Saffron Industries shareholders and shareholding pattern

BSE: 531436Paper, Forest & Jute ProductsSmall Cap

Saffron Industries Limited · Face value ₹10 · Listed Feb 1996

₹21.66₹0.65 (2.91%)

Share price at the BSE close on 30 Oct 2026. Previous close ₹22.31.

30 Oct: open ₹22.00, high ₹25.99, low ₹21.00

52-week range of traded prices to 30 Oct 2026

₹21.00Low, 30 Oct 2026₹104.13High, 7 Nov 2025

Next results date: the board meets on 3 Nov 2026 to consider: quarterly results. Results calendar

Market cap: ₹16 Cr4,094th largest listed
P/E: Earlier quarters restated in the year
P/B: Net worth zero or below
Dividend yield: Nonein the last 12 months
ROE: Net worth zero or below
Debt to equity: Net worth zero or below
Volume, BSE: 8,546

Saffron Industries' shareholding pattern for Sep 2026, filed on 8 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 Saffron Industries, filing by filing

Per cent of the company's shares.

Sep 2026 filing

Promoters60.53%
Indian institutions0.11%
Individuals and others39.37%

Shareholding pattern, per cent, from Dec 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	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
	60.49%	60.49%	60.49%	68.63%	60.49%	60.49%	60.49%	60.49%	60.49%	60.49%	60.49%	60.49%	60.49%	60.49%	60.49%	60.49%	60.49%	60.49%	60.49%	60.49%	60.49%	60.49%	60.49%	60.49%	60.49%	60.49%	60.49%	60.49%	60.49%	60.49%	60.49%	60.49%	60.49%	60.49%	60.49%	60.49%	60.49%	60.49%	60.53%
Indian promoters	60.49%	60.49%	60.49%	68.63%	60.49%	60.49%	60.49%	60.49%	60.49%	60.49%	60.49%	60.49%	60.49%	60.49%	60.49%	60.49%	60.49%	60.49%	60.49%	60.49%	60.49%	60.49%	60.49%	60.49%	60.49%	60.49%	60.49%	60.49%	60.49%	60.49%	60.49%	60.49%	60.49%	60.49%	60.49%	60.49%	60.49%	60.49%	60.53%
	39.51%	39.51%	39.51%	31.37%	39.51%	39.51%	39.51%	39.51%	39.51%	39.51%	39.51%	39.51%	39.51%	39.51%	39.51%	39.51%	39.51%	39.51%	39.51%	39.51%	39.51%	39.51%	39.51%	39.51%	39.51%	39.51%	39.51%	39.51%	39.51%	39.51%	39.51%	39.51%	39.51%	39.51%	39.51%	39.51%	39.51%	39.51%	39.47%
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.11%	0.11%	0.11%	0.11%	0.11%	0.11%	0.11%	0.11%	0.11%	0.11%	0.11%	0.11%	0.11%	0.11%	0.11%	0.11%
Mutual funds	0.11%	0.11%	0.11%	0.12%	0.11%	0.11%	0.11%	0.11%	0.11%	0.11%	0.11%	0.11%	0.11%	0.11%	0.11%	0.11%	0.11%	0.11%	0.11%	0.11%	0.11%	0.11%	0.11%	0.11%	0.11%	0.11%	0.11%	0.11%	0.11%	0.11%	0.11%	0.11%	0.11%	0.11%	0.11%	0.11%	0.11%	0.11%	0.11%
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	39.40%	39.40%	39.40%	39.40%	39.40%	39.40%	39.40%	39.40%	39.40%	39.40%	39.40%	39.40%	39.40%	39.40%	39.40%	39.37%
Resident individuals, up to ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	23.87%	23.87%	23.87%	23.52%	24.33%	24.27%	24.62%	24.18%	24.18%	24.24%	24.07%	23.63%	25.12%	25.30%	24.86%	24.86%
Resident individuals, over ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	12.34%	12.34%	12.40%	12.82%	12.01%	12.05%	11.76%	12.20%	12.20%	12.20%	12.10%	12.41%	11.11%	11.03%	11.54%	11.54%
Companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.76%	1.76%	1.76%	1.76%	1.76%	1.76%	1.76%	1.76%	1.77%	1.77%	1.91%	1.92%	1.87%	1.99%	1.99%	1.99%
Non-resident Indians	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.23%	0.22%	0.22%	0.22%	0.22%	0.22%	0.22%	0.22%	0.22%	0.17%	–	0.14%	0.16%	0.16%	0.18%	0.18%
Foreign nationals	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.17%	–	–	–	–	0.00%
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.20%	1.20%	1.14%	1.07%	1.07%	1.09%	1.03%	1.03%	1.03%	1.03%	1.16%	1.30%	1.14%	0.92%	0.84%	0.80%
Hindu undivided families	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.20%	1.20%	1.14%	1.07%	1.07%	1.09%	1.03%	1.03%	1.03%	1.03%	–	1.30%	1.14%	0.92%	0.84%	0.80%
Shares in issue	71,85,200	71,85,200	71,85,200	63,33,228	71,85,200	71,85,200	71,85,200	71,85,200	71,85,200	71,85,200	71,85,200	71,85,200	71,85,200	71,85,200	71,85,200	71,85,200	71,85,200	71,85,200	71,85,200	71,85,200	71,85,200	71,85,200	71,85,200	71,85,200	71,85,200	71,85,200	71,85,200	71,85,200	71,85,200	71,85,200	71,85,200	71,85,200	71,85,200	71,85,200	71,85,200	71,85,200	71,85,200	71,85,200	71,85,200
Shares locked in	–	–	–	–	–	–	–	–	–	–	–	–	43,46,550	18,16,100	18,16,100	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Promoters' shares locked in	–	–	–	–	–	–	–	–	–	–	–	–	43,46,550	18,16,100	18,16,100	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–

