News Corporate Actions Sattva Holding Pledges 5,00,000 Asian Paints Shares to Bajaj Finance as Loan CollateralSattva Holding Pledges 5,00,000 Asian Paints Shares to Bajaj Finance as Loan Collateral
Sattva Holding and Trading Private Limited pledged 5,00,000 Asian Paints shares to Bajaj Finance Limited as loan collateral on March 2, 2026. This increased the promoter entity's total encumbered shareholding to 82,26,000 shares (0.858% of total capital). Sattva Holding maintains 5,47,89,183 shares (5.71%) in Asian Paints, while the entire promoter group holds 52.63% of the paint manufacturer's total share capital.
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Asian Paints promoter entity Sattva Holding and Trading Private Limited has pledged an additional 5,00,000 equity shares of the paint manufacturer to Bajaj Finance Limited as loan collateral. The pledge was created on March 2, 2026, with the disclosure filed to stock exchanges on March 5, 2026, pursuant to SEBI's Substantial Acquisition of Shares and Takeovers (SAST) regulations.
Share Pledge Details
The latest pledge transaction has increased Sattva Holding's total encumbered shareholding in Asian Paints significantly. The company's encumbrance position shows a clear progression in its financing activities.
| Parameter: | Details |
|---|---|
| Shares Pledged: | 5,00,000 |
| Pledge Date: | March 2, 2026 |
| Beneficiary: | Bajaj Finance Limited |
| Purpose: | Collateral for loan taken by the Company |
| Type of Encumbrance: | Pledge |
Updated Shareholding Position
Following this pledge creation, Sattva Holding's encumbered shareholding in Asian Paints has reached substantial levels. The promoter entity maintains a significant stake in the paint manufacturer while utilizing a portion as collateral.
| Metric: | Current Position | Percentage of Total Capital |
|---|---|---|
| Total Holding: | 5,47,89,183 shares | 5.71% |
| Previously Encumbered: | 77,26,000 shares | 0.805% |
| New Pledge: | 5,00,000 shares | 0.052% |
| Total Encumbered: | 82,26,000 shares | 0.858% |
Promoter Group Overview
The disclosure also provides comprehensive details of the entire promoter group's shareholding in Asian Paints. The promoter group collectively holds 50,47,85,198 shares, representing 52.63% of the company's total share capital. Among the promoter group entities, several maintain significant individual stakes:
- Smiti Holding and Trading Company Private Limited: 5,14,42,638 shares (5.36%)
- Geetanjali Trading and Investments Private Limited: 4,57,06,140 shares (4.77%)
- Elcid Investments Limited: 2,83,13,860 shares (2.95%)
- Shubhit Holdings Private Limited: 2,31,50,730 shares (2.41%)
Regulatory Compliance
The disclosure was made under Regulation 31(1) and 31(2) of the SEBI SAST Regulations 2011, which mandate promoters to inform stock exchanges about any encumbrance creation, invocation, or release on their shareholdings. Sattva Holding, formerly known as Isis Holding and Trading Company Private Limited, filed the disclosure through its CEO, CFO & Principal Officer Percy Dajee.
Total Group Encumbrance
Across the entire promoter group, the total encumbered shareholding stands at 4,67,89,727 shares, representing 4.88% of Asian Paints' total share capital. This includes encumbrances by various promoter entities, with Smiti Holding and Trading Company Private Limited holding the largest encumbered position at 3,53,15,000 shares (3.68% of total capital).
The pledge arrangement reflects the promoter group's financing strategies while maintaining their substantial ownership in one of India's leading paint manufacturers. Asian Paints shares are listed on both BSE Limited and National Stock Exchange of India Limited.
Historical Stock Returns for Asian Paints
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.71% | -3.80% | -5.27% | -10.69% | +6.46% | -3.48% |
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