Promoter Udit Sheth releases pledge of 5.82 lakh shares
SETCO · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Promoter Udit Harish Sheth has released the pledge on 5,82,863 equity shares (0.44 percent of share capital) of Setco Automotive Ltd. The release happened on June 18, 2026. The shares were pledged against non-convertible debentures issued by Setco Auto Systems Pvt Ltd, held by India Resurgence Fund schemes via trustee Vistra ITCL. Post-release, Udit Sheth's encumbered holding falls to 21,80,000 shares (1.63 percent) from 27,62,863 (2.07 percent). Other promoter holdings, including Setco Engineering at 47.89 percent, are unchanged.
Reduces encumbrance on promoter's shares, a mildly positive signal indicating partial debt clearance or reduced financial pressure on the promoter group.