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
30/09/2025
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| (A) Promoter & Promoter Group | 3 | 115,792,526 | 115,792,526 | 56.07 | 56.07 | 115,792,526 | | (B) Public | 69,846 | 90,708,900 | 90,708,900 | 43.93 | 43.93 | 90,141,904 | | (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 | 21 | 25,241,441 | 0 | 25,241,441 | 12.22 | 25,241,441 | | ICICI PRUDENTIAL MANUFACTURING FUND | 1 | 5,886,624 | 0 | 5,886,624 | 2.85 | 5,886,624 | | AXIS MUTUAL FUND TRUSTEE LIMITED A/C AXIS MUTUAL FUND A/C AX | 1 | 5,383,145 | 0 | 5,383,145 | 2.61 | 5,383,145 | | HDFC TRUSTEE COMPANY LTD. A/C HDFC BALANCED ADVANTAGE FUND | 1 | 3,214,871 | 0 | 3,214,871 | 1.56 | 3,214,871 | | NIPPON LIFE INDIA TRUSTEE LTD-A/C NIPPON INDIA SMALL CAP FUN | 1 | 2,081,352 | 0 | 2,081,352 | 1.01 | 2,081,352 | | Insurance Companies | 2 | 302,303 | 0 | 302,303 | 0.15 | 302,303 | | 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 | 19,182 | 0 | 19,182 | 0.01 | 19,182 | | NBFCs registered with RBI | 1 | 25,000 | 0 | 25,000 | 0.01 | 25,000 | | 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 | 82 | 9,209,103 | 0 | 9,209,103 | 4.46 | 9,209,103 | | Other Financial Institutions | 0 | 0 | 0 | 0 | 0.00 | 0 | | Foreign Portfolio Investors Category II | 8 | 1,135,163 | 0 | 1,135,163 | 0.55 | 1,135,163 | | 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 | 119 | 35,939,192 | 0 | 35,939,192 | 17.40 | 35,934,192 | |
| Any Others (Specify) | 1,593 | 1,053,142 | 0 | 1,053,142 | 0.51 | 1,053,142 | | HUF | 1,432 | 674,165 | 0 | 674,165 | 0.33 | 674,165 | | Firm | 113 | 299,990 | 0 | 299,990 | 0.15 | 299,990 | | Trusts | 41 | 73,084 | 0 | 73,084 | 0.04 | 73,084 | | Clearing Members | 7 | 5,903 | 0 | 5,903 | 0.00 | 5,903 | | Bodies Corporate | 473 | 29,155,625 | 0 | 29,155,625 | 14.12 | 29,155,385 | | 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 | 65,995 | 18,308,064 | 0 | 18,308,064 | 8.87 | 17,746,308 | | Resident Individuals holding nominal share capital in excess of Rs. 2 lakhs | 4 | 1,433,465 | 0 | 1,433,465 | 0.69 | 1,433,465 | | Non Resident Indians (NRIs) | 1,659 | 1,594,542 | 0 | 1,594,542 | 0.77 | 1,594,542 | | 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 | 3,207,172 | 0 | 3,207,172 | 1.55 | 3,207,172 | | INVESTOR EDUCATION AND PROTECTION FUND | 1 | 3,207,172 | 0 | 3,207,172 | 1.55 | 3,207,172 | | 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 | 69,727 | 54,769,708 | 0 | 54,769,708 | 26.52 | 54,207,712 | |
| 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 | |
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