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.
On the reaction day the stock moved 0.9 pts more than Nifty 100 and 1.0 pts more than its Paints peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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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.