Punjab Chemicals & Crop Protection shareholders and shareholding pattern

NSE: PUNJABCHEMBSE: 506618Fertilizers & AgrochemicalsSmall Cap

Punjab Chemicals & Crop Protection Limited · Formerly Punjab Chemicals & Pharmaceuticals · Face value ₹10 · Listed Apr 1977 on BSE, Mar 2007 on NSE

₹951.20₹13.90 (1.44%)BSE ₹949.65

Share price at the NSE close on 30 Oct 2026. Previous close ₹965.10.

30 Oct: open ₹966.00, high ₹979.80, low ₹945.00

52-week range of traded prices to 30 Oct 2026

₹876.60Low, 30 Mar 2026₹1,533.90High, 3 Nov 2025

Next results date: the board meets on 3 Nov 2026 to consider: financial results. The notice · Results calendar

Market cap: ₹1,166 Cr1,353rd largest listed
P/E: 17.83
P/B: 2.75
Dividend yield: 0.32%
ROE: 16.6%
ROCE: 16.4%
Debt to equity: 0.36
Volume, NSE: 1,70866.0% delivered

Punjab Chemicals & Crop Protection'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 Punjab Chemicals & Crop Protection, filing by filing

Per cent of the company's shares.

Sep 2026 filing

Promoters39.24%
Foreign institutions6.66%
Indian institutions0.74%
Individuals and others53.37%

