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 | 3 | 115,792,526 | 115,792,526 | 56.07 | 56.07 | 115,792,526 | | (B) Public | 66,765 | 90,708,900 | 90,708,900 | 43.93 | 43.93 | 90,177,904 | | (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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| Any Others (Specify) | 3 | 115,792,526 | 0 | 115,792,526 | 56.07 | 115,792,526 | | DUTCH US HOLDING BV | 1 | 82,667,832 | 0 | 82,667,832 | 40.03 | 82,667,832 | | DUTCH BRASIL HOLDING B.V. | 1 | 20,620,887 | 0 | 20,620,887 | 9.99 | 20,620,887 | | VRD AMERICAS B.V. | 1 | 12,503,807 | 0 | 12,503,807 | 6.06 | 12,503,807 | | Grand Total | 3 | 115,792,526 | 0 | 115,792,526 | 56.07 | 115,792,526 | |
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| Mutual Funds | 22 | 26,025,563 | 0 | 26,025,563 | 12.60 | 26,025,563 | | ICICI PRUDENTIAL MANUFACTURING FUND | 1 | 5,886,973 | 0 | 5,886,973 | 2.85 | 5,886,973 | | AXIS MUTUAL FUND TRUSTEE LIMITED A/C AXIS MUTUAL FUND A/C AX | 1 | 5,257,720 | 0 | 5,257,720 | 2.55 | 5,257,720 | | HDFC TRUSTEE COMPANY LTD. A/C HDFC BALANCED ADVANTAGE FUND | 1 | 3,129,865 | 0 | 3,129,865 | 1.52 | 3,129,865 | | NIPPON LIFE INDIA TRUSTEE LTD-A/C NIPPON INDIA SMALL CAP FUN | 1 | 2,083,937 | 0 | 2,083,937 | 1.01 | 2,083,937 | | Insurance Companies | 3 | 320,467 | 0 | 320,467 | 0.16 | 320,467 | | 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 | 2 | 19,177 | 0 | 19,177 | 0.01 | 19,177 | | NBFCs registered with RBI | 2 | 25,110 | 0 | 25,110 | 0.01 | 25,110 | | Overseas Depositories (holding DRs) (balancing figure) | 0 | 0 | 0 | 0 | 0.00 | 0 | | Banks | 3 | 7,000 | 0 | 7,000 | 0.00 | 2,000 | | Foreign Portfolio Investors Category I | 86 | 8,451,961 | 0 | 8,451,961 | 4.09 | 8,451,961 | | Other Financial Institutions | 0 | 0 | 0 | 0 | 0.00 | 0 | | Foreign Portfolio Investors Category II | 8 | 1,145,480 | 0 | 1,145,480 | 0.55 | 1,145,480 | | 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 | 126 | 35,994,758 | 0 | 35,994,758 | 17.42 | 35,989,758 | |
| Any Others (Specify) | 1,511 | 1,120,729 | 0 | 1,120,729 | 0.54 | 1,120,729 | | HUF | 1,389 | 675,294 | 0 | 675,294 | 0.33 | 675,294 | | Firm | 97 | 392,413 | 0 | 392,413 | 0.19 | 392,413 | | Trusts | 24 | 53,002 | 0 | 53,002 | 0.03 | 53,002 | | Clearing Members | 1 | 20 | 0 | 20 | 0.00 | 20 | | Bodies Corporate | 384 | 29,354,184 | 0 | 29,354,184 | 14.22 | 29,353,944 | | DALMIA BHARAT REFRACTORIES LIMITED | 1 | 27,020,000 | 0 | 27,020,000 | 13.08 | 27,020,000 | | Resident Individuals holding nominal share capital up to Rs. 2 lakhs | 63,255 | 18,007,115 | 0 | 18,007,115 | 8.72 | 17,481,359 | | Resident Individuals holding nominal share capital in excess of Rs. 2 lakhs | 4 | 1,423,265 | 0 | 1,423,265 | 0.69 | 1,423,265 | | Non Resident Indians (NRIs) | 1,482 | 1,591,979 | 0 | 1,591,979 | 0.77 | 1,591,979 | | Foreign Companies | 0 | 0 | 0 | 0 | 0.00 | 0 | | Key Managerial Personnel | 0 | 0 | 0 | 0 | 0.00 | 0 | | Investor Education and Protection Fund (IEPF) | 1 | 3,199,172 | 0 | 3,199,172 | 1.55 | 3,199,172 | | INVESTOR EDUCATION AND PROTECTION FUND | 1 | 3,199,172 | 0 | 3,199,172 | 1.55 | 3,199,172 | | Directors and their relatives (excluding independent directors and nominee directors) | 2 | 17,698 | 0 | 17,698 | 0.01 | 17,698 | | Foreign Nationals | 0 | 0 | 0 | 0 | 0.00 | 0 | | 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 | 66,639 | 54,714,142 | 0 | 54,714,142 | 26.50 | 54,188,146 | |
| 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 | 66,765 | 90,708,900 | 0 | 90,708,900 | 43.92 | 90,177,904 | |
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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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