Asian Paints announces a change in promoter group shareholding due to the transmission of shares. 429,645 equity shares, representing 0.04% of the total capital, were transmitted to Mr. Vishal Choksi following the demise of Mr. Shailesh Choksi. After this transmission, Mr. Vishal Choksi’s total holding increased to 3,380,865 shares, equivalent to 0.35% of the company’s equity.
Shareholding Update
Asian Paints has disclosed changes in the shareholding of its promoter group following the transmission of shares. As of December 16, 2025, 429,645 equity shares were transmitted to Mr. Vishal Choksi due to the sad demise of Mr. Shailesh Choksi. The transmission was from the holdings of Late Mr. Shailesh Choksi, who was a member of the promoter group.
Details of the Transmission
Prior to the transmission, Mr. Vishal Choksi held 2,951,220 shares, representing 0.31% of the total share/voting capital. Following the transmission of 429,645 shares, his total holding now stands at 3,380,865 shares, which is equivalent to 0.35% of the total share/voting capital of Asian Paints. This transmission represents an increase of 0.04% in his shareholding.
Impact on Equity Structure
The equity share capital/ total voting capital of Asian Paints before and after the said acquisition/sale remains unchanged at 959,197,790. This indicates that the transmission did not alter the overall equity structure of the company. The announcement was made by Mr. Vishal Shailesh Choksi, a member of the Promoter Group of Asian Paints Limited, on December 26, 2025.
Source: BSE
