BSEInsider Trading / SAST23 Jun 2026 · 23 Jun 2026, 10:40 am
The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on June 23, 2026 for Sneha Harish Sheth
Setco Automotive Ltd · 505075
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Promoter Sneha Harish Sheth has reported the release of 3,382,500 equity shares of Setco Automotive Ltd from encumbrance. These shares, constituting 2.53% of the total share capital, were previously pledged against Non-Convertible Debentures. This event significantly reduces the promoter's overall pledged shareholding from 2.64% to 0.12%, indicating improved financial flexibility for the promoter group.
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Earnings Impact5/10
Growth Catalyst5/10
Governance Concern3/10
Regulatory Risk1/10
Balance Sheet Risk3/10
Liquidity Impact5/10
Market Sentiment8/10
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Setco Automotive Ltd - 505075 - Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations, 2011.
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Sneha Sheth
Ila Kunj, Ground Fllor, 32, Nepean Sea Road, Mumbai-400 036
June 22, 2026
BSE Limited, National Stock Exchange of India Ltd,
Dept. of Corporate Services, Listing Department
Phiroze Jeejeebhoy Towers, Exchange Plaza, Bandra Kurla Complex,
Dalal Street, Bandra (East), Mumbai – 400051
Mumbai – 400 001
Dear Sir,
Sub.: Reg 31(1) & 31(2) of SEBI (Substantial Acquisition of Shares and
Takeovers) Regulations, 2011
Pursuant to Regulations 31(1) & 31(2) of SEBI (Substantial Acquisition of Shares and
Takeovers) Regulations, 2011, 3382500 Equity Shares of Rs. 2/- each of Setco
Automotive Limited are released by Vistra ITCL (India) Limited – Debenture
Trustee on June 18, 2026.
We have enclosed the details in the prescribed format.
We request you to take note of the above on your records and oblige.
Thanking you,
Yours faithfully,
Sneha Sheth
Encl.: a/a
Annexure – 1
Format for disclosure by the Promoter(s) to the stock exchanges and to the Target Company for encumbrance of shares / invocation of encumbrance/
release of encumbrance, in terms of Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011
Name of the Target Company(TC) Setco Automotive Limited
Names of the Stock Exchanges where the shares of the target company are listed Bombay Stock Exchange & National Stock Exchange of India
Date of reporting June 22, 2026
Name of the promoter or PAC on whose shares encumbrance has been Sneha Harish Sheth
created/released/invoked
Details of the creation of encumbrance:
Name of the Promoter holding Promoter holding Details of events pertaining to encumbrance (3) Post event
promoter (s) or in the already holding of
PACs with him* target company (1) encumbered (2) encumbered
[as on date of shares {creation
pledge] [(2)+(3)] /
release [(2)-(3)]
/ invocation
Number % of Number % of Type of Date of Type of Reasons Number % of Name of Number % of
total total event creation/ encumbrance for total the entity in Total
share share (creation invocation/ (pledge/ lien/ encumbra share whose share
capit capital / release / release of non disposal nce capit favor shares capital
al invocatio encumbrance undertaking ** al encumbered
n) /others) ***
Sneha Harish 35,37,400 2.64 35,37,400 2.64 Release 18-06-2026 Release Release of 3382500 2.53 India Resurgence 154900 0.12
Sheth Shares Fund - Scheme 1
against and India
NCDs Resurgence Fund -
issued by Scheme 2,
Setco Auto managed by India
Systems Resurgence Asset
Pvt. Ltd. Management
Business Private
Limited – NCDs
Holders/Lender
Vistra ITCL (India)
Limited –
Debenture Trustee
Urja Harshal Shah 42,84,725 3.20 - - - - - - - - - - -
Name of the promoter Promoter holding in Promoter holding Details of events pertaining to encumbrance (3) Post event
(s) or the already holding of
PACs with him* target company (1) encumbered (2) encumbered
shares {creation
[(2)+(3)] /
release [(2)-(3)]
/ invocation
Number % of Number % of Type of Date of Type of Reasons for Number % of Name of Number % of
total total event creation/ encumb encumbrance total the entity Total
share share (creation invocation rance ** share in share
capital capital / release / release of (pledge capit whose capital
invocatio encumbrance / lien/ al favor
n) non shares
disposal encumbere
underta d
king ***
/others)
Harish Kiritbhai Sheth 28,97,575 2.17 - - - - - - - - - - -
Udit Harish Sheth 27,62,863 2.07 - - - - - - - - - - -
Harish Kiritbhai Sheth 61,080 0.05 - - - - - - - - - - -
Setco Engineering 64063845 47.89 - - - - - - - - - - -
Pvt.Ltd.
TransStadia Enterprises 16,50,000 1.23 - - - - - - - - - - -
Private Limited
Sneha Harish Sheth
Place: Mumbai
Date: June 22, 2026
*The names of all the promoters, their shareholding in the target company and their pledged shareholding as on the reporting date should appear in the table irrespective of whether they are reporting on the
date of event or not.
** For example, for the purpose of collateral for loans taken by the company, personal borrowing, third party pledge, etc.
***This would include name of both the lender and the trustee who may hold shares directly or on behalf of the lender.