Kansai Paint Co. Ltd. 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.
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Kansai Paint Co. Ltd. (Japan), the promoter of Kansai Nerolac Paints, has submitted a declaration under Regulation 31(4) of the SEBI Takeover Regulations to the exchanges. The promoter confirms that it has never created any encumbrance (pledge, lien, or charge) on its shares in Kansai Nerolac Paints, directly or indirectly, at any time including during FY25. As of 31st March 2025, Kansai Paint holds 60,62,03,847 equity shares of face value Re. 1 each in the company. This is a routine annual disclosure required from promoters regarding the status of encumbrances on their holdings.
This is a neutral-to-positive disclosure for shareholders. The confirmation that the promoter's entire stake is free of any pledge or encumbrance means there is no near-term risk of forced selling or stake dilution due to margin calls. Shareholding stability remains intact.