The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on December 17, 2025 for Smiti Holding and ....
ASIANPAINT · price
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Smiti Holding and Trading Company Private Limited, a promoter entity of Asian Paints, has reported changes in share encumbrance between December 15 and 16, 2025. The entity released 21,51,000 shares (0.22% of share capital) pledged with Bajaj Finance and 4,73,000 shares (0.05%) pledged with Julius Baer Capital Advisor, both on December 15. On December 16, it created a fresh pledge of 32,15,000 shares (0.34%) in favour of Jio Credit Limited for loans. Net effect: encumbered shares of Smiti Holding rose marginally from 3,58,76,000 to 3,90,91,000 shares (now 4.08% of total share capital). Smiti Holding continues to hold 5,17,67,638 shares (5.40%) of Asian Paints. Total promoter group holding remains unchanged at 50,47,85,198 shares, representing 52.63% of the company, with overall encumbrance at just 5.22% of promoter holdings.
This is routine promoter-level pledging activity with no change in total promoter ownership or control of Asian Paints. The shift from Bajaj Finance/Julius Baer to Jio Credit Limited suggests loan refinancing rather than any distress signal. Shareholders are unlikely to see any material impact on the stock from this disclosure.