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 | 7 | 33,986,310 | 33,986,310 | 46.28 | 46.28 | 33,986,310 | | (B) Public | 68,429 | 39,450,618 | 39,450,618 | 53.72 | 53.72 | 38,949,479 | | (C1) Shares underlying DRs | 0 | 0 | 0 | 0.00 | 0.00 | 0 | | (C2) Shares held by Employee Trust | 0 | 0 | 0 | 0.00 | 0.00 | 0 | | (C) Non Promoter-Non Public | 0 | 0 | 0 | 0.00 | 0.00 | 0 |
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| Any Other (specify) | 6 | 33,986,289 | 0 | 33,986,289 | 46.28 | 33,986,289 | | Gujarat State Investments Limited | 1 | 15,329,373 | 0 | 15,329,373 | 20.87 | 15,329,373 | | Gujarat Industrial Investment Corporation Limited | 1 | 7,119,028 | 0 | 7,119,028 | 9.69 | 7,119,028 | | Gujarat Mineral Development Corporation Ltd | 1 | 4,145,433 | 0 | 4,145,433 | 5.64 | 4,145,433 | | Gujarat Industrial Development Corporation | 1 | 2,897,740 | 0 | 2,897,740 | 3.95 | 2,897,740 | | Gujarat Maritime Board | 1 | 2,734,719 | 0 | 2,734,719 | 3.72 | 2,734,719 | | Gujarat Narmada Valley Fertilizers And Chemicals Limited | 1 | 1,759,996 | 0 | 1,759,996 | 2.40 | 1,759,996 | | Central Government/ State Government(s) | 1 | 21 | 0 | 21 | 0.00 | 21 | | Governor Of Gujarat | 1 | 21 | 0 | 21 | 0.00 | 21 | | Grand Total | 7 | 33,986,310 | 0 | 33,986,310 | 46.28 | 33,986,310 | |
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| Mutual Funds | 5 | 2,325,529 | 0 | 2,325,529 | 3.17 | 2,325,182 | | Icici Prudential Smallcap Fund | 1 | 2,324,686 | 0 | 2,324,686 | 3.17 | 2,324,686 | | Insurance Companies | 2 | 1,159,179 | 0 | 1,159,179 | 1.58 | 1,159,129 | | The New India Assurance Company Limited | 1 | 1,159,129 | 0 | 1,159,129 | 1.58 | 1,159,129 | | NBFCs registered with RBI | 2 | 1,375 | 0 | 1,375 | 0.00 | 1,375 | | Banks | 6 | 1,497 | 0 | 1,497 | 0.00 | 1,072 | | Foreign Portfolio Investors Category I | 38 | 702,667 | 0 | 702,667 | 0.96 | 702,667 | | Foreign Portfolio Investors Category II | 2 | 2,158 | 0 | 2,158 | 0.00 | 2,158 | | Other Foreign Institutions | 2 | 103 | 0 | 103 | 0.00 | 36 | | Foreign Banks | 2 | 103 | 0 | 103 | 0.00 | 36 | | Sub Total | 57 | 4,192,508 | 0 | 4,192,508 | 5.71 | 4,191,619 | |
| Any Others (Specify) | 1,370 | 607,846 | 0 | 607,846 | 0.83 | 548,122 | | HUF | 1,291 | 448,888 | 0 | 448,888 | 0.61 | 448,631 | | Clearing Members | 27 | 71,683 | 0 | 71,683 | 0.10 | 71,683 | | Trusts | 4 | 53,431 | 0 | 53,431 | 0.07 | 1,337 | | LLP | 38 | 26,117 | 0 | 26,117 | 0.04 | 26,117 | | Societies | 8 | 6,212 | 0 | 6,212 | 0.01 | 0 | | Unclaimed or Suspense or Escrow Account | 1 | 1,515 | 0 | 1,515 | 0.00 | 354 | | Bodies Corporate | 325 | 21,834,210 | 0 | 21,834,210 | 29.73 | 21,832,155 | | Lok Prakashan Ltd | 1 | 16,269,355 | 0 | 16,269,355 | 22.15 | 16,269,355 | | Gujarat State Fertilizers & Chemicals Limited | 1 | 1,655,040 | 0 | 1,655,040 | 2.25 | 1,655,040 | | Meridian Chem Bond Private Limited | 1 | 1,647,304 | 0 | 1,647,304 | 2.24 | 1,647,304 | | Gujarat Industries Power Company Ltd. | 1 | 1,103,360 | 0 | 1,103,360 | 1.50 | 1,103,360 | | Resident Individuals holding nominal share capital up to Rs. 2 lakhs | 65,169 | 9,428,389 | 0 | 9,428,389 | 12.84 | 8,990,558 | | Resident Individuals holding nominal share capital in excess of Rs. 2 lakhs | 15 | 2,593,700 | 0 | 2,593,700 | 3.53 | 2,593,700 | | Shreyans Shantilal Shah | 1 | 1,295,913 | 0 | 1,295,913 | 1.76 | 1,295,913 | | Non Resident Indians (NRIs) | 1,490 | 405,782 | 0 | 405,782 | 0.55 | 405,142 | | Foreign Companies | 0 | 0 | 0 | 0 | 0.00 | 0 | | Investor Education and Protection Fund (IEPF) | 1 | 387,992 | 0 | 387,992 | 0.53 | 387,992 | | Foreign Nationals | 1 | 141 | 0 | 141 | 0.00 | 141 | | Sub Total | 68,371 | 35,258,060 | 0 | 35,258,060 | 48.01 | 34,757,810 | |
| State Government / Governor | 1 | 50 | 0 | 50 | 0.00 | 50 | | Sub Total | 1 | 50 | 0 | 50 | 0.00 | 50 | |
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