
3	Brief Profile	Ms. Aditi Pai is an Associate member of Institute of Company Secretaries of India having Membership No. A64790. She has 5 years of experience in corporate secretarial functions, corporate governance, regulatory compliance, and legal matters.
4	Disclosure of relationships	Not Applicable

The appointment was approved and signed by Harish Sheth, Chairman & Managing Director of Setco Automotive Limited. The filing was submitted to both BSE Limited and National Stock Exchange of India Ltd for their information and records.