Announced Tue, 23 Jun · 10:40 IST
Setco Automotive: Promoter Releases 33.82 Lakh Shares From Pledge
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+0.0-1.0-2.2-4.1-3.7-4.7-7.2+6.2+3.4——
Up moveDown movePending
AI summary
Sneha Harish Sheth, a promoter of Setco Automotive, released 33,82,500 shares (2.53% of share capital) from encumbrance on June 18, 2026. The shares were pledged as collateral for NCDs issued by Setco Auto Systems Pvt Ltd, with India Resurgence Fund as lender and Vistra ITCL as debenture trustee. Post release, only 1,54,900 shares (0.12%) remain encumbered out of her total 35,37,400 share holding (2.64%).
Likely market impact
Positive for stock. Pledge release reduces risk of forced selling and signals lower debt burden on promoter group.