Smiti Holding and Trading Company Private Limited, a promoter of Asian Paints, has created an encumbrance on 28 lakh equity shares of the company on September 10, 2025.
According to a regulatory filing, Smiti Holding created the encumbrance in favor of Citicorp Finance (India) Limited. The pledge was created for loan purposes.
Prior to this encumbrance, Smiti Holding held 5,17,67,638 shares, representing 5.40% of the total share capital. Of these, 3,64,11,000 shares, or 3.80% of the share capital, were already encumbered.
Following the creation of the encumbrance, the total number of encumbered shares held by Smiti Holding stands at 3,92,11,000, representing 4.09% of the total share capital.
Collectively, the total promoter group holds 50,47,85,198 shares, amounting to 52.63% of the total share capital. Out of these, 5,02,43,727 shares, or 5.24% of the share capital, are encumbered.
| Particulars | Details |
|---|---|
| Promoter Group | Smiti Holding and Trading Company Private Limited |
| Number of Shares Encumbered | 28,00,000 |
| Date of Encumbrance | September 10, 2025 |
| Entity in favor | Citicorp Finance (India) Limited |
| Reason | Pledge of shares for loan |
| Total Encumbered Shares After Event | 3,92,11,000 |
| % of share capital | 4.09% |
Following the creation of the encumbrance, the total number of encumbered shares held by Smiti Holding stands at 3,92,11,000, representing 4.09% of the total share capital.
Asian Paints share price has gained about 11% so far this year, since January. The stock was trading flat on Friday morning.
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