Smiti Holding and Trading Company Private Limited has reported the creation of a pledge on 10,42,000 equity shares of Asian Paints Limited. This action, representing 0.11% of the share capital, was executed on August 26, 2026, as a pledge for a loan. The post-event holding shows 3,52,59,000 shares still pledged, accounting for 3.68% of the total share capital.
Promoter Share Pledge Disclosed
Smiti Holding and Trading Company Private Limited has filed a disclosure regarding the encumbrance of shares in Asian Paints Limited. As per the report dated August 26, 2026, the promoter has created a pledge on 10,42,000 equity shares of the target company. This action was undertaken for a loan, as indicated by the ‘Pledge of shares for loan’ reason cited in the filing.
Details of Encumbrance
The encumbrance specifically involves the creation of a pledge, with the shares pledged in favour of Jio Credit Limited. This transaction represents 0.11% of Asian Paints Limited’s total share capital. Following this creation event, Smiti Holding’s post-event holding of encumbered shares stands at 3,52,59,000, which constitutes 3.68% of the total share capital.
Promoter Holding Overview
The disclosure also provides a snapshot of the promoter’s overall shareholding in Asian Paints. Smiti Holding and Trading Company Private Limited, along with its associated entities, holds a significant number of shares. The total promoter holding before any encumbrance events is detailed, highlighting the substantial stake maintained by the promoter group in the target company.
Source: BSE
