UPL Ltd.

Shareholders holding 1% or more · latest filing Sep 2026

Ownership split · Sep 2026

Share of total equity by holder type, with change since Jun 2026.

Promoters 33.51% 0
FII / FPI 42.35% 0.04 pp
DII 14.31% 0.03 pp
Retail & others 8.5% 0.06 pp
Non-public / other 1.32% 0
Holder typeDec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Promoters33.5%33.5%33.5%33.5%33.5%33.51%33.51%33.51%
FII / FPI32.52%34.22%34.9%37.01%38.84%41.78%42.39%42.35%
DII18.71%18.36%18.1%17.16%16.73%14.65%14.34%14.31%
Retail & others12.33%10.92%10.58%9.45%8.78%8.74%8.44%8.5%
Non-public / other2.94%3%2.93%2.87%2.15%1.32%1.32%1.32%

Major shareholders

96 current holders with 1% or more in the Sep 2026 filing. Click a name to see everything they hold.

Holder Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026 Change (QoQ)
Demuric Holdings Private Limited Promoter 0.62%0.52 0.62%0.52 0.62%0.52 0.62%0.52 0.62%0.52 0.62%0.52 0.62%0.52 22.03%18.60 21.41 pp
Uniphos Enterprises Limited Promoter 5.15%4.35 5.05%4.27 5.05%4.27 4.94%4.17 4.94%4.17 4.94%4.17 4.94%4.17 4.94%4.17 0
Life Insurance Corporation Of India with Sub Accounts Institution New – – – – – 4.51%3.81 – 4.33%3.66 –
Icici Prudential India Opportunities Fund with Sub Accounts Institution New – – – – – – – 3.24%2.73 –
Sbi Contra Fund with Sub Accounts Institution New – – – – – 1.01%0.85 – 1.93%1.63 –
Suresight Ventures Limited Other 1.74%1.47 1.74%1.47 1.74%1.47 1.74%1.47 1.74%1.47 1.74%1.47 1.74%1.47 1.74%1.47 0
Harmonic Ventures Limited Other 1.61%1.36 1.61%1.36 1.61%1.36 1.61%1.36 1.61%1.36 1.61%1.36 1.61%1.36 1.61%1.36 0
Mfs International Growth Fund Institution 1.48%1.25 1.51%1.27 1.53%1.29 1.6%1.35 1.66%1.40 1.66%1.40 1.66%1.40 1.6%1.35 0.06 pp
Pzena Emerging Markets Value Fund Institution – – – – – – 1.49%1.25 1.47%1.24 0.02 pp
Lazard Emerging Markets Equity Portfolio Institution – – – – 1.02%0.86 1.14%0.96 1.27%1.07 1.45%1.23 0.18 pp
Jaidev Rajnikant Shroff Other 1.37%1.16 1.37%1.16 1.37%1.16 1.37%1.16 1.37%1.16 1.37%1.16 1.37%1.16 1.37%1.16 0
Jp Morgan Chase Bank, Na Custodian 2.94%2.48 3%2.53 2.93%2.47 2.87%2.43 2.15%1.81 1.32%1.11 1.32%1.11 1.32%1.11 0
Seafarer Overseas Growth & Income Fund Institution 1.23%1.04 1.09%0.92 1.23%1.04 1.11%0.94 1.11%0.94 1.12%0.95 1.16%0.98 1.16%0.98 0
Vanguard International Value Fund Institution 1%0.85 1.01%0.86 – – 1.15%0.97 1.19%1.01 1.19%1.01 1.16%0.98 0.03 pp
Vikram Rajnikant Shroff Other 1.14%0.96 1.14%0.96 1.14%0.96 1.14%0.96 1.14%0.96 1.14%0.96 1.14%0.96 1.14%0.96 0
National Pension Service Managed By Lazard Asset Management Llc with Sub Accounts Institution New – – – – – – – 1.13%0.96 –
Skagen Kon-Tiki Verdipapirfond Institution New – – – – – – – 1.02%0.86 –
Shilpa P Sagar Promoter 0.45%0.38 0.45%0.38 0.45%0.38 0.45%0.38 0.45%0.38 0.45%0.38 0.45%0.38 0.45%0.38 0
Investor Education and Protection Fund (IEPF) Public 0.21%0.18 0.21%0.18 0.21%0.18 – 0.22%0.18 0.21%0.18 0.21%0.18 0.21%0.18 0
Jyoti Manshankar Bhatt Promoter 0.12%0.10 0.12%0.10 0.12%0.10 0.12%0.10 0.12%0.10 0.12%0.10 0.12%0.10 0.12%0.10 0
Jai Singh Promoter 0.05%0.04 0.05%0.04 0.05%0.04 0.05%0.04 0.05%0.04 0.05%0.04 0.05%0.04 0.05%0.04 0
LLP Public 0.08%0.07 0.06%0.05 0.09%0.07 0.08%0.07 0.07%0.06 0.07%0.06 0.06%0.05 0.05%0.04 0.01 pp
Esthetic Finvest Private Limited Promoter 0.02%0.02 0.02%0.02 0.02%0.02 0.02%0.02 0.02%0.02 0.02%0.02 0.02%0.02 0.02%0.02 0
R Shroff Consultants Private Limited Promoter 0.02%0.02 0.02%0.02 0.02%0.02 0.02%0.02 0.02%0.02 0.02%0.02 0.02%0.02 0.02%0.02 0
Varun Jaidev Shroff Other 0.01%0.00 0.01%0.00 0.01%0.00 0.01%0.00 0.01%0.00 0.01%0.00 0.01%0.00 0.01%0.00 0
Rajnikant Devidas Shroff Promoter 0%0.00 0%0.00 0%0.00 0%0.00 0%0.00 0%0.00 0%0.00 0%0.00 0
Tania Jaidev Shroff Other 0%0.00 0%0.00 0%0.00 0%0.00 0%0.00 0%0.00 0%0.00 0%0.00 0
Mekhala Vikram Shroff Other 0%0.00 0%0.00 0%0.00 0%0.00 0%0.00 0%0.00 0%0.00 0%0.00 0
