Aditya Forge shareholders and shareholding pattern

Aditya Forge Ltd · Face value ₹10 · Listed Oct 1993

₹64.09₹3.05 (5.00%)

Share price at the BSE close on 29 Oct 2026. Previous close ₹61.04.

29 Oct: open ₹57.99, high ₹64.09, low ₹57.99

Next results date: the board meets on 5 Nov 2026 to consider: quarterly results. Results calendar

Market cap: ₹28 Cr5,306th largest listed
P/E: 169.62
P/B: Net worth zero or below
Dividend yield: Nonein the last 12 months
ROE: Net worth zero or below
ROCE: −21.3%
Debt to equity: Net worth zero or below
Volume, BSE: 35,372

Aditya Forge's shareholding pattern for Sep 2026, filed on 19 Oct 2026, with every filing from Dec 2016: who owns its shares by group, its promoters by name and its public holders of 1% or more.

Who owns Aditya Forge, filing by filing

Per cent of the company's shares.

Sep 2026 filing

Promoters33.97%
Indian institutions0.01%
Individuals and others66.02%

Shareholding pattern, per cent, from Sep 2019

Promoters
Indian institutions
Individuals and others

Per cent	Dec 2016	Jun 2017	Sep 2017	Dec 2017	Jun 2018	Dec 2018	Jun 2019	Sep 2019	Dec 2019	Mar 2020	Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	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
	33.97%	33.97%	33.97%	33.97%	33.97%	33.97%	33.97%	33.97%	33.97%	33.97%	33.97%	33.97%	33.97%	33.97%	33.97%	33.97%	33.97%	33.97%	33.97%	33.97%	33.97%	33.97%	33.97%	33.97%	33.97%	33.97%	33.97%	33.97%	33.97%	33.97%	33.97%	33.97%	33.97%	33.97%	33.97%	33.97%
Indian promoters	33.97%	33.97%	33.97%	33.97%	33.97%	33.97%	33.97%	33.97%	33.97%	33.97%	33.97%	33.97%	33.97%	33.97%	33.97%	33.97%	33.97%	33.97%	33.97%	33.97%	33.97%	33.97%	33.97%	33.97%	33.97%	33.97%	33.97%	33.97%	33.97%	33.97%	33.97%	33.97%	33.97%	33.97%	33.97%	33.97%
	66.03%	66.03%	66.03%	66.03%	66.03%	66.03%	66.03%	66.03%	66.03%	66.03%	66.03%	66.03%	66.03%	66.03%	66.03%	66.03%	66.03%	66.03%	66.03%	66.03%	66.03%	66.03%	66.03%	66.03%	66.03%	66.03%	66.03%	66.03%	66.03%	66.03%	66.03%	66.03%	66.03%	66.03%	66.03%	66.03%
	–	–	–	–	–	–	–	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%	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%
Banks	–	–	–	–	–	–	–	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%	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%
	–	–	–	–	–	–	–	66.02%	66.02%	66.02%	66.02%	66.02%	66.02%	66.02%	66.02%	66.02%	66.02%	66.02%	66.02%	66.02%	66.02%	66.02%	66.02%	66.02%	66.02%	66.02%	66.02%	66.02%	66.02%	66.02%	66.02%	66.02%	66.02%	66.02%	66.02%	66.02%
Resident individuals, up to ₹2 lakh at face value	–	–	–	–	–	–	–	54.20%	54.18%	54.18%	54.18%	54.23%	54.23%	54.18%	54.22%	54.22%	53.58%	53.58%	53.58%	53.60%	53.60%	53.60%	53.60%	53.55%	53.54%	53.51%	53.51%	53.51%	53.51%	53.51%	53.51%	53.51%	53.51%	53.44%	53.44%	53.44%
Resident individuals, over ₹2 lakh at face value	–	–	–	–	–	–	–	8.10%	8.10%	8.10%	8.10%	8.10%	8.10%	8.10%	8.10%	8.10%	8.10%	8.10%	8.10%	8.10%	8.10%	8.10%	8.10%	8.10%	8.10%	8.10%	8.10%	8.10%	8.10%	8.10%	8.10%	8.10%	8.10%	8.10%	8.10%	8.10%
Companies	–	–	–	–	–	–	–	2.10%	2.13%	2.12%	2.12%	2.08%	2.08%	2.08%	2.08%	2.08%	2.08%	2.08%	2.08%	2.08%	2.08%	2.08%	2.08%	2.08%	2.08%	2.08%	2.08%	2.08%	2.08%	2.08%	2.08%	2.08%	2.08%	2.08%	2.08%	2.08%
Non-resident Indians	–	–	–	–	–	–	–	0.74%	0.74%	0.74%	0.74%	0.74%	0.74%	0.78%	0.75%	0.75%	0.75%	0.75%	0.75%	0.75%	0.75%	0.75%	0.75%	0.75%	0.76%	0.80%	0.80%	0.80%	0.80%	0.79%	0.79%	0.80%	0.80%	0.87%	0.87%	0.87%
	–	–	–	–	–	–	–	0.89%	0.88%	0.88%	0.88%	0.88%	0.88%	0.88%	0.87%	0.87%	1.51%	1.51%	1.51%	1.49%	1.49%	1.49%	1.49%	1.54%	1.54%	1.54%	1.54%	1.54%	1.54%	1.54%	1.54%	1.54%	1.54%	1.54%	1.54%	1.54%
Hindu undivided families	–	–	–	–	–	–	–	0.89%	0.88%	0.88%	0.88%	0.88%	0.88%	0.88%	0.87%	0.87%	1.51%	1.51%	1.51%	1.49%	1.49%	1.49%	1.49%	1.54%	1.54%	1.54%	1.54%	1.54%	1.54%	1.54%	1.54%	1.54%	1.54%	1.54%	1.54%	1.54%
Corporate Body - Broker	–	–	–	–	–	–	–	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Shares in issue	43,08,600	43,08,600	43,08,600	43,08,600	43,08,600	43,08,600	43,08,600	43,08,600	43,08,600	43,08,600	43,08,600	43,08,600	43,08,600	43,08,600	43,08,600	43,08,600	43,08,600	43,08,600	43,08,600	43,08,600	43,08,600	43,08,600	43,08,600	43,08,600	43,08,600	43,08,600	43,08,600	43,08,600	43,08,600	43,08,600	43,08,600	43,08,600	43,08,600	43,08,600	43,08,600	43,08,600

