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Setco Automotive's promoter, Udit Harish Sheth, saw 5,82,863 equity shares (0.44% of total share capital) unpledged on June 18. These shares were released by Vistra ITCL (India) Limited, acting as a debenture trustee, and were previously encumbered against Non-Convertible Debentures (NCDs). This move reduces the overall promoter pledged holding, which is generally viewed positively by investors.