Aarti Pharmalabs shareholders and shareholding pattern

NSE: AARTIPHARMBSE: 543748Pharmaceuticals & BiotechnologySmall Cap

Aarti Pharmalabs Limited · Face value ₹5 · Listed Jan 2023

₹881.95₹3.95 (0.45%)BSE ₹879.70

Share price at the NSE close on 28 Oct 2026. Previous close ₹885.90.

28 Oct: open ₹892.50, high ₹898.90, low ₹869.40

52-week range of traded prices to 28 Oct 2026

₹585.00Low, 30 Mar 2026₹1,002.40High, 30 Sep 2026

Next results date: the board meets on 28 Oct 2026 to consider: financial results. The notice · Results calendar

Market cap: ₹7,998 Cr705th largest listed
P/E: Earlier quarters restated in the year
P/B: 3.76
Dividend yield: 0.40%
ROCE: 11.2%
Debt to equity: 0.32
Volume, NSE: 4,66,96134.1% delivered

Aarti Pharmalabs' shareholding pattern for Sep 2026, filed on 17 Oct 2026, with every filing from Mar 2023: who owns its shares by group, its promoters by name and its public holders of 1% or more.

Who owns Aarti Pharmalabs, filing by filing

Per cent of the company's shares.

Sep 2026 filing

Promoters39.66%
Foreign institutions8.15%
Indian institutions8.40%
Governments0.01%
Individuals and others43.78%

Shareholding pattern, per cent

Promoters
Foreign institutions
Indian institutions
Governments
Individuals and others

Per cent	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
	45.98%	45.98%	46.30%	46.46%	46.46%	46.46%	46.10%	44.66%	44.29%	43.72%	42.88%	43.10%	43.08%	42.86%	39.66%
Indian promoters	45.81%	45.81%	46.13%	46.29%	46.29%	46.29%	45.93%	44.48%	44.12%	43.55%	42.71%	42.93%	42.91%	42.69%	39.49%
Foreign promoters	0.17%	0.17%	0.17%	0.17%	0.17%	0.17%	0.17%	0.17%	0.17%	0.17%	0.17%	0.17%	0.17%	0.17%	0.17%
	54.02%	54.02%	53.70%	53.54%	53.54%	53.54%	53.90%	55.34%	55.71%	56.28%	57.12%	56.90%	56.92%	57.14%	60.34%
	7.69%	7.43%	8.45%	8.16%	8.32%	7.06%	7.38%	8.64%	7.36%	7.35%	8.02%	7.68%	8.39%	8.17%	8.15%
Foreign portfolio investors, category I	7.23%	6.98%	6.20%	5.97%	5.94%	4.71%	4.37%	4.71%	3.99%	4.28%	5.90%	5.61%	5.83%	5.77%	5.98%
Foreign portfolio investors, category II	0.46%	0.45%	2.25%	2.20%	2.39%	2.36%	3.01%	3.93%	3.37%	3.06%	2.12%	2.08%	2.56%	2.40%	2.18%
	13.70%	10.66%	10.51%	9.91%	9.97%	11.47%	11.35%	10.36%	7.53%	7.79%	6.96%	7.66%	7.41%	7.22%	8.40%
Mutual funds	5.11%	2.72%	2.67%	2.05%	2.72%	4.69%	4.93%	3.93%	0.78%	0.90%	0.79%	1.09%	0.80%	0.79%	0.60%
Insurance companies	7.73%	7.06%	7.03%	7.03%	6.49%	6.09%	6.09%	6.09%	6.09%	6.03%	5.30%	5.30%	5.30%	5.30%	4.75%
Banks	0.02%	0.02%	0.02%	0.02%	0.02%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%
Alternative investment funds	0.82%	0.85%	0.79%	0.81%	0.74%	0.69%	0.33%	0.34%	0.65%	0.87%	0.86%	1.27%	1.30%	1.12%	3.05%
Non-bank lenders registered with RBI	0.02%	0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	0.01%	Under 0.01%
	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
State governments	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
	32.61%	35.92%	34.73%	35.46%	35.23%	35.00%	35.16%	36.33%	40.81%	41.12%	42.13%	41.54%	41.11%	41.74%	43.78%
Resident individuals, up to ₹2 lakh at face value	17.64%	19.02%	17.65%	18.16%	18.09%	17.81%	18.09%	19.09%	22.45%	22.55%	23.40%	23.51%	23.47%	23.95%	25.42%
Resident individuals, over ₹2 lakh at face value	10.71%	11.21%	11.48%	11.57%	11.62%	11.76%	11.36%	11.30%	11.65%	11.88%	11.99%	11.34%	10.81%	10.44%	10.23%
Companies	1.09%	2.19%	2.10%	2.13%	1.91%	1.72%	1.98%	2.30%	2.78%	2.96%	2.80%	2.73%	2.81%	3.20%	4.06%
Non-resident Indians	0.98%	1.28%	1.26%	1.37%	1.41%	1.41%	1.41%	1.42%	1.62%	1.57%	1.63%	1.60%	1.64%	1.69%	1.70%
Investor education fund	0.35%	0.35%	0.35%	0.35%	0.35%	0.35%	0.35%	0.35%	0.35%	0.34%	0.34%	0.34%	0.34%	0.34%	0.33%
Directors and their relatives	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.01%	0.01%	0.01%	0.02%	0.03%	0.03%
Key managers	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%
	1.83%	1.84%	1.87%	1.85%	1.84%	1.93%	1.96%	1.85%	1.94%	1.81%	1.95%	2.01%	2.01%	2.09%	2.01%
Clearing Members	0.01%	Under 0.01%	Under 0.01%	0.02%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	0.10%	0.09%	0.09%	0.09%	0.10%
Hindu undivided families	0.82%	0.91%	0.96%	0.95%	0.98%	0.93%	1.00%	0.97%	1.08%	1.08%	1.12%	1.15%	1.14%	1.16%	1.15%
LLP	0.32%	0.29%	0.30%	0.28%	0.28%	0.41%	0.39%	–	0.30%	0.15%	–	0.20%	0.22%	0.28%	0.20%
Trusts	0.02%	0.02%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	0.02%	0.01%	0.02%	0.02%	0.02%	0.02%
Unclaimed or Suspense or Escrow Account	0.65%	0.62%	0.60%	0.60%	0.59%	0.58%	0.57%	0.57%	0.57%	0.56%	0.55%	0.55%	0.54%	0.54%	0.54%
Bodies Corporate	–	–	–	–	–	–	–	0.31%	–	–	0.18%	–	–	–	–
Promoter shares pledgedShare of the promoters' own shares	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.01%	0.01%	0.01%	11.03%	11.08%	11.98%
Shares in issue	9,06,26,008	9,06,26,008	9,06,26,008	9,06,26,008	9,06,26,008	9,06,26,008	9,06,26,008	9,06,26,008	9,06,34,624	9,06,34,624	9,06,41,224	9,06,47,294	9,06,57,751	9,06,79,813	9,06,79,813