Filings before Sep 2019 are on an older form, which did not split institutions into foreign and Indian and grouped some holders differently, so those columns show only the lines both forms state alike. 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 Aditya Forge shareholders

Shareholders on the company's register in each filing.

Shareholders, filing by filing

Shareholders	Dec 2016	Jun 2017	Sep 2017	Dec 2017	Jun 2018	Dec 2018	Jun 2019	Sep 2019	Dec 2019	Mar 2020	Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	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	4,188	4,189	4,189	4,188	4,186	4,182	4,183	4,186	4,184	4,156	4,156	4,156	4,156	4,155	4,157	4,155	4,155	4,154	4,154	4,155	4,155	4,156	4,157	4,157	4,156	4,159	4,160	4,160	4,160	4,160	4,160	4,160	4,160	4,161	4,161	4,161
	10	10	10	10	10	10	10	10	10	10	10	10	10	10	10	10	10	10	10	10	10	10	10	10	10	10	10	10	10	10	10	10	10	10	10	10
Indian promoters	10	10	10	10	10	10	10	10	10	10	10	10	10	10	10	10	10	10	10	10	10	10	10	10	10	10	10	10	10	10	10	10	10	10	10	10
	4,178	4,179	4,179	4,178	4,176	4,172	4,173	4,176	4,174	4,146	4,146	4,146	4,146	4,145	4,147	4,145	4,145	4,144	4,144	4,145	4,145	4,146	4,147	4,147	4,146	4,149	4,150	4,150	4,150	4,150	4,150	4,150	4,150	4,151	4,151	4,151
	–	–	–	–	–	–	–	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2
Banks	–	–	–	–	–	–	–	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2
	–	–	–	–	–	–	–	4,174	4,172	4,144	4,144	4,144	4,144	4,143	4,145	4,143	4,143	4,142	4,142	4,143	4,143	4,144	4,145	4,145	4,144	4,147	4,148	4,148	4,148	4,148	4,148	4,148	4,148	4,149	4,149	4,149
Resident individuals, up to ₹2 lakh at face value	–	–	–	–	–	–	–	4,026	4,025	4,000	4,000	4,004	4,005	4,003	4,007	4,005	3,986	3,985	3,985	3,986	3,986	3,987	3,988	3,987	3,985	3,986	3,987	3,987	3,987	3,988	3,988	3,987	3,987	3,987	3,987	3,987
Resident individuals, over ₹2 lakh at face value	–	–	–	–	–	–	–	9	9	6	6	6	6	6	6	6	6	6	6	6	6	6	6	6	6	6	6	6	6	6	6	6	6	6	6	6
Companies	–	–	–	–	–	–	–	46	46	46	46	43	43	43	43	43	43	43	43	43	43	43	43	43	43	43	43	43	43	43	43	43	43	43	43	43
Non-resident Indians	–	–	–	–	–	–	–	77	77	77	77	77	77	78	77	77	77	77	77	78	78	78	78	78	79	81	81	81	81	80	80	81	81	82	82	82
	–	–	–	–	–	–	–	16	15	15	15	14	13	13	12	12	31	31	31	30	30	30	30	31	31	31	31	31	31	31	31	31	31	31	31	31
Hindu undivided families	–	–	–	–	–	–	–	15	14	14	14	13	13	13	12	12	31	31	31	30	30	30	30	31	31	31	31	31	31	31	31	31	31	31	31	31
Corporate Body - Broker	–	–	–	–	–	–	–	1	1	1	1	1	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–

