Asian Paints Promoter Further Adjusts Share Pledges

On September 18, 2025, Smiti Holding and Trading Company Private Limited, a promoter of Asian Paints Limited, reported share encumbrance and release activities. The company created a pledge of 1,000,000 shares for a loan, raising its total encumbered shares to 38,811,000, or 4.05% of the total share capital, with Bajaj Finance Limited as the beneficiary.

Concurrently, Smiti Holding and Trading Company Private Limited also reported releases of 2,981,000 previously encumbered shares across multiple transactions. These involved entities such as Tata Capital Limited, IDBI Trusteeship Services Limited, Julius Baer Capital (India) Private Limited, Bajaj Finance Limited, and Barclays Investments and Loans (India) Private Limited.

Following these activities, Smiti Holding and Trading Company Private Limited's total encumbered shares in Asian Paints Limited stood at 34,830,000 shares, representing 3.63% of the total share capital. The promoter group's overall shareholding in Asian Paints Limited remains at 5.40%.