The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on February 04, 2026 for Smiti Holding and ....
ASIANPAINT · price
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Awaiting price reaction for this filing.
Smiti Holding and Trading Company Private Limited, a promoter entity of Asian Paints, has created fresh pledges on 28,67,000 shares (about 0.30% of total share capital) on February 3, 2026, with four lenders — Tata Capital, Bajaj Finance, Jio Credit, and Barclays Investments. After these pledges, Smiti Holding has 3,53,15,000 shares (3.68% of Asian Paints) encumbered, which is roughly 68% of its own 5.40% holding in the company. The reason given for all pledges is raising loans. The wider promoter group still holds 52.63% of Asian Paints, with overall encumbrance at 4.83% of total share capital.
For retail investors, this means the promoter group is raising debt by pledging their shares — common but worth watching. With Smiti Holding having more than two-thirds of its individual stake pledged, any sharp fall in the stock could increase margin call risk on these loans, which may pressure the share price. However, the overall promoter group remains comfortably above the 50% threshold and no shares have been sold.