Asian Paints Ltd. — Major Shareholding Notification 2021

Sep 20, 2021

SATYEN ASHWIN GANDHI

29, Kunj Society, B/h. Milan Kunj Plot, Alkapuri, Vadodara – 390 007

DATE: 18[th] Sept., 2021

To,

The Bombay Stock Exchange Limited, Corporate Relationship Department, First Floor, New Trading Ring, Rotunda Building, P. J. Towers, Dalal Street, Mumbai-400001.

Dear Sir,

Sub: Revised Declarations under regulation 29(2) of the SEBI (SAST) Regulations, 2011

Ref.: Target Company - Asian Paints Limited (BSE – Script Code – 500820) (ISIN No.: INE021A01026)

Pursuant to the regulation 29(2) of the SEBI (Substantial Acquisition of Share and Takeovers) Regulations 2011, please find enclosed revised disclosure with respect to the change in the shareholding of a person forming part of Promoter Group of Asian Paints Limited (Target Company).

I have submitted Disclosure under regulation 29(2) of the SEBI (SAST) Regulations, 2011 via email on 15[th] Sept., 2021, but due to some typographical error in “Equity share capital / total voting capital of the TC before the said ~~acquisition~~ / sale/ Equity share capital/ total voting capital of the TC after the said ~~acquisition~~ / sale/ Total diluted share/voting capital of the TC after the said acquisition”, I am herewith submitting revised disclosure with request to take the same on record.

Thanking you, Yours faithfully

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(Satyen A. Gandhi)

Encl: As above.

SATYEN ASHWIN GANDHI

29, Kunj Society, B/h. Milan Kunj Plot, Alkapuri, Vadodara – 390 007

Format of Disclosures under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011

Part‐A‐ Details of the Acquisition

INameoftheTarget Company(TC)	ASIAN PAINTS LTD.	ASIAN PAINTS LTD.	ASIAN PAINTS LTD.
Name(s)of theacquirerandPersonsActingin Concert (PAC) with the acquirer	MR. SATYEN ASHWIN GANDHI (Client ID- 70001084)
Whether the acquirerbelongstoPromoter/Promoter group	YES
Name(s) ofthe Stock Exchange(s) wherethesharesof TC areListed	NATIONAL STOCK EXCHANGE BOMBAY STOCK EXCHANGE
Details of theacquisition/disposal asfollows	Number	%w.r.t. total share/voting capital wherever	%w.r.t.totaldiluted share/votingcapital of the TC (**)
Beforethe acquisition under consideration, holding of: a) Sharescarryingvoting rights b) Sharesin thenature of encumbrance(pledge/l ien/ non‐disposal undertaking/ others) c) Votingrights(VR)otherwise than by equityshares d) Warrants/convertible securities/any other instrument thatentitles theacquirer to receive shares carrying votingrightsinthe TC (specifyholding in eachcategory) e) Total(a+b+c+d)	2306600 2306600	0.24 0.24	0.24 0.24
Details of acquisition/~~sale~~ a) Shares carryingvotingrightsacquired b) VRsacquired otherwisethanby equityshares c) Warrants/convertiblesecurities/any other instrumentthat entitles theacquirer to receive shares carrying voting rightsinthe TC (specify holdingineach category) acquired d)Sharesin thenatureofencumbrance(pledge/ lien/non‐disposal undertaking/ others) e) Total(a+b+c+/‐d)	1419340 1419340	0.15 0.15	0.15 0.15

SATYEN ASHWIN GANDHI

29, Kunj Society, B/h. Milan Kunj Plot, Alkapuri, Vadodara – 390 007

Afterthe acquisition/~~sale,~~ holding of: a) Shares carryingvotingrights b) Shares encumbered with the acquirer c) VRsotherwise than by equityshares d) Warrants/convertiblesecurities/any other instrumentthatentitlesthe acquirertoreceive shares carryingvotingrightsin theTC(specify holdingineach category) after acquisition e) Total(a+b+c+/d)	3725940 3725940	0.39 0.39	0.39 0.39
Mode of acquisition /~~sale~~(e.g. open market / off‐ market / public issue / rights issue / preferential allotment / inter‐se transfer etc).	Acquisition by way of Inter‐se transfer amongst the persons forming part of Promoter and Promoter Group of Asian Paints Limited through Off Market
Date of acquisition /~~sale~~of shares / VR or date of receipt of intimation of allotment of shares, whichever is applicable	13thSeptember, 2021
Equity share capital / total voting capital of the TC before the said acquisition /~~sale~~	95,91,97,790 equity shares of Re. 1 each.
Equity share capital/ total voting capital of the TC after the said acquisition /~~sale~~	95,91,97,790 equity shares of Re. 1 each.
Total dilutedshare/votingcapital oftheTCafterthe said acquisition	95,91,97,790 equity shares of Re. 1 each.

(*) Total share capital/ voting capital to be taken as per the latest filing done by the company to the Stock Exchange under Clause 35 of the listing Agreement.

(**) 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.

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SATYEN ASHWIN GANDHI

Place: Vadodara

Date:

18/09/2021