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 | 11 | 45,735,334 | 45,735,334 | 47.88 | 47.88 | 4,040,000 | 8.83 | 45,735,334 | | (B) Public | 39,746 | 49,790,764 | 49,790,764 | 52.12 | 52.12 | 0 | 0.00 | 49,616,781 | | (C1) Shares underlying DRs | 0 | 0 | 0 | 0.00 | 0.00 | 0 | 0.00 | 0 | | (C2) Shares held by Employee Trust | 0 | 0 | 0 | 0.00 | 0.00 | 0 | 0.00 | 0 | | (C) Non Promoter-Non Public | 0 | 0 | 0 | 0.00 | 0.00 | 0 | 0.00 | 0 |
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| Individuals / Hindu Undivided Family | 7 | 28,569,475 | 0 | 28,569,475 | 29.91 | 28,569,475 | | Chetan Navnitlal Shah | 1 | 13,673,814 | 0 | 13,673,814 | 14.31 | 13,673,814 | | Dina Chetan Shah | 1 | 9,202,360 | 0 | 9,202,360 | 9.63 | 9,202,360 | | Manan Chetan Shah | 1 | 4,157,135 | 0 | 4,157,135 | 4.35 | 4,157,135 | | Chaitali Nishit Salot | 1 | 1,262,626 | 0 | 1,262,626 | 1.32 | 1,262,626 | | Himani Chetan Shah | 1 | 142,980 | 0 | 142,980 | 0.15 | 142,980 | | Late Navnital Ratanji Shah | 1 | 129,460 | 0 | 129,460 | 0.14 | 129,460 | | Ankur Hitendra Shah | 0 | 0 | 0 | 0 | 0.00 | 0 | | Fizzah N Shah | 0 | 0 | 0 | 0 | 0.00 | 0 | | Natasha Anil Doshi | 0 | 0 | 0 | 0 | 0.00 | 0 | | Nishit Pradip Salot | 1 | 1,100 | 0 | 1,100 | 0.00 | 1,100 | | Any Other (specify) | 4 | 17,165,859 | 0 | 17,165,859 | 17.97 | 17,165,859 | | Ashapura Industrial Finance Limited | 1 | 17,035,819 | 0 | 17,035,819 | 17.83 | 17,035,819 | | Ashapura Overseas Private Limited | 1 | 125,000 | 0 | 125,000 | 0.13 | 125,000 | | Aeonx Digital Technology Ltd | 0 | 0 | 0 | 0 | 0.00 | 0 | | Ahapura Infraport LLP | 0 | 0 | 0 | 0 | 0.00 | 0 | | Alterra Pavana Private Limited | 0 | 0 | 0 | 0 | 0.00 | 0 | | Ambica Logistics Private Limited | 0 | 0 | 0 | 0 | 0.00 | 0 | | Arana Designs Solutions LLP | 0 | 0 | 0 | 0 | 0.00 | 0 | | Aseem Minerals LLP | 0 | 0 | 0 | 0 | 0.00 | 0 | | Ashapura Exports Private Limited | 0 | 0 | 0 | 0 | 0.00 | 0 | | Ashapura Infin Private Limited | 0 | 0 | 0 | 0 | 0.00 | 0 | | Ashapura Mine Explore Private Limited | 0 | 0 | 0 | 0 | 0.00 | 0 | | Ashmin Minerals Private Limited | 0 | 0 | 0 | 0 | 0.00 | 0 | | Athena Strategic Consultancy Private Limited | 0 | 0 | 0 | 0 | 0.00 | 0 | | Aura Alaklies & Chemicals Private Limited | 0 | 0 | 0 | 0 | 0.00 | 0 | | Avighna Eco Solutions LLP | 0 | 0 | 0 | 0 | 0.00 | 0 | | Gurbarga Trading Co Pvt Ltd | 1 | 2,520 | 0 | 2,520 | 0.00 | 2,520 | | Hemprabha Trading Co Pvt Ltd | 1 | 2,520 | 0 | 2,520 | 0.00 | 2,520 | | Indiamco Infrastructure And Real Estate Private Limited | 0 | 0 | 0 | 0 | 0.00 | 0 | | Mahagujarat Chamunda Cements Company Private Limited | 0 | 0 | 0 | 0 | 0.00 | 0 | | Manico Minerals International Private Limited | 0 | 0 | 0 | 0 | 