Sattva Holding and Trading Private Limited, a promoter entity, has submitted a mandatory disclosure regarding the encumbrance of its shares in Asian Paints Limited as of March 5, 2026. The filing details the creation of a pledge on 5,00,000 equity shares, representing 0.052% of the total paid-up capital. This action was taken on March 2, 2026, with Bajaj Finance Limited named as the beneficiary, serving as collateral for a company loan.
Mandatory Promoter Disclosure Filed
Sattva Holding and Trading Private Limited, identified as a Promoter of Asian Paints Limited, has formally communicated changes regarding the holding of securities to the stock exchanges. This notification, dated March 5, 2026, complies with established disclosure regulations concerning shareholding changes among promoters.
Details of Share Encumbrance Creation
The core of the filing relates to the creation of a Pledge against a portion of the entity’s stake in Asian Paints Limited. Specific details extracted from the disclosure are as follows:
- Type of Event: Creation of Encumbrance (Pledge).
- Date of Event: March 2, 2026.
- Number of Shares Encumbered: 5,00,000 equity shares.
- Percentage of Capital: 0.052% of the total share capital.
- Reason for Encumbrance: The shares were pledged as Collateral for loan taken by the Company.
- Beneficiary/Lender: Bajaj Finance Limited.
Post-Event Shareholding Status
Prior to this creation, Sattva Holding and Trading Private Limited held 5,47,89,183 shares (5.71%). Following the pledging of 5,00,000 shares, the total number of shares held by the entity, including those encumbered, has adjusted. The total shares encumbered across all related promoter groups stand at 4,67,89,727 shares, reflecting 4.88% of the total paid-up capital, while the total holding of the Promoter Group stands at 50,47,85,198 shares (52.63%).
Context of Promoter Group Holdings
The document also provided a comprehensive snapshot of the holdings of the wider promoter and promoter group as of February 27, 2026. It detailed the existing encumbered positions for various members, confirming that the majority of the group’s stake remains unencumbered. For example, the entity Smiti Holding and Trading Company Private Limited had previously pledged 3,53,15,000 shares (3.68%), which remains in the pledged category according to this report.
Source: BSE
