Nehal Abhay Vakil, Bhairavi Abhay Vakil, Vivek Abhay Vakil has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
ASIANPAINT · price
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Awaiting price reaction for this filing.
Three promoters of Asian Paints — Nehal Abhay Vakil, Bhairavi Abhay Vakil, and Vivek Abhay Vakil — along with all Persons Acting in Concert (the wider promoter group), have filed a declaration with the stock exchanges confirming that they have not created any new encumbrances (such as pledges or liens on shares) during the financial year 2024-25, beyond what has already been disclosed earlier. The declaration covers the entire promoter and promoter group, which includes family members, HUFs, and several private limited companies such as Astroids Trading and Investments, Elcid Investments, Jalaj Trading, Lambodar Investments, and others. The filing was made to comply with Regulation 31(4) of SEBI's Takeover Regulations and the SEBI circular dated August 7, 2019, and was submitted to the Audit Committee of Asian Paints on April 4, 2025.
This is a routine annual compliance filing and is mildly reassuring for shareholders — it confirms that promoters have not pledged additional shares as collateral during the year, signaling that no new financial stress or fundraising through share pledges has occurred at the promoter level.