Namrata V Shroff Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Ranjit V Shroff Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Amla Dilip Baruwa Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Gaurav Dilip Baruwa Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Rudritara J Shroff Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Rajani Manhar Bhagat Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Sheetal Mafatlal Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Vankala Krishicare Private Limited Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Sanguine Novaseeds Private Limited Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Sanguine Holdings Private Limited Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Shatataraka Holdings Private Limited Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Vyom Finvest Private Limited Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Seiko Properties Private Limited Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Shroff Envirotral Private Limited Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Teknomic Consultants Private Limited Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Packfusion Packaging Solutions Private Limited Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Force Aviation Private Limited Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Uniphos International Limited Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Mrugal Properties Limited Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Agraja Properties Limited Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
JRF Research Pvt Limited Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Uniphos Envirotronic Private Limited Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Bloom Seal Foundation Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Magnus Properties Private Limited Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Nivi Trading Limited Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Accolade Properties Private Limited Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Sadafuli Finvest Private Limited Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Tatva Global Environment Private Limited Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Hardstone Properties (India) Private Limited Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Agrinet Solutions Ltd Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Ultima Newpro LLP Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Sarjan Chemicals Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Prakriya Pharmachem Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Urja Chemicals Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Ultima Search Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Akruti Products Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Vikram Farm Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Pot Plants Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Tishya Tropical Farm Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Jai Trust Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Ankleshwar Rotary Education Society Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Gnyan Dham Vapi Charitable Trust Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
R D Shroff Family Foundation Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
S R Shroff Charitable Trust Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Sandra Shroff Rofel College of Nursing Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Gnyan Dham Charitable Trust Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Bluetoss Inc. Other – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Delight Investments Limited Other – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Hexspun Limited Other – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Amytree Limited Other – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Squaredip Inc. Other – – 0%0 0%0 0%0 0%0 0%0 0%0 0
