Asian Paints Promoter Satyen Gandhi Pledges 16.41 Lakh Shares

Satyen A. Gandhi, a promoter of Asian Paints Ltd, has created an encumbrance by pledging 16,41,500 shares, representing 0.17% of the total share capital. This action was taken on September 3rd, 2026, as collateral for a business loan. The disclosure was made to the stock exchanges on September 5th, 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. for 0.20% of the total share capital, and an additional 2,50,000 shares (0.03%) were pledged to an unnamed entity.