Asian Paints Promoter Group Executes Inter-se Transfer of 3.25 Lakh Shares
Upnishad Holdings Private Limited has acquired 3.25 lakh equity shares of Asian Paints Limited through an inter-se transfer from Smiti Holding and Trading Company Private Limited via block deal window mechanism on February 23, 2026. The transaction increased Upnishad Holdings' stake from 0.393% to 0.427%, while Smiti Holding's stake decreased from 5.397% to 5.363%, with the overall promoter group shareholding remaining unchanged.
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Upnishad Holdings Private Limited has acquired 3,25,000 equity shares of Asian Paints Limited through an inter-se transfer from fellow promoter group entity Smiti Holding and Trading Company Private Limited. The transaction was executed on February 23, 2026, through the block deal window mechanism.
Transaction Details
The share transfer represents a strategic reallocation within the promoter group structure of Asian Paints Limited. The transaction was disclosed pursuant to Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
| Parameter | Details |
|---|---|
| Shares Transferred | 3,25,000 |
| Transaction Value (% of total capital) | 0.034% |
| Transfer Method | Block Deal Window Mechanism |
| Transaction Date | February 23, 2026 |
| Acquirer | Upnishad Holdings Private Limited |
| Transferor | Smiti Holding and Trading Company Private Limited |
Shareholding Changes
The transaction resulted in changes to both entities' stakes in Asian Paints Limited:
Upnishad Holdings Private Limited
| Holding Period | Number of Shares | Percentage Holding |
|---|---|---|
| Before Transfer | 37,73,430 | 0.393% |
| After Transfer | 40,98,430 | 0.427% |
| Change | +3,25,000 | +0.034% |
Smiti Holding and Trading Company Private Limited
| Holding Period | Number of Shares | Percentage Holding |
|---|---|---|
| Before Transfer | 5,17,67,638 | 5.397% |
| After Transfer | 5,14,42,638 | 5.363% |
| Change | (3,25,000) | (0.034%) |
Regulatory Compliance
Upnishad Holdings Private Limited, formerly known as Upnishad Trustee Advisory Services Private Limited, filed the necessary disclosure documentation with both the National Stock Exchange of India Limited and BSE Limited on February 25, 2026. The company operates under CIN: U66309MH2023PTC399500.
Company Structure Impact
The transaction involves entities within the promoter and promoter group of Asian Paints Limited. The total equity share capital of Asian Paints Limited remains unchanged at 95,91,97,790 shares. The inter-se transfer maintains the overall promoter group shareholding, with no impact on the aggregate promoter stake. Such transactions are common among promoter group entities for portfolio optimization and strategic realignment purposes.
Historical Stock Returns for Asian Paints
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.18% | -1.81% | -11.68% | -4.21% | +7.34% | +0.60% |
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