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 | 9 | 855,233,387 | 855,233,387 | 71.19 | 71.19 | 4,700,000 | 0.55 | 855,233,387 | | (B) Public | 437,562 | 346,049,255 | 346,049,255 | 28.81 | 28.81 | 0 | 0.00 | 345,877,829 | | (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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| Individuals / Hindu Undivided Family | 2 | 2 | 0 | 2 | 0.00 | 2 | | Gautambhai Shantilal Adani | 1 | 1 | 0 | 1 | 0.00 | 1 | | Rajeshbhai Shantilal Adani | 1 | 1 | 0 | 1 | 0.00 | 1 | | Any Other (specify) | 2 | 699,251,985 | 0 | 699,251,985 | 58.21 | 699,251,985 | | Gautambhai Shantilal Adani and Rajeshbhai Shantilal Adani (on behalf of S.B. Adani Family Trust) | 1 | 601,634,660 | 0 | 601,634,660 | 50.08 | 601,634,660 | | Adani Tradeline Private Limited | 1 | 97,617,325 | 0 | 97,617,325 | 8.13 | 97,617,325 | | Adani Properties Private Limited | 0 | 0 | 0 | 0 | 0.00 | 0 | | Shri Gautam S. Adani/Smt.Priti G. Adani (on behalf of Gautam S. Adani Family Trust) | 0 | 0 | 0 | 0 | 0.00 | 0 | | Sub Total | 4 | 699,251,987 | 0 | 699,251,987 | 58.21 | 699,251,987 | |
| Any Others (Specify) | 5 | 155,981,400 | 0 | 155,981,400 | 12.98 | 155,981,400 | | Gelt Bery Trade and Investment Limited | 1 | 64,760,500 | 0 | 64,760,500 | 5.39 | 64,760,500 | | Afro Asia Trade And Investments Limited | 1 | 30,249,700 | 0 | 30,249,700 | 2.52 | 30,249,700 | | Worldwide Emerging Market Holding Limited | 1 | 30,249,700 | 0 | 30,249,700 | 2.52 | 30,249,700 | | Emerging Market Investment DMCC | 1 | 27,033,500 | 0 | 27,033,500 | 2.25 | 27,033,500 | | Flourishing Trade And Investment Limited | 1 | 3,688,000 | 0 | 3,688,000 | 0.31 | 3,688,000 | | Fortitude Trade and Investment Limited | 0 | 0 | 0 | 0 | 0.00 | 0 | | Sub Total | 5 | 155,981,400 | 0 | 155,981,400 | 12.98 | 155,981,400 | | Grand Total | 9 | 855,233,387 | 0 | 855,233,387 | 71.19 | 855,233,387 | |
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| Mutual Funds | 32 | 77,343,463 | 0 | 77,343,463 | 6.44 | 77,343,463 | | SBI Equity Hybrid Fund | 1 | 44,457,836 | 0 | 44,457,836 | 3.70 | 44,457,836 | | Insurance Companies | 6 | 43,463,853 | 0 | 43,463,853 | 3.62 | 43,463,853 | | Life Insurance Corporation of India | 1 | 41,081,207 | 0 | 41,081,207 | 3.42 | 41,081,207 | | 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 | 8 | 998,354 | 0 | 998,354 | 0.08 | 998,354 | | NBFCs registered with RBI | 4 | 1,709 | 0 | 1,709 | 0.00 | 1,709 | | Overseas Depositories (holding DRs) (balancing figure) | 0 | 0 | 0 | 0 | 0.00 | 0 | | Banks | 3 | 387 | 0 | 387 | 0.00 | 387 | | Foreign Portfolio Investors Category I | 174 | 145,859,860 | 0 | 145,859,860 | 12.14 | 145,859,860 | | Goldman Sachs Trust Ii - Goldman Sachs Gqg Partners International Opportunities Fund | 1 | 35,227,459 | 0 | 35,227,459 | 2.93 | 35,227,459 | | Gqg Partners Emerging Markets Equity Fund | 1 | 22,309,400 | 0 | 22,309,400 | 1.86 | 22,309,400 | | Inq Holding Llc | 1 | 12,868,770 | 0 | 12,868,770 | 1.07 | 12,868,770 | | Other Financial Institutions | 0 | 0 | 0 | 0 | 0.00 | 0 | | Foreign Portfolio Investors Category II | 13 | 15,945,356 | 0 | 15,945,356 | 1.33 | 15,945,356 | | 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 | 240 | 283,612,982 | 0 | 283,612,982 | 23.61 | 283,612,982 | |
| Any Others (Specify) | 3,857 | 2,234,641 | 0 | 2,234,641 | 0.19 | 2,234,641 | | HUF | 3,726 | 1,891,136 | 0 | 1,891,136 | 0.16 | 1,891,136 | | Body Corporate - LLP | 82 | 218,589 | 0 | 218,589 | 0.02 | 218,589 | | Clearing Members | 46 | 123,580 | 0 | 123,580 | 0.01 | 123,580 | | Trusts | 3 | 1,336 | 0 | 1,336 | 0.00 | 1,336 | | Bodies Corporate | 693 | 6,266,361 | 0 | 6,266,361 | 0.52 | 6,266,361 | | Resident Individuals holding nominal share capital up to Rs. 2 lakhs | 428,171 | 28,631,518 | 0 | 28,631,518 | 2.38 | 28,490,092 | | Resident Individuals holding nominal share capital in excess of Rs. 2 lakhs | 110 | 8,395,072 | 0 | 8,395,072 | 0.70 | 8,365,072 | | Non Resident Indians (NRIs) | 4,485 | 1,109,107 | 0 | 1,109,107 | 0.09 | 1,109,107 | | Foreign Companies | 1 | 15,682,600 | 0 | 15,682,600 | 1.31 | 15,682,600 | | Multi Ventures Limited | 1 | 15,682,600 | 0 | 15,682,600 | 1.31 | 15,682,600 | | Key Managerial Personnel | 1 | 49 | 0 | 49 | 0.00 | 49 | | Investor Education and Protection Fund (IEPF) | 0 | 0 | 0 | 0 | 0.00 | 0 | | Directors and their relatives (excluding independent directors and nominee directors) | 3 | 106,925 | 0 | 106,925 | 0.01 | 106,925 | | Foreign Nationals | 1 | 10,000 | 0 | 10,000 | 0.00 | 10,000 | | 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 | 437,322 | 62,436,273 | 0 | 62,436,273 | 5.20 | 62,264,847 | |
| 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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