Setco Automotive: 17.5 Lakh Shares Released from Encumbrance

Setco Automotive Limited has reported the release of 17,50,000 equity shares, each with a face value of Rs. 2, from encumbrance. The release was executed on June 30, 2026, by Vistra ITCL (India) Limited, acting as the Debenture Trustee. This action pertains to disclosures required under Regulation 31(1) and 31(2) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. The shares were released in connection with Non-Convertible Debentures (NCDs) issued by Setco Auto Systems Pvt. Ltd. The encumbrance was originally in favor of India Resurgence Fund - Scheme 1 and India Resurgence Fund - Scheme 2, managed by India Resurgence Asset Management Business Private Limited.