Promoter Sneha Harish Sheth released 33,82,500 equity shares of Setco Automotive on June 18, 2026, reducing the encumbrance on her holdings. The release was executed by Vistra ITCL (India) Limited in its capacity as Debenture Trustee. The shares were 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 22, 2026, in compliance with Regulations 31(1) and 31(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Prior to the release, Sneha Harish Sheth held 35,37,400 shares, representing 2.64% of the total share capital, all of which were encumbered.

Post-Event Shareholding Details

Following the release of 33,82,500 shares, which constituted 2.53% of the total share capital, the promoter's encumbered holding has decreased significantly. The remaining encumbered shares now total 1,54,900, accounting for 0.12% of the total share capital.

The filing also provides details on other promoters and their shareholding status. As per the records, other promoters such as Urja Harshal Shah, Harish Kiritbhai Sheth, and Udit Harish Sheth hold no encumbered shares. Setco Engineering Pvt. Ltd., a major promoter, holds 6,40,63,845 shares, or 47.89% of the total share capital, with zero encumbrance.

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