BSEInsider Trading / SAST5d ago · 25 Aug 2026, 10:17 am
The Exchange has received revised Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on August 24, 2026 for Setco Engineering Pvt Ltd
Setco Automotive Ltd · 505075
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Setco Automotive Ltd has submitted a revised disclosure under SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, correcting an inadvertent clerical error in their previous disclosure regarding the release of pledge on 32,283,970 equity shares held by Setco Engineering Private Limited.
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Setco Automotive Ltd - 505075 - Revised Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations, 2011.
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August 24, 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
With reference to the disclosure submitted on July 06, 2026, under Regulations 31(1) &
31(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011,
regarding the release of pledge on 32,283,970 Equity Shares of Rs. 2/- each of Setco
Automotive Limited, held by Setco Engineering Private Limited, by Vistra ITCL (India)
Limited – Debenture Trustee on July 03, 2026. We wish to clarify that the discrepancy
occurred due to an inadvertent clerical error while compiling the post-event figures in
the disclosure.
Accordingly, the disclosure has been duly reviewed and the post-event holding of
encumbered shares has been corrected/revised to reflect the accurate position.
We have therefore enclosed the revised disclosure in the prescribed format and request
you to take note of the above and replace the existing data with the revised data.
Thanking you,
Yours faithfully,
For Setco Engineering Private Limited
Udit Sheth
Director
DIN: 00187221
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 August 24, 2026
Name of the promoter or PAC on whose shares encumbrance has been Setco Engineering Private Limited
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 capit
al invocatio encumbrance undertaking ** al encumbered al
n) /others) ***
Setco Engineering 64063845 47.89 54013845 40.38 Release 03-07-2026 Release Release of 32,283,970 24.13 India Resurgence 2,17,29,875 16.24
Private Limited 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)
Sneha Harish Sheth 35,37,400 2.64 - - - - - - - - - - -
Harish Kiritbhai Sheth 28,97,575 2.17 - - - - - - - - - - -
Harish Kiritbhai Sheth 61,080 0.05 - - - - - - - - - - -
Udit Harish Sheth 27,62,863 2.07 - - - - - - - - - - -
TransStadia Enterprises 16,50,000 1.23 - - - - - - - - - - -
Private Limited
Authorized Signatory
Place: Mumbai
Date: August 24, 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.