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Madhusudan Masala Ltd.

Shareholders holding 1% or more · latest filing Sep 2026

MF holdings Company page

Ownership split · Sep 2026

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

Promoters 70.44% 0.91 pp
FII / FPI 0.68% 0.04 pp
DII 0.86% 4.05 pp
Retail & others 28.02% 3.19 pp
Non-public / other 0% 0
Holder typeSep 2023Mar 2024Sep 2024Mar 2025Sep 2025Mar 2026Sep 2026
Promoters73.64%73.69%66.93%68.09%68.09%69.53%70.44%
FII / FPI3.74%1.01%1.11%0.04%0.44%0.72%0.68%
DII3.69%0.9%4.91%4.89%4.99%4.91%0.86%
Retail & others18.93%24.4%27.05%26.99%26.48%24.83%28.02%
Non-public / other0%0%0%0%0%0%0%

Major shareholders

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

Holder Sep 2023Mar 2024Sep 2024Mar 2025Sep 2025Mar 2026Sep 2026 Change (QoQ)
Rishit Dayalaji Kotecha Promoter 17.72%0.23 17.72%0.23 15.89%0.23 16.28%0.24 16.28%0.24 17.92%0.27 19.31%0.31 1.39 pp
HIREN KOTECHA Promoter – 17.72%0.23 15.89%0.23 16.07%0.23 16.07%0.23 17.69%0.27 19.11%0.31 1.42 pp
Dayalji Vanravan Kotecha Promoter 12.4%0.16 12.4%0.16 11.12%0.16 11.06%0.16 11.06%0.16 10.5%0.16 9.92%0.16 0.58 pp
Vijaykumar Vanravan Kotecha Promoter 12.4%0.16 12.4%0.16 11.12%0.16 11.06%0.16 11.06%0.16 10.5%0.16 9.92%0.16 0.58 pp
Foram Rishit Kotecha Promoter 6.63%0.09 6.63%0.09 5.94%0.09 5.91%0.09 5.91%0.09 5.61%0.09 5.3%0.09 0.31 pp
Mayuri Hiren Kotecha Promoter 6.63%0.09 6.63%0.09 5.94%0.09 5.91%0.09 5.91%0.09 5.61%0.09 5.3%0.09 0.31 pp
PARESH N BHAGAT Public – – 3.13%0.05 3.11%0.05 2.97%0.04 2.81%0.04 2.64%0.04 0.17 pp
Madhusudan Auto-Biz Private Limited Promoter 0.14%0.00 0.14%0.00 0.99%0.01 1.76%0.03 1.76%0.03 1.67%0.03 1.57%0.03 0.1 pp
Anilbhai Parsotam Raichura Promoter – 0.05%0.00 0.04%0.00 0.04%0.00 0.04%0.00 0.04%0.00 0.01%0.00 0.03 pp
Bakulbhai Vanravan Popat Promoter – – 0%0 0%0 0%0 0%0 0%0 0
Champaben Vrundavan Popat Promoter – – 0%0 0%0 0%0 0%0 0%0 0
Chandrikaben Dayalaji Kotecha Promoter – – 0%0 0%0 0%0 0%0 0%0 0
Chhotalal Parsotam Raichura Promoter – – 0%0 0%0 0%0 0%0 0%0 0
Dharmanshu Gangaram Bhatt Promoter – – 0%0 0%0 0%0 0%0 0%0 0
Dhirajben Vijaykumar Kotecha Promoter – – 0%0 0%0 0%0 0%0 0%0 0
Dipika Kishan Popat Promoter – – 0%0 0%0 0%0 0%0 0%0 0
Dipikaben Dharmanshu Bhatt Promoter – – 0%0 0%0 0%0 0%0 0%0 0
Divyesh Naginbhai Dattani Promoter – – 0%0 0%0 0%0 0%0 0%0 0
Herat Rishit Kotecha Promoter – – 0%0 0%0 0%0 0%0 0%0 0
Jagdishbhai Vanravan Popat Promoter – – 0%0 0%0 0%0 0%0 0%0 0
Jamnaben Gokaldas Davda Promoter – – 0%0 0%0 0%0 0%0 0%0 0
Jamnaben Pramodlal Ghelani Promoter – – 0%0 0%0 0%0 0%0 0%0 0
Jyotsnaben Vrajlal Modi Promoter – – 0%0 0%0 0%0 0%0 0%0 0
Kashyap Dharmanshu Bhatt Promoter – – 0%0 0%0 0%0 0%0 0%0 0
Labhuben Natvarlal Sayani Promoter – – 0%0 0%0 0%0 0%0 0%0 0
Lilavantiben Karsandas Richatha Promoter – – 0%0 0%0 0%0 0%0 0%0 0
Madhuben Vrajlal Davda Promoter – – 0%0 0%0 0%0 0%0 0%0 0
Mahendrabhai Parsotam Raichura Promoter – – 0%0 0%0 0%0 0%0 0%0 0
Manjuben Kantilal Popat Promoter – – 0%0 0%0 0%0 0%0 0%0 0
Meenaben Rameshkumar Tanna Promoter – – 0%0 0%0 0%0 0%0 0%0 0
Milan Dharmanshu Bhatt Promoter – – 0%0 0%0 0%0 0%0 0%0 0
Naginbhai Girdharbhai Dattani Promoter – – 0%0 0%0 0%0 0%0 0%0 0
Nandlal Vanravan Popat Promoter – – 0%0 0%0 0%0 0%0 0%0 0
Narmadaben Kishorkumar Kundalia Promoter – – 0%0 0%0 0%0 0%0 0%0 0
