Asian Paints promoter releases significant block of pledged shares

Hiren A. Gandhi, a promoter of Asian Paints Limited, announced the release of 58,000 previously pledged shares on November 20, 2025. This action reduces his total pledged shares to 1,294,227, representing 0.13% of the total share capital, down from 0.14%. The released shares were part of a pledge against a loan from Julius Baer Capital (India) Private Limited.

Before this release, Hiren A. Gandhi held 3,706,265 shares, amounting to 0.39% of Asian Paints' total share capital. The disclosure, dated November 26, 2025, was made pursuant to SEBI regulations.

The announcement was formally submitted to both the Bombay Stock Exchange Limited and the National Stock Exchange of India Limited, where Asian Paints Limited shares are listed.