Geetanjali Trading and Investments Private Limited, a promoter group entity of Asian Paints, has submitted a formal Trading Plan under SEBI regulations. The plan details the intent to pledge 12,50,000 Equity Shares and subsequently purchase 4,00,000 Equity Shares of Asian Paints over two tranches. The transactions are scheduled for July and August 2026, with a specified upper purchase price limit of Rs. 2650 per share.
Insider Trading Plan Submission Details
Asian Paints Limited has formally announced the receipt and approval of a Trading Plan submitted by Geetanjali Trading and Investments Private Limited (“Geetanjali”), which is identified as a constituent of the Promoter(s) Group.
The plan was received on March 17, 2026, and subsequently approved by Asian Paints on March 19, 2026, in compliance with the applicable provisions of the PIT Regulations and the Company’s Code of Conduct.
Key Components of the Trading Plan
Geetanjali, which currently holds a 4.77% stake in Asian Paints and is registered as a Core Investment Company (CIC), intends to execute the following transactions:
Transaction I: Share Pledge
- Nature: Pledge of Equity Shares of Asian Paints Limited (APL).
- Quantity: 12,50,000 Equity Shares (in a single tranche).
- Trading Period: July 20, 2026, to July 24, 2026.
- Upper Price Limit: Not Applicable.
Transaction II: Share Purchase
The entity plans to make additional investments through two separate purchase tranches:
- Tranche I Quantity: 2,00,000 (Two lakhs) Equity Shares.
- Tranche I Period: July 27, 2026, to July 31, 2026.
- Tranche II Quantity: 2,00,000 (Two lakhs) Equity Shares.
- Tranche II Period: August 17, 2026, to August 21, 2026.
- Upper Purchase Price Limit: Rs. 2650 per share. This limit was derived from the closing price on the NSE as of March 16, 2026.
Background and Authorization
The decision to proceed with this plan was formalized following a Board Meeting of Geetanjali held on February 20, 2026. The resolution authorized the pledge of the 12,50,000 shares and the purchase of an aggregate of 4,00,000 Equity Shares to strengthen its strategic investment in Asian Paints.
The approved Trading Plan has been made available on the Company’s website for public dissemination.
Source: BSE
