The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on September 18, 2025 for Smiti Holding & ....
ASIANPAINT · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Smiti Holding and Trading Company Pvt Ltd, a promoter entity of Asian Paints, filed a SAST Regulation 31(1)/(2) disclosure on 18 September 2025 reporting multiple encumbrance events on the same day. It created a fresh pledge of 10 lakh shares (0.10% of capital) with Bajaj Finance Ltd, while simultaneously releasing pledged shares across five lenders: 17.5 lakh shares with Tata Capital (via IDBI Trusteeship), 13.3 lakh shares with Tata Capital, 4 lakh shares with Bajaj Finance, 3.52 lakh shares with Julius Baer Capital, and 1.49 lakh shares with Barclays Investments. Net result: encumbered shares held by Smiti Holding fell from 3.94% to 3.63% of Asian Paints' share capital. The overall promoter group continues to hold 52.63% (about 50.48 crore shares) with total encumbrance at 4.78% (4.59 crore shares), unchanged in total promoter stake.
Mildly positive for shareholders — the promoter is net deleveraging by releasing pledged shares, reducing financial risk. Overall promoter ownership and voting control remain unchanged at 52.63%, so this is a balance-sheet housekeeping event rather than a directional stake move.