JRF International Limited Other – – 0%0 0%0 0%0 0%0 0%0 0%0 0
JRF America Inc Other – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Prasadah Trading DMCC Other – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Clocktower Management Limited Other – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Mindset Management Limited Other – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Venture Drive PTC Limited Other – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Uniphos Envirotronic Inc. Other – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Timberlane Pte Ltd Other – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Aconcagua Holding B.V Other – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Orizaba Holding Cooperatief U.A. Other – – 0%0 0%0 0%0 0%0 0%0 0%0 0
United Phosphorus Other – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Uniphos Other – – 0%0 0%0 0%0 0%0 0%0 0%0 0
The Victory Trust Other – – 0%0 0%0 0%0 0%0 0%0 0%0 0
The Jewel Trust Other – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Poonam Shroff * Promoter – – – – – – 0%0.00 0%0.00 0
Floratip Limited Other – – – – – – 0%0 0%0 0
Sandra Rajnikant Shroff # Other New – – – – – – – 0%0.00 –
Nerka Chemicals Pvt Ltd Promoter Exited / below 1% 21.2%17.90 21.29%17.98 21.29%17.98 21.41%18.08 21.41%18.08 21.41%18.08 21.41%18.08 – –
Sandra Rajnikant Shroff Other Exited / below 1% 0%0.00 0%0.00 0%0.00 0%0.00 0%0.00 0%0.00 0%0.00 – –
Life Insurance Corporation Of India Institution Exited / below 1% 7.28%6.14 7.28%6.14 7.24%6.11 6.66%5.62 5.31%4.48 – 3.48%2.93 – –
Gowal Consulting Services Private Limited Promoter Exited / below 1% – – 0%0 0%0 0%0 0%0 0%0 – –
Gem Consulting Limited Other Exited / below 1% – – 0%0 0%0 0%0 0%0 0%0 – –
Legacy Investing S.A. Other Exited / below 1% – – 0%0 0%0 0%0 0%0 0%0 – –
JS Investments Limited Other Exited / below 1% – – 0%0 0%0 0%0 0%0 0%0 – –
VS Investments Limited Other Exited / below 1% – – 0%0 0%0 0%0 0%0 0%0 – –
ICICI Prudential India Opportunities Fund Institution Exited / below 1% – – – – – – 3.69%3.11 – –
SBI Contra Fund Institution Exited / below 1% – – – – – – 1.86%1.57 – –
National Pension Service Managed By Panagora Asset Management, Inc. Institution Exited / below 1% – – – – – – 1.04%0.88 – –
Poonam Shroff Promoter Exited / below 1% 0%0.00 0%0.00 0%0.00 0%0.00 0%0.00 0%0.00 – – –
 Floratip Limited Other Exited / below 1% – – 0%0 0%0 0%0 0%0 – – –
Sbi Life Insurance Co. Ltd Institution Exited / below 1% – – – 1.31%1.10 1.71%1.45 1.15%0.97 – – –
Icici Prudential Multi-Asset Fund with Sub Accounts Institution Exited / below 1% – – – – – 2.49%2.11 – – –
National Pension Service Managed By Panagora Asset Management, Inc. with Sub Accounts Institution Exited / below 1% – – – – – 1.04%0.88 – – –
Icici Prudential Multi-Asset Fund Institution Exited / below 1% – 4.24%3.58 3.84%3.24 2.98%2.51 2.44%2.06 – – – –
Custodian Public Exited / below 1% – – – 0%0.00 – – – – –
Mfs Emerging Markets Equity Fund Institution Exited / below 1% 1.46%1.23 1.3%1.10 1%0.85 – – – – – –
VJS Investments Limited Other Exited / below 1% – – 0%0 – – – – – –
Spider Investments Limited Other Exited / below 1% – – 0%0 – – – – – –
Mirae Asset Large Cap Fund Institution Exited / below 1% – – 0.93%0.78 – – – – – –
Vanguard Total International Stock Index Fund Institution Exited / below 1% – – 0.97%0.82 – – – – – –
Stichting Depositary Apg Emerging Markets Equity Pool Institution Exited / below 1% – – 0.96%0.81 – – – – – –
Icici Prudential Large & Mid Cap Fund Institution Exited / below 1% 5.21%4.40 – – – – – – – –

Companies only disclose holders with 1% or more, so “Exited / below 1%” can also mean the stake fell under 1%. “pp” = percentage points.

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