Smiti Holding and Trading Company Private Limited disclosed an inter-se transfer of equity shares in Asian Paints Limited on February 23, 2026. The transfer, executed via the Block Deal Window Mechanism among entities within the Promoter and Promoter Group, involved 3,25,000 shares. This transaction represents 0.034% of the total share capital, resulting in the acquirer’s post-transaction holding standing at 5.363%. Crucially, the aggregate shareholding of the entire Promoter Group remains unchanged following the sale.
Disclosure of Inter-Se Share Transfer
Smiti Holding and Trading Company Private Limited has formally disclosed details regarding a recent transaction involving the equity shares of the Target Company, Asian Paints Limited (ISIN No.: INE021A01026). The notification adheres to the requirements set forth under Regulation 29(2) concerning Substantial Acquisition of Shares and Takeover Regulations.
The transaction executed was an Inter-se transfer, conducted through the Block Deal Window Mechanism, specifically among entities that form part of the Promoter and Promoter Group of Asian Paints Limited.
Transaction Details and Holdings
Holding Prior to Transaction (Upnishad Holdings Private Limited)
Before the acquisition/inter-se transfer, the acquirer (identified as Upnishad Holdings Private Limited, formerly Upnishad Trustee Advisory Services Private Limited) held:
- Shares carrying voting rights: 5,17,67,638, representing 5.397% of the total capital.
- Total Voting Capital before transaction: 95,91,97,790.
Details of Acquisition/Sale
The details of the shares sold/acquired in the inter-se transfer are as follows:
- Shares carrying voting rights acquired/sold: 3,25,000 shares.
- Percentage change: This represents a change of 0.034% in total share capital.
- Total acquisition/sale amount: 3,25,000 shares (0.034%).
Holding After Transaction
Post-transaction, the holding of the acquirer is:
- Shares carrying voting rights: 5,14,42,638.
- Percentage holding post-transaction: 5.363%.
- Total diluted share/voting capital remains constant at 95,91,97,790.
Regulatory Context
The date of acquisition/sale, or the date of receipt of intimation, was February 23, 2026. It is explicitly noted that since both the Acquirer and the Seller are part of the Promoter and Promoter Group, the aggregate shareholding of the entire Promoter and Promoter Group remains unchanged following this internal restructuring.
Source: BSE
