Promoter Setco Engineering releases 17.5 lakh pledged shares in Setco Automotive

Pledge ReleasedPromoter Below 50pctOwnership Changes View source PDF

SETCO · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

-2.6%1-day move

₹16.38

prior close

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base price

After-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

————-2.6-2.3+1.8+6.8+12.1+15.1+8.5———

Up moveDown movePending

AI summary

Setco Engineering Pvt Ltd, the promoter of Setco Automotive, released 17,50,000 pledged shares (1.31% of share capital) on June 30, 2026. The shares were released by Vistra ITCL (India) as Debenture Trustee on behalf of India Resurgence Fund NCD holders. Encumbered promoter shares fell from 41.69% to 40.38% of capital. Release was against NCDs issued by Setco Auto Systems Pvt Ltd.

Likely market impact

Pledge release reduces encumbrance on promoter shares, a mildly positive signal. About 40% of promoter holding still remains pledged.