Smiti Holding and Trading Company Private Limited has filed disclosures regarding the encumbrance of its shares in Asian Paints Limited. The company has reported the creation of pledges on a significant number of Asian Paints shares, totaling approximately 3,86,70,000 shares, representing about 4.03% of its holding. These encumbrances were created between September 16 and September 17, 2026, primarily for availing loans. The filings were made to the BSE and NSE as per SEBI regulations.
Share Encumbrance Disclosure
Smiti Holding and Trading Company Private Limited has submitted formal disclosures to the stock exchanges regarding the encumbrance of its holdings in Asian Paints Limited. This filing is in compliance with Regulation 31(1) and 31(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
Details of Pledged Shares
The disclosures detail the creation of pledges on shares of Asian Paints Limited (BSE Script Code: 500820). As of the reporting date, Smiti Holding and Trading Company Private Limited has reported the creation of pledges for a total of 3,86,70,000 shares. These pledged shares represent approximately 4.03% of the total share capital and 4.03% of the diluted share capital of Asian Paints.
The encumbrances were created in stages between September 16, 2026, and September 17, 2026. The primary reason cited for these pledges is ‘Pledge of shares for loans’. Several financial institutions, including Bajaj Finance Limited, Barclays Investments and Loans (India) Private Limited, Jio Credit Limited, and Tata Capital Limited, are named as the entities in whose favour the shares have been encumbered.
Pre and Post Encumbrance Holdings
Prior to these encumbrances, Smiti Holding held 5,16,06,638 shares, representing 5.38% of the total share capital. Following the creation of these pledges, the post-event holding of encumbered shares amounts to 3,86,70,000 shares, reflecting a change in the pledged portion of the promoter’s stake in Asian Paints.
Source: BSE
