GHCL shareholders and shareholding pattern

NSE: GHCLBSE: 500171Chemicals & PetrochemicalsSmall Cap

GHCL Limited · Formerly Gujarat Heavy Chemicals · Face value ₹10 · Listed Feb 1988 on BSE, Jul 2003 on NSE

₹388.70₹2.20 (0.57%)BSE ₹388.90

Share price at the NSE close on 29 Oct 2026. Previous close ₹386.50.

29 Oct: open ₹385.70, high ₹389.80, low ₹382.65

52-week range of traded prices to 29 Oct 2026

₹370.85Low, 26 Oct 2026₹667.20High, 30 Oct 2025

Next results date: the board meets on 31 Oct 2026 to consider: financial results. The notice · Results calendar

Market cap: ₹3,581 Cr820th largest listed
P/E: 6.82
P/E without one-offs: 7.59
P/B: 1.01
Dividend yield: 3.09%
ROE: 14.9%
ROE without one-offs: 13.4%
ROCE: 16.3%
Debt to equity: 0.02
Volume, NSE: 78,80150.6% delivered

GHCL's shareholding pattern for Sep 2026, filed on 7 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 GHCL, filing by filing

Per cent of the company's shares.

Sep 2026 filing

Promoters19.83%
Foreign institutions21.99%
Indian institutions11.52%
GovernmentsNone
Individuals and others46.66%

