Smiti Holding and Trading Company Private Limited, a promoter group entity of Asian Paints, has released encumbrances on a portion of its shares. Between December 17-18, 2025, a total of 66,43,000 shares were released from encumbrance to various financial institutions, including Bajaj Finance and Tata Capital. Following these transactions, the total encumbered shares stand at 3,24,48,000, representing 3.38% of the total share capital.
Details of Share Encumbrance Release
Smiti Holding and Trading Company Private Limited, part of the promoter group of Asian Paints, has reduced its encumbrance on company shares via a series of transactions. These transactions occurred on December 17 and 18, 2025, and involve the release of shares that were previously pledged as collateral for loans.
Specific Transactions
Here’s a breakdown of the released encumbrances:
- December 17, 2025:
- 13,46,000 shares released from Bajaj Finance.
- 8,03,000 shares released from Barclays Investments and Loans (India) Private Limited.
- 29,76,500 shares released from Tata Capital Limited.
- 9,67,500 shares released from Tata Capital Limited through Security Trustee IDBI Trusteeship Services Limited.
- December 18, 2025:
- 5,50,000 shares released from Julius Baer Capital Advisor (India) Private Limited.
Post-Release Encumbrance Status
After these releases, the total number of encumbered shares held by Smiti Holding stands at 3,24,48,000, which constitutes 3.38% of the total share capital of Asian Paints. The initial number of shares held by Smiti Holding was 5,17,67,638, representing 5.40% of the total share capital.
Source: BSE