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
30/09/2025
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| (A) Promoter & Promoter Group | 12 | 165,662,977 | 165,662,977 | 75.00 | 75.00 | 165,662,977 | | (B) Public | 123,266 | 55,222,057 | 55,222,057 | 25.00 | 25.00 | 55,222,057 | | (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 | 9 | 126,662,971 | 0 | 126,662,971 | 57.34 | 126,662,971 | | Gaurav Pradeep Rathod | 1 | 47,435,590 | 0 | 47,435,590 | 21.48 | 47,435,590 | | Pankaj Ghisulal Rathod | 1 | 23,735,761 | 0 | 23,735,761 | 10.75 | 23,735,761 | | Pradeep Ghisulal Rathod | 1 | 22,667,835 | 0 | 22,667,835 | 10.26 | 22,667,835 | | Sangeeta Pradeep Rathod | 1 | 12,511,893 | 0 | 12,511,893 | 5.66 | 12,511,893 | | Ruchi Gaurav Rathod | 1 | 6,255,946 | 0 | 6,255,946 | 2.83 | 6,255,946 | | Karishma Harsh Parekh | 1 | 3,900,000 | 0 | 3,900,000 | 1.77 | 3,900,000 | | Malvika P. Rathod | 1 | 3,900,000 | 0 | 3,900,000 | 1.77 | 3,900,000 | | Sneha Jigar Ajmera | 1 | 3,900,000 | 0 | 3,900,000 | 1.77 | 3,900,000 | | Babita Pankaj Rathod | 1 | 2,355,946 | 0 | 2,355,946 | 1.07 | 2,355,946 | | Any Other (specify) | 3 | 39,000,006 | 0 | 39,000,006 | 17.66 | 39,000,006 | | Babita Rathod Family Trust | 1 | 19,500,000 | 0 | 19,500,000 | 8.83 | 19,500,000 | | Pankaj Rathod Family Trust | 1 | 19,500,000 | 0 | 19,500,000 | 8.83 | 19,500,000 | | Cello Pens And Stationery Pvt. Ltd. | 1 | 6 | 0 | 6 | 0.00 | 6 | | GPR Finance Corp | 0 | 0 | 0 | 0 | 0.00 | 0 | | Rathod Invest Corp | 0 | 0 | 0 | 0 | 0.00 | 0 | | Grand Total | 12 | 165,662,977 | 0 | 165,662,977 | 75.00 | 165,662,977 | |
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| Mutual Funds | 14 | 9,476,595 | 0 | 9,476,595 | 4.29 | 9,476,595 | | Kotak Small Cap Fund | 1 | 3,098,033 | 0 | 3,098,033 | 1.40 | 3,098,033 | | Insurance Companies | 5 | 6,230,828 | 0 | 6,230,828 | 2.82 | 6,230,828 | | Sbi Life Insurance Co. Ltd | 1 | 2,866,108 | 0 | 2,866,108 | 1.30 | 2,866,108 | | Hdfc Life Insurance Company Limited | 1 | 2,774,319 | 0 | 2,774,319 | 1.26 | 2,774,319 | | Venture Capital Funds | 0 | 0 | 0 | 0 | 0.00 | 0 | | Foreign Venture Capital Investors | 0 | 0 | 0 | 0 | 0.00 | 0 | | Provident Funds/ Pension Funds | 0 | 0 | 0 | 0 | 0.00 | 0 | | Alternate Investment Funds | 10 | 15,279,290 | 0 | 15,279,290 | 6.92 | 15,279,290 | | India Advantage Fund S5 I | 1 | 8,706,211 | 0 | 8,706,211 | 3.94 | 8,706,211 | | India Advantage Fund S4 I | 1 | 3,373,653 | 0 | 3,373,653 | 1.53 | 3,373,653 | | Tata Capital Growth Fund Ii | 1 | 2,850,588 | 0 | 2,850,588 | 1.29 | 2,850,588 | | NBFCs registered with RBI | 0 | 0 | 0 | 0 | 0.00 | 0 | | Overseas Depositories (holding DRs) (balancing figure) | 0 | 0 | 0 | 0 | 0.00 | 0 | | Banks | 0 | 0 | 0 | 0 | 0.00 | 0 | | Foreign Portfolio Investors Category I | 91 | 11,930,461 | 0 | 11,930,461 | 5.40 | 11,930,461 | | Goldman Sachs Funds - Goldman Sachs India