Pledge/Unpledge

Setco Automotive's promoter, Harish Kiritbhai Sheth, had 81,575 equity shares (face value Rs. 2 each) released from pledge on July 9, 2026. These shares were previously held as collateral by Vistra ITCL (India) Limited for Non-Convertible Debentures (NCDs) of Setco Auto Systems Pvt. Ltd. This unpledging signifies a reduction in the promoter's previously encumbered shares, which is often seen as a positive indicator for investors as it lessens financial obligations tied to the promoter's equity.