Smiti Holding pledges 3.66% Asian Paints shares with Bajaj Finance

Promoter pledge above 50%Ownership Changes View source PDF Explain this filing

ASIANPAINT · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-2.8%Reaction day

₹2472.50

prior close

₹2472.50

announcement price

After-mkt

timing

Nifty 100market-1.4%-1.4% vs market

Paints peers, median of 8sector-2.4%-0.4% vs sector

On the reaction day the stock moved 1.4 pts less than Nifty 100 and 0.4 pts less than its Paints peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.6

10m

-0.7

15m

-0.6

30m

-0.5

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-2.8-1.4-1.4-2.4-0.4

Next day

-2.3-1.1-1.2-2.3+0.0

-1.0-0.7-0.3-2.1+1.1

-0.3-0.2-0.1-1.6+1.3

-0.9+0.1-1.0-2.8+1.9

-1.0-0.3-0.7-0.9-0.1

-3.2-1.3-1.9-3.4+0.2

15d

-4.2-3.5-0.7-3.6-0.5

-5.0-2.3-2.7-4.8-0.2

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UpDownMarket · Nifty 100Sector · Paints peers, median of 8Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Promoter entity Smiti Holding created a pledge of 3,50,74,000 Asian Paints shares (3.66% of capital) in favour of Bajaj Finance Limited on 9 Sept 2026 as collateral for a loan. Post-pledge, about 70% of Smiti Holding's own stake (3.59 crore shares, 3.75%) is encumbered. Total promoter group holds 50.49 crore shares (52.65%), of which 4.96 crore (5.18%) are now pledged.

Likely market impact

Promoter raised loan by pledging 3.66% of Asian Paints. About 70% of Smiti Holding stake now encumbered; risk if pledge is invoked on default.