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
	44.80%	44.80%	44.80%	44.80%	44.80%	40.03%	40.03%	40.03%	40.03%	40.03%	40.03%	40.03%	40.03%	40.03%	40.03%	39.22%	39.22%	39.22%	39.22%	39.22%	39.22%	39.22%	39.22%	39.22%	39.22%	39.22%	39.22%	39.22%	39.22%	39.22%	39.22%	39.22%	39.22%	39.22%	39.22%	39.22%	39.22%	39.24%	39.24%	39.24%
Indian promoters	44.80%	44.80%	44.80%	44.80%	44.80%	40.03%	40.03%	40.03%	40.03%	40.03%	40.03%	40.03%	40.03%	40.03%	40.03%	39.22%	39.22%	39.22%	39.22%	39.22%	39.22%	39.22%	39.22%	39.22%	39.22%	39.22%	39.22%	39.22%	39.22%	39.22%	39.22%	39.22%	39.22%	39.22%	39.22%	39.22%	39.22%	39.24%	39.24%	39.24%
	55.20%	55.20%	55.20%	55.20%	55.20%	59.97%	59.97%	59.97%	59.97%	59.97%	59.97%	59.97%	59.97%	59.97%	59.97%	60.78%	60.78%	60.78%	60.78%	60.80%	60.79%	60.78%	60.78%	60.78%	60.78%	60.78%	60.78%	60.78%	60.78%	60.78%	60.78%	60.78%	60.78%	60.78%	60.78%	60.78%	60.78%	60.76%	60.76%	60.76%
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	3.05%	2.99%	2.99%	2.97%	2.98%	2.98%	3.00%	3.02%	2.97%	2.94%	3.06%	2.99%	3.02%	3.01%	3.01%	5.86%	6.66%
Foreign portfolio investors, category I	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	2.70%	0.00%	2.64%	2.62%	2.64%	2.95%	2.97%	2.99%	2.94%	2.91%	3.03%	2.96%	2.99%	2.95%	2.98%	5.83%	6.62%
Foreign portfolio investors, category II	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.35%	2.99%	0.35%	0.35%	0.35%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.06%	0.03%	0.03%	0.03%
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.80%	1.02%	0.98%	0.20%	0.15%	0.15%	0.42%	0.41%	0.39%	0.50%	0.55%	0.54%	0.56%	0.56%	0.62%	0.63%	0.74%
Mutual funds	0.05%	0.05%	0.05%	0.05%	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%	0.43%	0.73%	0.65%	0.70%	0.84%	0.79%	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%
Insurance companies	–	–	–	0.10%	0.10%	–	0.10%	0.10%	0.10%	0.10%	0.03%	0.03%	0.03%	–	–	–	–	–	–	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%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%
Alternative investment funds	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.33%	0.51%	0.47%	0.32%	0.09%	0.09%	0.17%	0.18%	0.18%	0.13%	0.13%	0.40%	0.40%	0.37%	0.48%	0.53%	0.53%	0.55%	0.55%	0.61%	0.63%	0.73%
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%	–	–	–	–	–	–
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	56.93%	56.78%	56.82%	57.61%	57.65%	57.65%	57.36%	57.35%	57.43%	57.34%	57.17%	57.25%	57.21%	57.22%	57.14%	54.27%	53.37%
Resident individuals, up to ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	13.99%	14.94%	15.12%	16.40%	16.92%	16.46%	16.61%	16.80%	16.99%	16.94%	16.61%	16.01%	16.90%	16.59%	16.52%	16.97%	17.05%
Resident individuals, over ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	4.51%	3.76%	3.70%	3.91%	2.94%	4.01%	3.39%	3.27%	3.27%	3.69%	2.97%	3.40%	2.99%	3.54%	3.52%	3.58%	4.03%
Companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	34.26%	33.96%	33.81%	32.99%	33.35%	32.81%	33.13%	33.02%	32.32%	32.24%	33.05%	33.12%	32.78%	32.49%	32.49%	29.13%	27.60%
Non-resident Indians	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.17%	0.20%	0.22%	0.49%	0.57%	0.63%	0.60%	0.63%	0.64%	0.68%	0.70%	0.69%	0.76%	0.75%	0.89%	0.88%	0.93%
Investor education fund	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.87%	0.87%	0.86%	0.85%	0.85%	0.85%	0.85%	0.85%	0.84%	0.84%	0.84%	0.84%	0.83%	0.83%	0.82%	0.82%	0.81%
Directors and their relatives	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.42%	0.42%	0.41%	0.33%	0.33%	0.33%	0.33%	0.33%	0.33%	0.33%	0.33%	0.33%	0.33%	0.33%	0.33%	0.33%	0.33%
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	2.72%	2.64%	2.70%	2.63%	2.69%	2.56%	2.45%	2.44%	3.03%	2.61%	2.67%	2.86%	2.61%	2.67%	2.57%	2.57%	2.61%
Director or Director's Relatives	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	–	–	–	–	–	–	–	–	–
Trusts	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.10%	0.12%	0.14%	0.14%	0.13%
Clearing Members	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.10%	Under 0.01%	0.01%	Under 0.01%	Under 0.01%	0.04%	0.04%	0.03%	0.04%	0.04%	0.03%	0.07%	0.07%	0.07%	0.04%	0.03%	0.04%
Hindu undivided families	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	2.37%	2.34%	2.38%	2.52%	2.57%	2.40%	2.29%	2.29%	2.22%	1.76%	1.75%	1.91%	1.60%	1.61%	1.55%	1.53%	1.59%
Non-Resident Indian (NRI)	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.13%	0.18%	0.20%	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Unclaimed or Suspense or Escrow Account	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.09%	0.09%	0.09%	0.09%	0.09%	0.09%	0.08%	0.08%	0.08%	0.08%	0.08%	0.08%	0.08%	0.08%	0.08%	0.08%	0.08%
LLP	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.65%	0.70%	0.78%	0.76%	0.75%	0.79%	0.77%	0.78%	0.76%
Promoter shares pledgedShare of the promoters' own shares	77.60%	77.60%	77.60%	77.60%	77.60%	86.85%	86.85%	86.85%	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%	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%	0.00%	0.00%
Shares in issue	1,22,62,185	1,22,62,185	1,22,62,185	1,22,62,185	1,22,62,185	1,22,62,185	1,22,62,185	1,22,62,185	1,22,62,185	1,22,62,185	1,22,62,185	1,22,62,185	1,22,62,185	1,22,62,185	1,22,62,185	1,22,62,185	1,22,62,185	1,22,62,185	1,22,62,185	1,22,62,185	1,22,62,185	1,22,62,185	1,22,62,185	1,22,62,185	1,22,62,185	1,22,62,185	1,22,62,185	1,22,62,185	1,22,62,185	1,22,62,185	1,22,62,185	1,22,62,185	1,22,62,185	1,22,62,185	1,22,62,185	1,22,62,185	1,22,62,185	1,22,62,185	1,22,62,185	1,22,62,185