Nirmalaben Kantilal Manik Promoter – – 0%0 0%0 0%0 0%0 0%0 0
Nirmalaben Karsandas Davda Promoter – – 0%0 0%0 0%0 0%0 0%0 0
Paridhi Hiren Kotecha Promoter – – 0%0 0%0 0%0 0%0 0%0 0
Parshootam Liladhar Raichura Promoter – – 0%0 0%0 0%0 0%0 0%0 0
Pushpaben Parshootambhai Raichura Promoter – – 0%0 0%0 0%0 0%0 0%0 0
Radhika Rakesh Thakkar Promoter – – 0%0 0%0 0%0 0%0 0%0 0
Ramaben Kantilal Sonecha Promoter – – 0%0 0%0 0%0 0%0 0%0 0
Reena Tulesh Bariya Promoter – – 0%0 0%0 0%0 0%0 0%0 0
Riddhiben Bipinkumar Tanna Promoter – – 0%0 0%0 0%0 0%0 0%0 0
Roopaben Jigneshkumar Barchha Promoter – – 0%0 0%0 0%0 0%0 0%0 0
Shantaben Vanravan Kotecha Promoter – – 0%0 0%0 0%0 0%0 0%0 0
Shantilal Parsotam Raichura Promoter – – 0%0 0%0 0%0 0%0 0%0 0
Sonalben Shaileshkumar Vasant Promoter – – 0%0 0%0 0%0 0%0 0%0 0
Subhashbhai Parsotam Raichura Promoter – – 0%0 0%0 0%0 0%0 0%0 0
Swati Ruhil Majithiya Promoter – – 0%0 0%0 0%0 0%0 0%0 0
Vanravan Liladhar Kotecha Promoter – – 0%0 0%0 0%0 0%0 0%0 0
Vanshika Hiren Kotecha Promoter – – 0%0 0%0 0%0 0%0 0%0 0
Varshaben Naginbhai Dattani Promoter – – 0%0 0%0 0%0 0%0 0%0 0
Vijyaben Govidlal Dattani Promoter – – 0%0 0%0 0%0 0%0 0%0 0
Vrundavan Premji Popat Promoter – – 0%0 0%0 0%0 0%0 0%0 0
Yuvraj Hiren Kotecha Promoter – – 0%0 0%0 0%0 0%0 0%0 0
Kotecha Dayalji Vanravan HUF Promoter – – 0%0 0%0 0%0 0%0 0%0 0
Vijay Vanravan Kotecha HUF Promoter – – 0%0 0%0 0%0 0%0 0%0 0
Hiren Vijaykumar Kotecha HUF Promoter – – 0%0 0%0 0%0 0%0 0%0 0
Rishit Dayal Jibhai Kotecha (HUF) Promoter – – 0%0 0%0 0%0 0%0 0%0 0
Madhusudan Agri Processing And Coldstorage Private Limited Promoter – – 0%0 0%0 0%0 0%0 0%0 0
Mangalya Infrabuild LLP Promoter – – 0%0 0%0 0%0 0%0 0%0 0
Madhusudan & Co. (BSNL) Khambhaliya Promoter – – 0%0 0%0 0%0 0%0 0%0 0
Madhusudan & Co.(BSNL), Jamnagar Promoter – – 0%0 0%0 0%0 0%0 0%0 0
Milan Buildcon Promoter – – 0%0 0%0 0%0 0%0 0%0 0
Shreeji Developers Promoter – – 0%0 0%0 0%0 0%0 0%0 0
Manorath Developers Promoter – – 0%0 0%0 0%0 0%0 0%0 0
Madhusudan & Co. (Mumbai) Promoter – – 0%0 0%0 0%0 0%0 0%0 0
Madhusudan & Co., Rajkot Promoter – – 0%0 0%0 0%0 0%0 0%0 0
Madhusudan & Co., Ahmedabad Promoter – – 0%0 0%0 0%0 0%0 0%0 0
Madhusudan Services Promoter – – 0%0 0%0 0%0 0%0 0%0 0
VITAGREEN PRODUCTS PRIVATE LIMITED Promoter New – – – 0%0 – – 0%0 –
COMPACT STRUCTURE FUND Institution Exited / below 1% – – 4.1%0.06 4.08%0.06 4.08%0.06 3.87%0.06 – –
LLP Public Exited / below 1% – – 0.21%0.00 0.21%0.00 – – – –
ARUNA R JAIN Public Exited / below 1% – 1.44%0.02 – – – – – –
Hiren Vijaykumar Kotecha Promoter Exited / below 1% 17.72%0.23 – – – – – – –
FINAVENUE CAPITAL TRUST - FINAVENUE GROWTH FUND Institution Exited / below 1% 1.29%0.02 – – – – – – –
KNIGHTSTONE CAPITAL LLP Institution Exited / below 1% 1.12%0.01 – – – – – – –
NEXT ORBIT VENTURES FUND Institution Exited / below 1% 1.18%0.02 – – – – – – –
RAJASTHAN GLOBAL SECURITIES PRIVATE LIMITED Public Exited / below 1% 1.33%0.02 – – – – – – –
NAV CAPITAL VCC - NAV CAPITAL EMERGING STAR FUND Public Exited / below 1% 1.16%0.02 – – – – – – –
MERU INVESTMENT FUND PCC-CELL 1 Public Exited / below 1% 1.91%0.02 – – – – – – –
HEM FINLEASE PRIVATE LIMITED Public Exited / below 1% 1.32%0.02 – – – – – – –

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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