Announced Thu, 9 Jul · 18:30 IST
Setco Automotive: 17.5 lakh promoter shares released from pledge
SETCO · price
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Price reaction · full curve 14 horizons · vs prior close
+2.6%1-day move
₹18.37
prior close
₹18.45
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+4.0+4.2+3.0+4.5+2.6-0.4-0.7-2.6-2.0+0.7————
Up moveDown movePending
AI summary
Setco Engineering Pvt Ltd (promoter holding 47.89%) released 17,50,000 shares (1.31% of capital) of Setco Automotive from encumbrance on June 30, 2026. Vistra ITCL acted as debenture trustee. Post-release, encumbered promoter shares fell from 41.69% to 40.38% of capital. Reason given: release of shares against NCDs issued by Setco Auto Systems Pvt Ltd held by India Resurgence Fund.
Likely market impact
Pledge release reduces encumbered promoter shares, slightly improving perceived financial flexibility. No change in overall promoter ownership.