The Ravalgaon Sugar Farm shareholders and shareholding pattern

BSE: 507300Agricultural Food & other ProductsSmall Cap

The Ravalgaon Sugar Farm Limited · Face value ₹10 · Listed Jan 1940

₹815.00₹0.00 (0.00%)

Share price at the BSE close on 28 Oct 2026. Previous close ₹815.00.

28 Oct: open ₹815.00, high ₹815.00, low ₹815.00

52-week range of traded prices to 28 Oct 2026

₹770.00Low, 19 Oct 2026₹1,144.00High, 6 May 2026

Next results date: the board meets on 29 Oct 2026 to consider: quarterly results. Results calendar

Market cap: ₹28 Cr3,785th largest listed
P/E: Lossover the last 12 months
P/B: 2.72
Dividend yield: Nonein the last 12 months
ROE: −39.5%
ROCE: −23.6%
Debt to equity: 0.25
Volume, BSE: 69

The Ravalgaon Sugar Farm's shareholding pattern for Sep 2026, filed on 17 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 The Ravalgaon Sugar Farm, filing by filing

Per cent of the company's shares.

Sep 2026 filing

Promoters53.30%
Indian institutions0.06%
Individuals and others46.64%

Shareholding pattern, per cent, from Sep 2022

Promoters
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
	53.30%	53.30%	53.30%	53.30%	53.30%	53.30%	53.30%	53.30%	53.30%	53.30%	53.30%	53.30%	53.30%	53.30%	53.30%	53.30%	53.30%	53.30%	53.30%	53.30%	53.30%	53.30%	53.30%	53.30%	53.30%	53.30%	53.30%	53.30%	53.30%	53.30%	53.30%	53.30%	53.30%	53.30%	53.30%	53.30%	53.30%	53.30%	53.30%	53.30%
Indian promoters	53.30%	53.30%	53.30%	53.30%	53.30%	53.30%	53.30%	53.30%	53.30%	53.30%	53.30%	53.30%	53.30%	53.30%	53.30%	53.30%	53.30%	53.30%	53.30%	53.30%	53.30%	53.30%	53.30%	53.30%	53.30%	53.30%	53.30%	53.30%	53.30%	53.30%	53.30%	53.30%	53.30%	53.30%	53.30%	53.30%	53.30%	53.30%	53.30%	53.30%
	46.70%	46.70%	46.70%	46.70%	46.70%	46.70%	46.70%	46.70%	46.70%	46.70%	46.70%	46.70%	46.70%	46.70%	46.70%	46.70%	46.70%	46.70%	46.70%	46.70%	46.70%	46.70%	46.70%	46.70%	46.70%	46.70%	46.70%	46.70%	46.70%	46.70%	46.70%	46.70%	46.70%	46.70%	46.70%	46.70%	46.70%	46.70%	46.70%	46.70%
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.06%	0.06%	0.06%	0.06%	0.06%	0.06%	0.06%	0.06%	0.06%	0.06%	0.06%	0.06%	0.06%	0.06%	0.06%	0.06%	0.06%
Banks	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.05%	0.05%	0.05%	0.05%	0.05%	0.05%	0.05%	0.05%	0.05%	0.05%	0.05%	0.05%	0.05%	0.05%	0.05%	0.05%	0.05%
Non-bank lenders registered with RBI	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	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%	0.01%
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	46.64%	46.64%	46.64%	46.64%	46.64%	46.64%	46.64%	46.64%	46.64%	46.64%	46.64%	46.64%	46.64%	46.64%	46.64%	46.64%	46.64%
Resident individuals, up to ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	42.03%	42.14%	42.20%	42.08%	37.38%	37.14%	37.45%	37.64%	37.70%	37.72%	37.12%	36.79%	36.77%	36.79%	36.77%	36.76%	36.78%
Companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.25%	–	1.00%	1.11%	1.48%	1.83%	1.31%	1.09%	0.99%	0.85%	1.45%	1.77%	1.77%	1.76%	1.81%	1.81%	1.81%
Non-resident Indians	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.21%	0.23%	0.24%	0.24%	0.24%	0.25%	0.29%	0.32%	0.33%	0.33%	0.31%	0.30%	0.31%	0.32%	0.34%	0.38%	0.39%
Investor education fund	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.17%	1.17%	1.17%	1.17%	1.17%	1.17%	1.17%	1.17%	1.17%	1.17%	1.17%	1.17%	1.17%	1.17%	1.17%	1.17%	1.17%
Trusts linked to the promoter group	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	4.24%	4.24%	4.24%	4.24%	4.24%	4.24%
Trusts linked to the promoter group	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	4.24%	4.24%	4.24%	4.24%	4.24%	4.24%	4.24%	–	–	–	–	–	–
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.98%	3.10%	2.03%	2.04%	2.14%	2.01%	2.19%	2.18%	2.20%	2.34%	2.35%	2.38%	2.39%	2.36%	2.32%	2.28%	2.25%
Bodies Corporate	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.27%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Clearing Members	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.24%	0.20%	0.28%	0.26%	0.26%	0.26%	0.26%	0.26%	0.26%	0.26%	0.26%	0.26%	0.26%	0.26%	0.26%	0.26%	0.23%
Hindu undivided families	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.73%	1.63%	1.75%	1.77%	1.86%	1.74%	1.92%	1.90%	1.91%	1.93%	1.95%	1.97%	1.98%	1.95%	1.91%	1.90%	1.89%
LLP	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.01%	0.02%	0.03%	0.03%	0.03%	0.03%	0.04%	0.04%	0.01%	0.01%
Trusts	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	Under 0.01%	Under 0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.11%	0.11%	0.11%	0.11%	0.11%	0.11%	0.11%	0.11%
Shares in issue	68,000	68,000	68,000	68,000	68,000	68,000	68,000	68,000	68,000	68,000	68,000	68,000	68,000	68,000	68,000	68,000	68,000	68,000	68,000	68,000	68,000	68,000	68,000	68,000	68,000	68,000	68,000	68,000	3,40,000	3,40,000	3,40,000	3,40,000	3,40,000	3,40,000	3,40,000	3,40,000	3,40,000	3,40,000	3,40,000	3,40,000

