Asian Paints Restricted obtained approval from each BSE and NSE on February 3, 2025, to reclassify Vijal Holding and Buying and selling Firm Personal Restricted from ‘Promoter Group’ to ‘Public’ class. The corporate’s inventory responded positively, buying and selling at ₹2,331.10, up 1.69 per cent on NSE as of 12.35 pm as we speak.
The reclassification approval comes following Asian Paints’ utility to the inventory exchanges on December 3, 2024, primarily based on a request from Vijal Holding. In response to the regulatory submitting, Vijal Holding at the moment holds no shares within the firm.
The shareholding construction stays 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 Itemizing Obligations and Disclosure Necessities Rules, 2015.
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Asian Paints CFO and Firm Secretary R J Jeyamurugan confirmed that with these approvals, Vijal Holding ceases to be part of the corporate’s Promoter Group. The corporate has knowledgeable each inventory exchanges concerning the improvement by means of official communications.
