Smiti Holding and Trading Company Private Limited has filed a disclosure regarding the release of encumbrances on its shares in Asian Paints Limited. The filing, dated August 14, 2026, pertains to the release of 61,67,000 shares, previously pledged as collateral. This action adjusts the promoter’s pledged shareholding and is in compliance with SEBI (SAST) Regulations.
Disclosure on Share Encumbrance
Smiti Holding and Trading Company Private Limited has submitted a mandatory disclosure concerning its shareholding in Asian Paints Limited. The announcement, dated August 14, 2026, details the release of encumbrances on a significant portion of its shares. This regulatory filing adheres to the requirements under Regulation 31(1) and 31(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
Details of Share Release
Specifically, Smiti Holding and Trading Company Private Limited reported the release of 61,67,000 equity shares. These shares were held under encumbrance, with the release event occurring on August 14, 2026. The shares were originally pledged as collateral for a loan, with Tata Capital Limited, through its Security Trustee IDBI Trusteeship Services Limited, noted as the entity in whose favour the shares were previously encumbered. Following this release, Smiti Holding’s post-event holding of encumbered shares in Asian Paints Limited has been updated.
Compliance and Next Steps
The disclosure also outlines the company’s total promoter holding in Asian Paints Limited, reflecting the changes post-release. Smiti Holding and Trading Company Private Limited has requested that the stock exchanges and the target company, Asian Paints Limited, take this information on record. This action is part of ongoing compliance with SEBI regulations pertaining to promoter shareholdings and encumbrances.
Source: BSE
