Asian Paints’ promoter group has released encumbrances on 58,000 shares, representing 0.01% of the total share capital. The de-pledging occurred on November 20, 2025. The shares were held as collateral with Julius Baer Capital (India) Private Limited. Post this event, the total number of encumbered shares held by the promoter group is now 12,94,227, which is equivalent to 0.13% of the total share capital.
Encumbrance Release Details
A segment of the promoter group of Asian Paints has reduced the encumbrance on a portion of their holdings. Specifically, 58,000 shares were released from encumbrance on November 20, 2025. This represents approximately 0.01% of the total share capital of the company. The release was executed by Hiren A. Gandhi.
Impact on Promoter Holdings
Following this release, the total number of encumbered shares held by Hiren A. Gandhi amounts to 12,94,227 shares. This revised figure now represents 0.13% of the overall share capital of Asian Paints. The shares had been held with Julius Baer Capital (India) Private Limited.
Remaining Encumbrances
Despite this recent release of encumbrances, several other members of the promoter group still have a portion of their shares encumbered. Smiti Holding and Trading Company Private Limited has 34,830,000 shares encumbered. Sattva Holding and Trading Private Limited has 7,726,000 shares encumbered and Geetanjali Trading and Investments Private Limited with 563,000 encumbered.
Source: BSE
