Asian Paints promoter Gandhi pledges more shares for business loan

Satyem A. Gandhi, a promoter of Asian Paints Limited, reported a pledge on 100,000 shares of the company on September 3, 2025. This transaction, disclosed under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, increased his total encumbered shares from 1,291,500 to 1,391,500. The newly pledged shares represent 0.01% of the total share capital, bringing his total encumbered holdings to 0.15% of the company's share capital.

The pledge was executed as collateral for a loan taken for business purposes and was made in favor of Julius Baer Capital (India) Pvt. Ltd. Prior to this event, Gandhi held 3,725,954 shares, constituting 0.39% of Asian Paints' total share capital. The disclosure highlights a change in the encumbrance status of his holdings, as required by regulatory norms.