Electrotherm (India) shareholders and shareholding pattern

NSE: ELECTHERMBSE: 526608Industrial ProductsSmall Cap

Electrotherm (India) Limited · Face value ₹10 · Listed Oct 1994 on BSE, Aug 2007 on NSE

₹600.00₹20.80 (3.35%)BSE ₹598.30

Share price at the NSE close on 29 Oct 2026. Previous close ₹620.80.

29 Oct: open ₹626.80, high ₹648.00, low ₹588.00

52-week range of traded prices to 29 Oct 2026

₹551.00Low, 30 Mar 2026₹1,277.00High, 6 Jul 2026

Next results date: the board meets on 4 Nov 2026 to consider: financial results. The notice · Results calendar

Market cap: ₹765 Cr1,467th largest listed
P/E: Lossover the last 12 months
P/B: Net worth zero or below
Dividend yield: Nonein the last 12 months
ROE: Net worth zero or below
ROCE: −4.4%
Debt to equity: Net worth zero or below
Volume, NSE: 25,85644.3% delivered

Electrotherm (India)'s shareholding pattern for Sep 2026, filed on 13 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 Electrotherm (India), filing by filing

Per cent of the company's shares.

Sep 2026 filing

Promoters29.83%
Foreign institutions11.14%
Indian institutions0.78%
Individuals and others58.26%

