Smiti Holding and Trading Company Private Limited has submitted a disclosure regarding the encumbrance, invocation, and release of shares in Asian Paints Limited. The filing covers events between June 11, 2026, and June 15, 2026. Key transactions include the creation of a pledge for shares, followed by subsequent releases. The company provided details on the number of shares, percentage of share capital involved, and the entities involved in these transactions.
Share Encumbrance Disclosure Filed
Smiti Holding and Trading Company Private Limited has formally lodged a disclosure concerning encumbrances on shares of Asian Paints Limited. This submission is in compliance with SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, specifically under regulations 31(1) and 31(2). The disclosure details events related to the creation, invocation, and release of pledged equity shares of Asian Paints Limited.
Transaction Details
The reporting period for these transactions spans from June 11, 2026, to June 15, 2026. On June 11, 2026, Smiti Holding created a pledge of 11,47,000 shares, representing 0.12% of the share capital, for a loan with Jio Credit Limited. Subsequently, on June 15, 2026, there were multiple releases of encumbered shares. A release of 6,20,000 shares (0.06%) was made in favor of Barclays Investments and Loans (India) Private Limited. Further releases included 13,34,000 shares (0.14%) to Tata Capital Limited through Security Trustee IDBI Trusteeship Services Limited, and another release of shares (amounting to 12,81,000 shares or 0.13%) to Bajaj Finance Limited.
Post-Event Shareholding
Following these transactions, the total number of shares held by Smiti Holding and Trading Company Private Limited in Asian Paints Limited amounts to 5,14,42,638 shares, constituting 5.36% of the total share capital. The post-event holding of encumbered shares is reported as 3,62,18,000 shares, which is 3.78% of the total share capital.
Additional Information
The disclosure was made by Smiti Holding and Trading Company Private Limited, with Vita Jalaj Dani signing as the Authorised Signatory/Director. The report was dated June 15, 2026. Copies of this disclosure have been provided to the BSE Limited, the National Stock Exchange of India Limited, and Asian Paints Limited.
Source: BSE
