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 | 119,441,430 | 119,441,430 | 70.11 | 69.91 | 0 | 0.00 | 119,441,430 | | (B) Public | 81,638 | 50,911,614 | 50,911,614 | 29.89 | 30.09 | 851,212 | 1.67 | 49,563,974 | | (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) | 0 | 0 | 0 | 0 | 0.00 | 0 | | Essar Steel Metal Trading Limited | 0 | 0 | 0 | 0 | 0.00 | 0 | | Sub Total | 0 | 0 | 0 | 0 | 0.00 | 0 | |
| Any Others (Specify) | 1 | 119,441,430 | 0 | 119,441,430 | 70.11 | 119,441,430 | | Essar Telecom Limited | 1 | 119,441,430 | 0 | 119,441,430 | 70.11 | 119,441,430 | | Equinox Capital Limited | 0 | 0 | 0 | 0 | 0.00 | 0 | | Equinox Realty Holdings Limited | 0 | 0 | 0 | 0 | 0.00 | 0 | | Essar Global Fund Limited | 0 | 0 | 0 | 0 | 0.00 | 0 | | Essar Global Holdings Limited | 0 | 0 | 0 | 0 | 0.00 | 0 | | Essar Global Limited | 0 | 0 | 0 | 0 | 0.00 | 0 | | Essar Investment Holdings Mauritius Ltd | 0 | 0 | 0 | 0 | 0.00 | 0 | | Grand Total | 1 | 119,441,430 | 0 | 119,441,430 | 70.11 | 119,441,430 | |
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| Mutual Funds | 9 | 4,129,386 | 0 | 4,129,386 | 2.42 | 4,115,816 | | QUANT MUTUAL FUND - QUANT SMALL CAP FUND | 1 | 3,743,890 | 0 | 3,743,890 | 2.20 | 3,743,890 | | Insurance Companies | 2 | 1,000 | 0 | 1,000 | 0.00 | 0 | | Alternate Investment Funds | 2 | 62,345 | 0 | 62,345 | 0.04 | 62,345 | | Banks | 3 | 3,000 | 0 | 3,000 | 0.00 | 2,000 | | Foreign Portfolio Investors Category I | 67 | 5,678,683 | 0 | 5,678,683 | 3.33 | 5,678,683 | | INDIA OPPORTUNITIES GROWTH FUND LTD - PINEWOOD STRATEGY | 1 | 3,106,728 | 0 | 3,106,728 | 1.82 | 3,106,728 | | Foreign Portfolio Investors Category II | 8 | 171,911 | 0 | 171,911 | 0.10 | 171,911 | | Sub Total | 91 | 10,046,325 | 0 | 10,046,325 | 5.89 | 10,030,755 | |
| Any Others (Specify) | 1,155 | 3,896,291 | 0 | 3,896,291 | 2.29 | 3,896,291 | | LLP | 38 | 2,524,461 | 0 | 2,524,461 | 1.48 | 2,524,461 | | CITOC INVESTMENT SERVICES LLP | 1 | 1,797,075 | 0 | 1,797,075 | 1.05 | 1,797,075 | | HUF | 1,113 | 1,354,690 | 0 | 1,354,690 | 0.80 | 1,354,690 | | Trusts | 2 | 15,000 | 0 | 15,000 | 0.01 | 15,000 | | Clearing Members | 1 | 140 | 0 | 140 | 0.00 | 140 | | Unclaimed or Suspense or Escrow Account | 1 | 2,000 | 0 | 2,000 | 0.00 | 2,000 | | Bodies Corporate | 338 | 7,381,442 | 0 | 7,381,442 | 4.33 | 7,372,412 | | Resident Individuals holding nominal share capital up to Rs. 2 lakhs | 79,189 | 15,961,519 | 0 | 15,961,519 | 9.37 | 15,064,654 | | Resident Individuals holding nominal share capital in excess of Rs. 2 lakhs | 21 | 9,649,042 | 0 | 9,649,042 | 5.66 | 9,449,197 | | SUBODH MASKARA | 1 | 4,544,346 | 0 | 4,544,346 | 2.67 | 4,544,346 | | Non Resident Indians (NRIs) | 836 | 412,260 | 0 | 412,260 | 0.24 | 401,260 | | Foreign Companies | 2 | 2,000 | 0 | 2,000 | 0.00 | 0 | | Investor Education and Protection Fund (IEPF) | 1 | 719,365 | 0 | 719,365 | 0.42 | 719,365 | | Directors and their relatives (excluding independent directors and nominee directors) | 4 | 2,630,040 | 0 | 2,630,040 | 1.54 | 2,630,040 | | SANJEEV S VERMA | 1 | 2,134,985 | 0 | 2,134,985 | 1.25 | 2,134,985 | | Sub Total | 81,546 | 40,651,959 | 0 | 40,651,959 | 23.85 | 39,533,219 | |
| Shareholding by Companies or Bodies Corporate where Central / State Government is a promoter | 1 | 213,330 | 0 | 213,330 | 0.13 | 0 | | Sub Total | 1 | 213,330 | 0 | 213,330 | 0.13 | 0 | |
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