Shareholders holding 1% or more · latest filing Sep 2026
Share of total equity by holder type, with change since Jun 2026.
| Holder type | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 90% | 90% | 84.02% | 84.02% | 84.02% | 84.02% | 84.02% | 74.03% |
| FII / FPI | 0.04% | 0.04% | 1.41% | 1.42% | 0.45% | 0.36% | 1.76% | 4.14% |
| DII | 0% | 0% | 0% | 0.07% | 0.08% | 0.07% | 0.23% | 11.18% |
| Retail & others | 9.96% | 9.96% | 14.57% | 14.48% | 15.45% | 15.55% | 13.98% | 10.64% |
| Non-public / other | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
15 current holders with 1% or more in the Sep 2026 filing. Click a name to see everything they hold.
| Holder | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | Change (QoQ) |
|---|---|---|---|---|---|---|---|---|---|
| G S E C LIMITED Promoter New | – | – | – | – | – | – | – | 26.15%15.64 | – |
| Himanshu Jayantilal Shah Promoter | 15.18%8.00 | 15.18%8.00 | 15.18%8.00 | 15.18%8.00 | 15.18%8.00 | 15.18%8.00 | 15.18%8.00 | 13.38%8.00 | 1.8 pp |
| Monarch Infraparks Private Limited Promoter | 10.84%5.71 | 10.84%5.71 | 7.85%4.14 | 7.85%4.14 | 7.85%4.14 | 7.85%4.14 | 7.85%4.14 | 6.92%4.14 | 0.93 pp |
| Rakesh Ramanlal Shah Promoter | 6.64%3.50 | 6.64%3.50 | 6.64%3.50 | 6.64%3.50 | 6.64%3.50 | 6.64%3.50 | 6.64%3.50 | 5.85%3.50 | 0.79 pp |
| SHAISHAV RAKESHBHAI SHAH Promoter New | – | – | – | – | – | – | – | 5.02%3.00 | – |
| MOTILAL OSWAL FOCUSED FUND Institution New | – | – | – | – | – | – | – | 3.73%2.23 | – |
| Vaibhav Jayantilal Shah Promoter | 3.8%2.00 | 3.8%2.00 | 3.8%2.00 | 3.8%2.00 | 3.8%2.00 | 3.8%2.00 | 3.8%2.00 | 3.34%2.00 | 0.46 pp |
| Bankim Jayantilal Shah Promoter | 3.8%2.00 | 3.8%2.00 | 3.8%2.00 | 3.8%2.00 | 3.8%2.00 | 3.8%2.00 | 3.8%2.00 | 3.34%2.00 | 0.46 pp |
| Bela Himanshu Shah Promoter | 3.8%2.00 | 3.8%2.00 | 3.8%2.00 | 3.8%2.00 | 3.8%2.00 | 3.8%2.00 | 3.8%2.00 | 3.34%2.00 | 0.46 pp |
| Kinnari Vaibhav Shah Promoter | 3.8%2.00 | 3.8%2.00 | 3.8%2.00 | 3.8%2.00 | 3.8%2.00 | 3.8%2.00 | 3.8%2.00 | 3.34%2.00 | 0.46 pp |
| HDFC TRUSTEE COMPANY LIMITED-HDFC FLEXI CAP FUND Institution New | – | – | – | – | – | – | – | 2.2%1.31 | – |
| Vrushali Himanshu Shah Promoter | 1.9%1.00 | 1.9%1.00 | 1.9%1.00 | 1.9%1.00 | 1.9%1.00 | 1.9%1.00 | 1.9%1.00 | 1.67%1.00 | 0.23 pp |
| ANUSHREE HIMANSHUBHAI SHAH Promoter New | – | – | – | – | – | – | – | 1.67%1.00 | – |
| SMALLCAP WORLD FUND, INC Institution New | – | – | – | – | – | – | – | 1.01%0.61 | – |
| Investor Education and Protection Fund (IEPF) Public | 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 |
| Shaishav Rakeshkumar Shah Promoter Exited / below 1% | 5.69%3.00 | 5.69%3.00 | 5.69%3.00 | 5.69%3.00 | 5.69%3.00 | 5.69%3.00 | 5.69%3.00 | – | – |
| Anushree Himanshu Shah Promoter Exited / below 1% | 1.9%1.00 | 1.9%1.00 | 1.9%1.00 | 1.9%1.00 | 1.9%1.00 | 1.9%1.00 | 1.9%1.00 | – | – |
| GSEC Limited Promoter Exited / below 1% | 32.67%17.21 | 32.67%17.21 | 29.68%15.64 | 29.68%15.64 | 29.68%15.64 | 29.68%15.64 | 29.68%15.64 | – | – |
| UNITBHAI SHANTILAL MEHTA Public Exited / below 1% | – | – | – | – | – | 1.09%0.58 | – | – | – |
| CATALYST TRUSTEESHIP LIMITED Public Exited / below 1% | 2.19%1.15 | 1.53%0.81 | 1.53%0.81 | – | – | – | – | – | – |
| QUADRATURE CAPITAL VECTOR SP LIMITED Institution Exited / below 1% | – | – | 1.09%0.57 | – | – | – | – | – | – |
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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