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 | 11 | 442,773,950 | 442,773,950 | 84.02 | 84.02 | 442,773,950 | | (B) Public | 53,037 | 84,197,110 | 84,197,110 | 15.98 | 15.98 | 84,113,480 | | (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 | 245,000,000 | 0 | 245,000,000 | 46.49 | 245,000,000 | | Himanshu Jayantilal Shah | 1 | 80,000,000 | 0 | 80,000,000 | 15.18 | 80,000,000 | | Rakesh Ramanlal Shah | 1 | 35,000,000 | 0 | 35,000,000 | 6.64 | 35,000,000 | | Shaishav Rakeshkumar Shah | 1 | 30,000,000 | 0 | 30,000,000 | 5.69 | 30,000,000 | | Bankim Jayantilal Shah | 1 | 20,000,000 | 0 | 20,000,000 | 3.80 | 20,000,000 | | Bela Himanshu Shah | 1 | 20,000,000 | 0 | 20,000,000 | 3.80 | 20,000,000 | | Kinnari Vaibhav Shah | 1 | 20,000,000 | 0 | 20,000,000 | 3.80 | 20,000,000 | | Vaibhav Jayantilal Shah | 1 | 20,000,000 | 0 | 20,000,000 | 3.80 | 20,000,000 | | Anushree Himanshu Shah | 1 | 10,000,000 | 0 | 10,000,000 | 1.90 | 10,000,000 | | Vrushali Himanshu Shah | 1 | 10,000,000 | 0 | 10,000,000 | 1.90 | 10,000,000 | | Any Other (specify) | 2 | 197,773,950 | 0 | 197,773,950 | 37.53 | 197,773,950 | | GSEC Limited | 1 | 156,386,970 | 0 | 156,386,970 | 29.68 | 156,386,970 | | Monarch Infraparks Private Limited | 1 | 41,386,980 | 0 | 41,386,980 | 7.85 | 41,386,980 | | Grand Total | 11 | 442,773,950 | 0 | 442,773,950 | 84.02 | 442,773,950 | |
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| Mutual Funds | 5 | 292,753 | 0 | 292,753 | 0.06 | 292,753 | | Alternate Investment Funds | 2 | 107,070 | 0 | 107,070 | 0.02 | 107,070 | | NBFCs registered with RBI | 4 | 87,230 | 0 | 87,230 | 0.02 | 87,230 | | Banks | 1 | 80 | 0 | 80 | 0.00 | 0 | | Foreign Portfolio Investors Category I | 8 | 2,127,343 | 0 | 2,127,343 | 0.40 | 2,127,343 | | Foreign Portfolio Investors Category II | 3 | 233,680 | 0 | 233,680 | 0.04 | 233,680 | | Sub Total | 23 | 2,848,156 | 0 | 2,848,156 | 0.54 | 2,848,076 | |
| Any Others (Specify) | 1,386 | 4,631,714 | 0 | 4,631,714 | 0.88 | 4,630,554 | | HUF | 1,382 | 4,629,540 | 0 | 4,629,540 | 0.88 | 4,628,380 | | Clearing Members | 2 | 2,004 | 0 | 2,004 | 0.00 | 2,004 | | Trusts | 1 | 10 | 0 | 10 | 0.00 | 10 | | Unclaimed or Suspense or Escrow Account | 1 | 160 | 0 | 160 | 0.00 | 160 | | Bodies Corporate | 456 | 28,993,898 | 0 | 28,993,898 | 5.50 | 28,993,248 | | Resident Individuals holding nominal share capital up to Rs. 2 lakhs | 50,587 | 36,601,408 | 0 | 36,601,408 | 6.95 | 36,529,048 | | Resident Individuals holding nominal share capital in excess of Rs. 2 lakhs | 23 | 9,215,340 | 0 | 9,215,340 | 1.75 | 9,215,340 | | Non Resident Indians (NRIs) | 561 | 1,866,254 | 0 | 1,866,254 | 0.35 | 1,856,874 | | Foreign Companies | 0 | 0 | 0 | 0 | 0.00 | 0 | | Investor Education and Protection Fund (IEPF) | 1 | 40,340 | 0 | 40,340 | 0.01 | 40,340 | | Foreign Nationals | 0 | 0 | 0 | 0 | 0.00 | 0 | | Sub Total | 53,014 | 81,348,954 | 0 | 81,348,954 | 15.44 | 81,265,404 | |
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