Announced Tue, 23 Jun · 10:55 IST
Setco Automotive: Promoter Harish Sheth releases 28.16 lakh pledged shares
SETCO · price
▲ 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
-1.0%1-day move
₹17.19
prior close
₹17.00
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.0+0.0+0.0-0.1-1.0-2.2-4.1-3.7-4.7-7.2+6.2+3.4——
Up moveDown movePending
AI summary
Promoter Harish Kiritbhai Sheth released 28,16,000 equity shares (2.11% of total share capital) that were pledged as collateral for NCDs issued by Setco Auto Systems Pvt Ltd. The shares were released on June 18, 2026 by Vistra ITCL as Debenture Trustee for India Resurgence Fund. Post-release, only 81,575 shares of his 28,97,575 total holding (2.17%) remain encumbered.
Likely market impact
Positive — reduces encumbrance on promoter shares, freeing up collateral. Only 0.06% of his holding remains pledged now.