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 | 14 | 23,204,303 | 23,204,303 | 57.77 | 57.68 | 23,204,303 | | (B) Public | 97,747 | 16,964,012 | 16,964,012 | 42.23 | 42.32 | 16,903,834 | | (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 | 8 | 18,512,480 | 0 | 18,512,480 | 46.09 | 18,512,480 | | Chaitanya N Desai | 1 | 9,119,684 | 0 | 9,119,684 | 22.70 | 9,119,684 | | Kushal N Desai | 1 | 9,119,684 | 0 | 9,119,684 | 22.70 | 9,119,684 | | Devharsh Chaitanya Desai | 1 | 65,778 | 0 | 65,778 | 0.16 | 65,778 | | Gaurangi Yuvraj Mehra | 1 | 65,778 | 0 | 65,778 | 0.16 | 65,778 | | Nitika Chaitanya Desai | 1 | 65,778 | 0 | 65,778 | 0.16 | 65,778 | | Rishabh Kushal Desai | 1 | 65,778 | 0 | 65,778 | 0.16 | 65,778 | | Jinisha C. Desai | 1 | 5,000 | 0 | 5,000 | 0.01 | 5,000 | | Noopur Kushal Desai | 1 | 5,000 | 0 | 5,000 | 0.01 | 5,000 | | Chetan Mehta | 0 | 0 | 0 | 0 | 0.00 | 0 | | Hansa Mehta | 0 | 0 | 0 | 0 | 0.00 | 0 | | Hina Kothari | 0 | 0 | 0 | 0 | 0.00 | 0 | | Maithili N. Desai | 0 | 0 | 0 | 0 | 0.00 | 0 | | Rana Biswas | 0 | 0 | 0 | 0 | 0.00 | 0 | | Vineeta Srivastava | 0 | 0 | 0 | 0 | 0.00 | 0 | | Any Other (specify) | 6 | 4,691,823 | 0 | 4,691,823 | 11.68 | 4,691,823 | | Maithili N Desai Family Private Trust No 2 - Trustee Maithili Trusteeship Services Private Limited | 1 | 4,428,187 | 0 | 4,428,187 | 11.02 | 4,428,187 | | Maithili N Desai Family Private Trust - Trustee Mr. K. N. Desai and Mr. C. N. Desai | 1 | 98,983 | 0 | 98,983 | 0.25 | 98,983 | | APAR Corporation Private Limited | 1 | 84,353 | 0 | 84,353 | 0.21 | 84,353 | | Chaitanya N Desai Family Private Trust - Trustee C N Desai, K N. Desai and J C Desai | 1 | 40,000 | 0 | 40,000 | 0.10 | 40,000 | | Kushal N Desai Family Private Trust - Trustee K N Desai, C N. Desai and N K Desai | 1 | 40,000 | 0 | 40,000 | 0.10 | 40,000 | | Haribol Food Private Limited | 0 | 0 | 0 | 0 | 0.00 | 0 | | Krishna Balaram Enterprise | 0 | 0 | 0 | 0 | 0.00 | 0 | | Maithili Trusteeship Services Private Limited | 1 | 300 | 0 | 300 | 0.00 | 300 | | Nadiad Innvotek Foundation | 0 | 0 | 0 | 0 | 0.00 | 0 | | Srinivas Balajee Enterprise | 0 | 0 | 0 | 0 | 0.00 | 0 | | Grand Total | 14 | 23,204,303 | 0 | 23,204,303 | 57.77 | 23,204,303 | |
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| Mutual Funds | 31 | 8,656,360 | 0 | 8,656,360 | 21.55 | 8,656,204 | | Axis Mutual Fund Trustee Limited A/C Axis Mutual Fund A/C Axis Midcap Fund | 1 | 1,838,823 | 0 | 1,838,823 | 4.58 | 1,838,823 | | Hdfc Trustee Company Ltd. A/C Hdfc Balanced Advantage Fund | 1 | 1,250,903 | 0 | 1,250,903 | 3.11 | 1,250,903 | | Kotak Midcap Fund | 1 | 1,174,123 | 0 | 1,174,123 | 2.92 | 1,174,123 | | Nippon Life India Trustee Ltd-A/C Nippon India Small Cap Fund | 1 | 1,079,562 | 0 | 1,079,562 | 2.69 | 1,079,562 | | Motilal Oswal Large And Midcap Fund | 1 | 974,814 | 0 | 974,814 | 2.43 | 974,814 | | Icici Prudential Midcap Fund | 1 | 764,866 | 0 | 764,866 | 1.90 | 764,866 | | Insurance Companies | 6 | 49,680 | 0 | 49,680 | 0.12 | 49,680 | | Alternate Investment Funds | 24 | 615,227 | 0 | 615,227 | 1.53 | 615,227 | | Banks | 2 | 264 | 0 | 264 | 0.00 | 240 | | Foreign Portfolio Investors Category I | 190 | 3,650,435 | 0 | 3,650,435 | 9.09 | 3,650,435 | | Government Pension Fund Global | 1 | 711,264 | 0 | 711,264 | 1.77 | 711,264 | | Foreign Portfolio Investors Category II | 15 | 106,063 | 0 | 106,063 | 0.26 | 106,063 | | Other Foreign Institutions | 2 | 30 | 0 | 30 | 0.00 | 30 | | Foreign Institutional Investors | 2 | 30 | 0 | 30 | 0.00 | 30 | | Sub Total | 270 | 13,078,059 | 0 | 13,078,059 | 32.55 | 13,077,879 | |
| Any Others (Specify) | 1,730 | 173,907 | 0 | 173,907 | 0.43 | 173,907 | | HUF | 1,624 | 115,573 | 0 | 115,573 | 0.29 | 115,573 | | Clearing Members | 25 | 38,545 | 0 | 38,545 | 0.10 | 38,545 | | LLP | 70 | 11,324 | 0 | 11,324 | 0.03 | 11,324 | | Independent Director or his relatives | 1 | 4,000 | 0 | 4,000 | 0.01 | 4,000 | | Trusts | 9 | 4,062 | 0 | 4,062 | 0.01 | 4,062 | | ESOP or ESOS or ESPS | 0 | 0 | 0 | 0 | 0.00 | 0 | | Foreign Portfolio Investor (Category - III) | 1 | 403 | 0 | 403 | 0.00 | 403 | | Bodies Corporate | 706 | 249,131 | 0 | 249,131 | 0.62 | 248,683 | | Resident Individuals holding nominal share capital up to Rs. 2 lakhs | 91,330 | 2,975,053 | 0 | 2,975,053 | 7.41 | 2,915,775 | | Resident Individuals holding nominal share capital in excess of Rs. 2 lakhs | 3 | 99,760 | 0 | 99,760 | 0.25 | 99,760 | | Non Resident Indians (NRIs) | 3,704 | 269,303 | 0 | 269,303 | 0.67 | 269,031 | | Key Managerial Personnel | 2 | 133 | 0 | 133 | 0.00 | 133 | | Investor Education and Protection Fund (IEPF) | 1 | 118,643 | 0 | 118,643 | 0.30 | 118,643 | | Foreign Nationals | 1 | 23 | 0 | 23 | 0.00 | 23 | | Sub Total | 97,477 | 3,885,953 | 0 | 3,885,953 | 9.68 | 3,825,955 | |
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