Pledged is the share of the promoters' own shares given to lenders as security. A dash is a line the filing did not state. “Under 0.01%” is a holding of shares too small to show at two decimals.

Number of Aarti Pharmalabs shareholders

Shareholders on the company's register in each filing.

Shareholders, filing by filing

Shareholders	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
All shareholders	2,76,664	2,58,239	2,26,286	2,15,796	2,04,122	1,89,012	1,85,436	1,85,111	1,96,314	1,87,039	1,90,655	1,84,489	1,79,373	1,76,506	1,74,329
	45	45	46	46	46	46	46	45	48	48	48	48	48	48	44
Indian promoters	44	44	45	45	45	45	45	44	47	47	47	47	47	47	43
Foreign promoters	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
	2,76,619	2,58,194	2,26,240	2,15,750	2,04,076	1,88,966	1,85,390	1,85,066	1,96,266	1,86,991	1,90,607	1,84,441	1,79,325	1,76,458	1,74,285
	125	113	102	98	101	94	100	100	109	111	116	105	108	101	107
Foreign portfolio investors, category I	116	105	93	89	89	82	89	86	93	97	100	93	94	89	94
Foreign portfolio investors, category II	9	8	9	9	12	12	11	14	16	14	16	12	14	12	13
	31	23	17	19	18	20	18	16	19	21	23	30	32	27	30
Mutual funds	5	5	6	6	6	5	7	6	7	9	7	9	11	11	10
Insurance companies	8	4	3	3	3	3	3	2	2	2	2	2	2	2	2
Banks	2	2	2	2	2	1	1	1	1	1	1	1	1	1	1
Alternative investment funds	9	8	4	5	4	8	5	6	7	8	12	17	17	11	16
Non-bank lenders registered with RBI	7	4	2	3	3	3	2	1	2	1	1	1	1	2	1
	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
State governments	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
	2,76,462	2,58,057	2,26,120	2,15,632	2,03,956	1,88,851	1,85,271	1,84,949	1,96,137	1,86,858	1,90,467	1,84,305	1,79,184	1,76,329	1,74,147
Resident individuals, up to ₹2 lakh at face value	2,66,079	2,48,168	2,18,205	2,07,834	1,96,404	1,81,697	1,78,075	1,77,233	1,87,435	1,78,214	1,81,207	1,75,403	1,70,303	1,67,409	1,65,037
Resident individuals, over ₹2 lakh at face value	61	63	67	65	65	66	64	66	69	72	73	66	60	58	56
Companies	1,268	1,193	739	694	653	596	601	814	1,066	1,103	1,240	1,135	1,112	1,113	1,235
Non-resident Indians	5,431	5,211	4,084	4,096	4,024	3,902	3,937	4,183	4,678	4,635	5,004	4,889	4,908	4,917	4,997
Investor education fund	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
Directors and their relatives	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2
Key managers	1	1	1	1	1	1	1	2	2	2	2	2	2	2	2
	3,619	3,418	3,021	2,939	2,806	2,586	2,590	2,648	2,884	2,829	2,938	2,807	2,796	2,827	2,817
Clearing Members	24	11	6	6	5	7	8	8	7	8	41	35	34	39	41
Hindu undivided families	3,468	3,294	2,933	2,854	2,727	2,502	1	2,539	2,749	2,685	2,746	2,633	2,622	2,646	2,630
LLP	117	104	76	75	70	74	74	–	124	131	–	132	133	135	140
Trusts	8	8	5	3	3	2	2	2	3	4	6	6	6	6	5
Unclaimed or Suspense or Escrow Account	2	1	1	1	1	1	1	1	1	1	1	1	1	1	1
Bodies Corporate	–	–	–	–	–	–	–	98	–	–	144	–	–	–	–