Shareholding pattern, per cent, from Sep 2022

Promoters
Foreign institutions
Indian institutions
Governments
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
	18.49%	18.59%	18.93%	19.09%	18.98%	18.98%	18.87%	18.87%	18.87%	18.87%	18.87%	18.93%	18.52%	19.18%	19.26%	19.26%	19.26%	19.24%	19.18%	19.08%	19.08%	19.07%	19.03%	19.03%	61.35%	19.05%	19.06%	19.06%	19.03%	19.04%	19.04%	19.04%	19.04%	19.04%	18.97%	18.97%	19.83%	19.87%	19.83%	19.83%
Indian promoters	12.98%	13.05%	13.29%	13.41%	13.33%	13.33%	13.25%	13.25%	13.25%	13.25%	13.25%	13.32%	12.92%	13.38%	13.47%	13.47%	13.47%	13.45%	13.38%	13.30%	13.30%	13.29%	13.27%	13.27%	42.79%	13.29%	13.29%	13.29%	13.27%	13.29%	13.28%	13.28%	13.28%	13.28%	13.24%	13.24%	13.84%	13.88%	13.85%	13.85%
Foreign promoters	5.51%	5.54%	5.64%	5.69%	5.65%	5.65%	5.62%	5.62%	5.62%	5.62%	5.62%	5.61%	5.61%	5.80%	5.80%	5.80%	5.80%	5.80%	5.80%	5.78%	5.78%	5.78%	5.76%	5.76%	18.56%	5.76%	5.76%	5.76%	5.75%	5.75%	5.75%	5.75%	5.75%	5.75%	5.73%	5.73%	5.99%	5.99%	5.98%	5.98%
	81.51%	81.41%	81.07%	80.91%	81.02%	81.02%	81.13%	81.13%	81.13%	81.13%	81.13%	81.07%	81.48%	80.82%	80.74%	80.74%	80.74%	80.76%	80.83%	80.93%	80.92%	80.93%	80.97%	80.97%	38.65%	80.95%	80.94%	80.94%	80.97%	80.96%	80.96%	80.96%	80.96%	80.96%	81.03%	81.03%	80.17%	80.13%	80.17%	80.17%
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	22.40%	0.00%	25.09%	26.04%	25.27%	24.66%	24.99%	24.76%	25.70%	25.42%	26.07%	26.41%	25.67%	25.22%	24.66%	22.43%	21.99%
Foreign portfolio investors, category I	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.00%	0.00%	20.21%	21.06%	20.53%	20.44%	20.78%	21.38%	24.60%	24.51%	25.18%	25.49%	24.94%	24.65%	24.05%	22.00%	21.31%
Foreign portfolio investors, category II	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	22.40%	0.00%	4.88%	4.98%	4.74%	4.22%	4.21%	3.38%	1.10%	0.90%	0.88%	0.92%	0.73%	0.57%	0.61%	0.44%	0.68%
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	11.82%	38.65%	10.79%	10.78%	9.68%	8.62%	8.31%	9.30%	9.81%	10.37%	10.11%	10.29%	10.53%	9.50%	10.57%	11.22%	11.52%
Mutual funds	2.08%	2.54%	2.80%	2.86%	7.92%	10.17%	10.39%	11.21%	11.63%	12.31%	12.75%	12.95%	13.05%	16.72%	16.76%	17.55%	17.77%	17.17%	17.04%	15.57%	15.11%	15.15%	12.60%	10.61%	32.92%	9.92%	9.88%	8.04%	6.99%	7.36%	8.27%	8.62%	9.06%	8.80%	8.81%	8.97%	7.90%	8.97%	9.53%	9.69%
Insurance companies	4.09%	3.79%	3.86%	3.89%	3.45%	3.40%	3.38%	3.38%	3.38%	3.43%	3.43%	3.43%	3.43%	3.54%	3.54%	3.54%	3.54%	3.71%	3.71%	3.74%	3.74%	3.74%	2.92%	1.14%	2.50%	0.78%	0.78%	0.78%	0.77%	0.77%	0.77%	0.77%	0.77%	0.77%	0.77%	0.77%	0.77%	0.77%	0.76%	0.76%
Banks	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	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	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.07%	0.16%	0.15%	0.15%	0.17%	0.17%	0.18%	0.06%	0.07%	0.20%	0.09%	0.12%	0.86%	0.84%	0.16%	0.25%	0.40%	0.52%	0.52%	0.70%	0.78%	0.82%	0.83%	0.91%	1.06%
Non-bank lenders registered with RBI	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	3.03%	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%	0.00%	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%	0.00%	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%
State governments	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	0.00%	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%
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	46.74%	0.00%	45.07%	44.12%	45.99%	47.70%	47.66%	46.90%	45.45%	45.18%	44.79%	44.33%	44.82%	45.45%	44.89%	46.52%	46.66%
