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
31/03/2026
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| (A) Promoter & Promoter Group | 3 | 87,800,917 | 87,800,917 | 56.57 | 56.57 | 3,964,756 | 4.52 | 87,800,917 | | (B) Public | 91,258 | 67,415,027 | 67,415,027 | 43.43 | 43.43 | 0 | 0.00 | 66,902,626 | | (C1) Shares underlying DRs | 0 | 0 | 0 | 0.00 | 0.00 | 0 | 0.00 | 0 | | (C2) Shares held by Employee Trust | 0 | 0 | 0 | 0.00 | 0.00 | 0 | 0.00 | 0 | | (C) Non Promoter-Non Public | 0 | 0 | 0 | 0.00 | 0.00 | 0 | 0.00 | 0 |
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| Any Other (specify) | 3 | 87,800,917 | 0 | 87,800,917 | 56.57 | 87,800,917 | | Gujarat Urja Vikas Nigam Limited | 1 | 38,384,397 | 0 | 38,384,397 | 24.73 | 38,384,397 | | Gujarat Alakalies and Chemicals Limited | 1 | 25,071,358 | 0 | 25,071,358 | 16.15 | 25,071,358 | | Gujarat State Fertilizers and Chemicals Limited | 1 | 24,345,162 | 0 | 24,345,162 | 15.68 | 24,345,162 | | Liquidators Petrofills Cooperative Limited | 0 | 0 | 0 | 0 | 0.00 | 0 | | Grand Total | 3 | 87,800,917 | 0 | 87,800,917 | 56.57 | 87,800,917 | |
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| Mutual Funds | 5 | 6,787,022 | 0 | 6,787,022 | 4.37 | 6,786,622 | | Hdfc Trustee Company Ltd. A/C Hdfc Balanced Advantage Fund | 1 | 6,327,000 | 0 | 6,327,000 | 4.08 | 6,327,000 | | Insurance Companies | 1 | 44,545 | 0 | 44,545 | 0.03 | 44,545 | | Alternate Investment Funds | 4 | 963,753 | 0 | 963,753 | 0.62 | 963,753 | | NBFCs registered with RBI | 2 | 71,000 | 0 | 71,000 | 0.05 | 71,000 | | Banks | 1 | 50 | 0 | 50 | 0.00 | 50 | | Foreign Portfolio Investors Category I | 33 | 4,164,747 | 0 | 4,164,747 | 2.68 | 4,164,747 | | First Water Fund | 1 | 2,346,927 | 0 | 2,346,927 | 1.51 | 2,346,927 | | Foreign Portfolio Investors Category II | 3 | 92,372 | 0 | 92,372 | 0.06 | 92,372 | | Other Foreign Institutions | 1 | 200 | 0 | 200 | 0.00 | 200 | | The Hongkong And Shanghai Banking Corp.Ltd. | 1 | 200 | 0 | 200 | 0.00 | 200 | | Sub Total | 50 | 12,123,689 | 0 | 12,123,689 | 7.81 | 12,123,289 | |
| Any Others (Specify) | 2,144 | 2,704,133 | 0 | 2,704,133 | 1.74 | 2,703,683 | | HUF | 2,071 | 2,231,803 | 0 | 2,231,803 | 1.44 | 2,231,353 | | LLP | 36 | 356,016 | 0 | 356,016 | 0.23 | 356,016 | | Clearing Members | 31 | 105,656 | 0 | 105,656 | 0.07 | 105,656 | | Trusts | 5 | 9,000 | 0 | 9,000 | 0.01 | 9,000 | | Unclaimed or Suspense or Escrow Account | 1 | 1,658 | 0 | 1,658 | 0.00 | 1,658 | | Bodies Corporate | 405 | 3,184,704 | 0 | 3,184,704 | 2.05 | 3,182,804 | | Resident Individuals holding nominal share capital up to Rs. 2 lakhs | 87,068 | 25,924,061 | 0 | 25,924,061 | 16.70 | 25,442,743 | | Resident Individuals holding nominal share capital in excess of Rs. 2 lakhs | 150 | 8,555,409 | 0 | 8,555,409 | 5.51 | 8,555,409 | | Non Resident Indians (NRIs) | 1,432 | 2,682,790 | 0 | 2,682,790 | 1.73 | 2,682,790 | | Key Managerial Personnel | 1 | 10 | 0 | 10 | 0.00 | 10 | | Investor Education and Protection Fund (IEPF) | 1 | 685,825 | 0 | 685,825 | 0.44 | 685,825 | | Foreign Nationals | 1 | 100 | 0 | 100 | 0.00 | 100 | | Sub Total | 91,202 | 43,737,032 | 0 | 43,737,032 | 28.17 | 43,253,364 | |
| Central Government / President of India | 2 | 598,933 | 0 | 598,933 | 0.39 | 570,600 | | State Government / Governor | 4 | 10,955,373 | 0 | 10,955,373 | 7.06 | 10,955,373 | | Gujarat Power Corporation Limited | 1 | 4,977,491 | 0 | 4,977,491 | 3.21 | 4,977,491 | | Gujarat State Petroleum Corporation Limited | 1 | 3,697,000 | 0 | 3,697,000 | 2.38 | 3,697,000 | | Gujarat State Electricity Corporation Limited | 1 | 2,205,882 | 0 | 2,205,882 | 1.42 | 2,205,882 | | Sub Total | 6 | 11,554,306 | 0 | 11,554,306 | 7.45 | 11,525,973 | |
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