Maha Rashtra Apex Corporation shareholders and shareholding pattern

NSE: MAHAPEXLTDBSE: 523384FinanceSmall Cap

Maha Rashtra Apex Corporation Limited · Face value ₹10 · Listed May 1991 on BSE, Jan 1998 on NSE

₹47.60₹0.22 (0.46%)BSE ₹48.00

Share price at the NSE close on 29 Oct 2026. Previous close ₹47.38.

29 Oct: open ₹48.29, high ₹48.71, low ₹47.51

Under NSE's long-term additional surveillance, stage I, on the list for 29 Oct 2026. The exchange puts a share here when its price has moved unusually, and trading in it carries extra conditions.

Market cap: ₹134 Cr2,663rd largest listed
P/E: Lossover the last 12 months
P/B: Shares changed
Dividend yield: Nonein the last 12 months
ROE: −5.9%
ROCE: 0.0%
Debt to equity: 0.00
Volume, NSE: 3,67893.2% delivered

Maha Rashtra Apex Corporation's shareholding pattern for Sep 2026, filed on 14 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 Maha Rashtra Apex Corporation, filing by filing

Per cent of the company's shares.

Sep 2026 filing

Promoters71.57%
Foreign institutionsNone
Indian institutionsNone
Individuals and others28.43%

