The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on August 11, 2026 for Satyen A Gandhi

SATYEN ASHWIN GANDHI 29, Kunj Society, B/h. Milan Kunj Plot, Alkapuri, Vadodara – 390 007 DATE: 11th August, 2026 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: Declarations under regulation 31(1) and 31(2) of the SEBI (SAST) Regulations, 2011 Ref.: Target Company - Asian Paints Limited (BSE – Script Code – 500820) (ISIN No.: INE021A01026) Pursuant to the regulation 31(1) and 31(2) of the SEBI (Substantial Acquisition of Share and Takeovers) Regulations 2011, please find enclosed herewith the disclosure by the Promoter(s) for encumbrances of shares / invocation of encumbrance / release of encumbrance of Asian Paints Limited. Kindly take the same on record and oblige. Thanking you, Yours faithfully (Satyen A. Gandhi) Encl: As above. 1. The National Stock Exchange of India Limited, Exchange Plaza Bandra Kurla Complex Bandra (E), Mumbai - 400 051. 2. Asian Paints Limited 6 A & 6B ShantiNagar Vakola Pipe Line Santacruz (E), Mumbai – 400 054 Format for disclosure by the Promoter(s) to the stock exchanges and the Target Company for encumbrances of shares / invocation of encumbrance / release of encumbrance, in terms of Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011 Name of the Target Company (TC): M/s. Asian Paints Limited Name of the Stock Exchanges where the shares of the Target Company are Listed: Bombay Stock Exchange Limited / National Stock Exchange Limited Date of Reporting: 11th August, 2026 Name of the Promoter or PAC on whose Shares encumbrance has been created/released/invoked Satyen A. Gandhi Details of creation of encumbrance: Pledging Name of the Promoter(s) or Promoter holding in the target Promoter Holding already encumbered (2) Details of events pertaining to encumbrance (3) Post Event Holding of PACs with him (*) company (1) encumbered shares {creation [(2)+(3)]/release [(2)-(3)] invocation[(2)-(3)] Names No. of Shares % of total share No. of Shares % of total share capital Type of event - Date of Type of Reasons for No. of Shares % of total Name of the Number % of total capital (Creation / encumbrance(Pledg encumbrance ** share capital entity in whose share capital Invocation / creation/invocation e/lien/non disposal favour shares Release/invocation) release of undertaking/others) encumbered encumbrance Satyen A. Gandhi 3 7,25,954 0 .39 1 3,91,500 0 .15 Creation 10th August, 2026 Pledge As a collateral to loan 2 ,50,000 0 .03 Julius Baer Capital 1 6,41,500 0 .17 for business purpose (India) Pvt. Ltd. Dipika Amar Vakil 1,27,61,340 1.33 0 0.00 Late Abhay Arvind Vakil 1,24,18,060 1.29 0 0.00 Vivek Abhay Vakil 6 8,12,369 0.71 0 0.00 Bhairavi Abhay Vakil 6 0,64,322 0.63 0 0.00 Nehal Abhay Vakil 5 7,38,489 0.60 0 0.00 Prafullika Shailesh Choksi 3 8,74,480 0.40 0 0.00 Hiren Ashwin Gandhi 3 7,06,265 0.39 1294227 0.13 Vishal Shailesh Choksi 3 3,80,865 0.35 0 0.00 Hasit A Dani 3 1,50,800 0.33 0 0.00 0.32 0.00 VAKIL HUF (VARUN AMAR VAKIL) 3 1,03,290 0 Amrita Amar Vakil 2 5,66,680 0.27 0 0.00 Jigish Shailesh Choksi 2 4,24,825 0.25 0 0.00 Manish Mahendra Choksi 2 3,81,040 0.25 0 0.00 Varun Amar Vakil 2 2,30,590 0.23 0 0.00 AMAR ARVIND VAKIL HUF (VARUN 0.22 0.00 AMAR VAKIL) 2 1,12,190 0 ABHAY ARVIND VAKIL HUF (VIVEK 0.22 0.00 ABHAY VAKIL) 2 0,76,820 0 Rupal Anant Bhat 1 9,23,770 0.20 0 0.00 SHAILESH CHIMANLAL CHOKSI HUF 0.18 0.00 (JIGISH SHAILESH CHOKSI) 1 7,49,690 0 Mahendra Chimanlal Choksi 1 6,56,380 0.17 0 0.00 Jalaj A Dani 1 6,00,200 0.17 0 0.00 Late Asha Subhash Gujarathi 1 4,23,400 0.15 0 0.00 Rita Mahendra Choksi 9 ,80,000 0.10 0 0.00 Rupen Ashwin Choksi 9 ,28,607 0.10 0 0.00 Ashish Ashwin Choksi 8 ,80,840 0.09 0 0.00 Urvashi Ashwin Choksi 8 ,38,110 0.09 0 0.00 Rhea Amit Sethi 7 ,02,000 0.07 0 0.00 MAHENDRA CHIMANLAL CHOKSI 0.06 0.00 HUF (MAHENDRA CHIMANLAL CHOKSI) 5 ,39,800 0 Ami Manish Choksi 4 ,72,200 0.05 0 0.00 Vita Jalaj Dani 4 ,35,260 0.05 0 0.00 Ishwara Hasit Dani 4 ,10,710 0.04 0 0.00 HASIT ASHWIN