Asian Paints promoters confirm no new encumbrance in FY26
Promoters of Asian Paints Ltd, including the Vakil family and Manish Mahendra Choksi, have confirmed no new encumbrance on shares for FY26. The declarations comply with SEBI regulations and list all associated promoter group entities.

*this image is generated using AI for illustrative purposes only.
Promoters of Asian Paints Ltd have confirmed that they, along with Persons Acting in Concert (PAC), did not create any new encumbrance on their shares during the financial year 2025-26. Separate declarations were submitted by the Vakil family promoter group and promoter Manish Mahendra Choksi. These filings ensure that no additional charges or liens were established beyond those previously disclosed, providing shareholders with transparency regarding the holding status of the promoter group during the specified period.
The filings were made in accordance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. They also confirm adherence to SEBI Circular No. SEBI/HO/CFD/DCR1/CIR/P/2019/90 dated August 7, 2019. The disclosure from the Vakil family was signed by promoters Nehal Abhay Vakil, Bhairavi Abhay Vakil, and Vivek Abhay Vakil on April 06, 2026. Manish Mahendra Choksi submitted his declaration on April 07, 2026.
The declarations list the individuals and entities comprising the promoter and promoter groups. The Vakil family list includes specific family members and various investment and trading companies. Manish Mahendra Choksi's list includes his family members and associated entities such as Castle Investment & Industries Private Limited and Centaurus Trading and Investments Pvt. Ltd.
The following table details the names of the promoters and promoter group entities included in the declarations:
| Name of Person / PAC | Promoter / Promoter Group | Category |
|---|---|---|
| NEHAL ABHAY VAKIL | YES | Promoter |
| LATE ABHAY ARVIND VAKIL | YES | Promoter |
| ABHAY ARVIND VAKIL HUF, KARTA, (VIVEKABHAY VAKIL) | YES | Promoter Group |
| VAKIL HUF, KARTA, (VARUN AMAR VAKIL) | YES | Promoter Group |
| AMRITA AMAR VAKIL | YES | Promoter Group |
| LATE AMAR ARVIND VAKIL | YES | Promoter Group |
| AMAR ARVIND VAKIL HUF, KARTA, (VARUN AMAR VAKIL) | YES | Promoter Group |
| LATE ASHA SUBHASH GUJARATHI | YES | Promoter Group |
| BHAIRAVI ABHAY VAKIL | YES | Promoter |
| DIPIKA AMAR VAKIL | YES | Promoter Group |
| GAYATRI SUBHASH GUJARATHI | YES | Promoter Group |
| HRISHAV VARUN VAKIL | YES | Promoter Group |
| NYRA VARUN VAKIL | YES | Promoter Group |
| RAGINI VARUN VAKIL | YES | Promoter Group |
| VARUN AMAR VAKIL | YES | Promoter Group |
| VIVEK ABHAY VAKIL | YES | Promoter |
| ASTEROIDS TRADING AND INVESTMENTS PRIVATE LIMITED | YES | Promoter Group |
| ELCID INVESTMENTS LIMITED | YES | Promoter Group |
| JALAJ TRADING & INVESTMENT COMPANY PRIVATE LIMITED | YES | Promoter Group |
| LAMBODAR INVESTMENTS AND TRADING COMPANY LIMITED | YES | Promoter Group |
| MURAHAR INVESTMENTS AND TRADING COMPANY LIMITED | YES | Promoter Group |
| NEHAL TRADING AND INVESTMENTS PRIVATE LIMITED | YES | Promoter Group |
| SUPTASWAR INVESTMENTS AND TRADING COMPANY LIMITED | YES | Promoter Group |
| STACK PACK LIMITED | YES | Promoter Group |
| UNNATI TRADING AND INVESTMENTS PRIVATE LIMITED | YES | Promoter Group |
