Asian Paints Limited has received a disclosure from Nehal Abhay Vakil, Bhairavi Abhay Vakil and Vivek Abhay Vakil regarding potential share acquisitions. The three individuals filed the declaration on April 6, 2026, stating they have not made any new encumbrances indirectly through Persons Acting in Concert beyond those already disclosed in financial year 2025-26. The submission was made to both BSE and NSE in accordance with SEBI regulations.
The disclosure confirms compliance with SEBI Circular No. SEBI/HO/CFD/DCR1/CIR/P/2019/90 dated August 7, 2019. The filing states that Nehal Abhay Vakil, Bhairavi Abhay Vakil and Vivek Abhay Vakil are classified as Promoter and Promoter Group members respectively under the regulation. The disclosure includes 27 related individuals and entities acting in concert with them.
The list of Persons Acting in Concert comprises family members including Varun Amar Vakil, Amrita Amar Vakil, and others, along with several investment companies like Asteroids Trading and Investments Private Limited, Elcid Investments Limited, and Jalaj Trading & Investment Company Private Limited. All listed persons are categorized as Promoter or Promoter Group members under the regulatory framework.
Asian Paints Limited continues to monitor disclosures from its major stakeholders to ensure transparency in ownership changes. The company's board composition and shareholding pattern remain subject to regular updates through mandatory regulatory filings. The disclosure confirms no new share acquisitions have occurred beyond existing commitments, maintaining transparency for all stakeholders.
Disclaimer: This article is based on company filings submitted to the Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE) and is for informational purposes only. It does not constitute investment advice or a recommendation. Investors should conduct their own research and consult a qualified financial advisor before making investment decisions.