Resident individuals, up to ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	18.12%	0.00%	17.24%	17.44%	17.63%	18.38%	19.01%	18.53%	17.20%	17.15%	16.58%	16.95%	16.90%	16.87%	17.28%	18.79%	18.67%
Resident individuals, over ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	6.48%	0.00%	5.73%	4.57%	8.81%	9.96%	9.19%	8.97%	8.67%	8.86%	9.48%	9.15%	9.22%	9.31%	8.82%	8.90%	8.88%
Companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	15.31%	0.00%	15.67%	15.59%	12.89%	12.82%	12.79%	12.84%	13.27%	13.07%	12.65%	12.07%	12.33%	12.68%	12.58%	11.66%	11.81%
Non-resident Indians	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.77%	0.00%	1.61%	1.64%	1.67%	1.72%	1.76%	1.80%	1.71%	1.68%	1.69%	1.66%	1.70%	1.72%	1.73%	1.83%	1.92%
Foreign nationals	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	0.00%	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 companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	0.00%	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%
Investor education fund	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.14%	0.00%	1.14%	1.14%	1.14%	1.19%	1.19%	1.24%	1.24%	1.27%	1.27%	1.26%	1.32%	1.37%	1.36%	1.34%	1.39%
Directors and their relatives	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.68%	0.00%	0.68%	0.68%	0.68%	0.68%	0.68%	0.68%	0.68%	0.68%	0.68%	0.76%	0.76%	0.80%	0.74%	0.90%	0.85%
Key managers	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.04%	0.00%	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.02%	0.02%
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	3.20%	0.00%	2.95%	3.02%	3.13%	2.91%	3.01%	2.81%	2.64%	2.43%	2.41%	2.44%	2.56%	2.68%	2.35%	3.08%	3.12%
Trusts	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.49%	–	0.49%	0.49%	0.51%	0.52%	0.50%	0.49%	0.49%	0.49%	0.49%	0.50%	0.51%	0.53%	0.53%	1.34%	1.34%
Hindu undivided families	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.14%	–	1.12%	1.09%	1.12%	1.18%	1.14%	1.11%	1.05%	1.00%	0.97%	0.98%	0.97%	0.99%	1.00%	0.97%	0.99%
Clearing Members	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.10%	–	0.02%	Under 0.01%	0.01%	Under 0.01%	0.06%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	0.12%	0.14%	0.12%	0.08%	0.11%
Bodies Corporate	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.32%	1.44%	–	–	–	–	–	–	–	–	–	–	–	–	–
Others	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.47%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
LLP	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.49%	1.21%	1.32%	1.20%	1.10%	0.94%	0.95%	0.96%	0.96%	1.01%	0.70%	0.68%	0.69%
Unclaimed or Suspense or Escrow Account	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	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%	0.01%	Under 0.01%	Under 0.01%	Under 0.01%
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%	0.00%	1.08%	3.23%	1.10%	1.10%	1.09%	1.09%	1.09%	1.10%	1.10%	1.10%	1.10%	1.10%	1.10%	1.10%	1.10%	1.10%	1.10%	1.10%	1.10%	1.10%	1.10%	1.10%	1.10%	1.10%	1.10%	0.00%	0.00%	0.00%	0.00%	0.00%
Shares in issue	10,00,19,286	9,94,72,736	9,77,10,786	9,68,63,286	9,74,23,286	9,74,23,286	9,80,08,286	9,80,08,286	9,80,28,286	9,80,28,286	9,80,28,286	9,82,13,286	9,82,13,286	9,50,13,286	9,50,13,286	9,50,13,286	9,50,13,286	9,50,13,286	9,50,13,286	9,53,50,786	9,53,50,786	9,53,50,786	9,55,85,786	9,55,85,786	2,96,74,622	9,55,85,786	9,55,85,786	9,55,85,786	9,57,23,986	9,57,23,986	9,57,54,786	9,57,54,786	9,57,54,786	9,57,54,786	9,60,72,086	9,60,72,086	9,19,34,155	9,19,34,155	9,21,30,655	9,21,30,655
Shares underlying depositary receipts	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0	0	0	0	0	0	0	0	0	2,320	709	0	0	0	0	0	–	–	–	–	–	–

