Asian Paints Ltd. — Major Shareholding Notification 2021

Sep 20, 2021

HIREN ASHWIN GANDHI

50, Antica Greenwoods,

Ankodiya Khanpur Road, Ankodiya, Vadodara – 391 330

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 14[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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(Hiren A. Gandhi)

Encl: As above.

HIREN ASHWIN GANDHI 50, Antica Greenwoods, Ankodiya Khanpur Road, Ankodiya, Vadodara – 391 330

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. HIREN ASHWIN GANDHI (Client ID- 30024477)
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)	2306515 2306515	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)	1399750 1399750	0.15 0.15	0.15 0.15

HIREN ASHWIN GANDHI

50, Antica Greenwoods, Ankodiya Khanpur Road, Ankodiya, Vadodara – 391 330

3706265 0.39 0.39 After the acquisition/ ~~sale,~~ holding of: a) Shares carrying voting rights b) Shares encumbered with the acquirer c) VRs otherwise than by equity shares d) Warrants/convertible securities/any other instrument that entitles the acquirer to receive shares carrying voting rights in the TC (specify holding in each category) after acquisition e) Total (a+b+c+/d) Mode of acquisition / ~~sale (~~ e.g. open market / off‐ Acquisition by way of Inter‐se transfer market / public issue / rights issue / preferential amongst the persons forming part of allotment / inter‐se transfer etc). Promoter and Promoter Group of Asian Paints Limited through Off Market Date of acquisition / ~~sale~~ of shares / VR or date of 13[th] September, 2021 receipt of intimation of allotment of shares, whichever is applicable 95,91,97,790 Equity Shares of Re. 1 each. 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~~ Total diluted share/voting capital of the TC after the 95,91,97,790 Equity Shares of Re. 1 each. said acquisition

(*) 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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HIREN ASHWIN GANDHI

Place: Vadodara

Date:

18/09/2021