Smiti Holding alters Asian Paints share encumbrances, adds new pledge

Smiti Holding and Trading Company Private Limited, a promoter of Asian Paints Limited, disclosed significant movements in its shareholdings. On December 17, 2025, the company reported the release of 2,151,000 shares from encumbrance with Bajaj Finance Limited, reducing the previously encumbered shares to 36,349,000, representing 3.79% of the total share capital. Additionally, 473,000 shares were released from Julius Baer Capital Advisor (India) Private Limited, resulting in 35,876,000 encumbered shares, or 3.74%.

Concurrently, Smiti Holding announced a new pledge of 3,215,000 shares to Jio Credit Limited on December 16, 2025, for securing loans. This pledge brings the total encumbered shares held by Smiti Holding to 39,091,000, amounting to 4.08% of Asian Paints' total share capital. The total promoter group's encumbered shares stand at 50,065,727, which is 5.22% of the total share capital, out of a total holding of 5,047,85,198 shares or 52.63%.