The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on December 03, 2025 for Smiti Holding & ....
ASIANPAINT · price
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Smiti Holding and Trading Company Pvt Ltd, part of the Asian Paints promoter group, has created a new pledge of 36,70,000 shares (0.38% of total share capital) on December 1, 2025 in favour of Jio Credit Limited to secure a loan. Smiti Holding holds 5,17,67,638 shares (5.40%) in Asian Paints, and after this pledge creation, its encumbered shares stand at 3,85,00,000 (4.01% of total share capital). The broader promoter and promoter group (including all Dani, Vakil, Gandhi, and Choksi family entities and trusts) holds 50,47,85,198 shares (52.63%) in Asian Paints, of which 4,94,74,727 shares (5.16%) are currently encumbered. No other promoter family entities have created, released, or invoked pledges in this disclosure period.
This is a routine pledge creation by a single promoter entity to raise a loan, representing a small portion of the promoter group's overall 52.63% stake. The pledged shares (4.01% of total share capital) are well within manageable levels, so promoter control of the company remains unaffected. Shareholders should, however, keep an eye on any future pledge invocations, releases, or large-scale encumbrance changes as warning signs of financial stress in the promoter group.