Aditya Forge 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 NITIN RASIKLAL PAREKH, 15.41%. The filing names 2 more members with no shares.

Holder
NITIN RASIKLAL PAREKHIndividuals and Hindu undivided families	15.41%	6,63,900	6,63,900
NITIN RASIKLAL PAREKH (HUF)Individuals and Hindu undivided families	10.86%	4,67,957	4,67,957
ETHIO PLASTICS PRIVATE LIMITEDIndian companies, trusts and others	3.42%	1,47,500	1,47,500
PANKAJ RASIKLAL PAREKHIndividuals and Hindu undivided families	1.52%	65,300	64,800
ADITYA NITIN PAREKHIndividuals and Hindu undivided families	1.07%	46,300	46,300
REKHA N. PAREKHIndividuals and Hindu undivided families	0.67%	29,000	29,000
MAHESH MANSUKHLAL NANDANIIndividuals and Hindu undivided families	0.28%	12,100	7,200
AMOLEE PANKAJ PAREKHIndividuals and Hindu undivided families	0.25%	10,600	10,600
KHUSHBOO PANKAJ PAREKHIndividuals and Hindu undivided families	0.24%	10,500	10,000
BIJAL NITIN PAREKHIndividuals and Hindu undivided families	0.24%	10,400	0

No promoter shares are reported as pledged. In demat is the part of the holding kept electronically; the rest is paper certificates.

Largest public holders of Aditya Forge, filing by filing

Per cent, on the same shares as the split above.

Holder	Dec 2016	Jun 2017	Sep 2017	Dec 2017	Jun 2018	Dec 2018	Jun 2019	Sep 2019	Dec 2019	Mar 2020	Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	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
RAHUL SHAHResident individuals, over ₹2 lakh at face value	3.15%	3.15%	3.15%	3.15%	–	3.15%	3.15%	3.15%	3.15%	3.15%	3.15%	3.15%	3.15%	3.15%	3.15%	3.15%	3.15%	3.15%	3.15%	3.15%	3.15%	3.15%	3.15%	3.15%	3.15%	3.15%	3.15%	3.15%	3.15%	3.15%	3.15%	3.15%	3.15%	3.15%	3.15%	3.15%
RAMRAKH R BOHRAResident individuals, over ₹2 lakh at face value	2.22%	2.22%	2.22%	2.22%	–	2.33%	2.33%	2.33%	2.33%	2.33%	2.33%	2.33%	2.33%	2.33%	2.33%	2.33%	2.33%	2.33%	2.33%	2.33%	2.33%	2.33%	2.33%	2.33%	2.33%	2.33%	2.33%	2.33%	2.33%	2.33%	2.33%	2.33%	2.33%	2.33%	2.33%	2.33%

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. A dash is a filing that did not name the holder, which includes holding under one per cent.