Asian Paints Promoter Satyen Gandhi Pledges 13.91 Lakh Shares

Satyen A. Gandhi, a promoter of Asian Paints Limited, has created an encumbrance by pledging 13,91,500 shares, representing 0.15% of the total share capital. This action was taken on August 10, 2026, as collateral for a business loan. The disclosure was made to the stock exchanges on August 11, 2026, in accordance with SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. The shares were pledged in favour of Julius Baer Capital (India) Pvt. Ltd. This event impacts the promoter's direct holding and creates a lien on a portion of their stake in the company.