Announced Mon, 6 Jul · 14:14 IST
Setco Automotive promoter releases 24.17 percent 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
+4.4%1-day move
₹15.96
prior close
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base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————+4.4+9.6+15.1+20.8+18.1+14.3+12.8———
Up moveDown movePending
AI summary
Promoter Setco Engineering Private Limited has released encumbrance on about 3.23 crore equity shares (24.17 percent of total capital) on July 3, 2026. The release was done by Vistra ITCL as Debenture Trustee in favor of India Resurgence Fund (Scheme 1 and 2). Promoter holding remains at 47.89 percent, but encumbered shares drop sharply from 40.38 percent to 16.21 percent. The release was against NCDs issued by Setco Auto Systems Pvt Ltd.
Likely market impact
Positive for stock - reduced pledge burden lowers risk of forced selling and signals easing of promoter financial pressure.