A dash is a line the filing did not state.

Aarti Pharmalabs promoters

Promoters are the founders, families and companies that control the company, as its filings name them. Every member of the promoter group holding shares in the filing for Sep 2026; the largest is Rashesh Chandrakant Gogri, 4.23%. The filing names 6 more members with no shares.Promoter buying and selling

Holder
Rashesh Chandrakant GogriIndividuals and Hindu undivided families	4.23%	38,34,404	0.00%
Jaya Chandrakant GogriIndividuals and Hindu undivided families	3.53%	32,04,310	0.00%
Anushakti Enterprise Private LimitedIndian companies, trusts and others	3.30%	29,92,950	0.00%
LABDHI BUSINESS TRUST(Saswat Trusteeship Private Limited)Indian companies, trusts and others	3.13%	28,41,504	0.00%
Hetal Gogri GalaIndividuals and Hindu undivided families	3.11%	28,15,612	0.00%
Mirik Rajendra GogriIndividuals and Hindu undivided families	3.07%	27,84,094	100.00%
Renil Rajendra GogriIndividuals and Hindu undivided families	2.80%	25,42,750	59.77%
Sarla Shantilal ShahIndividuals and Hindu undivided families	2.69%	24,35,830	0.00%
MANOMAYA BUSINESS TRUST(Alabhya Trusteeship Private Limited)Indian companies, trusts and others	1.44%	13,08,496	0.00%
Nehal GarewalIndividuals and Hindu undivided families	1.24%	11,22,487	0.00%
Rajendra Vallabhaji GogriIndividuals and Hindu undivided families	1.14%	10,37,175	0.00%
Heena Family Private Trust(Barclays Wealth Trustees India Private Limited)Indian companies, trusts and others	0.92%	8,33,859	0.00%
Bhavna Family Private Trust(Barclays Wealth Trustees India Pvt Ltd)Indian companies, trusts and others	0.89%	8,04,101	0.00%
Alchemie Financial Services LimitedIndian companies, trusts and others	0.74%	6,73,006	0.00%
Nikhil Parimal DesaiIndividuals and Hindu undivided families	0.74%	6,66,754	0.00%
Aashay Rashesh GogriIndividuals and Hindu undivided families	0.61%	5,50,000	0.00%
Manisha Rashesh GogriIndividuals and Hindu undivided families	0.61%	5,50,000	0.00%
Aarnav Rashesh GogriIndividuals and Hindu undivided families	0.61%	5,50,000	0.00%
Safechem Enterprises Private LimitedIndian companies, trusts and others	0.40%	3,65,750	0.00%
Parimal Hasmukhlal DesaiIndividuals and Hindu undivided families	0.39%	3,49,571	0.00%
Ratanben Premji GogriIndividuals and Hindu undivided families	0.38%	3,44,332	0.00%
Gogri Finserv Pvt. Ltd.Indian companies, trusts and others	0.37%	3,37,505	0.00%
Heena BhatiaIndividuals and Hindu undivided families	0.36%	3,22,588	0.00%
Arti Rajendra GogriIndividuals and Hindu undivided families	0.35%	3,21,692	0.00%
Rajendra Vallabhaji Gogri (Huf)[Karta-Rajendra Vallabhaji Gogri]Individuals and Hindu undivided families	0.34%	3,08,274	0.00%
Shantilal Tejshi Shah Huf[Karta-Nehal Garewal]Individuals and Hindu undivided families	0.31%	2,78,881	0.00%
Alchemie Finserv Pvt. Ltd.Indian companies, trusts and others	0.29%	2,64,105	0.00%
Indira Madan DedhiaIndividuals and Hindu undivided families	0.20%	1,82,250	0.00%
Nikhil Holdings Private LimitedIndian companies, trusts and others	0.20%	1,80,891	0.00%
Mananjay Singh GarewalIndividuals and Hindu undivided families	0.18%	1,62,510	0.00%
Chandrakant Vallabhaji GogriIndividuals and Hindu undivided families	0.17%	1,55,500	0.00%
Hetvi Rohan GhallaIndividuals and Hindu undivided families	0.17%	1,50,000	0.00%
Bhanu Pradip SavlaNon-resident and foreign individuals	0.17%	1,55,737	0.00%
Monisha BhatiaIndividuals and Hindu undivided families	0.13%	1,21,121	0.00%
Shreya SunejaIndividuals and Hindu undivided families	0.12%	1,12,500	0.00%
Dinesh Devchand GhallaIndividuals and Hindu undivided families	0.11%	1,00,000	0.00%
Gunavanti Navin ShahIndividuals and Hindu undivided families	0.10%	86,644	0.00%
Krisha Yogesh NaharIndividuals and Hindu undivided families	0.05%	43,940	6.83%
AASHYAV BUSINESS TRUST(Alabhya Trusteeship Private Limited)Indian companies, trusts and others	0.04%	37,900	0.00%
Jayesh ShahIndividuals and Hindu undivided families	0.02%	14,957	0.00%
Dilesh Roadlines Pvt LtdIndian companies, trusts and others	0.01%	8,318	0.00%
Valiant Organics LimitedIndian companies, trusts and others	0.01%	7,500	0.00%
Prasadi Yogesh BanatwalaIndividuals and Hindu undivided families	0.00%	4,245	0.00%
Pooja Renil GogriIndividuals and Hindu undivided families	0.00%	382	0.00%

