Asian Hotels (West) shareholders and shareholding pattern

NSE: AHLWESTBSE: 533221Leisure ServicesSmall Cap

Asian Hotels (West) Limited · Face value ₹10 · Listed Aug 2010

₹525.05₹24.90 (4.53%)

Share price at the NSE close on 27 Oct 2026. Previous close ₹549.95.

27 Oct: open ₹523.05, high ₹525.05, low ₹523.05

Delivery only: shares bought must be paid for in full, with no selling on the same day.

Market cap: ₹612 Cr2,015th largest listed
P/E: 8.60
P/E without one-offs: 6.66
P/B: Net worth zero or below
Dividend yield: Nonein the last 12 months
ROE: Net worth zero or below
ROCE: 26.3%
Debt to equity: Net worth zero or below
Volume, NSE: 116

Asian Hotels (West)'s shareholding pattern for Sep 2026, filed on 15 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 Asian Hotels (West), filing by filing

Per cent of the company's shares.

Sep 2026 filing

Promoters72.12%
Foreign institutionsNone
Indian institutions0.57%
Individuals and others27.31%

Shareholding pattern, per cent, from Dec 2021

Promoters
Foreign institutions
Indian institutions
Individuals and others

Per cent	Dec 2016	Mar 2017	Jun 2017	Sep 2017	Dec 2017	Mar 2018	Jun 2018	Sep 2018	Dec 2018	Mar 2019	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
	65.02%	65.33%	65.35%	65.54%	67.53%	68.65%	67.37%	68.09%	68.17%	68.47%	68.71%	68.97%	69.14%	69.40%	69.40%	70.37%	70.37%	70.42%	70.42%	70.42%	70.42%	70.42%	70.42%	70.42%	70.42%	70.72%	70.72%	70.72%	70.72%	70.72%	70.72%	70.72%	71.39%	71.39%	71.39%	72.03%	72.07%	72.12%	72.12%	72.12%
Indian promoters	18.44%	18.75%	18.78%	18.96%	20.95%	22.07%	20.80%	21.88%	21.95%	22.25%	22.49%	22.76%	22.92%	23.19%	23.19%	24.15%	24.15%	24.21%	24.21%	24.21%	24.21%	24.21%	24.21%	24.21%	24.21%	24.51%	24.51%	24.51%	24.51%	24.51%	24.51%	24.51%	25.18%	25.18%	25.18%	25.81%	25.86%	25.90%	25.90%	25.90%
Foreign promoters	46.58%	46.58%	46.58%	46.58%	46.58%	46.58%	46.58%	46.21%	46.21%	46.21%	46.21%	46.21%	46.21%	46.21%	46.21%	46.21%	46.21%	46.21%	46.21%	46.21%	46.21%	46.21%	46.21%	46.21%	46.21%	46.21%	46.21%	46.21%	46.21%	46.21%	46.21%	46.21%	46.21%	46.21%	46.21%	46.21%	46.21%	46.21%	46.21%	46.21%
	34.98%	34.67%	34.65%	34.46%	32.47%	31.35%	32.63%	31.91%	31.83%	31.53%	31.29%	31.03%	30.86%	30.60%	30.60%	29.63%	29.63%	29.58%	29.58%	29.57%	29.58%	29.58%	29.58%	29.58%	29.58%	29.28%	29.28%	29.28%	29.28%	29.28%	29.28%	29.28%	28.61%	28.61%	28.61%	27.97%	27.93%	27.88%	27.88%	27.88%
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	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%	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%	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%
Foreign Institutional Investors	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	Under 0.01%	–	Under 0.01%	Under 0.01%	Under 0.01%
Foreign institutional investoers	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	–	–	–
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.58%	0.58%	0.58%	0.58%	0.58%	0.58%	0.58%	0.58%	0.58%	0.57%	0.58%	0.57%	0.57%	0.57%	0.58%	0.57%	0.57%	0.57%	0.57%	0.57%
Mutual funds	0.06%	0.06%	0.06%	Under 0.01%	Under 0.01%	Under 0.01%	0.12%	0.13%	0.13%	0.12%	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%	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%
Insurance companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.00%	0.21%	0.21%	0.21%	0.21%	0.21%	0.21%	0.21%	0.21%	0.21%	0.21%	0.21%	0.21%	0.21%	0.21%	0.21%	0.21%	0.21%	0.21%	0.21%	0.21%
