Smiti Holding and Trading Company Private Limited declared changes in share encumbrances related to Asian Paints Limited. A total of 10,00,000 shares were newly encumbered. Additionally, 29,81,000 shares were released from encumbrance across various financial institutions, resulting in a net decrease of encumbered shares. The declarations are as of September 18, 2025.
Share Encumbrance Update
Smiti Holding and Trading Company Private Limited announced changes regarding the encumbrance of shares in Asian Paints Limited. The announcement, dated September 18, 2025, details both the creation and release of encumbrances.
Details of Encumbrance Creation
10,00,000 shares, representing 0.10% of the total share capital, were newly encumbered on September 18, 2025. This encumbrance was in the form of a pledge to Bajaj Finance Limited. The reason cited for the encumbrance was to secure a loan.
Details of Encumbrance Release
On September 18, 2025, a total of 29,81,000 shares were released from encumbrance across multiple institutions. These releases are broken down as follows:
Tata Capital Limited: 13,30,000 shares released.
Tata Capital Limited through Security Trustee IDBI Trusteeship Services Limited: 17,50,000 shares released.
Julius Baer Capital (India) Private Limited: 3,52,000 shares released.
Bajaj Finance Limited: 4,00,000 shares released.
Barclays Investments and Loans (India) Private Limited: 1,49,000 shares released.
Post-Event Encumbrance
Following these transactions, the total number of shares encumbered by Smiti Holding stands at 3,48,30,000, which is 3.63% of the total share capital.
Source: BSE
