Setco Automotive Limited Equity Shares Released Following Release Against NCD Encumbrance
Setco Automotive Limited has seen a significant change in its equity share structure following the release of encumbered shares held by Setco Engineering Private Limited. This transaction, which occurred on July 3, 2026, involved 32,283,970 equity shares of Setco Automotive Limited.The shares were released by Vistra ITCL (India) Limited, acting as the Debenture Trustee. The release was executed in favor of India Resurgence Fund - Scheme 1 and India Resurgence Fund - Scheme 2, which are managed by India Resurgence Asset Management Business Private Limited. This action related to Non-Convertible Debentures (NCDs) issued by Setco Auto Systems Pvt. Ltd.
The transaction resulted in a notable shift in the holding status of Setco Engineering Private Limited. Prior to the release, Setco Engineering held 64,063,845 equity shares, representing 47.89% of the total share capital. Following the release of 32,283,970 shares, Setco Engineering's post-event holding stands at 21,679,875 shares, accounting for 16.21% of the total share capital.
The data relating to promoter holdings and encumbrance details as of July 6, 2026, is summarized below:
| Promoter/PAC Name | Pre-Event Holding (Shares / %) | Encumbered Shares Held | Event Type | Post-Event Holding (Shares / %) |
|---|---|---|---|---|
| Setco Engineering Private Limited | 64,063,845 / 47.89% | 54,013,845 / 40.38% | Release | 21,679,875 / 16.21% |
Details of the promoter holdings and events for other associated individuals include:
| Promoter Name | Pre-Event Holding (Shares / %) | Encumbered Shares Held |
|---|---|---|
| Sneha Harish Sheth | 3,537,400 / 2.64% | - |
| Harish Kiritbhai Sheth | 2,897,575 / 2.17% | - |
| Harish Kiritbhai Sheth HUF | 61,080 / 0.05% | - |
| Udit Harish Sheth | 2,762,863 / 2.07% | - |
| TransStadia Enterprises Private Limited | 1,650,000 / 1.23% | - |
SETCO Stock Price Movement
As of 2:48 PM, shares of Setco Automotive Limited are edging higher to ₹19.00, rallying after gaining 1.60% in the ongoing market session. The stock saw active trading with a volume of 83,580 shares as it maintained its upward momentum within the day's intraday range.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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