Vishal Choksi, a member of the promoter group of Asian Paints, increased his stake in the company to 0.35% through the transmission of shares after the demise of Shailesh Choksi. The transaction involved the acquisition of 429,645 shares on December 16, 2025. This adjustment reflects an internal transfer within the promoter group, ensuring continuity of shareholding.
Shareholding Adjustment
Vishal Shailesh Choksi, a member of the Promoter Group at Asian Paints Limited, has increased his shareholding in the company. This increase is due to the transmission of shares following the passing of another promoter group member, Shailesh Chimanlal Choksi. The disclosure was made on December 26, 2025.
Details of the Transaction
The transaction involved the acquisition of 429,645 shares, which translates to approximately 0.04% of the total share/voting capital. This acquisition increased Vishal Choksi’s total holding to 3,380,865 shares, representing 0.35% of the total share/voting capital of Asian Paints. The effective date of the share acquisition is December 16, 2025.
Impact on Share Capital
Before and after the acquisition, the equity share capital/ total voting capital of Asian Paints remained constant at 959,197,790. This indicates that the transaction was purely a transfer of existing shares rather than the issuance of new shares. This ensures no dilution effect of existing equity share.
Source: BSE
