Asian Paints Limited has received approval from both BSE and NSE on February 3, 2025, to reclassify Vijal Holding and Trading Company Private Limited from the ‘Promoter Group’ to the ‘Public’ category. In response to this news, the company’s stock traded at ₹2,331.10, up 1.69% on NSE as of 12.35 pm today.
The reclassification approval follows 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 does not hold any shares in the company.
Despite the reclassification, the shareholding structure remains unchanged, with the promoter holding remaining at 52.63% and the public holding at 47.32%. This move is in line with Regulation 31A(8) of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.
R J Jeyamurugan, the CFO and Company Secretary of Asian Paints, confirmed that with these approvals, Vijal Holding is no longer part of the company’s Promoter Group. The company has formally communicated this development to both stock exchanges.
