Asian Paints Promoter Smiti Holding Pledges 3.78 Cr Shares

Smiti Holding and Trading Company Private Limited, a promoter of Asian Paints Limited, has disclosed the creation of an encumbrance (pledge) on 3,62,18,000 equity shares, representing 3.78% of the total share capital. This pledge was created on August 6, 2026, for a loan from Bajaj Finance Limited. The disclosure was made on August 7, 2026, under SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. Smiti Holding's total promoter holding in Asian Paints is 5,14,42,638 shares (5.36% of total share capital).