Shareholders holding 1% or more · latest filing Sep 2026
Share of total equity by holder type, with change since Mar 2026.
| Holder type | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 63.59% | 63.59% | 57.95% | 57.95% | 61.25% | 61.25% | 61.25% | 52.59% |
| FII / FPI | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| DII | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Retail & others | 36.41% | 36.41% | 42.05% | 42.05% | 38.75% | 38.75% | 38.75% | 47.41% |
| Non-public / other | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
19 current holders with 1% or more in the Sep 2026 filing. Click a name to see everything they hold.
| Holder | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 | Sep 2026 | Change (QoQ) |
|---|---|---|---|---|---|---|---|---|---|
| Rakesh Husmukhlal Shah Promoter | 58.53%0.38 | 58.53%0.38 | 53.33%0.38 | 53.33%0.38 | 56.99%0.44 | 56.99%0.44 | 56.99%0.44 | 48.94%0.44 | 8.05 pp |
| Apooni Rakesh Shah Promoter | 4.89%0.03 | 4.89%0.03 | 4.46%0.03 | 4.46%0.03 | 4.11%0.03 | 4.11%0.03 | 4.11%0.03 | 3.53%0.03 | 0.58 pp |
| M2c Trading & Merchandise Public | – | – | 3.2%0.02 | 3.2%0.02 | 2.95%0.02 | 2.95%0.02 | 2.95%0.02 | 2.53%0.02 | 0.42 pp |
| Axial Capital Private Limited Public | – | – | 2.83%0.02 | 2.83%0.02 | 2.61%0.02 | 2.61%0.02 | 2.61%0.02 | 2.24%0.02 | 0.37 pp |
| Nafisa Taherali Pardawala Public | – | – | – | – | – | 1.84%0.01 | 1.95%0.01 | 1.77%0.02 | 0.18 pp |
| Gaurav Singh Public New | – | – | – | – | – | – | – | 1.7%0.02 | – |
| Bhavya Jain Public New | – | – | – | – | – | – | – | 1.68%0.02 | – |
| Sagar Haresh Doshi Public New | – | – | – | – | – | – | – | 1.68%0.02 | – |
| Avira Investment Public | – | – | 2.83%0.02 | 2.83%0.02 | 1.8%0.01 | 1.8%0.01 | 1.8%0.01 | 1.55%0.01 | 0.25 pp |
| Ketanbhai Arvindray Shah Public New | – | – | – | – | – | – | – | 1.54%0.01 | – |
| Chirag Jaysukhbhai Mehta Public | 1.83%0.01 | 1.83%0.01 | 1.67%0.01 | 1.67%0.01 | 1.53%0.01 | 1.53%0.01 | 1.53%0.01 | 1.31%0.01 | 0.22 pp |
| Echjay Forging Industries Private Limited Public | 4.04%0.03 | 4.04%0.03 | 3.68%0.03 | 3.68%0.03 | 3.39%0.03 | 3.39%0.03 | 3.24%0.02 | 1.24%0.01 | 2 pp |
| Gaurav Ratilal Kacha Public | 1.49%0.01 | 1.52%0.01 | 1.42%0.01 | 1.42%0.01 | 1.31%0.01 | 1.31%0.01 | 1.31%0.01 | 1.12%0.01 | 0.19 pp |
| Bhavesh Mehta Public | – | – | – | – | 1.08%0.01 | 1.1%0.01 | 1.12%0.01 | 1.12%0.01 | 0 |
| Binita Bhavesh Mehta Public | – | – | – | – | – | – | 1.11%0.01 | 1.12%0.01 | 0.01 pp |
| Chintan Vidhyut Shah Public New | – | – | – | – | – | – | – | 1.09%0.01 | – |
| Jyotindra Ramniklal Doshi Promoter | 0.16%0.00 | 0.16%0.00 | 0.14%0.00 | 0.14%0.00 | 0.13%0.00 | 0.13%0.00 | 0.13%0.00 | 0.11%0.00 | 0.02 pp |
| LLP Public | – | 0.25%0.00 | 0.14%0.00 | 0.11%0.00 | – | – | 0.08%0.00 | 0.07%0.00 | 0.01 pp |
| Paresh H Shah Promoter | 0.02%0.00 | 0.02%0.00 | 0.02%0.00 | 0.02%0.00 | 0.01%0.00 | 0.01%0.00 | 0.01%0.00 | 0.01%0.00 | 0 |
| Hiren Jaysukhbhai Mehta Public Exited / below 1% | 1.34%0.01 | 1.34%0.01 | 1.22%0.01 | 1.22%0.01 | 1.12%0.01 | 1.12%0.01 | 1.12%0.01 | – | – |
| Nafisa Taheral Pardawala Public Exited / below 1% | – | – | – | – | 1.74%0.01 | – | – | – | – |
| Rikhav Securities Limited Public Exited / below 1% | 1.55%0.01 | 1.55%0.01 | 2.83%0.02 | 1.62%0.01 | – | – | – | – | – |
| Sonal Anil Vichare Public Exited / below 1% | 1.43%0.01 | 1.15%0.01 | – | – | – | – | – | – | – |
| Vikram Navalchand Shah Public Exited / below 1% | 1.55%0.01 | 1.55%0.01 | – | – | – | – | – | – | – |
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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