diff --git a/include/pybind11/detail/init.h b/include/pybind11/detail/init.h
index aa993f495d..913515c17b 100644
--- a/include/pybind11/detail/init.h
+++ b/include/pybind11/detail/init.h
@@ -37,7 +37,7 @@ class type_caster<value_and_holder> {
 
 PYBIND11_NAMESPACE_BEGIN(initimpl)
 
-inline void no_nullptr(void *ptr) {
+inline void no_nullptr(const void *ptr) {
     if (!ptr) {
         throw type_error("pybind11::init(): factory function returned nullptr");
     }
@@ -61,7 +61,7 @@ bool is_alias(Cpp<Class> *ptr) {
 }
 // Failing fallback version of the above for a no-alias class (always returns false)
 template <typename /*Class*/>
-constexpr bool is_alias(void *) {
+constexpr bool is_alias(const void *) {
     return false;
 }
 
@@ -167,7 +167,12 @@ void construct(value_and_holder &v_h, Holder<Class> holder, bool need_alias) {
                          "is not an alias instance");
     }
 
-    v_h.value_ptr() = ptr;
+    // Cast away constness to store in void* storage.
+    // The value_and_holder storage is fundamentally untyped (void**), so we lose
+    // const-correctness here by design. The const qualifier will be restored
+    // when the pointer is later retrieved and cast back to the original type.
+    // This explicit const_cast makes the const-removal clearly visible.
+    v_h.value_ptr() = const_cast<void *>(static_cast<const void *>(ptr));
     v_h.type->init_instance(v_h.inst, &holder);
 }
 
diff --git a/tests/test_smart_ptr.cpp b/tests/test_smart_ptr.cpp
index 10a65f535f..7d009c9a84 100644
--- a/tests/test_smart_ptr.cpp
+++ b/tests/test_smart_ptr.cpp
@@ -69,6 +69,20 @@ class unique_ptr_with_addressof_operator {
     T **operator&() { throw std::logic_error("Call of overloaded operator& is not expected"); }
 };
 
+// Simple custom holder that imitates smart pointer, that always stores cpointer to const
+template <class T>
+class const_only_shared_ptr {
+    std::shared_ptr<const T> ptr_;
+
+public:
+    const_only_shared_ptr() = default;
+    explicit const_only_shared_ptr(const T *ptr) : ptr_(ptr) {}
+    const T *get() const { return ptr_.get(); }
+
+private:
+    // for demonstration purpose only, this imitates smart pointer with a const-only pointer
+};
+
 // Custom object with builtin reference counting (see 'object.h' for the implementation)
 class MyObject1 : public Object {
 public:
@@ -283,6 +297,7 @@ struct holder_helper<ref<T>> {
 
 // Make pybind aware of the ref-counted wrapper type (s):
 PYBIND11_DECLARE_HOLDER_TYPE(T, ref<T>, true)
+PYBIND11_DECLARE_HOLDER_TYPE(T, const_only_shared_ptr<T>, true)
 // The following is not required anymore for std::shared_ptr, but it should compile without error:
 PYBIND11_DECLARE_HOLDER_TYPE(T, std::shared_ptr<T>)
 PYBIND11_DECLARE_HOLDER_TYPE(T, huge_unique_ptr<T>)
@@ -397,6 +412,11 @@ TEST_SUBMODULE(smart_ptr, m) {
     m.def("print_myobject2_4",
           [](const std::shared_ptr<MyObject2> *obj) { py::print((*obj)->toString()); });
 
+    m.def("make_myobject2_3",
+          [](int val) { return const_only_shared_ptr<MyObject2>(new MyObject2(val)); });
+    m.def("print_myobject2_5",
+          [](const const_only_shared_ptr<MyObject2> &obj) { py::print(obj.get()->toString()); });
+
     py::class_<MyObject3, std::shared_ptr<MyObject3>>(m, "MyObject3").def(py::init<int>());
     m.def("make_myobject3_1", []() { return new MyObject3(8); });
     m.def("make_myobject3_2", []() { return std::make_shared<MyObject3>(9); });
diff --git a/tests/test_smart_ptr.py b/tests/test_smart_ptr.py
index 3c20458755..e1d51ca06c 100644
--- a/tests/test_smart_ptr.py
+++ b/tests/test_smart_ptr.py
@@ -350,3 +350,10 @@ def test_move_only_holder_caster_shared_ptr_with_smart_holder_support_enabled():
     assert (
         m.return_std_unique_ptr_example_drvd() == "move_only_holder_caster_traits_test"
     )
+
+
+def test_const_only_holder(capture):
+    o = m.make_myobject2_3(4)
+    with capture:
+        m.print_myobject2_5(o)
+    assert capture == "MyObject2[4]\n"