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.

Setco Automotive Limited has informed the stock exchanges regarding a delay in the submission of its audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The company stated that the postponement is due to the additional time required for the finalization and review of financial statements. This includes the completion of audit and limited review procedures, as well as the incorporation of specific financial adjustments to ensure accuracy and compliance with applicable accounting standards and regulatory requirements.

The company emphasized that the delay was neither intentional nor deliberate. Management has assured that all necessary steps are being taken to complete the process at the earliest possible time. The financial results will be submitted immediately upon the conclusion of these procedures.