DANI HUF (HASIT 0.04 0.00 ASHWIN DANI) 3 ,92,666 0 JALAJ A DANI HUF (JALAJ ASHWIN 0.04 0.00 DANI) 3 ,44,666 0 Name of the Promoter(s) or Promoter holding in the target Promoter Holding already encumbered (2) Details of events pertaining to encumbrance (3) Post Event Holding of PACs with him (*) company (1) encumbered shares {creation [(2)+(3)]/release [(2)-(3)] invocation[(2)-(3)] Names No. of Shares % of total share No. of Shares % of total share capital Type of event - Date of Type of Reasons for No. of Shares % of total Name of the Number % of total capital (Creation / encumbrance(Pledg encumbrance ** share capital entity in whose share capital Invocation / creation/invocation e/lien/non disposal favour shares Release/invocation) release of undertaking/others) encumbered encumbrance Richa Manish Choksi 1 ,80,450 0.02 0 0.00 Mudit Jalaj Dani 1 ,59,800 0.02 0 0.00 Late Amar Arvind Vakil 1 ,58,770 0.02 0 0.00 Smiti Jalaj Dani 1 ,39,110 0.01 0 0.00 Binita Ashish Choksi 1 ,31,700 0.01 0 0.00 Anay Rupen Choksi 1 ,30,500 0.01 0 0.00 Aashay Ashish Choksi 1 ,25,380 0.01 0 0.00 Nysha Rupen Choksi (Minor) 1 ,02,750 0.01 0 0.00 Druhi Ashish Choksi 1 ,00,000 0.01 0 0.00 Ashwin Ramanlal Gandhi 91,860 0.01 0 0.00 Meghna Satyen Gandhi 75,000 0.01 0 0.00 Vaibhavi Hiren Gandhi 75,000 0.01 0 0.00 Shubhlakshmi Hasit Dani 59,529 0.01 0 0.00 0.00 0.00 Late Chandanben Chhotalal Shah 20,000 0 Hrishav Varun Vakil (Minor) 10,000 0.00 0 0.00 Nyra Varun Vakil (Minor) 10,000 0.00 0 0.00 Ragini Varun Vakil 10,000 0.00 0 0.00 0.00 0.00 MANISH MAHENDRA CHOKSI HUF (MANISH MAHENDRA CHOKSI) 7,500 0 ASHISH ASHWIN CHOKSI HUF 0.00 0.00 (ASHISH ASHWIN CHOKSI) 5,620 0 ASHWIN SURYAKANT DANI HUF 0.00 0.00 (ASHWIN SURYAKANT DANI) 0 0 Anant Raghuvir Bhat 0 0.00 0 0.00 Arhaan Anant Bhat 0 0.00 0 0.00 Rehaan Anant Bhat (Minor) 0 0.00 0 0.00 Priyanka Jigish Choksi 0 0.00 0 0.00 Aryan Jigish Choksi N/G Jigish 0.00 0.00 Shailesh Choksi (Minor) 0 0 Gayatri Subhash Gujarathi 0 0.00 0 0.00 Amreen Sethi (Minor) 0 0.00 0 0.00 Sattva Holding and Trading Private 5.71 0.70 Limited 5,47,89,183 6738500 Smiti Holding and Trading Company 5.36 4.21 Private Limited 5,14,42,638 40384000 Geetanjali Trading and Investments 4.77 0.39 Private Limited 4,57,06,140 3750000 Elcid Investments Limited 2,83,13,860 2.95 0 0.00 2.41 0.00 Shubhit Holdings Private Limited 2,31,50,730 0 1.98 0.00 Sudhanva Investments and Trading Company Private Limited 1,90,01,760 0 Rupen Investment & Industries 1.97 0.00 Private Limited 1,88,49,825 0 Satyadharma Investments and 1.91 0.00 Trading Company Private Ltd. 1,83,34,280 0 Castle Investment & Industries 1.61 0.00 Private Limited 1,54,57,470 0 Lyon Investment & Industries 1.50 0.00 Private Limited 1,43,42,060 0 Name of the Promoter(s) or Promoter holding in the target Promoter Holding already encumbered (2) Details of events pertaining to encumbrance (3) Post Event Holding of PACs with him (*) company (1) encumbered shares {creation [(2)+(3)]/release [(2)-(3)] invocation[(2)-(3)] Names No. of Shares % of total share No. of Shares % of total share capital Type of event - Date of Type of Reasons for No. of Shares % of total Name of the Number % of total capital (Creation / encumbrance(Pledg encumbrance ** share capital entity in whose share capital Invocation / creation/invocation e/lien/non disposal favour shares Release/invocation) release of undertaking/others) encumbered encumbrance 1.30 0.00 Jaldhar Investments and Trading Company Private Limited 1,24,28,250 0 Tru Trading and Investments Pvt 1.27 0.00 Limited 1,21,76,500 0 Nehal Trading and Investments 1.16 0.00 Private Limited 1,11,02,530 0 Asteroids Trading and Investments 1.13 0.00 Private Limited 1,08,18,530 0 Jalaj Trading & Investment Company 1.12 0.00 Private Limited 1,07,76,697 0 Unnati Trading and Investments 1.09 0.00 Private Limited 1,04,72,600 0 Doli Trading and Investments Private 0.98 0.00 Limited 9 3,63,440 0 Centaurus Tra [Showing first 8,000 characters — download PDF for full document]