Banks	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.36%	0.36%	0.36%	0.36%	0.36%	0.36%	0.36%	0.36%	0.36%	0.36%	0.36%	0.36%	0.36%	0.36%	0.36%	0.36%	0.36%	0.36%	0.36%	0.36%
Non-bank lenders registered with RBI	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	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%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%
Other financial institutions	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	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%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	29.00%	29.00%	29.00%	29.00%	29.00%	28.70%	28.70%	28.70%	28.70%	28.70%	28.70%	28.70%	28.03%	28.03%	28.03%	27.40%	27.35%	27.31%	27.31%	27.31%
Resident individuals, up to ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	5.91%	5.82%	5.67%	5.67%	5.68%	5.65%	5.66%	5.66%	5.66%	5.66%	5.66%	5.66%	5.65%	5.53%	5.53%	5.35%	5.13%	5.08%	4.94%	4.83%
Resident individuals, over ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	2.48%	1.82%	1.49%	1.49%	1.49%	1.19%	1.19%	1.19%	1.19%	1.19%	1.19%	1.19%	0.51%	0.51%	0.51%	0.51%	0.51%	0.51%	0.51%	0.51%
Companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	8.49%	9.23%	9.72%	9.72%	9.72%	9.72%	9.72%	9.72%	9.72%	9.72%	9.72%	9.72%	9.72%	9.71%	9.71%	9.10%	9.09%	9.09%	9.29%	9.43%
Non-resident Indians	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	10.51%	10.53%	10.52%	10.52%	10.52%	10.52%	10.51%	10.51%	10.51%	10.51%	10.51%	10.51%	10.52%	10.43%	10.43%	10.27%	10.21%	10.21%	10.17%	10.15%
Foreign companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.16%	0.16%	0.16%	0.16%	0.16%	0.16%	0.16%	0.16%	0.16%	0.16%	0.16%	0.16%	0.16%	0.16%	0.16%	0.16%	0.16%	0.16%	0.16%	0.16%
Investor education fund	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.14%	1.14%	1.14%	1.14%	1.14%	1.14%	1.14%	1.14%	1.14%	1.14%	1.14%	1.14%	1.14%	1.36%	1.36%	1.68%	1.97%	1.97%	1.97%	1.97%
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.31%	0.31%	0.31%	0.31%	0.31%	0.33%	0.33%	0.33%	0.33%	0.33%	0.33%	0.33%	0.33%	0.32%	0.32%	0.32%	0.28%	0.28%	0.26%	0.26%
Clearing Members	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Trusts	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	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%	Under 0.01%
Hindu undivided families	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.31%	0.31%	0.31%	0.31%	0.31%	0.33%	0.33%	–	0.33%	–	–	0.33%	0.33%	0.32%	0.32%	0.32%	0.28%	0.28%	0.26%	0.26%
Shares in issue	1,14,58,303	1,14,58,303	1,14,58,303	1,14,58,303	1,14,58,303	1,14,58,303	1,14,58,303	1,16,51,210	1,16,51,210	1,16,51,210	1,16,51,210	1,16,51,210	1,16,51,210	1,16,51,210	1,16,51,210	1,16,51,210	1,16,51,210	1,16,51,210	1,16,51,210	1,16,51,210	1,16,51,210	1,16,51,210	1,16,51,210	1,16,51,210	1,16,51,210	1,16,51,210	1,16,51,210	1,16,51,210	1,16,51,210	1,16,51,210	1,16,51,210	1,16,51,210	1,16,51,210	1,16,51,210	1,16,51,210	1,16,51,210	1,16,51,210	1,16,51,210	1,16,51,210	1,16,51,210
Shares locked in	–	–	–	–	–	–	63,10,973	65,03,880	65,03,880	1,92,907	1,92,907	1,76,707	1,76,707	1,76,707	1,76,707	1,76,707	1,76,707	1,76,707	1,76,707	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	–	–	–	–	–	–
Promoters' shares locked in	–	–	–	–	–	–	63,10,973	64,87,680	64,87,680	1,76,707	1,76,707	1,76,707	1,76,707	1,76,707	1,76,707	1,76,707	1,76,707	1,76,707	1,76,707	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	–	–	–	–	–	–

