Asian Paints Shareholding Pattern 2026: Promoters Retain Majority Stake with 52.63% Holding

Institutional investors remain key public shareholders; LIC, SBI Mutual Fund and ICICI Prudential Mutual Fund among top holders

NEW DELHI (India CSR): Asian Paints Limited has reported a stable shareholder base for the financial year 2025-26, with the promoter and promoter group continuing to hold a majority stake in the company. As on March 31, 2026, the promoter and promoter group held 52.63% of the company’s total equity shares, while public shareholders held 47.37%.

According to the company’s Integrated Annual Report 2025-26, the total promoter and promoter group shareholding stood at 50,47,85,198 shares. This included holdings by individuals/Hindu Undivided Family, bodies corporate and trusts. Bodies corporate formed the largest portion within the promoter group, holding 42.07% of the total shares. Individuals/HUF held 10.48%, while trusts held 0.08%.

Public shareholding in the company stood at 45,44,12,592 shares, representing 47.37% of the total equity base. Within the public category, institutional investors continued to be the dominant block, holding 33.16%. Non-institutional public shareholders held 14.21%.

Among institutional investors, Foreign Portfolio Investors held 12.11%, making them the largest institutional category in the public shareholding structure. Mutual Funds/UTI held 11.42%, while Insurance Companies held 9.46%. Financial Institutions/Banks held 0.10%, and Central Government/Sovereign Wealth Funds held 0.07%.

Individual shareholders also formed an important part of the ownership base. Individual shareholders holding nominal share capital up to Rs. 2 lakh held 10.98%, while individual shareholders holding nominal share capital in excess of Rs. 2 lakh held 0.53%. Non-resident individuals held 1.17%. Bodies corporate under the public category held 1.12%, while trusts held 0.41%.

The company also disclosed the top 10 shareholders under the public category as on March 31, 2026. Life Insurance Corporation of India emerged as the largest public shareholder with 7,78,22,006 shares, representing 8.11% of the company’s total shares. SBI Mutual Fund held 4,98,85,007 shares, or 5.20%. ICICI Prudential Mutual Fund held 2.25%, followed by UTI Mutual Fund with 1.16%.

Other major public shareholders included Nippon Life India Trustee Limited, Government Pension Fund Global, Vanguard Total International Stock Index Fund, Vanguard Emerging Markets Stock Index Fund, iShares Core MSCI Emerging Markets ETF and PI Opportunities AIF V LLP.

The company’s equity share capital remained unchanged during the year. Asian Paints had 95,91,97,790 fully paid-up equity shares of face value ₹1 each as on March 31, 2026.

The report also highlighted the company’s efforts to encourage dematerialisation of shares. During the year, 5,97,275 equity shares were dematerialised, while only 5 equity shares were rematerialised. The number of shareholders holding shares in physical form declined by 52.19% over five years, from 2,920 in FY 2021-22 to 1,396 in FY 2025-26.

Asian Paints’ shareholding pattern reflects continued promoter control, strong institutional participation and a broad public investor base.

Also Read: Asian Paints CSR Spending Report FY 2025-26, Spends ₹115.14 Crore on Social InitiativesI India CSR

(India CSR)