Smiti Holding and Trading Company Private Limited has disclosed an encumbrance of shares in Asian Paints Limited. The disclosure, made under SEBI regulations, pertains to the creation of a pledge on 41,66,000 equity shares representing 0.43% of the total share capital. This action was undertaken for a loan obtained from Bajaj Finance Limited, with the encumbrance becoming effective on August 6, 2026.
Promoter Disclosure on Share Encumbrance
Smiti Holding and Trading Company Private Limited has submitted a disclosure to the stock exchanges concerning its shareholding in Asian Paints Limited. The filing details an encumbrance event related to shares held in the target company, Asian Paints Limited (BSE Script Code: 500820, ISIN: INE021A01026).
Details of Encumbrance
The disclosure, made in accordance with regulations 31(1) and 31(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, reports the creation of a pledge on 41,66,000 equity shares. These shares represent 0.43% of the total share capital. The encumbrance was created on August 6, 2026, for the purpose of securing a loan from Bajaj Finance Limited. Following this event, Smiti Holding’s post-event holding of encumbered shares stands at 4,03,84,000 shares, accounting for 4.21% of the total share capital.
Company and Promoter Details
Smiti Holding and Trading Company Private Limited, the promoter, holds a total of 5,14,42,638 equity shares in Asian Paints, representing 5.36% of the total share capital. The encumbrance was specifically noted against the promoter’s direct holding. The disclosure was made on August 7, 2026.
Source: BSE
