Setco Automotive Limited — Pledging, 29-06-2026: Pledge/Unpledge

Setco Automotive promoter Sneha Harish Sheth has had 33.83 lakh equity shares, representing 2.53% of the total share capital, released from encumbrance. This move significantly reduces her pledged holdings from 2.64% to 0.12%. These shares were previously used as collateral for Non-Convertible Debentures (NCDs) issued by a group company. Unpledging events are generally viewed as a positive development, signaling reduced financial obligations or improved stability for the promoter.