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 GHCL 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	58,353	59,356	62,514	66,358	65,902	65,075	62,533	60,650	60,510	58,868	58,457	58,741	58,808	64,355	65,081	66,779	67,078	66,217	65,068	70,641	70,521	69,044	1,06,265	1,08,131	58	93,009	95,202	1,00,298	1,06,502	1,12,859	1,09,113	1,07,047	1,10,664	1,08,630	1,01,128	96,988	95,574	94,819	98,031	95,849
	41	41	41	41	41	41	41	41	41	41	41	42	41	38	37	37	37	37	37	37	36	36	36	36	36	36	36	36	36	36	35	35	35	35	35	35	35	35	35	35
Indian promoters	39	39	39	39	39	39	39	39	39	39	39	40	39	36	35	35	35	35	35	35	34	34	34	34	34	34	34	34	34	34	33	33	33	33	33	33	33	33	33	33
Foreign promoters	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
	58,312	59,315	62,473	66,317	65,861	65,034	62,492	60,609	60,469	58,827	58,416	58,699	58,767	64,317	65,044	66,742	67,041	66,180	65,031	70,604	70,485	69,008	1,06,229	1,08,095	22	92,973	95,166	1,00,261	1,06,465	1,12,823	1,09,078	1,07,012	1,10,629	1,08,595	1,01,093	96,953	95,539	94,784	97,996	95,814
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	166	0	171	166	157	152	157	153	165	173	192	189	183	168	167	134	133
Foreign portfolio investors, category I	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0	0	154	148	144	142	145	141	154	159	171	170	164	151	150	121	122
Foreign portfolio investors, category II	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	166	0	17	18	13	10	12	12	11	14	21	19	19	17	17	13	11
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	23	22	20	18	20	23	21	22	27	28	32	32	32	32	29	30	26
Mutual funds	19	19	18	18	27	11	11	11	11	10	10	11	10	10	10	11	11	11	9	9	9	9	9	9	9	8	6	6	8	8	9	11	11	12	13	12	12	11	11	6
Insurance companies	4	4	4	4	3	2	2	2	2	2	2	2	2	2	2	2	2	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
Banks	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	7	7	7	7	7	7	7	7	7	8	7	7	7	7	7	7	6
Alternative investment funds	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	4	2	2	4	4	4	2	4	3	2	2	4	4	2	3	6	6	9	8	10	10	8	9	11
Non-bank lenders registered with RBI	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	2	1	1	1	2	2	1	1	1	2	2	1	1	1	1	1
Other financial institutions	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	0	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	0	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
State governments	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	0	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1,07,905	0	92,781	94,981	1,00,083	1,06,289	1,12,644	1,08,902	1,06,819	1,10,427	1,08,370	1,00,871	96,737	95,338	94,587	97,831	95,654
Resident individuals, up to ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1,01,780	0	87,512	89,451	94,282	1,00,049	1,06,062	1,02,338	1,00,408	1,03,967	1,01,916	94,535	90,434	88,975	88,159	91,332	89,147
Resident individuals, over ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	108	0	104	96	97	97	90	87	83	80	81	84	82	82	79	85	87
Companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	724	0	676	703	798	855	885	874	861	865	847	833	824	787	805	805	830
Non-resident Indians	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	3,515	0	2,854	3,017	3,172	3,348	3,546	3,577	3,562	3,601	3,679	3,536	3,512	3,485	3,541	3,542	3,539
Foreign nationals	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	0	1	1	1	1	2	1	1	1	2	2	2	2	2	2	2
Foreign companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	0	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
Investor education fund	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	0	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
Directors and their relatives	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	5	0	5	5	5	5	5	5	5	4	4	5	5	5	5	5	5
Key managers	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	0	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1,769	0	1,626	1,705	1,725	1,931	2,051	2,017	1,896	1,906	1,838	1,873	1,875	1,999	1,993	2,057	2,041
Trusts	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	3	–	2	3	14	15	15	8	6	6	6	6	6	3	3	3	4
Hindu undivided families	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1,644	–	1,551	1,642	1,639	1,834	1,952	1,947	1,830	1,829	1,757	1,796	1,780	1,906	1,903	1,953	1,960
Clearing Members	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	74	–	31	6	5	7	7	6	5	6	6	6	22	23	22	28	26
Bodies Corporate	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	42	54	–	–	–	–	–	–	–	–	–	–	–	–	–
Others	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	48	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
LLP	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	66	74	76	55	54	64	68	64	66	66	64	72	50
Unclaimed or Suspense or Escrow Account	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	1	1	1	1	1	1	1	1	1	1	1	1

