Asian Paints gets Stock Exchange nod for Promoter Group reclassification
Asian Paints Limited received approval from both BSE and NSE on February 3, 2025, to reclassify Vijal Holding and Trading Company Private Limited from ‘Promoter Group’ to ‘Public’ category. The company’s stock responded positively, trading at ₹2,331.10, up 1.69 per cent on NSE as of 12.35 pm today.
The reclassification approval comes following Asian Paints’ application to the stock exchanges on December 3, 2024, based on a request from Vijal Holding. According to the regulatory filing, Vijal Holding currently holds no shares in the company.
The shareholding structure remains unchanged post-reclassification, with promoter holding staying at 52.63 per cent and public holding at 47.32 per cent. This reclassification is in accordance with Regulation 31A(8) of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.
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Asian Paints CFO and Company Secretary R J Jeyamurugan confirmed that with these approvals, Vijal Holding ceases to be a part of the company’s Promoter Group. The company has informed both stock exchanges about the development through official communications.
