Announced Tue, 7 Jul · 10:31 IST
Setco Automotive: Promoter releases pledge on 50,000 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
+9.3%1-day move
₹16.01
prior close
—
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————+9.3+14.7+20.4+17.7+14.3+11.8+11.8———
Up moveDown movePending
AI summary
Promoter Setco Engineering Pvt Ltd (47.89 percent stake in Setco Automotive) released pledge on 50,000 equity shares (0.04 percent of capital) via Vistra ITCL as Debenture Trustee on July 3, 2026. Shares were pledged against NCDs issued by Setco Auto Systems in favor of India Resurgence Fund. Post-release, encumbered promoter shares stand at 2,16,29,875 (16.17 percent of capital). Minor reduction in pledged holdings.
Likely market impact
Marginal pledge release by promoter; negligible impact on shareholding. Encumbered promoter holding now at 16.17 percent.