Shareholding pattern, per cent, from Sep 2022

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
	32.83%	29.57%	29.57%	29.92%	30.32%	30.94%	31.31%	31.31%	31.31%	31.31%	31.31%	31.31%	31.31%	31.31%	31.31%	31.31%	31.31%	31.31%	31.31%	31.31%	31.31%	31.31%	31.04%	31.04%	31.04%	31.04%	31.04%	31.04%	31.04%	31.04%	31.04%	30.69%	29.90%	29.90%	29.90%	29.90%	29.90%	29.90%	29.87%	29.83%
Indian promoters	28.37%	25.55%	25.55%	25.90%	26.29%	26.91%	27.29%	27.29%	27.29%	27.29%	27.29%	27.29%	27.29%	27.29%	27.29%	27.29%	27.29%	27.29%	27.29%	27.29%	27.29%	19.64%	27.02%	27.02%	27.02%	27.02%	27.02%	27.02%	27.02%	27.02%	27.02%	27.02%	26.51%	26.51%	26.51%	26.51%	26.51%	26.51%	26.51%	27.14%
Foreign promoters	4.47%	4.02%	4.02%	4.02%	4.02%	4.02%	4.02%	4.02%	4.02%	4.02%	4.02%	4.02%	4.02%	4.02%	4.02%	4.02%	4.02%	4.02%	4.02%	4.02%	4.02%	11.67%	4.02%	4.02%	4.02%	4.02%	4.02%	4.02%	4.02%	4.02%	4.02%	3.67%	3.39%	3.39%	3.39%	3.39%	3.39%	3.39%	3.35%	2.69%
	67.17%	70.43%	70.43%	70.08%	69.68%	69.06%	68.69%	68.69%	68.69%	68.69%	68.69%	68.69%	68.69%	68.69%	68.69%	68.69%	68.69%	68.69%	68.69%	68.69%	68.69%	68.69%	68.96%	68.96%	68.96%	68.96%	68.96%	68.96%	68.96%	68.96%	68.96%	69.31%	70.10%	70.10%	70.10%	70.10%	70.10%	70.10%	70.13%	70.17%
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	4.94%	4.94%	4.94%	4.94%	4.94%	4.94%	4.95%	4.99%	4.81%	4.61%	4.55%	4.61%	5.07%	5.89%	5.86%	9.28%	11.14%
Foreign portfolio investors, category I	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.00%	4.94%	0.63%	0.63%	0.63%	0.63%	0.64%	0.68%	0.68%	0.71%	0.64%	0.77%	1.23%	2.06%	2.03%	6.96%	11.11%
Foreign portfolio investors, category II	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	4.94%	0.00%	0.00%	4.31%	4.31%	4.31%	4.31%	4.31%	4.13%	3.90%	3.90%	3.83%	3.83%	3.83%	3.83%	2.32%	0.03%
Other foreign institutions	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.00%	0.00%	4.31%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	–	–	–	–	–	–
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.08%	0.08%	0.08%	0.08%	0.08%	0.08%	0.08%	0.08%	0.08%	0.08%	0.39%	1.01%	0.97%	0.85%	0.80%	0.78%	0.78%
Mutual funds	0.09%	0.08%	0.08%	0.08%	0.08%	0.08%	0.08%	0.08%	0.08%	0.08%	0.08%	0.08%	0.08%	0.08%	0.08%	0.08%	0.08%	0.08%	0.08%	0.08%	0.08%	0.08%	0.08%	0.08%	0.08%	0.08%	0.08%	0.08%	0.08%	0.08%	0.08%	0.08%	0.08%	0.08%	0.08%	0.08%	0.08%	0.08%	0.08%	0.08%
Banks	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	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%
Alternative investment funds	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.31%	0.93%	0.89%	0.77%	0.72%	0.70%	0.70%
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	63.94%	63.94%	63.94%	63.94%	63.94%	63.94%	63.93%	63.89%	64.43%	65.41%	65.16%	64.48%	64.06%	63.36%	63.43%	60.07%	58.26%