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
	61.27%	61.27%	61.28%	61.28%	61.28%	61.53%	62.54%	62.54%	62.54%	62.54%	62.54%	62.54%	62.54%	62.54%	62.54%	62.54%	62.54%	62.54%	62.54%	62.54%	62.54%	62.54%	62.54%	62.54%	62.54%	62.54%	62.54%	62.54%	62.54%	62.54%	62.54%	62.54%	62.54%	62.54%	62.54%	62.54%	62.54%	62.54%	71.57%	71.57%
Indian promoters	61.27%	61.27%	61.28%	61.28%	61.28%	61.53%	19.00%	62.54%	62.54%	62.54%	62.54%	62.54%	62.54%	62.54%	62.54%	62.54%	62.54%	62.54%	62.54%	62.54%	62.54%	62.54%	62.54%	62.54%	62.54%	62.54%	62.54%	62.54%	62.54%	62.54%	62.54%	62.54%	62.54%	62.54%	62.54%	62.54%	62.54%	62.54%	71.57%	71.57%
Foreign promoters	–	–	–	–	–	–	43.54%	–	–	–	–	–	–	–	–	–	–	–	–	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%	0.00%	–	–	–	–	–	–
	38.73%	38.73%	38.72%	38.72%	38.72%	38.47%	37.46%	37.46%	37.46%	37.46%	37.46%	37.46%	37.46%	37.46%	37.46%	37.46%	37.46%	37.46%	37.46%	37.46%	37.46%	37.47%	37.46%	37.46%	37.46%	37.46%	37.46%	37.46%	37.46%	37.46%	37.46%	37.46%	37.46%	37.46%	37.46%	37.46%	37.46%	37.46%	28.43%	28.43%
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	Under 0.01%	0.00%	0.00%	0.00%	0.00%	0.00%	Under 0.01%	0.00%	0.00%	0.00%	–	–	–	–	–	–
Foreign portfolio investors, category I	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	Under 0.01%	0.00%	0.00%	0.00%	0.00%	0.00%	Under 0.01%	0.00%	0.00%	0.00%	–	–	–	–	–	–
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	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%	Under 0.01%	Under 0.01%
Insurance companies	–	–	–	–	–	Under 0.01%	–	–	–	–	–	–	–	–	–	–	–	–	–	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%	0.00%	–	–	–	–	–	–
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%	Under 0.01%	Under 0.01%
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	37.45%	37.45%	37.45%	37.45%	37.45%	37.45%	37.45%	37.45%	37.45%	37.45%	37.45%	37.45%	37.45%	37.45%	37.45%	28.43%	28.43%
Resident individuals, up to ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	26.98%	26.98%	27.02%	27.46%	26.64%	27.23%	26.80%	27.15%	27.04%	27.40%	27.43%	27.48%	27.64%	27.09%	26.67%	16.64%	17.38%
Resident individuals, over ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	6.84%	6.39%	6.33%	5.38%	6.57%	5.99%	6.30%	5.63%	5.80%	5.55%	5.91%	5.76%	5.45%	5.84%	6.18%	7.77%	7.05%
Companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.59%	0.74%	1.09%	1.23%	0.88%	0.73%	0.87%	0.89%	0.80%	0.80%	0.71%	0.77%	0.86%	0.85%	1.17%	0.90%	0.89%
Non-resident Indians	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.24%	0.28%	0.27%	0.24%	0.25%	0.35%	0.32%	0.16%	0.14%	0.18%	0.16%	0.17%	0.18%	0.36%	0.19%	0.14%	0.14%
Key managers	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	–	–	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%
Relatives of promoters	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.83%	1.83%	1.83%	1.83%	1.83%	1.83%	1.83%	1.83%	1.83%	1.83%	1.83%	1.83%	1.83%	1.83%	1.83%	1.60%	1.60%
Trusts linked to the promoter group	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%
Trusts linked to the promoter group	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	–	–	–	–	–	–
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.96%	1.22%	0.90%	1.31%	1.27%	1.30%	1.32%	1.78%	1.83%	1.68%	1.40%	1.44%	1.49%	1.48%	1.40%	1.36%	1.35%
Clearing Members	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.05%	0.27%	0.02%	0.32%	0.22%	0.16%	0.14%	0.24%	0.13%	0.03%	0.04%	0.04%	0.03%	0.04%	0.04%	0.04%	0.04%
Hindu undivided families	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.90%	0.93%	0.86%	0.88%	0.77%	0.93%	0.94%	0.88%	0.93%	0.88%	0.97%	1.03%	1.08%	1.07%	0.98%	0.89%	0.89%
Trusts	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.01%	0.02%	0.02%	0.02%	0.02%	0.01%	0.01%
LLP	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	Under 0.01%	Under 0.01%	0.09%	0.26%	0.20%	0.22%	0.65%	0.76%	0.76%	0.37%	0.36%	0.36%	0.36%	0.37%	0.42%	0.42%
Shares in issue	1,41,50,100	1,41,50,100	1,41,50,100	1,41,50,100	1,41,50,100	1,40,91,896	1,40,91,896	1,40,91,896	1,40,91,896	1,40,91,896	1,40,91,896	1,40,91,896	1,40,91,896	1,40,91,896	1,40,91,896	1,40,91,896	1,40,91,896	1,40,91,896	1,40,91,896	1,40,91,896	1,40,91,896	1,40,91,896	1,40,91,896	1,40,91,896	1,40,91,896	1,40,91,896	1,40,91,896	1,40,91,896	1,40,91,896	1,40,91,896	1,40,91,896	1,40,91,896	1,40,91,896	1,40,91,896	1,40,91,896	1,40,91,896	1,40,91,896	1,40,91,896	2,81,83,792	2,81,83,792
Shares locked in	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0	150	0	0	0	0	0	0	0	0	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. 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 Maha Rashtra Apex Corporation 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	11,242	11,285	11,201	11,118	11,011	10,781	10,540	10,363	10,232	10,117	10,069	10,004	9,932	9,872	9,851	9,963	10,206	10,262	10,305	10,323	10,333	10,399	10,568	10,774	10,478	10,430	10,516	10,340	10,727	10,834	11,650	12,835	15,578	15,870	15,561	15,333	15,274	15,805	15,657	15,370
	13	13	13	13	13	12	13	13	13	13	13	13	13	13	13	13	13	13	13	13	13	14	14	14	13	13	13	13	13	13	13	13	13	13	13	13	13	13	13	12
Indian promoters	13	13	13	13	13	12	6	13	13	13	13	13	13	13	13	13	13	13	13	13	13	14	14	14	13	13	13	13	13	13	13	13	13	13	13	13	13	13	13	12
Foreign promoters	–	–	–	–	–	–	7	–	–	–	–	–	–	–	–	–	–	–	–	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	–	–	–	–	–	–
	11,229	11,272	11,188	11,105	10,998	10,769	10,527	10,350	10,219	10,104	10,056	9,991	9,919	9,859	9,838	9,950	10,193	10,249	10,292	10,310	10,320	10,385	10,554	10,760	10,465	10,417	10,503	10,327	10,714	10,821	11,637	12,822	15,565	15,857	15,548	15,320	15,261	15,792	15,644	15,358
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	1	0	0	0	0	0	1	0	0	0	–	–	–	–	–	–
Foreign portfolio investors, category I	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	1	0	0	0	0	0	1	0	0	0	–	–	–	–	–	–
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	5	5	5	5	5	5	5	5	5	5	5	5	5	5	5	5	5
Insurance companies	–	–	–	–	–	1	–	–	–	–	–	–	–	–	–	–	–	–	–	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	–	–	–	–	–	–
Banks	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	5	5	5	5	5	5	5	5	5	5	5	5	5	5	5	5	5
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	10,754	10,459	10,412	10,498	10,322	10,709	10,816	11,631	12,817	15,560	15,852	15,543	15,315	15,256	15,787	15,639	15,353
Resident individuals, up to ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	10,533	10,246	10,207	10,267	10,098	10,492	10,585	11,377	12,530	15,248	15,545	15,248	15,010	14,935	15,410	15,258	14,988
Resident individuals, over ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	18	19	16	14	19	17	16	15	15	15	16	15	13	14	15	29	25
Companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	55	59	57	64	63	60	64	68	70	69	67	63	73	81	80	82	80
Non-resident Indians	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	33	28	28	31	32	34	37	46	61	77	77	75	73	76	78	76	77
Key managers	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0	0	0	0	0	0	0	0	0	0	0	–	–	1	1	2	2
Relatives of promoters	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2
Trusts linked to the promoter group	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	1	1	1	1	1
Trusts linked to the promoter group	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	1	1	1	1	1	1	1	1	1	1	–	–	–	–	–	–
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	112	104	101	119	107	103	111	122	138	148	144	139	143	146	200	189	178
Clearing Members	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	16	13	8	13	11	8	9	11	8	9	7	8	8	11	9	9	9
Hindu undivided families	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	90	85	87	99	87	87	94	100	119	129	128	123	127	128	181	173	162
Trusts	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	3	3	3	3	3	3	3	3	3	3	3	3	3	3	4	3	3
LLP	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	3	3	3	4	6	5	5	8	8	7	6	5	5	4	6	4	4

