The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on September 17, 2025 for Smiti Holding & ....
ASIANPAINT · price
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Smiti Holding and Trading Company Private Limited, a promoter of Asian Paints, disclosed under SEBI SAST Regulations that it released a pledge on 14,00,000 shares (0.15% of total share capital) on September 15, 2025. The shares had been pledged with Citicorp Finance (India) Limited as collateral for a loan. After this release, Smiti Holding still has 3,78,11,000 shares (3.94%) encumbered out of its 5,17,67,638 shareholding (5.40%). The total promoter group holds 50,47,85,198 shares (52.63% of Asian Paints), with 4,88,43,727 shares (5.09%) currently pledged across the group.
A pledge release is generally viewed positively as it reduces the encumbrance burden on the promoter and signals improved financial flexibility. The promoter group continues to hold a comfortable majority stake of 52.63%, and only a small portion (5.09%) of promoter shares remain pledged, which is unlikely to be a material concern for shareholders.