The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on September 10, 2025 for Smiti Holding and ....
ASIANPAINT · price
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On the reaction day the stock moved 1.1 pts less than Nifty 100 and 0.8 pts less 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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Asian Paints promoter group entity Smiti Holding and Trading Company Private Limited has created a new pledge on 28,00,000 shares (0.29% of total share capital) with Citicorp Finance (India) Limited on September 10, 2025. The encumbrance was created to secure a loan taken by the company. After this pledge, Smiti Holding's total encumbered shares stand at 3,92,11,000 (4.09% of share capital) against its total holding of 5.40%. For the entire promoter group, total holdings remain at 52.63% with 5.24% of shares currently encumbered, up marginally from 1.15% before this transaction.
This is a routine loan-related pledging disclosure and not a major concern, as the pledged portion remains small relative to the strong promoter group holdings of 52.63%. Retail investors should monitor if further pledging occurs or if any pledged shares are invoked in the future.