Asian Paints Limited has received a disclosure from its promoter, Satyen A. Gandhi, detailing the creation of encumbrances on shares. The disclosure, made under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, pertains to the pledge of 2,50,000 shares (0.03% of total share capital) to Julius Baer Capital (India) Pvt. Ltd. This encumbrance was created on August 10, 2026, as collateral for a business loan.
Promoter Encumbrance Disclosure for Asian Paints
Asian Paints Limited has submitted a disclosure regarding the encumbrance of shares held by its promoter, Satyen A. Gandhi. The information, filed in accordance with Regulation 31(1) and 31(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, details specific events of share encumbrance.
Details of Share Encumbrance
According to the disclosure, Satyen A. Gandhi has created an encumbrance by pledging 2,50,000 shares, representing 0.03% of the total share capital. This encumbrance event occurred on August 10, 2026. The shares were pledged as collateral for a business loan provided by Julius Baer Capital (India) Pvt. Ltd.
Post this event, the promoter’s holding remains at 37,25,954 shares (0.39% of total share capital), with the already encumbered portion now standing at 13,91,500 shares (0.15% of total share capital). The post-event holding of encumbered shares after creation is 16,41,500 shares, which constitutes 0.17% of the total share capital.
Scope of Disclosure
The filing encompasses disclosures for various entities and individuals associated with the promoter group, detailing their shareholding and any existing or newly created encumbrances. The format provided includes columns for promoter holding, already encumbered shares, and details of the event such as the type of event, date, type of encumbrance, reasons for encumbrance, number of shares, percentage of share capital, and the entity in whose favour the shares are encumbered.
The disclosure also lists numerous other individuals and entities within the promoter’s circle, along with their respective shareholdings. While many entries show no shares currently encumbered, the document serves as a comprehensive record of the promoter’s financial dealings concerning their shareholding in Asian Paints.
Source: BSE