Maha Rashtra Apex Corporation 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 MANIPAL HOLDINGS PRIVATE LIMITED, 20.38%.Promoter buying and selling

Holder
MANIPAL HOLDINGS PRIVATE LIMITEDIndian companies, trusts and others	20.38%	57,44,408	57,44,408
METROPOLIS BUILDERS PVT LTDIndian companies, trusts and others	15.48%	43,62,529	43,62,529
JAYA S PAIIndividuals and Hindu undivided families	13.33%	37,56,012	37,56,012
CHITRAKALA INVESTMENT TRADE & BUSINESS FINANCE LIMITEDIndian companies, trusts and others	7.42%	20,91,764	20,91,764
MANGALA INVESTMENTS LIMITEDIndian companies, trusts and others	5.49%	15,46,383	15,46,383
TONSE SUDHAKAR PAIIndividuals and Hindu undivided families	3.20%	9,02,897	9,02,897
TONSE SUDHAKAR PAIIndian companies, trusts and others	2.79%	7,86,390	7,86,390
SHEELA PAIIndividuals and Hindu undivided families	2.01%	5,65,184	5,65,184
MANIPAL HOME FINANCE LIMITEDIndian companies, trusts and others	1.16%	3,27,048	3,27,048
GENERAL INVESTMENT AND COMMERCIAL CORPORATIONLTDIndian companies, trusts and others	0.31%	87,841	87,841
EFFICIENT MANAGEMENT SERVICES PRIVATE LIMITEDIndian companies, trusts and others	0.00%	400	400
VARADA S PRABHUIndividuals and Hindu undivided families	0.00%	562	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 Maha Rashtra Apex Corporation, 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
GOKULDAS HEGDERelatives of promoters	1.36%	1.36%	1.36%	1.36%	1.36%	1.37%	–	1.37%	1.37%	1.37%	1.37%	1.37%	1.37%	1.37%	1.37%	1.37%	1.37%	1.37%	1.37%	1.37%	1.37%	1.37%	1.37%	1.37%	1.37%	1.37%	1.37%	1.37%	1.37%	1.37%	1.37%	1.37%	1.37%	1.37%	1.37%	1.37%	1.37%	1.37%	1.37%	1.37%
KAILASHBEN ASHOKKUMAR PATELResident individuals, over ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.02%	1.02%
RAJNEESH JHAWAROther non-institutions	–	–	–	–	–	–	–	–	1.82%	1.85%	1.85%	1.85%	2.10%	2.26%	2.42%	1.42%	1.01%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
RAJESH JHAWAROther non-institutions	–	–	–	–	–	1.56%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–

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.