| VIKATMEV CONTAINERS LTD | YES | Promoter Group |
| DIPIKA CHEMICALS PRIVATE LIMITED | YES | Promoter Group |
| MANISH MAHENDRA CHOKSI | YES | Promoter |
| MANISH MAHENDRA CHOKSI KARTA FOR MANISH MAHENDRA CHOKSI HUF | YES | Promoter Group |
| ASHISH ASHWIN CHOKSI | YES | Promoter Group |
| ASHISH ASHWIN CHOKSI KARTA FOR ASHISH ASHWIN CHOKSI HUF | YES | Promoter Group |
| AASHAY ASHISH CHOKSI | YES | Promoter Group |
| AMI MANISH CHOKSI | YES | Promoter Group |
| AMREEN SETHI | YES | Promoter Group |
| ANAY RUPEN CHOKSI | YES | Promoter Group |
| ANANT RAGHUVIR BHAT | YES | Promoter Group |
| ARHAAN ANANT BHAT | YES | Promoter Group |
| ARYAN JIGISH CHOKSI | YES | Promoter Group |
| BINITA ASHISH CHOKSI | YES | Promoter Group |
| DRUHI ASHISH CHOKSI | YES | Promoter Group |
| JIGISH SHAILESH CHOKSI | YES | Promoter Group |
| MAHENDRA CHIMANLAL CHOKSI | YES | Promoter Group |
| MAHENDRA CHIMANLAL CHOKSI KARTA FOR MAHENDRA CHIMANLAL CHOKSI HUF | YES | Promoter Group |
| NYSA RUPEN CHOKSI | YES | Promoter Group |
| PRAFULLIKA SHAILESH CHOKSI | YES | Promoter Group |
| PRIYANKA JIGISH CHOKSI | YES | Promoter Group |
| REHAAN ANANT BHAT | YES | Promoter Group |
| RHEA AMIT SETHI | YES | Promoter Group |
| RICHA MANISH CHOKSI | YES | Promoter Group |
| RITA MAHENDRA CHOKSI | YES | Promoter Group |
| RUPAL ANANT BHAT | YES | Promoter Group |
| RUPEN ASHWIN CHOKSI | YES | Promoter Group |
| JIGISH SHAILESH CHOKSI KARTA FOR SHAILESH CHIMANLAL CHOKSI HUF | YES | Promoter Group |
| URVASHI ASHWIN CHOKSI | YES | Promoter Group |
| VISHAL SHAILESH CHOKSI | YES | Promoter Group |
| CASTLE INVESTMENT & INDUSTRIES PRIVATE LIMITED | YES | Promoter Group |
| CENTAURUS TRADING AND INVESTMENTS PVT.LTD. | YES | Promoter Group |
| DOLI TRADING AND INVESTMENTS PRIVATE LIMITED | YES | Promoter Group |
| ELF TRADING AND CHEMICAL MANUFACTURING PRIVATE LIMITED | YES | Promoter Group |
| JALDHAR INVESTMENTS AND TRADING COMPANY PRIVATE LIMITED | YES | Promoter Group |
| LYON INVESTMENT & INDUSTRIES PRIVATE LIMITED | YES | Promoter Group |
| RIASH RENEWABLE MATERIALS PRIVATE LIMITED | YES | Promoter Group |
| RUPEN INVESTMENT & INDUSTRIES PRIVATE LIMITED | YES | Promoter Group |
| SATYADHARMA INVESTMENTS AND TRADING COMPANY PRIVATE LTD. | YES | Promoter Group |
| SUDHANVA INVESTMENTS AND TRADING COMPANY PRIVATE LIMITED | YES | Promoter Group |
| TRU TRADING AND INVESTMENTS PVT. LIMITED | YES | Promoter Group |
| ACC AP TRUST | YES | Promoter Group |
The documents were addressed to the Corporate Relations Department of BSE Limited and the National Stock Exchange of India Limited. The confirmation covers the financial year 2025-26, reinforcing the regulatory compliance maintained by the company's promoters.
Historical Stock Returns for Asian Paints
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.52% | -0.44% | -0.83% | -3.95% | +13.17% | -11.47% |
How will the absence of new encumbrances impact Asian Paints' ability to raise capital for future expansion or acquisitions?
What are the potential strategic implications for the company given the high number of promoter group entities listed in the declaration?
Could this clean holding status signal a shift in promoter strategy towards maintaining a tighter grip on ownership in the coming years?