Resident individuals, up to ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	17.38%	18.29%	18.84%	18.74%	14.72%	13.30%	13.69%	13.49%	14.83%	14.66%	14.68%	14.72%	15.42%	15.46%	15.80%	13.45%	13.15%
Resident individuals, over ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	14.37%	14.42%	12.48%	12.74%	14.93%	15.64%	15.34%	15.78%	15.10%	15.79%	15.10%	13.30%	13.14%	12.67%	12.79%	12.25%	11.97%
Companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	13.31%	12.37%	13.67%	13.66%	14.66%	14.71%	15.05%	14.80%	14.66%	14.16%	14.45%	14.36%	13.70%	13.53%	13.93%	14.00%	13.98%
Non-resident Indians	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.69%	0.75%	0.69%	0.83%	1.01%	0.86%	0.81%	0.67%	0.75%	1.05%	1.19%	1.45%	1.49%	1.78%	1.71%	1.56%	0.65%
Foreign companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	15.70%	15.70%	15.70%	15.70%	15.70%	15.70%	15.70%	15.70%	15.70%	15.70%	15.70%	15.70%	15.70%	15.70%	15.70%	15.70%	15.70%
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	2.50%	2.41%	2.57%	2.28%	2.92%	3.73%	3.34%	3.45%	3.39%	4.06%	4.05%	4.96%	4.62%	4.22%	3.52%	3.13%	2.81%
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%	Under 0.01%
Hindu undivided families	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	2.04%	1.96%	2.05%	1.82%	2.49%	3.28%	2.86%	2.93%	2.88%	2.69%	2.55%	2.46%	2.54%	2.42%	2.37%	2.23%	2.04%
Clearing Members	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.02%	0.02%	0.08%	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%	0.29%	0.18%	0.14%	0.13%	0.33%
Director or Director's Relatives	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.03%	0.03%	0.03%	0.03%	0.02%	0.02%	–	–	–	–
LLP	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.41%	0.41%	0.41%	0.41%	0.41%	0.43%	0.46%	0.49%	0.47%	1.34%	1.47%	2.48%	1.76%	1.59%	0.99%	0.77%	0.43%
Independent Director or his relatives	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.02%	0.02%	–	0.02%
Unclaimed or Suspense or Escrow Account	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	–	–	–
Promoter shares pledgedShare of the promoters' own shares	7.96%	7.96%	7.96%	7.87%	7.77%	7.61%	7.52%	7.52%	7.52%	7.52%	7.52%	7.52%	7.52%	7.52%	7.52%	7.52%	7.52%	7.52%	7.52%	7.52%	7.52%	7.52%	7.58%	7.58%	7.58%	7.58%	7.58%	7.58%	7.58%	7.58%	7.58%	7.67%	7.87%	7.87%	7.87%	7.87%	7.87%	7.87%	7.88%	7.89%
Shares in issue	1,14,76,374	1,27,42,814	1,27,42,814	1,27,42,814	1,27,42,814	1,27,42,814	1,27,42,814	1,27,42,814	1,27,42,814	1,27,42,814	1,27,42,814	1,27,42,814	1,27,42,814	1,27,42,814	1,27,42,814	1,27,42,814	1,27,42,814	1,27,42,814	1,27,42,814	1,27,42,814	1,27,42,814	1,27,42,814	1,27,42,814	1,27,42,814	1,27,42,814	1,27,42,814	1,27,42,814	1,27,42,814	1,27,42,814	1,27,42,814	1,27,42,814	1,27,42,814	1,27,42,814	1,27,42,814	1,27,42,814	1,27,42,814	1,27,42,814	1,27,42,814	1,27,42,814	1,27,42,814

