Smiti Holding and Trading Company Private Limited, a promoter of Asian Paints Limited, has disclosed the encumbrance of 9,17,000 equity shares. This action, classified as a pledge, was made on September 9, 2026, as security for a loan. The shares were pledged in favour of Bajaj Finance Limited, with the post-event holding of encumbered shares standing at 3,59,91,000 shares, representing 3.75% of the total share capital.
Promoter Encumbrance Disclosure
Smiti Holding and Trading Company Private Limited has formally notified the stock exchanges regarding an encumbrance on its holding in Asian Paints Limited. This disclosure, made under the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, details the pledge of a significant number of equity shares.
Key Details of the Encumbrance
The promoter, Smiti Holding and Trading Company Private Limited, has pledged 9,17,000 equity shares of Asian Paints Limited. The event, categorized as a ‘Pledge creation’, occurred on September 9, 2026. This encumbrance was undertaken as security for a loan, with Bajaj Finance Limited being the entity in whose favour the shares have been pledged. Following this event, the promoter’s holding of encumbered shares amounts to 3,59,91,000 shares, which constitutes 3.75% of the total share capital. The initial promoter holding before this pledge was 5.36% of the share capital.
Context of the Disclosure
This announcement is made in compliance with the requirements of Regulation 31(1) and 31(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The disclosure provides transparency on the promoter’s financial arrangements concerning their stake in Asian Paints.
Source: BSE