GHCL 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 Hindustan Commercial Company Limited, 3.23%.Promoter buying and selling

Holder
Hindustan Commercial Company LimitedIndian companies, trusts and others	3.23%	29,79,737
Gems Commercial Company LimitedIndian companies, trusts and others	3.19%	29,40,207
Banjax LimitedForeign companies and others	3.03%	27,89,700
Hexabond LimitedForeign companies and others	2.95%	27,18,200
Oval Investment Private LimitedIndian companies, trusts and others	2.81%	25,88,848
Lhonak Enternational Private LimitedIndian companies, trusts and others	1.48%	13,65,599
Anurag Dalmia HufIndividuals and Hindu undivided families	0.64%	5,85,124
Carissa Investment Private LimitedIndian companies, trusts and others	0.52%	4,81,752
Harvatex Engineering and Processing Company limitedIndian companies, trusts and others	0.45%	4,15,723
WGF Financial Services LtdIndian companies, trusts and others	0.41%	3,78,807
Anurag Trading Leasing and Investment Companyprivate LtdIndian companies, trusts and others	0.31%	2,87,200
Dalmia Finance LtdIndian companies, trusts and others	0.22%	2,00,244
Archana Trading and Investment Company Private LimitedIndian companies, trusts and others	0.14%	1,32,848
Anurag DalmiaIndividuals and Hindu undivided families	0.14%	1,25,225
Neelabh DalmiaIndividuals and Hindu undivided families	0.14%	1,26,801
Bharatpur Investment LimitedIndian companies, trusts and others	0.04%	38,842
Sanjay Trading Investment Company Private LimitedIndian companies, trusts and others	0.03%	29,100
Golden Tobacco LimitedIndian companies, trusts and others	0.02%	16,578
General Exports and Credits LimitedIndian companies, trusts and others	0.02%	17,000
Pashupatinath Commercial Pvt. Ltd.Indian companies, trusts and others	0.02%	15,000
Sovereign Commercial Pvt.Ltd.Indian companies, trusts and others	0.01%	6,000
Dalmia Housing Finance LimitedIndian companies, trusts and others	0.01%	5,707
Trishul Commercial Pvt.Ltd.Indian companies, trusts and others	0.01%	5,100
Ricklunsford Trade and Industrial Investment LtdIndian companies, trusts and others	0.00%	1,960
Sikar Investment Company LimitedIndian companies, trusts and others	0.00%	1,800
Swastik Commercial Pvt.Ltd.Indian companies, trusts and others	0.00%	3,700
Comosum Investment Pvt LtdIndian companies, trusts and others	0.00%	701
Dear Investment P. Ltd.Indian companies, trusts and others	0.00%	55
Chirawa Investment LimitedIndian companies, trusts and others	0.00%	1,860
Antarctica Investment Pvt LtdIndian companies, trusts and others	0.00%	768
Lakshmi Vishnu Investment LimitedIndian companies, trusts and others	0.00%	1,860
Altar Investment P LtdIndian companies, trusts and others	0.00%	318
Lovely Investment Pvt LtdIndian companies, trusts and others	0.00%	645
Mourya Finance LimitedIndian companies, trusts and others	0.00%	1,860
Alankar Commercial Private LimitedIndian companies, trusts and others	0.00%	2,600

No promoter shares are reported as pledged.