Filings before Sep 2022 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. 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 Electrotherm (India) 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	5,697	5,544	5,482	5,333	6,188	6,045	6,124	6,385	6,245	5,943	5,905	6,311	6,287	6,183	6,478	7,047	7,087	7,105	8,021	8,597	8,907	9,814	9,767	10,400	10,444	10,413	10,223	9,057	7,916	7,486	7,806	8,730	8,756	9,200	8,703	9,010	9,445	9,635	8,907	8,925
	11	11	11	12	13	14	14	14	14	14	14	14	14	14	14	14	14	14	14	14	14	14	13	13	13	13	13	13	13	13	13	13	13	9	9	9	9	9	9	9
Indian promoters	10	10	10	11	12	13	13	13	13	13	13	13	13	13	13	13	13	13	13	13	13	12	12	12	12	12	12	12	12	12	12	12	12	8	8	8	8	8	8	8
Foreign promoters	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	2	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
	5,686	5,533	5,471	5,321	6,175	6,031	6,110	6,371	6,231	5,929	5,891	6,297	6,273	6,169	6,464	7,033	7,073	7,091	8,007	8,583	8,893	9,800	9,754	10,387	10,431	10,400	10,210	9,044	7,903	7,473	7,793	8,717	8,743	9,191	8,694	9,001	9,436	9,626	8,898	8,916
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	3	3	2	2	2	2	3	6	6	5	4	7	11	9	11	8	9
Foreign portfolio investors, category I	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0	3	1	1	1	1	2	4	4	4	3	5	8	8	10	7	8
Foreign portfolio investors, category II	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	3	0	0	1	1	1	1	2	2	1	1	2	3	1	1	1	1
Other foreign institutions	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0	0	1	0	0	0	0	0	0	0	0	–	–	–	–	–	–
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	3	3	3	3	3	3	3	3	3	3	4	6	6	6	7	5	5
Mutual funds	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	2	2	2	2	2	2	2	2	2	2	2
Banks	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
Alternative investment funds	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0	0	0	0	0	0	0	0	0	0	0	0	0	0	1	3	3	3	4	2	2
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	10,381	10,425	10,395	10,205	9,039	7,898	7,467	7,784	8,708	8,735	9,183	8,681	8,984	9,421	9,608	8,885	8,902
Resident individuals, up to ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	9,896	9,952	9,941	9,746	8,601	7,463	7,045	7,346	8,182	8,177	8,601	8,091	8,338	8,741	8,920	8,235	8,230
Resident individuals, over ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	17	17	14	16	20	23	22	25	22	27	23	18	18	16	16	16	13
Companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	80	77	74	81	72	81	83	80	100	115	117	125	124	129	129	124	139
Non-resident Indians	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	104	101	96	100	94	86	86	94	136	144	152	158	177	198	205	205	217
Foreign companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	282	276	268	260	250	243	229	237	266	270	288	287	325	335	336	303	301
Trusts	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	1	1	1	1	1	1	1	2	1	1	1	1	2	2	2	2
Hindu undivided families	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	253	255	252	247	239	231	217	223	249	245	261	255	282	288	293	266	270
Clearing Members	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	19	11	6	3	2	2	2	2	2	3	2	2	15	14	14	14	12
Director or Director's Relatives	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	2	2	2	2	2	2	2	2	2	2	2	2	2	–	–	–	–
LLP	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	7	7	7	7	6	7	7	9	11	19	22	27	25	28	25	21	15
Independent Director or his relatives	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	2	2	–	2
Unclaimed or Suspense or Escrow Account	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	–	–	–

