Asian Paints Promoter Group Reports Share Transmission Following Demise of HUF Member
Shailesh Chimanlal Choksi HUF has filed regulatory disclosures regarding share transmission following the demise of Mr. Shailesh Chimanlal Choksi, maintaining its 0.18% stake (1,749,690 shares) in Asian Paints under new KARTA Jigish Shailesh Choksi. The transmission, completed on January 2, 2026, was exempt from open offer requirements under SEBI regulations, with no actual share acquisition or disposal occurring during the process.
*this image is generated using AI for illustrative purposes only.
Shailesh Chimanlal Choksi HUF has submitted mandatory regulatory disclosures to stock exchanges following the transmission of shares due to the sad demise of Mr. Shailesh Chimanlal Choksi, a member of Asian Paints Limited's promoter group. The Hindu Undivided Family (HUF) now operates under the kartaship of Jigish Shailesh Choksi, who filed the required disclosures on January 8, 2026.
Share Transmission Details
The transmission involved 1,749,690 equity shares of Asian Paints Limited, completed on January 2, 2026. The HUF's shareholding remains unchanged at 0.18% of the company's total share capital both before and after the transmission.
| Parameter: | Details |
|---|---|
| Shares Transmitted: | 1,749,690 equity shares |
| Shareholding Percentage: | 0.18% |
| Date of Transmission: | January 2, 2026 |
| New KARTA: | Jigish Shailesh Choksi |
| Total Share Capital: | 959,197,790 shares |
Regulatory Compliance
The disclosure was filed under Regulations 29(2) and 10(6) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The transmission qualifies for exemption from open offer requirements under Regulation 10(1)(g) of the SEBI takeover regulations.
| Regulatory Aspect: | Status |
|---|---|
| SEBI Regulation: | 29(2) and 10(6) |
| Exemption Under: | Regulation 10(1)(g) |
| Open Offer Required: | No |
| Prior Disclosure Required: | No |
Shareholding Position
The HUF's shareholding position remained static throughout the transmission process, with no actual acquisition or disposal of shares occurring.
| Holding Details: | Before Transmission | After Transmission |
|---|---|---|
| Voting Rights Shares: | 1,749,690 | 1,749,690 |
| Percentage of Capital: | 0.18% | 0.18% |
| Encumbered Shares: | Nil | Nil |
| Convertible Securities: | Nil | Nil |
Corporate Structure Impact
The transmission represents an internal reorganization within the promoter group structure following the demise of Mr. Shailesh Chimanlal Choksi. The HUF continues as a member of Asian Paints' promoter group under the new kartaship arrangement. Asian Paints Limited's total equity share capital remains at 959,197,790 shares, with no dilution or expansion occurring as a result of this transmission.
The filing confirms compliance with all applicable SEBI regulations governing substantial shareholding disclosures and ensures transparency in promoter group shareholding changes. The transmission process was completed without any market transaction, maintaining the existing ownership structure within the promoter group.
Historical Stock Returns for Asian Paints
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.23% | -0.93% | -4.95% | -0.10% | +1.38% | -28.74% |
15
Access 50+ Readymade Screeners 
Use 200+ Custom Filters 
Get Full Market Insights 