Equity Portfolio | 1 | 2,951,679 | 0 | 2,951,679 | 1.34 | 2,951,679 | | Other Financial Institutions | 0 | 0 | 0 | 0 | 0.00 | 0 | | Foreign Portfolio Investors Category II | 12 | 322,446 | 0 | 322,446 | 0.15 | 322,446 | | Sovereign Wealth Funds | 0 | 0 | 0 | 0 | 0.00 | 0 | | Asset reconstruction companies | 0 | 0 | 0 | 0 | 0.00 | 0 | | Foreign Direct Investment | 0 | 0 | 0 | 0 | 0.00 | 0 | | Other Foreign Institutions | 0 | 0 | 0 | 0 | 0.00 | 0 | | Any Other (Institutions - Domestic) | 0 | 0 | 0 | 0 | 0.00 | 0 | | Sub Total | 132 | 43,239,620 | 0 | 43,239,620 | 19.58 | 43,239,620 | |
| Any Others (Specify) | 3,478 | 827,991 | 0 | 827,991 | 0.37 | 827,991 | | Bodies Corporate | 48 | 377,156 | 0 | 377,156 | 0.17 | 377,156 | | HUF | 3,412 | 381,129 | 0 | 381,129 | 0.17 | 381,129 | | Clearing Members | 15 | 69,242 | 0 | 69,242 | 0.03 | 69,242 | | Director or Director's Relatives | 1 | 50 | 0 | 50 | 0.00 | 50 | | Trusts | 2 | 414 | 0 | 414 | 0.00 | 414 | | Bodies Corporate | 393 | 1,328,036 | 0 | 1,328,036 | 0.60 | 1,328,036 | | Resident Individuals holding nominal share capital up to Rs. 2 lakhs | 117,825 | 7,979,431 | 0 | 7,979,431 | 3.61 | 7,979,431 | | Resident Individuals holding nominal share capital in excess of Rs. 2 lakhs | 9 | 539,147 | 0 | 539,147 | 0.24 | 539,147 | | Non Resident Indians (NRIs) | 1,425 | 325,476 | 0 | 325,476 | 0.15 | 325,476 | | Foreign Companies | 1 | 979,448 | 0 | 979,448 | 0.44 | 979,448 | | Key Managerial Personnel | 2 | 2,797 | 0 | 2,797 | 0.00 | 2,797 | | Investor Education and Protection Fund (IEPF) | 0 | 0 | 0 | 0 | 0.00 | 0 | | Directors and their relatives (excluding independent directors and nominee directors) | 0 | 0 | 0 | 0 | 0.00 | 0 | | Foreign Nationals | 1 | 111 | 0 | 111 | 0.00 | 111 | | Relatives of promoters (other than 'immediate relatives' of promoters disclosed under 'Promoter and Promoter Group' category) | 0 | 0 | 0 | 0 | 0.00 | 0 | | Associate companies / Subsidiaries | 0 | 0 | 0 | 0 | 0.00 | 0 | | Trusts where any person belonging to 'Promoter and Promoter Group' category is 'trustee', 'beneficiary', or 'author of the trust' | 0 | 0 | 0 | 0 | 0.00 | 0 | | Sub Total | 123,134 | 11,982,437 | 0 | 11,982,437 | 5.41 | 11,982,437 | |
| Central Government / President of India | 0 | 0 | 0 | 0 | 0.00 | 0 | | State Government / Governor | 0 | 0 | 0 | 0 | 0.00 | 0 | | Shareholding by Companies or Bodies Corporate where Central / State Government is a promoter | 0 | 0 | 0 | 0 | 0.00 | 0 | | Sub Total | 0 | 0 | 0 | 0 | 0.00 | 0 | | Grand Total | 123,266 | 55,222,057 | 0 | 55,222,057 | 24.99 | 55,222,057 | |
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| Custodian/DR Holder | 0 | 0 | 0 | 0 | 0.00 | 0 | | Sub Total | 0 | 0 | 0 | 0 | 0.00 | 0 | |
| Employee Benefit Trust | 0 | 0 | 0 | 0 | 0.00 | 0 | | Sub Total | 0 | 0 | 0 | 0 | 0.00 | 0 | |
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