Pledged is the share of the holder's own shares pledged to a lender.

Largest public holders of Aarti Pharmalabs, filing by filing

Per cent, on the same shares as the split above.Mutual funds holding Aarti Pharmalabs

Holder	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Life Insurance Corporation of IndiaInsurance companies	6.80%	6.80%	6.80%	6.80%	6.26%	6.06%	6.06%	6.06%	6.06%	6.00%	5.28%	5.28%	5.28%	5.27%	4.72%
Nishant Pradip ShahResident individuals, over ₹2 lakh at face value	–	–	–	–	1.10%	1.10%	1.10%	1.10%	1.10%	1.10%	1.10%	1.10%	1.10%	1.10%	1.10%
Ntasain Discovery Master FundForeign portfolio investors, category II	–	–	2.01%	1.94%	2.04%	1.89%	2.58%	3.37%	2.21%	1.88%	1.76%	–	2.28%	2.16%	–
Ntasian Discovery Master FundForeign portfolio investors, category II	–	–	–	–	–	–	–	–	–	–	–	1.83%	–	–	–
Morgan Stanley Investment Funds Emerging Leaders Equity FundForeign portfolio investors, category I	1.12%	1.12%	1.04%	1.06%	1.08%	1.02%	1.00%	1.00%	–	–	–	–	–	–	–
Baron Emerging Markets FundForeign portfolio investors, category I	1.13%	1.10%	1.10%	1.08%	1.01%	–	–	–	–	–	–	–	–	–	–

A filing names every holder above one per cent, in the company's own words: an insurer's holding can carry one of its funds' names. Mutual funds are left out here: each fund's holding is on the Mutual funds tab, from its own portfolio. A dash is a filing that did not name the holder, which includes holding under one per cent.

Who moved in the Sep 2026 filing

Against the Jun 2026 filing. A filing names a public holder only at 1% or more, so a holder no longer named fell under 1% or sold out.

Foreign institutions: Ntasain Discovery Master Fund no longer named, from 2.16%
Indian institutions: Life Insurance Corporation of India 4.72%, −0.55 pts