Filings before Dec 2021 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 Asian Hotels (West) shareholders

Shareholders on the company's register in each filing.

Shareholders, filing by filing

Shareholders	Dec 2016	Mar 2017	Jun 2017	Sep 2017	Dec 2017	Mar 2018	Jun 2018	Sep 2018	Dec 2018	Mar 2019	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	14,011	13,647	13,355	13,197	12,513	10,907	10,717	10,611	10,570	10,228	10,082	9,968	9,672	9,550	9,549	9,439	9,138	9,153	10,599	9,402	9,208	9,186	9,133	9,122	9,119	9,108	9,095	9,091	9,092	9,095	9,092	9,092	9,095	8,719	8,713	8,285	7,846	7,845	7,358	7,170
	12	12	12	12	13	13	13	13	13	13	14	13	13	13	13	13	13	13	13	13	13	13	13	13	13	14	14	14	14	14	14	14	14	14	14	14	14	14	13	12
Indian promoters	11	11	11	11	12	12	12	12	12	12	13	12	12	12	12	12	12	12	12	12	12	12	12	12	12	13	13	13	13	13	13	13	13	13	13	13	13	13	12	11
Foreign promoters	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
	13,999	13,635	13,343	13,185	12,500	10,894	10,704	10,598	10,557	10,215	10,068	9,955	9,659	9,537	9,536	9,426	9,125	9,140	10,586	9,389	9,195	9,173	9,120	9,109	9,106	9,094	9,081	9,077	9,078	9,081	9,078	9,078	9,081	8,705	8,699	8,271	7,832	7,831	7,345	7,158
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	3	3	3	3	3	3	3	3	3	6	3	6	6	5	3	3	3	3	3	3
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	3	3	3	3	3	3	3	3	3	6	3	6	6	5	3	3	3	3	3	3
Foreign Institutional Investors	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	3	3	–	3	3	3
Foreign institutional investoers	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	3	–	–	–
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	14	14	14	14	14	14	14	14	14	11	14	11	11	11	13	12	12	12	12	12
Mutual funds	9	9	9	8	8	8	8	8	8	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4
Insurance companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
Banks	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	6	6	6	6	6	6	6	6	6	3	6	3	3	3	5	4	4	4	4	4
Non-bank lenders registered with RBI	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2
Other financial institutions	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	9,178	9,156	9,103	9,092	9,089	9,077	9,064	9,060	9,061	9,064	9,061	9,061	9,064	8,689	8,683	8,256	7,817	7,816	7,330	7,143
Resident individuals, up to ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	8,622	8,595	8,544	8,530	8,526	8,507	8,477	8,479	8,479	8,477	8,469	8,466	8,465	8,128	8,117	7,746	7,311	7,305	6,843	6,666
Resident individuals, over ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	4	3	2	2	2	2	2	2	2	2	2	2	1	1	1	1	1	1	1	1
Companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	100	100	100	100	99	99	100	100	100	100	100	100	100	98	98	96	95	95	93	94
Non-resident Indians	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	333	338	338	341	343	347	360	355	356	360	365	368	373	339	344	293	293	298	287	279
Foreign companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
Investor education fund	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	117	118	117	117	117	120	123	122	122	123	123	123	123	121	121	118	115	115	104	101
Clearing Members	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	2	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Trusts	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	1	1	1	1	1	–	1	–	–	1	1	1	1	1	1	1	1	1
Hindu undivided families	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	117	115	116	116	116	119	119	–	119	–	–	122	122	120	120	117	114	114	103	100

Asian Hotels (West) 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 DSO LIMITED, 46.21%. The filing names 1 more member with no shares.Promoter buying and selling

Holder
DSO LIMITEDForeign companies and others	46.21%	53,84,555
SANDEEP GUPTAIndividuals and Hindu undivided families	18.04%	21,01,974
SUDHIR CHAMANLAL GUPTAIndividuals and Hindu undivided families	1.84%	2,14,290
ARIA RESORTS INDIA PRIVATE LIMITEDIndian companies, trusts and others	1.68%	1,95,349
GUNJAN JAINIndividuals and Hindu undivided families	1.39%	1,61,810
MADHU JAINIndividuals and Hindu undivided families	0.88%	1,02,215
CHAMAN LAL GUPTA AND SONS HUFIndividuals and Hindu undivided families	0.73%	85,000
PANKAJ GUPTAIndividuals and Hindu undivided families	0.47%	55,275
RENU ARUN AGGARWALIndividuals and Hindu undivided families	0.42%	49,500
CHAMAN LAL BRIJ RANI CHARITABLE TRUSTIndian companies, trusts and others	0.19%	21,600
SONAL SHARMAIndividuals and Hindu undivided families	0.14%	16,500
JYOTSANA AMAL KARLIndividuals and Hindu undivided families	0.12%	14,325

No promoter shares are reported as pledged.

Largest public holders of Asian Hotels (West), filing by filing

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

Holder	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
Investor Education and Protection FundInvestor education fund	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.36%	1.68%	1.97%	–	1.97%	1.97%
INVESTOR EDUCATION AND PROTECTION FUND(IEPF)Investor education fund	–	–	–	–	–	1.14%	–	–	–	–	–	–	–	–	–	–	–	1.97%	–	–
RATNA SARAFNon-resident Indians	1.26%	4.54%	4.54%	4.54%	4.54%	4.54%	4.54%	9.45%	9.45%	9.45%	–	–	–	9.45%	–	–	–	–	–	–
ROBUST HOTELS LIMITEDCompanies	–	–	–	–	8.43%	8.43%	8.43%	8.43%	8.43%	8.43%	–	–	–	8.43%	–	–	–	–	–	–
INVESTOR EDUCATION AND PROTECTION FUND AUTHORITYInvestor education fund	–	–	–	–	1.14%	–	1.14%	–	–	–	–	1.14%	–	–	–	–	–	–	–	–
INVESTOR EDUCATION AND PROTECTION FUND AUTHORITY MInvestor education fund	1.14%	1.14%	–	1.14%	–	–	–	1.14%	1.14%	1.14%	–	–	–	–	–	–	–	–	–	–
RADHE SHYAM SARAFNon-resident Indians	6.16%	4.91%	4.91%	4.91%	4.91%	4.91%	4.91%	–	–	–	–	–	–	–	–	–	–	–	–	–
ASIAN HOTELS EAST LIMITEDCompanies	6.16%	6.16%	8.43%	8.43%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
PRAGATI STOCKCOM PVT. LTD.Companies	1.26%	1.66%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–

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. “In concert” is a filing that named the holder only among the persons acting in concert.