Setco Automotive Limited's promoter, Transstadia Enterprises Private Limited, has seen 16.5 lakh equity shares (1.23% of total share capital) unpledged by Vistra ITCL (India) Limited, the Debenture Trustee.

These shares were previously pledged against Non-Convertible Debentures (NCDs) issued by Setco Auto Systems Pvt. Ltd. This unpledging reduces the promoter's pledged share percentage, a development often viewed positively by investors as it suggests improved financial flexibility and reduced risk.