The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on December 19, 2025 for Smiti Holding and ....
ASIANPAINT · price
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On the reaction day the stock moved 0.3 pts less than Nifty 100 and 0.5 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 Private Limited, a promoter entity of Asian Paints, has released 66,43,000 pledged shares (about 0.69% of total share capital) between December 17 and 18, 2025. The release was done in five separate tranches to lenders including Bajaj Finance (13.46 lakh shares), Barclays Investments (8.03 lakh), Tata Capital (29.77 lakh), Tata Capital through IDBI Trusteeship (9.68 lakh), and Julius Baer Capital Advisor (5.50 lakh). As a result, Smiti Holding's encumbered holding dropped from 4.08% to 3.38% of share capital. Total promoter group encumbrance now stands at 4.53% (4.34 crore shares), while the overall promoter and promoter group holding remains steady at 52.63% of Asian Paints.
Pledge release is generally viewed as a positive signal, indicating reduced financial leverage and lower risk of forced selling by promoters. No change in promoter ownership — only the encumbrance on existing shares was freed — so near-term stock impact should be limited but sentiment-friendly.