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 Punjab Chemicals & Crop Protection 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	26,391	25,561	25,360	24,733	15,953	15,737	15,563	15,177	14,978	14,871	14,630	14,420	14,363	14,226	14,255	14,521	14,152	14,451	15,327	19,399	19,383	19,419	19,962	20,504	21,239	21,029	21,946	22,168	21,183	21,336	20,685	21,302	21,267	21,044	20,205	20,641	19,450	19,299	19,497	19,437
	9	9	9	9	9	8	8	8	8	8	8	8	8	8	8	7	7	7	7	7	7	7	7	7	7	7	7	7	7	7	7	7	7	7	7	7	7	7	7	7
Indian promoters	9	9	9	9	9	8	8	8	8	8	8	8	8	8	8	7	7	7	7	7	7	7	7	7	7	7	7	7	7	7	7	7	7	7	7	7	7	7	7	7
	26,382	25,552	25,351	24,724	15,944	15,729	15,555	15,169	14,970	14,863	14,622	14,412	14,355	14,218	14,247	14,514	14,145	14,444	15,320	19,392	19,376	19,412	19,955	20,497	21,232	21,022	21,939	22,161	21,176	21,329	20,678	21,295	21,260	21,037	20,198	20,634	19,443	19,292	19,490	19,430
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	8	6	5	4	5	5	6	7	4	6	10	7	7	6	6	8	8
Foreign portfolio investors, category I	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	6	0	3	2	3	4	5	6	3	4	8	5	5	4	5	6	5
Foreign portfolio investors, category II	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	2	6	2	2	2	1	1	1	1	2	2	2	2	2	1	2	3
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	10	11	11	9	8	8	9	9	9	10	11	9	9	9	9	9	9
Mutual funds	9	9	9	9	3	3	3	3	3	3	3	3	3	3	3	3	3	3	3	3	4	4	4	5	5	5	3	3	3	3	3	3	3	3	3	3	3	3	3	3
Insurance companies	–	–	–	1	1	–	1	1	1	1	1	1	1	–	–	–	–	–	–	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	–	–	–	–	–	–
Banks	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	3	3	3	3	3	3	3	3	3	3	4	3	2	2	2	2	2
Alternative investment funds	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	2	2	2	1	1	2	2	2	1	1	2	2	2	3	3	3	4	4	4	4	4
Non-bank lenders registered with RBI	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	1	1	1	1	1	1	1	1	1	1	–	–	–	–	–	–
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	20,479	21,215	21,006	21,926	22,148	21,163	21,314	20,662	21,282	21,244	21,016	20,182	20,618	19,428	19,277	19,473	19,413
Resident individuals, up to ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	19,520	20,206	19,990	20,883	21,034	20,058	20,201	19,543	20,121	20,071	19,840	19,050	19,451	18,314	18,136	18,314	18,235
Resident individuals, over ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	13	11	11	12	10	14	13	11	11	12	9	11	9	11	11	11	12
Companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	268	271	284	300	307	277	280	304	277	279	279	272	273	270	269	267	271
Non-resident Indians	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	120	131	143	272	311	322	329	329	342	357	358	350	366	351	373	379	401
Investor education fund	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
Directors and their relatives	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	5	5	5	3	2	2	2	2	3	3	3	3	3	3	3	3	3
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	552	590	572	455	483	489	488	472	527	521	526	495	515	478	484	498	490
Director or Director's Relatives	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	1	1	1	–	–	–	–	–	–	–	–	–
Trusts	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	2	2	2	2	2	3	2	2	2	3	3	3	4	4	4	4	3
Clearing Members	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	28	14	13	5	2	17	16	14	18	17	14	14	14	13	14	12	13
Hindu undivided families	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	415	452	430	447	477	467	468	454	479	469	472	443	461	427	426	438	439
Non-Resident Indian (NRI)	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	106	121	126	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Unclaimed or Suspense or Escrow Account	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
LLP	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	27	31	36	34	35	33	39	43	34

Punjab Chemicals & Crop Protection 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 Hemsil Trading and Manufacturing Pvt. Ltd., 32.76%.Promoter buying and selling

Holder
Hemsil Trading and Manufacturing Pvt. Ltd.Indian companies, trusts and others	32.76%	40,17,318
Shalil ShashiKumar ShroffIndividuals and Hindu undivided families	1.88%	2,30,581
Hemal Raju SheteIndividuals and Hindu undivided families	1.74%	2,12,812
Rupam Shalil ShroffIndividuals and Hindu undivided families	1.69%	2,07,293
Salil ShashiKumar Shroff HUFIndividuals and Hindu undivided families	0.63%	77,652
Malvika Shalil ShroffIndividuals and Hindu undivided families	0.29%	35,340
Ishika Shalil ShroffIndividuals and Hindu undivided families	0.25%	30,394

No promoter shares are reported as pledged.