Largest public holders of GHCL, 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
Ares DiversifiedForeign portfolio investors, category I	4.93%	4.96%	5.05%	5.09%	5.06%	5.06%	5.03%	5.03%	5.03%	5.03%	–	5.02%	5.02%	5.19%	5.19%	5.19%	5.19%	5.19%	5.19%	4.89%	4.86%	4.86%	4.85%	4.90%	–	4.90%	4.90%	4.90%	4.89%	4.89%	4.89%	4.89%	4.89%	4.89%	4.87%	4.87%	5.09%	5.09%	5.08%	5.08%
Arial Holdings 1Foreign portfolio investors, category I	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	3.14%	3.14%	3.14%	3.13%	3.13%	3.27%	3.27%	3.27%	3.27%
J.P. Financial Services Pvt LtdCompanies	4.94%	4.96%	–	–	–	1.94%	1.63%	2.56%	–	–	–	3.32%	3.32%	2.10%	2.10%	2.10%	2.10%	2.10%	2.10%	2.09%	2.09%	2.09%	2.09%	2.09%	–	2.93%	2.93%	2.93%	2.92%	2.92%	2.92%	2.92%	2.92%	2.92%	2.91%	2.91%	3.04%	3.04%	3.04%	3.04%
Varanasi Commercial Ltd.Companies	2.99%	3.01%	3.06%	3.09%	3.07%	1.26%	1.05%	1.10%	1.25%	1.45%	1.45%	1.45%	1.45%	1.50%	1.55%	1.55%	1.55%	1.55%	1.55%	1.55%	1.55%	1.55%	1.54%	1.54%	–	1.69%	1.69%	1.69%	1.69%	1.69%	1.69%	1.69%	1.69%	1.69%	1.69%	1.69%	1.76%	1.76%	1.76%	1.76%
Investor Education and Protection Fund Authority Ministry of Corporate AffairsInvestor education fund	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.14%	–	–	–	–	–	–	1.24%	1.24%	1.27%	–	–	–	–	–	–	1.39%
Aarkay Investments Pvt. Ltd.Companies	–	–	–	–	–	1.13%	1.12%	1.11%	1.12%	1.38%	1.38%	1.37%	1.37%	1.42%	2.10%	2.10%	2.10%	2.10%	2.10%	2.10%	2.10%	2.10%	2.09%	2.09%	–	1.25%	1.31%	1.31%	1.31%	1.31%	1.31%	1.31%	1.31%	1.31%	1.31%	1.31%	1.37%	1.37%	1.36%	1.36%
Rajiv KumarResident individuals, over ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.46%	1.46%	1.72%	1.33%	1.33%	1.33%	1.33%	1.20%	1.20%	1.25%	1.25%	1.25%	1.25%
Noble Communications Pvt LtdCompanies	–	–	–	–	–	3.81%	3.79%	3.05%	3.05%	1.93%	1.93%	1.93%	1.93%	1.89%	2.10%	2.10%	2.10%	2.10%	2.07%	2.06%	2.06%	2.06%	2.06%	2.06%	–	1.11%	1.18%	1.18%	1.18%	1.18%	1.18%	1.18%	1.18%	1.18%	1.17%	1.17%	1.23%	1.23%	1.22%	1.23%
Atul JainResident individuals, over ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.03%	1.03%	1.02%	1.02%	1.02%	1.02%	1.06%	1.06%	1.06%	1.06%
Vanguard Total International Stock Index FundForeign portfolio investors, category I	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.10%	1.10%	1.10%	1.10%	1.10%	1.13%	1.13%	1.13%	1.13%	1.01%	–	1.04%	1.04%	1.04%	1.02%
Elm Park Fund LimitedForeign portfolio investors, category I	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.03%	1.03%	1.03%	1.03%	1.03%	–	1.03%	1.03%	1.03%	1.02%	1.02%	1.02%	1.02%	1.02%	1.02%	–	1.01%	1.01%	1.01%	1.00%	1.00%
IEPFInvestor education fund	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.14%	1.19%	1.19%	–	–	–	–	–	–	–	1.36%	1.34%	–
Ishares Core Msci Emerging Markets EtfForeign portfolio investors, category I	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.03%	1.13%	1.22%	–	–
Investor Education and ProtectionInvestor education fund	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.26%	1.32%	1.37%	–	–	–
Dolly KhannaResident individuals, over ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.03%	1.13%	1.21%	1.07%	–	–	–
Nse Clearing LimitedCompanies	–	–	–	–	–	–	–	1.35%	1.35%	1.35%	1.35%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.04%	–	–	–
Vanguard Emerging Markets Stock Index Fund, A Series of Vanguard International Equity Index FundsForeign portfolio investors, category I	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.04%	1.04%	1.04%	1.04%	1.04%	1.04%	1.01%	1.01%	1.01%	1.00%	–	–	–	–	–
Eos Multi Strategy Fund Aiflnp V.C.I.C. LtdForeign portfolio investors, category II	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	2.58%	–	–	–	–	–	–	–	–	–
Eos Multi Strategy Fund LtdForeign portfolio investors, category II	2.87%	2.93%	2.98%	3.01%	2.99%	3.02%	3.01%	3.01%	3.01%	3.01%	–	3.00%	3.00%	3.10%	3.10%	3.10%	3.10%	3.10%	3.10%	3.09%	3.09%	3.09%	3.08%	3.08%	–	3.08%	3.08%	3.08%	3.08%	3.08%	–	–	–	–	–	–	–	–	–	–
