The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on June 06, 2025 for Satyen A. Gandhi
ASIANPAINT · price
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Satyen A. Gandhi, a promoter of Asian Paints Limited, has disclosed the creation of a new pledge on 12,51,500 shares (0.13% of total share capital) on June 6, 2025, as collateral for a business loan from Kotak Mahindra Bank. His total promoter holding stands at 37,25,954 shares (0.39% of the company). The filing is made under SEBI SAST Regulations 31(1) and 31(2) covering all promoter group entities and their shareholding. The disclosure is procedural and part of regular regulatory reporting on encumbrance of promoter shares.
This is a routine pledge creation for personal/business borrowing purposes, involving a very small portion of the promoter holding (0.13%). It is unlikely to have any meaningful impact on the stock price or shareholder concerns, though any significant increase in pledged shares by promoters is generally tracked as a risk indicator.