Smiti Holding Encumbers 28 Lakh Asian Paints Shares for Loan Purposes

Smiti Holding and Trading Company Private Limited, a promoter of

ints, has created an encumbrance on 28 lakh equity shares of the company on September 10, 2025, as per a regulatory filing. The encumbrance was established in favor of Citicorp Finance (India) Limited to secure a loan. Before this transaction, Smiti Holding held 5,17,67,638 shares, equivalent to 5.40% of Asian Paints' total share capital. Of these, 3,64,11,000 shares, representing 3.80% of the share capital, were already encumbered. With the addition of the 28 lakh shares, the total number of encumbered shares held by Smiti Holding now stands at 3,92,11,000, accounting for 4.09% of Asian Paints' total share capital. This move reflects the promoter's strategic financial decision to leverage its shareholding for loan purposes, while maintaining its significant stake in the company.