Asian Paints Ltd. — Major Shareholding Notification 2021

Dec 3, 2021

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December 2, 2021

To,

To,

BSE Limited, The National Stock Exchange of India Corporate Relationship Department, Limited, First Floor, New Trading Ring, Exchange Plaza Rotunda Building, P. J. Towers, Bandra Kurla Complex Dalal Street, Mumbai‐400 001. Bandra (E), Mumbai ‐ 400 051.

Dear Sir/Madam,

Sub: Submission of Disclosure under Regulation 29 (2) of SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011 .

Ref.: Target Company ‐ Asian Paints Limited (Script Code – 500820; SYMBOL – ASIANPAINT) (ISIN No.: INE021A01026)

Please find enclosed the disclosure under Regulation 29 (2) of SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011 in the prescribed format, with respect to the change in shareholding of a person forming part of Promoters and Promoter Group of Asian Paints Limited (Target Company).

The proceeds from sale of shares (net of taxes) of INR 500 Crores will be utilized for reduction of debts of the Company towards adherence of the RBI guidelines as per the primary objective of the sale of shares stated in the Trading Plan.

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Kindly take the submissions on your records and acknowledge the receipt.

Thanking you,

Yours faithfully

For Sattva Holding and Trading Private Limited

Digitally signed by PERCY JAL DAJEE DN: c=IN, o=PERSONAL, PERCY pseudonym=3bb2e191c11530d3bdab9f159ff32ea7d45410bc1b48cf28d9438e45638cacec, postalCode=400007, st=MAHARASHTRA, serialNumber=8668aab5d0219428c1179 JAL DAJEE 92c5fa48c8852adacd0dd8cb2ba119f50c63a428e65, cn=PERCY JAL DAJEE Date: 2021.12.02 19:55:44 +05'30'

Percy J. Dajee CEO & Principal Officer

Encl: A/a

CC:

1. Asian Paints Limited Asian Paints House 6 A Shanti Nagar Santacruz (E), Mumbai – 400 055

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		Disclosures under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.	Disclosures under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.	Disclosures under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.	Disclosures under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.	Disclosures under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.	Disclosures under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
	Name of the Target Company (TC)				Asian Paints Limited
	Name(s) of the acquirer and Persons Acting in Concert (PAC) with the acquirer				Sattva Holding and Trading Private Limited
	Whether the acquirer belongs to Promoter/Promoter group				Yes
	Name(s) of the Stock Exchange(s) where the shares of TC are Listed				BSE NSE
	Details of the acquisition / disposal as follows				Number	% w.r.t.total share/voting capital wherever applicable(*)	% w.r.t. total diluted share/voting capital of the TC ()**
	Before the acquisition under				5,63,88,682 ‐ ‐ ‐ 5,63,88,682	5.88% ‐ ‐ ‐ 5.88%	5.88% ‐ ‐ ‐ 5.88%
	Details of		~~acquired~~/sold		15,99,492	0.17%	0.17%

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	b) VRs acquired /sold otherwise than by shares c) Warrants/convertible securities/any other instrument that entitles the acquirer to receive shares carrying voting rights in the TC (specify holding in each category) acquired/sold d) Shares encumbered / invoked/released by the acquirer e) Total (a+b+c+/‐d)	‐ ‐ ‐ 15,99,492	‐ ‐ ‐ 0.17%	‐ ‐ ‐ 0.17%
	After the	5,47,89,190 ‐ ‐ ‐ 5,47,89,190	5.71% ‐ ‐ ‐ 5.71%	5.71% ‐ ‐ ‐ 5.71%
	Mode of~~acquisition~~/ sale (e.g. open market / off‐ market / public issue / rights issue / preferential allotment / inter‐se transfer etc).	Open Market as per Trading Plan
	Date of sale of shares , whichever is applicable	1stDecember,2021
	Equity share capital / total voting capital of the TC before the said acquisition/sale	95,91,97,790
	Equity share capital/ total voting capital of the TC after the said acquisition/sale	95,91,97,790

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Total diluted share/voting capital of the TC after the 95,91,97,790 said acquisition

Note:

(*) Total share capital/ voting capital to be taken as per the latest filing done by the company to the Stock Exchange under Regulation 31 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

(**) Diluted share/voting capital means the total number of shares in the TC assuming full conversion of the outstanding convertible securities/warrants into equity shares of the TC.

For Sattva Holding and Trading Private Limited

Digitally signed by PERCY JAL DAJEE DN: c=IN, o=PERSONAL, PERCY pseudonym=3bb2e191c11530d3bdab9f159ff32ea7d45410bc1b48cf28d9438e45638cacec, postalCode=400007, st=MAHARASHTRA, serialNumber=8668aab5d0219428c11 JAL DAJEE 7992c5fa48c8852adacd0dd8cb2ba119 f50c63a428e65, cn=PERCY JAL DAJEE Date: 2021.12.02 19:56:37 +05'30'

Percy J. Dajee CEO & Principal Officer

Place: Mumbai Date: 02/12/2021

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