Electrotherm (India) 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 Western India Speciality Hospital Limited, 7.65%. The filing names 5 more members with no shares.Promoter buying and selling

Holder
Western India Speciality Hospital LimitedIndian companies, trusts and others	7.65%	9,75,000	0.00%
Shailesh BhandariIndividuals and Hindu undivided families	6.66%	8,48,275	17.68%
Mukesh BhandariIndividuals and Hindu undivided families	6.35%	8,09,500	18.53%
Bhandari RakeshNon-resident and foreign individuals	2.69%	3,42,319	0.00%
Ritu Nagesh BhandariIndividuals and Hindu undivided families	1.69%	2,15,763	0.00%
Reema BhandariIndividuals and Hindu undivided families	1.58%	2,01,800	0.00%
Nagesh Bhanwarlal BhandariIndividuals and Hindu undivided families	1.53%	1,95,470	0.00%
Suraj Shailesh BhandariIndividuals and Hindu undivided families	1.26%	1,61,100	0.00%
Late Indubala BhandariIndividuals and Hindu undivided families	0.40%	51,500	0.00%

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

Largest public holders of Electrotherm (India), filing by filing

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

Holder	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
Castleshine Pte LimitedForeign companies	8.71%	7.85%	7.85%	7.85%	7.85%	7.85%	7.85%	7.85%	7.85%	7.85%	7.85%	7.85%	7.85%	7.85%	7.85%	7.85%	7.85%	7.85%	7.85%	7.85%	7.85%	7.85%	7.85%	7.85%	7.85%	7.85%	7.85%	7.85%	7.85%	7.85%	7.85%	7.85%	7.85%	7.85%	7.85%	7.85%	7.85%	7.85%	7.85%	7.85%
Leadhaven Pte LimitedForeign companies	8.71%	7.85%	7.85%	7.85%	7.85%	7.85%	7.85%	7.85%	7.85%	7.85%	7.85%	7.85%	7.85%	7.85%	7.85%	7.85%	7.85%	7.85%	7.85%	7.85%	7.85%	7.85%	7.85%	7.85%	7.85%	7.85%	7.85%	7.85%	7.85%	7.85%	7.85%	7.85%	7.85%	7.85%	7.85%	7.85%	7.85%	7.85%	7.85%	7.85%
Artiben Jagdishbhai AkhaniResident individuals, over ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	4.66%	4.66%	4.52%	4.52%	4.56%	4.56%	4.56%	4.56%	4.56%	4.56%	4.56%	4.59%	4.59%
Habrok India Master LpForeign portfolio investors, category I	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.08%	1.08%	3.26%	3.97%
Radiant Global Fund-Class B Participating SharesForeign portfolio investors, category I	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.41%	3.91%
Web Businesses.Com Global Ltd.Companies	2.59%	2.34%	2.34%	2.34%	2.34%	2.34%	2.34%	2.34%	2.34%	2.34%	2.34%	2.34%	2.34%	2.34%	2.34%	2.34%	–	–	–	–	2.34%	2.34%	2.34%	2.34%	2.34%	2.34%	2.34%	2.34%	2.34%	2.34%	2.34%	2.34%	2.34%	2.34%	2.34%	2.34%	2.34%	2.34%	2.34%	2.34%
Cassini Partners, L.P. Managed By Habrok Capital Management LlpForeign portfolio investors, category I	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.28%	2.04%
Komalay Investrade Private LimitedCompanies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.83%	1.83%	1.83%	1.83%	1.83%	1.75%	1.75%	1.75%	1.75%	1.75%	–	1.75%	1.75%	1.75%	1.75%
Arjun Leasing and Finance Pvt LtdCompanies	–	1.04%	1.07%	1.44%	1.73%	2.87%	2.87%	2.87%	2.90%	2.91%	1.74%	2.73%	1.93%	1.90%	1.88%	2.60%	2.59%	2.59%	2.59%	2.59%	2.62%	2.49%	2.37%	3.29%	3.00%	2.88%	2.86%	2.86%	2.79%	2.66%	2.65%	2.53%	2.42%	2.05%	1.92%	1.87%	1.84%	1.81%	1.70%	1.64%
Lavish Packagers LimitedCompanies	2.16%	1.95%	1.95%	1.90%	1.50%	1.50%	1.50%	1.50%	1.50%	1.50%	1.50%	1.50%	1.50%	1.50%	1.50%	1.50%	1.50%	1.50%	1.50%	1.50%	1.50%	1.50%	1.50%	1.50%	1.50%	1.50%	1.50%	1.50%	1.50%	1.50%	1.50%	1.50%	1.50%	1.50%	1.50%	1.50%	1.50%	1.50%	1.50%	1.50%
Kiritkumar Amrutlal AkhaniResident individuals, over ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.03%	–	–	–	–	–	–	–	–	–	1.55%	1.55%	1.49%	1.49%	1.49%	1.49%	1.49%	1.49%	1.49%	1.49%	1.49%	1.49%	1.49%
Jaideep Narendra SampatResident individuals, over ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.55%	1.55%	1.55%	1.55%	1.56%	1.56%	1.56%	1.56%	1.44%	1.54%	1.54%	1.54%	1.57%	1.49%	1.49%
Winspire Project Consultants PrivateCompanies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.39%	1.39%	1.39%	1.39%	1.39%	1.33%	1.35%
Patel Jayeshkumar KantilalOther non-institutions	–	–	–	–	–	–	–	–	–	–	1.15%	–	–	–	–	–	–	–	–	–	1.16%	–	–	1.00%	1.00%	–	–	1.00%	1.00%	1.00%	1.00%	1.00%	1.00%	1.00%	1.00%	1.00%	1.00%	1.00%	1.00%	1.00%
8 Square CapitalForeign portfolio investors, category II	–	–	–	–	–	–	–	–	–	–	3.33%	3.93%	3.93%	4.31%	4.31%	4.31%	4.31%	4.31%	4.31%	4.31%	4.31%	4.31%	4.31%	4.31%	4.31%	4.31%	–	4.31%	4.31%	4.31%	4.31%	4.13%	3.90%	3.90%	3.83%	3.83%	3.83%	3.83%	2.32%	–
Anita Jaideep SampatResident individuals, over ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.03%	1.03%	1.03%	1.03%	1.03%	–	–
