Setco Automotive: Promoter Encumbrance Release of 3.22 Cr Shares

Setco Automotive Limited has announced the release of 32,283,970 equity shares, previously encumbered. The release occurred on July 3, 2026, and was facilitated by Vistra ITCL (India) Limited, the Debenture Trustee. This action pertains to Setco Engineering Private Limited, a promoter, and is in accordance with SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. The shares were released against Non-Convertible Debentures (NCDs) issued by Setco Auto Systems Pvt. Ltd. The encumbrance was in favor of India Resurgence Fund - Scheme 1 and Scheme 2, managed by India Resurgence Asset Management Business Private Limited, who are the NCD holders/lenders.