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 The Ravalgaon Sugar Farm 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	3,962	3,911	3,896	3,880	3,863	3,847	3,759	3,722	3,699	3,668	3,671	3,674	3,650	3,641	3,631	3,511	3,490	3,416	3,333	3,319	3,270	3,238	3,194	3,132	3,016	3,045	3,032	3,086	3,054	3,127	3,101	3,263	3,290	3,283	3,290	3,298	3,258	3,211	3,167	3,146
	5	5	5	5	5	5	5	5	5	5	5	5	5	5	5	5	5	5	5	5	5	5	5	5	5	5	5	5	5	5	5	5	5	5	5	5	5	5	5	5
Indian promoters	5	5	5	5	5	5	5	5	5	5	5	5	5	5	5	5	5	5	5	5	5	5	5	5	5	5	5	5	5	5	5	5	5	5	5	5	5	5	5	5
	3,957	3,906	3,891	3,875	3,858	3,842	3,754	3,717	3,694	3,663	3,666	3,669	3,645	3,636	3,626	3,506	3,485	3,411	3,328	3,314	3,265	3,233	3,189	3,127	3,011	3,040	3,027	3,081	3,049	3,122	3,096	3,258	3,285	3,278	3,285	3,293	3,253	3,206	3,162	3,141
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	7	7	7	7	7	7	7	7	7	7	7	7	7	7	7	7	7
Banks	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	6	6	6	6	6	6	6	6	6	6	6	6	6	6	6	6	6
Non-bank lenders registered with RBI	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	3,120	3,004	3,033	3,020	3,074	3,042	3,115	3,089	3,251	3,278	3,271	3,278	3,286	3,246	3,199	3,155	3,134
Resident individuals, up to ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	2,935	2,828	2,859	2,846	2,897	2,866	2,926	2,902	3,066	3,092	3,085	3,092	3,094	3,060	3,015	2,968	2,946
Companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	36	–	34	35	35	34	33	31	31	30	30	30	30	29	29	29	30
Non-resident Indians	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	20	22	23	24	25	26	30	30	31	30	30	29	31	32	32	34	35
Investor education fund	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
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	–	–	–	–	–	–
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	128	153	116	114	115	114	124	124	121	124	124	125	129	123	121	122	121
Bodies Corporate	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	36	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Clearing Members	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	8	6	8	6	6	6	5	5	5	5	4	4	4	4	4	4	5
Hindu undivided families	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	119	110	107	106	107	106	117	116	113	115	116	117	121	115	113	114	112
LLP	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	1	1	1	1	1	1	1	1	1
Trusts	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	1	1	2	2	2	2	2	2	3	3	3	3	3	3	3	3

The Ravalgaon Sugar Farm 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 Lanica Financial Services Pvt Ltd, 41.71%. The filing names 6 more members with no shares.

Holder
Lanica Financial Services Pvt LtdIndian companies, trusts and others	41.71%	1,41,830
Carina Finvest Private LimitedIndian companies, trusts and others	7.38%	25,100
Harshavardhan B DoshiIndividuals and Hindu undivided families	3.04%	10,350
LALAN AJAY KAPADIAIndividuals and Hindu undivided families	0.74%	2,500
Nihal DoshiIndividuals and Hindu undivided families	0.43%	1,455

No promoter shares are reported as pledged.

Largest public holders of The Ravalgaon Sugar Farm, 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
KWA TrustTrusts linked to the promoter group	–	–	–	–	–	–	–	–	–	–	–	4.24%	4.24%	4.24%	4.24%	4.24%	4.24%	4.24%	4.24%	4.24%
INVESTOR EDUCATION AND PROTECTION FUND AUTHORITY MINISTRY OF CORPORATE AFFAIRSInvestor education fund	–	–	–	–	–	1.17%	1.17%	1.17%	1.17%	1.17%	1.17%	1.17%	1.17%	1.17%	1.17%	1.17%	1.17%	1.17%	1.17%	1.17%
DILIP VADILAL VASAResident individuals, up to ₹2 lakh at face value	–	–	–	1.14%	1.03%	1.13%	1.13%	1.11%	1.11%	1.11%	1.18%	–	–	–	–	–	–	1.15%	1.15%	1.16%
SHYAM AGRAWALResident individuals, up to ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.08%	1.09%
RIDDHI SIDDHI COTEX PRIVATE LIMITEDCompanies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.03%	1.03%	1.03%
PRAGNA DILIP VASAResident individuals, up to ₹2 lakh at face value	1.12%	1.21%	–	1.40%	1.27%	1.35%	1.39%	1.37%	1.37%	1.37%	1.33%	1.09%	1.09%	–	–	–	–	–	–	–
VINOD MOHANLAL BAHETYResident individuals, up to ₹2 lakh at face value	–	–	–	–	1.47%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–

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.

Individuals and others: DILIP VADILAL VASA 1.16%, +0.01 pts; SHYAM AGRAWAL 1.09%, +0.01 pts