The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on September 06, 2025 for Satyem A Gandhi
ASIANPAINT · price
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Promoter Satyen A. Gandhi has created a new pledge of 1,00,000 shares (0.01% of total share capital) of Asian Paints Limited, dated 3rd September 2025. The pledge is in favour of Julius Baer Capital (India) Pvt. Ltd. and has been created as collateral for a loan taken for business purposes. Post this event, the promoter's total encumbered shares stand at 13,91,500 (0.15% of total share capital), against a holding of 37,25,954 shares (0.39%). The disclosure also lists encumbrance details of other promoters and promoter group entities.
This is a small pledge creation by an individual promoter for business loan collateral, representing only 0.01% of total share capital. It is unlikely to materially affect the stock price or signal financial distress, though it indicates the promoter is raising funds for business needs.