Investor Education and Protection Fund AuthorityInvestor education fund	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.14%	–	–	–	–	–	–	–	–	–	–	–	–	–
Investor Education and Protection FundInvestor education fund	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.14%	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Lici Asm Non ParInsurance companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	2.92%	1.14%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Shantaben Karsanbhai PatelResident individuals, over ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	1.04%	1.04%	1.07%	1.07%	1.07%	1.07%	1.07%	1.07%	1.07%	1.07%	1.07%	1.06%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Life Insurance Corporation of IndiaInsurance companies	3.14%	3.15%	3.21%	3.24%	3.22%	3.22%	3.20%	3.20%	3.20%	3.20%	3.20%	3.20%	3.20%	3.30%	3.30%	3.30%	3.30%	3.71%	3.71%	3.74%	3.74%	3.74%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Hypnos Fund LimitedInstitutions Foreign Portfolio Investor	–	–	–	–	–	3.18%	3.16%	2.55%	2.55%	2.50%	–	2.34%	2.14%	2.21%	2.21%	2.21%	2.21%	2.21%	2.21%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Trans Scan Sec Pvt. Ltd.Other non-institutions	–	–	–	–	–	–	–	–	–	–	–	–	–	1.45%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Bajaj Finance LimitedOther non-institutions	–	–	–	–	–	–	–	–	–	–	–	–	2.64%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Suresh Kumar AgarwalResident individuals, over ₹2 lakh at face value	2.10%	2.11%	2.15%	2.16%	2.15%	2.15%	2.14%	2.14%	2.14%	2.14%	2.14%	2.14%	2.14%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Campbell Advertising Pvt LtdOther non-institutions	–	–	–	–	–	–	–	–	–	–	–	2.69%	1.76%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Ashish KacholiaResident individuals, over ₹2 lakh at face value	1.50%	1.51%	1.54%	1.55%	1.54%	1.54%	1.69%	1.69%	1.69%	1.69%	1.69%	1.69%	1.63%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Rbc Emerging Markets Dividend FundInstitutions Foreign Portfolio Investor	–	–	–	1.00%	1.56%	1.60%	1.68%	1.23%	1.37%	1.41%	–	1.40%	1.40%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
J P Financial Services LimitedOther non-institutions	–	–	5.05%	5.10%	5.07%	–	–	–	2.67%	3.33%	3.33%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Indianivesh LimitedOther non-institutions	–	–	–	2.48%	2.41%	1.93%	1.92%	2.10%	3.26%	2.77%	1.67%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Indianivesh Securities LimitedOther non-institutions	–	–	–	–	–	–	–	–	–	–	1.21%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Ratanben H PatelResident individuals, over ₹2 lakh at face value	–	–	–	–	–	1.04%	1.04%	1.04%	1.04%	1.04%	1.04%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Nsccl-CcOther non-institutions	1.32%	1.33%	1.35%	1.37%	1.36%	1.36%	1.35%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Indianivesh Capitals LimitedNon-bank lenders registered with RBI	3.06%	2.29%	3.55%	1.16%	1.04%	1.02%	1.08%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Finquest Securities Pvt. Ltd. - Client Beneficiary A/COther non-institutions	–	–	3.47%	3.50%	3.48%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Jayesh H PatelResident individuals, over ₹2 lakh at face value	1.02%	1.02%	1.04%	1.05%	1.04%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Ocean Dial Gateway To India Mauritius LimitedInstitutions Foreign Portfolio Investor	–	–	2.03%	1.75%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–

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 44 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: Vanguard Total International Stock Index Fund 1.02%, −0.02 pts
Individuals and others: Investor Education and Protection Fund Authority Ministry of Corporate Affairs newly named at 1.39%; IEPF no longer named, from 1.34%; Noble Communications Pvt Ltd 1.23%, +0.01 pts