Disclosure under Regulation 31(4) & (5) of SEBI (Substantial Acquisition of Shares and Takeover) Regulation, 2011
SETCO · price
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Awaiting price reaction for this filing.
Setco Automotive's promoters have filed their annual declaration under SEBI Regulation 31(4) & (5) for FY ended March 31, 2025. All promoters — Udit Sheth (2.07%), Harish Sheth (2.17%), Sneha Sheth (2.64%), Urja Shah (3.20%), Harish Sheth HUF (0.05%), Setco Engineering Pvt. Ltd. (47.89%), and TransStadia Enterprises Pvt. Ltd. (1.23%) — have confirmed that they have not created any new encumbrances (such as pledges or liens) on their shares during the year, beyond what was already disclosed. The largest promoter, Setco Engineering Pvt. Ltd., holds 6,40,63,845 shares (47.89%). Combined, the promoter group's total holding stands at roughly 59% of the company.
This is a routine compliance filing and signals that promoters have not pledged any additional shares, which is mildly positive as it suggests no fresh financial pressure or collateralisation of promoter holdings. No material impact on the stock is expected from this disclosure.