Highland Finances and Investments Pvt LtdCompanies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.60%	1.53%	1.57%	1.41%	1.78%	1.28%	1.23%	1.08%	1.08%	1.08%	1.08%	1.08%	1.08%	1.08%	1.08%	1.06%	1.04%	1.04%	1.01%	–	–
Komalay InvestradeCompanies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.75%	–	–	–	–
S J Infratech Private LimitedCompanies	–	1.40%	–	–	1.13%	1.13%	1.08%	1.63%	1.63%	1.63%	1.63%	–	1.15%	1.76%	1.09%	–	–	–	1.06%	–	–	–	1.45%	1.59%	1.57%	1.50%	1.50%	1.50%	1.50%	1.40%	1.39%	1.39%	1.39%	–	–	–	–	–	–	–
Aartiben Jagdishbhai ThakkarResident individuals, over ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	5.81%	5.82%	5.65%	5.45%	5.99%	5.21%	4.98%	4.82%	4.66%	–	–	–	–	–	–	–	–	–	–	–	–	–
Patel Jayeshkumar Kantilal HUFOther non-institutions	–	–	–	–	–	–	–	–	–	–	–	1.15%	1.15%	1.15%	1.61%	2.32%	2.32%	2.32%	2.32%	1.16%	–	1.16%	1.00%	–	–	1.00%	1.00%	–	–	–	–	–	–	–	–	–	–	–	–	–
Froid Finance and Investments Pvt LtdCompanies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.07%	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Jaideep SampatResident individuals, over ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.43%	1.36%	1.44%	1.44%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Malay Rohitkumar BhowResident individuals, over ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.03%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Malti Narendra SampatResident individuals, over ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.01%	1.01%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Edelweiss Asset Reconstruction Company LimitedOther non-institutions	–	9.94%	9.94%	9.94%	8.51%	8.22%	7.00%	7.00%	7.00%	7.00%	7.00%	7.00%	7.00%	7.00%	7.00%	6.22%	6.22%	6.22%	6.22%	6.22%	6.22%	5.49%	3.60%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Web Business.Com Global Ltd.Other non-institutions	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	2.34%	2.34%	2.34%	2.34%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Highland Finances & Investments Pvt. Ltd.Other non-institutions	2.18%	1.96%	1.96%	1.72%	1.72%	1.72%	1.72%	1.72%	1.72%	2.01%	1.99%	2.04%	1.28%	1.28%	2.01%	1.97%	–	1.79%	1.78%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Jagdishkumar Amrutlal AkhaniResident individuals, over ₹2 lakh at face value	7.09%	5.43%	6.49%	6.10%	6.19%	6.51%	6.62%	6.51%	6.70%	5.86%	6.48%	4.97%	4.59%	6.28%	6.51%	6.63%	6.28%	5.99%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Froid Finance & Investment Pvt. Ltd.Other non-institutions	2.18%	1.96%	1.96%	2.05%	1.94%	1.81%	1.81%	1.81%	1.81%	1.81%	1.88%	1.88%	1.76%	1.76%	1.76%	1.49%	1.49%	1.43%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Highlan Finances & Investments Pvt. Ltd.Other non-institutions	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.66%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
S J Infra Private LimitedOther non-institutions	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.01%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Jainam Share Consultants Private LimitedOther non-institutions	–	–	–	–	–	–	–	–	–	–	–	–	–	2.30%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Prudent Broking Services Pvt. Ltd.Other non-institutions	–	–	–	–	–	–	–	–	–	–	–	3.49%	3.01%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Axis Bank LimitedOther non-institutions	–	–	–	–	–	–	–	–	–	–	1.36%	–	2.33%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Vardhman Infracon Private LimitedOther non-institutions	1.65%	1.49%	1.49%	1.49%	1.46%	1.46%	1.46%	1.46%	1.46%	1.47%	1.48%	1.49%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Aspire Emerging FundInstitutions Foreign Portfolio Investor	2.53%	2.51%	3.20%	3.22%	3.72%	4.43%	4.43%	4.29%	4.29%	4.29%	1.31%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Dhanvarsha Finvest LimitedOther non-institutions	3.72%	3.35%	3.35%	1.57%	1.57%	1.37%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Passim Share Trade LLPOther non-institutions	–	–	–	–	1.57%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Passim Share Trade Pvt. Ltd.Other non-institutions	3.27%	2.94%	2.94%	2.94%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–

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. The 40 holders most recently named are shown, of 43 holders the filings name.

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: Radiant Global Fund-Class B Participating Shares 3.91%, +2.50 pts; 8 Square Capital no longer named, from 2.32%; Cassini Partners, L.P. Managed By Habrok Capital Management Llp 2.04%, +0.76 pts; 1 more moved
Individuals and others: Arjun Leasing and Finance Pvt Ltd 1.64%, −0.06 pts; Winspire Project Consultants Private 1.35%, +0.02 pts