Largest public holders of Punjab Chemicals & Crop Protection, 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
DEMURIC HOLDINGS PRIVATE LIMITEDCompanies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	19.56%
ARES DIVERSIFIEDForeign portfolio investors, category I	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	3.43%	4.89%
EXCEL INDUSTRIESLIMITEDCompanies	–	–	–	–	–	–	–	–	–	–	–	–	4.77%	4.77%	–	–	–	–	–	–	–	4.77%	–	–	–	–	–	–	–	–	–	–	–	4.77%	4.77%	4.77%	–	–	–	4.77%
ARIAL HOLDINGS 1Foreign portfolio investors, category I	2.53%	2.48%	–	2.48%	2.32%	2.32%	2.32%	2.32%	2.58%	2.58%	2.58%	2.60%	2.60%	2.60%	2.60%	2.60%	2.60%	2.60%	2.60%	2.60%	2.58%	2.58%	2.58%	2.58%	2.58%	2.58%	2.58%	2.58%	2.58%	2.58%	2.58%	2.58%	2.58%	2.58%	2.58%	2.58%	2.58%	2.58%	2.02%	1.41%
GOWAL CONSULTING SERVICES PRIVATE LIMITEDCompanies	–	–	–	24.47%	24.47%	24.47%	–	24.47%	24.47%	–	24.47%	–	24.47%	24.47%	24.47%	–	–	24.47%	24.47%	24.47%	24.47%	–	–	24.47%	24.47%	24.47%	24.47%	24.47%	24.47%	24.47%	24.47%	24.47%	24.47%	24.47%	24.47%	24.47%	24.47%	24.47%	21.04%	–
EXCEL INDUSTRIES LIMITEDCompanies	–	–	–	–	–	4.77%	4.77%	–	4.77%	4.77%	4.77%	4.77%	–	–	4.77%	4.77%	4.77%	4.77%	4.77%	4.77%	4.77%	–	4.77%	4.77%	4.77%	4.77%	4.77%	4.77%	4.77%	4.77%	4.77%	4.77%	4.77%	–	–	–	4.77%	4.77%	4.77%	–
GIRISH GULATI HUFOther non-institutions	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.00%	1.00%	1.00%	1.00%	1.00%	1.02%	1.02%	1.02%	1.02%	1.00%	1.00%	–	–	–	–	–	–	–	–	–	–
DHUNSERI VENTURES LIMITEDCompanies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.05%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
GOWAL CONSULTING PVT. LTD.Other non-institutions	24.47%	24.47%	24.47%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	24.47%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
GOWEL CONSULTING PVT. LTD.Other non-institutions	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	24.47%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
PUNJAB STATE INDUSTRIAL DEVELOPMENT CORPORATIONCentral Government Or State Government SOr President Of India	1.00%	1.00%	–	–	–	1.00%	1.00%	–	–	–	–	–	–	–	–	–	–	–	–	1.00%	1.00%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
GOSWAL CONSULTING SERVICES PRIVATE LTDOther non-institutions	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	24.47%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
PRATAPCHAND L SHAHResident individuals, over ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.17%	1.17%	1.17%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Gowal Consultancy Services Pvt. Ltd.Other non-institutions	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	24.47%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
C MACKERTICH PRIVATE LIMITEDOther non-institutions	–	–	–	–	–	–	–	–	–	–	–	–	1.05%	1.07%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
JAYESH PRATAP CHAND SHAHResident individuals, over ₹2 lakh at face value	–	–	1.33%	1.24%	1.17%	1.70%	1.42%	1.33%	1.37%	1.37%	1.41%	1.53%	1.56%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
GOWAL CONSUTENCY PVT. LIMITEDOther non-institutions	–	–	–	–	–	–	–	–	–	–	–	24.47%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Gowal Consultancy Pvt. Ltd.Other non-institutions	–	–	–	–	–	–	–	–	–	24.47%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Excel Industries LimetdOther non-institutions	–	–	–	–	–	–	–	4.77%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Punjab State Industrial Corporation of DevelopmentICentral Government Or State Government SOr President Of India	–	–	–	–	–	–	–	1.00%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Gowal Consulting Services Lvt. Lts.Other non-institutions	–	–	–	–	–	–	24.47%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Javeri Fiscal Services Lte. -collateral a/cOther non-institutions	–	–	–	–	–	1.23%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Punjab State Industrial CorporationCentral Government Or State Government SOr President Of India	–	–	–	1.00%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
AREIAL HOLDINGS 1Institutions Foreign Portfolio Investor	–	–	2.48%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Punjab State Indusrial Development Corporati0nCentral Government Or State Government SOr President Of India	–	–	1.00%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–

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.

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: ARES DIVERSIFIED 4.89%, +1.46 pts; ARIAL HOLDINGS 1 1.41%, −0.61 pts
Individuals and others: GOWAL CONSULTING SERVICES PRIVATE LIMITED no longer named, from 21.04%; DEMURIC HOLDINGS PRIVATE LIMITED newly named at 19.56%; EXCEL INDUSTRIES LIMITED no longer named, from 4.77%; 1 more moved