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 | 1 | 150,799,905 | 150,799,905 | 37.84 | 37.84 | 150,799,905 | | (B) Public | 309,603 | 247,677,625 | 247,677,625 | 62.16 | 62.16 | 242,454,680 | | (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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| Any Other (specify) | 1 | 150,799,905 | 0 | 150,799,905 | 37.84 | 150,799,905 | | GUJARAT STATE INVETMENTS LIMITED | 1 | 150,799,905 | 0 | 150,799,905 | 37.84 | 150,799,905 | | Grand Total | 1 | 150,799,905 | 0 | 150,799,905 | 37.84 | 150,799,905 | |
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| Mutual Funds | 14 | 23,378,255 | 0 | 23,378,255 | 5.87 | 23,375,705 | | QUANT MUTUAL FUND - QUANT SMALL CAP FUND | 1 | 13,685,832 | 0 | 13,685,832 | 3.43 | 13,685,832 | | ICICI PRUDENTIAL SMALL CAP FUND | 1 | 6,630,321 | 0 | 6,630,321 | 1.66 | 6,630,321 | | Insurance Companies | 5 | 3,218,900 | 0 | 3,218,900 | 0.81 | 3,218,900 | | Alternate Investment Funds | 3 | 485,453 | 0 | 485,453 | 0.12 | 485,453 | | NBFCs registered with RBI | 5 | 42,420 | 0 | 42,420 | 0.01 | 42,420 | | Banks | 25 | 98,709 | 0 | 98,709 | 0.02 | 62,089 | | Foreign Portfolio Investors Category I | 122 | 45,639,647 | 0 | 45,639,647 | 11.45 | 45,639,647 | | Other Financial Institutions | 1 | 1,791,243 | 0 | 1,791,243 | 0.45 | 1,791,243 | | Foreign Portfolio Investors Category II | 11 | 1,806,784 | 0 | 1,806,784 | 0.45 | 1,806,784 | | Other Foreign Institutions | 1 | 150 | 0 | 150 | 0.00 | 150 | | Citibank N A Jointly With Vakharia K Brijlal And Vakharia M Brijlal | 1 | 150 | 0 | 150 | 0.00 | 150 | | Sub Total | 187 | 76,461,561 | 0 | 76,461,561 | 19.18 | 76,422,391 | |
| Any Others (Specify) | 6,444 | 9,323,626 | 0 | 9,323,626 | 2.34 | 7,217,966 | | HUF | 5,227 | 5,659,835 | 0 | 5,659,835 | 1.42 | 5,658,520 | | Societies | 1,031 | 2,189,000 | 0 | 2,189,000 | 0.55 | 91,935 | | LLP | 111 | 689,002 | 0 | 689,002 | 0.17 | 689,002 | | Clearing Members | 56 | 582,103 | 0 | 582,103 | 0.15 | 582,103 | | Trusts | 19 | 203,686 | 0 | 203,686 | 0.05 | 196,406 | | Bodies Corporate | 1,071 | 10,014,877 | 0 | 10,014,877 | 2.51 | 9,994,617 | | Resident Individuals holding nominal share capital up to Rs. 2 lakhs | 297,833 | 107,051,550 | 0 | 107,051,550 | 26.87 | 104,123,160 | | Resident Individuals holding nominal share capital in excess of Rs. 2 lakhs | 63 | 14,561,679 | 0 | 14,561,679 | 3.65 | 14,561,679 | | Non Resident Indians (NRIs) | 3,995 | 4,845,364 | 0 | 4,845,364 | 1.22 | 4,721,934 | | Key Managerial Personnel | 1 | 50 | 0 | 50 | 0.00 | 50 | | Investor Education and Protection Fund (IEPF) | 1 | 2,899,883 | 0 | 2,899,883 | 0.73 | 2,899,883 | | Foreign Nationals | 3 | 13,000 | 0 | 13,000 | 0.00 | 13,000 | | Associate companies / Subsidiaries | 1 | 6,035 | 0 | 6,035 | 0.00 | 0 | | Sub Total | 309,412 | 148,716,064 | 0 | 148,716,064 | 37.32 | 143,532,289 | |
| Shareholding by Companies or Bodies Corporate where Central / State Government is a promoter | 4 | 22,500,000 | 0 | 22,500,000 | 5.65 | 22,500,000 | | Gujarat Alkalies And Chemicals Limited | 1 | 7,500,000 | 0 | 7,500,000 | 1.88 | 7,500,000 | | Gujarat Narmada Valley Fertilizers Company Limited | 1 | 7,500,000 | 0 | 7,500,000 | 1.88 | 7,500,000 | | Gujarat Mineral Development Corporation Ltd | 1 | 5,000,000 | 0 | 5,000,000 | 1.25 | 5,000,000 | | Sub Total | 4 | 22,500,000 | 0 | 22,500,000 | 5.65 | 22,500,000 | |
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