The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on March 12, 2026 for Smiti Holding and Trading ....
ASIANPAINT · price
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On the reaction day the stock moved 0.9 pts more than Nifty 100 and 1.9 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 created a pledge on 23,85,000 shares (about 0.25% of total share capital) of Asian Paints on March 11, 2026. The pledge was done in four tranches with Tata Capital (8.55 lakh shares), Bajaj Finance (6.74 lakh shares), Jio Credit (7.15 lakh shares), and Barclays Investments and Loans (1.41 lakh shares), all for raising loans. After these pledges, Smiti Holding has 3,77,00,000 shares (3.93% of total capital) pledged out of its 5,14,42,638 shareholding (5.36%). The total promoter group holds 52.63% of Asian Paints, of which 5.13% is currently encumbered.
This is a routine disclosure of promoter pledging shares as collateral for loans, not a sale or change in ownership. For retail investors, it means a small portion of the promoter's stake now has a lien, but the overall promoter control remains intact at above 52%. Share price is unlikely to be directly affected unless pledging escalates significantly in the future.