Satyen A. Gandhi, a promoter of Asian Paints Limited, has reported the creation of an encumbrance on 18,91,500 shares, representing 0.20% of the total share capital. This encumbrance was created on September 3, 2026, and is described as a pledge made as collateral for a business loan. The disclosure is in compliance with SEBI’s Substantial Acquisition of Shares and Takeovers Regulations, 2011.
Promoter Encumbers Asian Paints Shares
In a regulatory filing, Asian Paints Limited disclosed that promoter Satyen A. Gandhi has created an encumbrance on a portion of his shareholding. The event pertains to the creation of a pledge on 18,91,500 shares of the company.
Details of the Encumbrance
The encumbrance, specifically a pledge, was established on September 3, 2026. These shares represent 0.20% of the total share capital of Asian Paints. The reason provided for this encumbrance is that the shares are being used as collateral for a loan obtained for business purposes.
Following the creation of this pledge, Mr. Gandhi’s post-event holding of encumbered shares stands at 18,91,500, still representing 0.20% of the total share capital. The filing adheres to the requirements of Regulation 31(1) and 31(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
Broader Shareholding Context
The disclosure also includes details of the promoter’s total shareholding in Asian Paints, which amounts to 37,25,954 shares (0.39% of total capital), with a previously encumbered portion of 16,41,500 shares (0.17% of total capital). This update signifies a slight increase in the total encumbered shares by the promoter.
Source: BSE
