You can view the shareholding pattern for the latest three quarters for the company
under two broad categories (Promoter & Non Promters).
Shareholding Pattern as on
31/12/2025
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| (A) Promoter & Promoter Group | 24 | 18,273,955 | 18,273,955 | 67.94 | 67.94 | 18,273,955 | | (B) Public | 11,753 | 8,622,621 | 8,622,621 | 32.06 | 32.06 | 8,622,621 | | (C1) Shares underlying DRs | 0 | 0 | 0 | 0.00 | 0.00 | 0 | | (C2) Shares held by Employee Trust | 0 | 0 | 0 | 0.00 | 0.00 | 0 | | (C) Non Promoter-Non Public | 0 | 0 | 0 | 0.00 | 0.00 | 0 |
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| Individuals / Hindu Undivided Family | 21 | 14,578,295 | 0 | 14,578,295 | 54.20 | 14,578,295 | | Nirmal Vinod Shah | 1 | 6,981,413 | 0 | 6,981,413 | 25.96 | 6,981,413 | | Padma Vinod Shah | 1 | 3,382,200 | 0 | 3,382,200 | 12.57 | 3,382,200 | | Ashwin Ratilal Nagarwadia | 1 | 1,000,000 | 0 | 1,000,000 | 3.72 | 1,000,000 | | Kumud Ashwin Nagarwadia | 1 | 1,000,000 | 0 | 1,000,000 | 3.72 | 1,000,000 | | Sameer Vinod Shah | 1 | 388,657 | 0 | 388,657 | 1.45 | 388,657 | | Shah Bhadresh | 1 | 377,868 | 0 | 377,868 | 1.40 | 377,868 | | Alpana Sandeepbhai Shah | 1 | 259,988 | 0 | 259,988 | 0.97 | 259,988 | | Sameer Vinod Shah Huf | 1 | 234,962 | 0 | 234,962 | 0.87 | 234,962 | | Jyoti Nikhil Mehta | 1 | 188,960 | 0 | 188,960 | 0.70 | 188,960 | | Mamta Nirmal Shah | 1 | 186,600 | 0 | 186,600 | 0.69 | 186,600 | | Sandeepbhai Himatbhai Shah | 1 | 130,270 | 0 | 130,270 | 0.48 | 130,270 | | Shah Parul | 1 | 111,200 | 0 | 111,200 | 0.41 | 111,200 | | Kalpana Sunil Shah | 1 | 86,400 | 0 | 86,400 | 0.32 | 86,400 | | Nikhil Jaysukhlal Mehta | 1 | 80,800 | 0 | 80,800 | 0.30 | 80,800 | | Kshitija Nirmal Shah | 1 | 57,241 | 0 | 57,241 | 0.21 | 57,241 | | Sandeep H Shah | 1 | 43,248 | 0 | 43,248 | 0.16 | 43,248 | | Nikhil Jaysukhlal Mehta, HUF | 1 | 16,800 | 0 | 16,800 | 0.06 | 16,800 | | Raunaq Sameer Shah | 1 | 16,520 | 0 | 16,520 | 0.06 | 16,520 | | Nirmal V Shah, HUF | 1 | 14,268 | 0 | 14,268 | 0.05 | 14,268 | | Sunil Dahyalal Shah | 1 | 12,000 | 0 | 12,000 | 0.04 | 12,000 | | Rahil Nirmal Shah | 1 | 8,900 | 0 | 8,900 | 0.03 | 8,900 | | Amrita Sameer Shah | 0 | 0 | 0 | 0 | 0.00 | 0 | | Mallika Sameer Shah | 0 | 0 | 0 | 0 | 0.00 | 0 | | Shilpa Sameer Shah | 0 | 0 | 0 | 0 | 0.00 | 0 | | Trupti Nagarwadia | 0 | 0 | 0 | 0 | 0.00 | 0 | | Any Other (specify) | 3 | 3,695,660 | 0 | 3,695,660 | 13.74 | 3,695,660 | | Visan Holdings Pvt Ltd | 1 | 2,621,260 | 0 | 2,621,260 | 9.75 | 2,621,260 | | Finor Piplaj Chemicals Ltd | 1 | 550,000 | 0 | 550,000 | 2.04 | 550,000 | | S And N Ventures Limited | 1 | 524,400 | 0 | 524,400 | 1.95 | 524,400 | | Grand Total | 24 | 18,273,955 | 0 | 18,273,955 | 67.94 | 18,273,955 | |
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| Alternate Investment Funds | 3 | 535,162 | 0 | 535,162 | 1.99 | 535,162 | | Negen Undiscovered Value Fund | 1 | 301,694 | 0 | 301,694 | 1.12 | 301,694 | | NBFCs registered with RBI | 1 | 2,280 | 0 | 2,280 | 0.01 | 2,280 | | Foreign Portfolio Investors Category I | 3 | 185,342 | 0 | 185,342 | 0.69 | 185,342 | | Foreign Portfolio Investors Category II | 1 | 10,192 | 0 | 10,192 | 0.04 | 10,192 | | Sub Total | 8 | 732,976 | 0 | 732,976 | 2.73 | 732,976 | |
| Any Others (Specify) | 366 | 972,482 | 0 | 972,482 | 3.62 | 972,482 | | HUF | 334 | 367,173 | 0 | 367,173 | 1.37 | 367,173 | | Unclaimed or Suspense or Escrow Account | 1 | 243,738 | 0 | 243,738 | 0.91 | 243,738 | | Clearing Members | 10 | 188,776 | 0 | 188,776 | 0.70 | 188,776 | | LLP | 20 | 126,795 | 0 | 126,795 | 0.47 | 126,795 | | Trusts | 1 | 46,000 | 0 | 46,000 | 0.17 | 46,000 | | Bodies Corporate | 90 | 472,133 | 0 | 472,133 | 1.76 | 472,133 | | Resident Individuals holding nominal share capital up to Rs. 2 lakhs | 10,927 | 4,712,450 | 0 | 4,712,450 | 17.52 | 4,712,450 | | Resident Individuals holding nominal share capital in excess of Rs. 2 lakhs | 14 | 1,416,919 | 0 | 1,416,919 | 5.27 | 1,416,919 | | Ajay Chinubhai Laloo | 1 | 548,300 | 0 | 548,300 | 2.04 | 548,300 | | Non Resident Indians (NRIs) | 347 | 231,733 | 0 | 231,733 | 0.86 | 231,733 | | Investor Education and Protection Fund (IEPF) | 1 | 83,928 | 0 | 83,928 | 0.31 | 83,928 | | Sub Total | 11,745 | 7,889,645 | 0 | 7,889,645 | 29.34 | 7,889,645 | |
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