Filings before Dec 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.

Number of Saffron Industries 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	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	1,867	1,873	1,874	1,445	1,857	1,846	1,836	1,834	1,832	1,827	1,827	1,829	1,844	1,840	1,841	1,843	1,833	1,859	1,847	1,833	1,912	1,904	1,935	1,948	1,956	1,955	1,961	2,066	2,142	2,318	2,410	2,430	2,535	2,493	2,685	3,552	3,519	3,373	3,315
	12	12	12	12	12	12	12	12	12	12	12	12	12	12	12	12	12	12	12	12	12	12	12	12	12	12	12	12	12	12	12	12	12	12	12	12	12	12	12
Indian promoters	12	12	12	12	12	12	12	12	12	12	12	12	12	12	12	12	12	12	12	12	12	12	12	12	12	12	12	12	12	12	12	12	12	12	12	12	12	12	12
	1,855	1,861	1,862	1,433	1,845	1,834	1,824	1,822	1,820	1,815	1,815	1,817	1,832	1,828	1,829	1,831	1,821	1,847	1,835	1,821	1,900	1,892	1,923	1,936	1,944	1,943	1,949	2,054	2,130	2,306	2,398	2,418	2,523	2,481	2,673	3,540	3,507	3,361	3,303
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
Mutual funds	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1,935	1,943	1,942	1,948	2,053	2,129	2,305	2,397	2,417	2,522	2,480	2,672	3,539	3,506	3,360	3,302
Resident individuals, up to ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1,840	1,849	1,848	1,855	1,963	2,039	2,217	2,308	2,327	2,435	2,389	2,579	3,440	3,410	3,267	3,213
Resident individuals, over ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	14	14	14	15	13	13	12	13	13	13	12	10	9	8	10	10
Companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	24	24	24	24	24	24	24	24	25	25	26	28	32	31	29	28
Non-resident Indians	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	9	8	8	8	8	8	8	8	8	6	–	7	10	10	10	8
Foreign nationals	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	6	–	–	–	–	0
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	48	48	48	46	45	45	44	44	44	43	47	48	48	47	44	43
Hindu undivided families	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	48	48	48	46	45	45	44	44	44	43	–	48	48	47	44	43

Saffron Industries 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 NIMISH VINOD MAHESHWARI, 18.34%.

Holder
NIMISH VINOD MAHESHWARIIndian companies, trusts and others	18.34%	13,17,817	7,44,117
VINOD RAMGOPAL MAHESHWARIIndian companies, trusts and others	14.90%	10,70,800	0
SHRIRANGA VINOD MAHESHWARIIndian companies, trusts and others	11.02%	7,91,695	7,89,195
MADHYADESH CONSTRUCTION AND FINANCE PVTIndian companies, trusts and others	6.35%	4,56,500	4,56,500
NAVA BHARAT PRESS NAGPUR PVT LTDIndian companies, trusts and others	5.17%	3,71,200	3,21,700
MADHYADESH HOLDINGS PVT LTDIndian companies, trusts and others	1.86%	1,33,700	1,33,700
NAVA BHARAT PRESS LTDIndian companies, trusts and others	1.40%	1,00,400	1,00,400
ANUPAMA NIMISH MAHESHWARIIndian companies, trusts and others	1.31%	94,060	94,060
VINEETA JAJUIndividuals and Hindu undivided families	0.12%	8,977	8,977
VAIBHAV N MAHESHWARIIndividuals and Hindu undivided families	0.03%	2,500	2,500
SHUBHA MAHESHWARIIndividuals and Hindu undivided families	0.01%	400	400
MADHYADESH PRESS PVT LTDIndian companies, trusts and others	0.01%	1,000	1,000

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 Saffron Industries, 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	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
RAJU BHANDARIResident individuals, over ₹2 lakh at face value	5.75%	5.60%	5.53%	3.58%	5.55%	5.55%	5.55%	5.71%	5.71%	5.85%	5.85%	5.85%	5.85%	5.92%	5.92%	5.92%	5.92%	5.92%	5.92%	5.92%	–	–	–	–	–	–	–	–	–	–	–	–	–	5.92%	5.92%	4.88%	5.14%	4.81%	4.81%
MAHENDRA GIRDHARILAL WADHWANIResident individuals, over ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.52%	2.81%	2.81%	2.81%	2.81%	2.81%

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.