Smiti Holding and Trading Company Private Limited announced the release of encumbrance on 1,400,000 shares of Asian Paints Limited on September 15, 2025. This release pertains to shares that were previously pledged for a loan. Post-release, the total number of encumbered shares held by Smiti Holding stands at 37,811,000, representing 3.94% of the total share capital.
Encumbrance Release Details
On September 15, 2025, Smiti Holding and Trading Company Private Limited released encumbrances on 1,400,000 shares of Asian Paints Limited. The shares had been pledged as collateral for a loan, now repaid leading to the release.
Post-Release Encumbrance Status
Following this release, the total number of Asian Paints shares under encumbrance by Smiti Holding amounts to 37,811,000. This represents 3.94% of the total share capital of Asian Paints. The encumbrance is in favor of Citicorp Finance (India) Limited.
Promoter Holding Overview
Smiti Holding’s total holding in Asian Paints remains at 51,767,638 shares, which accounts for 5.40% of the company’s total share capital. Other promoter and promoter group entities, including Nehal Abhay Vakil and others, also hold shares in Asian Paints. The aggregate promoter group holding is 504,785,198 shares, representing 52.63% of Asian Paints’ share capital, with 48,843,727 shares encumbered.
Source: BSE
