Shareholding23 Jun 2026, 10:56 am
Setco Automotive: Promoter Harish Kiritbhai Sheth Releases 28.16 Lakh Shares
AI Summary
Setco Automotive Limited has filed a disclosure regarding the release of 28,16,000 equity shares of Rs. 2/- each by Vistra ITCL (India) Limited, acting as Debenture Trustee. This release, which occurred on June 18, 2026, pertains to shares previously encumbered by promoter Harish Kiritbhai Sheth. The shares were released against Non-Convertible Debentures (NCDs) issued by Setco Auto Systems Pvt. Ltd. The disclosure was made on June 22, 2026, in compliance with SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The filing details the promoter's holding and the post-release shareholding status.
Key Highlights
- Promoter Harish Kiritbhai Sheth's shares were released.
- 28.16 lakh equity shares were involved in the release.
- Release was linked to NCDs issued by Setco Auto Systems Pvt. Ltd.
- Disclosure filed under SEBI Takeover Regulations.
- Vistra ITCL (India) Limited acted as Debenture Trustee.
Price Impact
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