0.00 | 0 | | Manico Resources Private Limited | 0 | 0 | 0 | 0 | 0.00 | 0 | | Maxim Global Resources Private Limited | 0 | 0 | 0 | 0 | 0.00 | 0 | | Minerva Management Consul-Tech Private Limited | 0 | 0 | 0 | 0 | 0.00 | 0 | | Minoraj Logistics LLP | 0 | 0 | 0 | 0 | 0.00 | 0 | | Minotech Resources LLP | 0 | 0 | 0 | 0 | 0.00 | 0 | | Saswan Minerals And Chemicals Pvt.Ltd. | 0 | 0 | 0 | 0 | 0.00 | 0 | | Grand Total | 11 | 45,735,334 | 0 | 45,735,334 | 47.88 | 45,735,334 | |
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| Mutual Funds | 2 | 201,756 | 0 | 201,756 | 0.21 | 201,756 | | Alternate Investment Funds | 5 | 133,451 | 0 | 133,451 | 0.14 | 133,451 | | NBFCs registered with RBI | 2 | 23,600 | 0 | 23,600 | 0.02 | 23,600 | | Banks | 2 | 8,000 | 0 | 8,000 | 0.01 | 8,000 | | Foreign Portfolio Investors Category I | 62 | 17,702,456 | 0 | 17,702,456 | 18.53 | 17,702,456 | | Albula Investment Fund Ltd | 1 | 4,757,017 | 0 | 4,757,017 | 4.98 | 4,757,017 | | Eriska Investment Fund Ltd | 1 | 3,757,345 | 0 | 3,757,345 | 3.93 | 3,757,345 | | Griffin Growth Fund Vcc | 1 | 3,467,750 | 0 | 3,467,750 | 3.63 | 3,467,750 | | Foreign Portfolio Investors Category II | 4 | 484,770 | 0 | 484,770 | 0.51 | 484,770 | | Other Foreign Institutions | 2 | 199,372 | 0 | 199,372 | 0.21 | 199,372 | | Foreign Mutual Fund | 2 | 199,372 | 0 | 199,372 | 0.21 | 199,372 | | Sub Total | 79 | 18,753,405 | 0 | 18,753,405 | 19.63 | 18,753,405 | |
| Any Others (Specify) | 1,277 | 3,131,358 | 0 | 3,131,358 | 3.28 | 3,131,358 | | HUF | 1,200 | 1,723,688 | 0 | 1,723,688 | 1.80 | 1,723,688 | | Clearing Members | 28 | 867,918 | 0 | 867,918 | 0.91 | 867,918 | | LLP | 46 | 538,181 | 0 | 538,181 | 0.56 | 538,181 | | Independent Director or his relatives | 1 | 1,200 | 0 | 1,200 | 0.00 | 1,200 | | Market Maker | 1 | 2 | 0 | 2 | 0.00 | 2 | | Trusts | 1 | 369 | 0 | 369 | 0.00 | 369 | | Bodies Corporate | 317 | 3,251,465 | 0 | 3,251,465 | 3.40 | 3,248,465 | | Resident Individuals holding nominal share capital up to Rs. 2 lakhs | 37,253 | 17,916,488 | 0 | 17,916,488 | 18.76 | 17,756,505 | | Resident Individuals holding nominal share capital in excess of Rs. 2 lakhs | 23 | 4,906,614 | 0 | 4,906,614 | 5.14 | 4,895,614 | | Non Resident Indians (NRIs) | 794 | 1,827,227 | 0 | 1,827,227 | 1.91 | 1,827,227 | | Key Managerial Personnel | 1 | 2,000 | 0 | 2,000 | 0.00 | 2,000 | | Investor Education and Protection Fund (IEPF) | 1 | 1,200 | 0 | 1,200 | 0.00 | 1,200 | | Directors and their relatives (excluding independent directors and nominee directors) | 1 | 1,007 | 0 | 1,007 | 0.00 | 1,007 | | Sub Total | 39,667 | 31,037,359 | 0 | 31,037,359 | 32.49 | 30,863,376 | |
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