Shalby shareholders and shareholding pattern

NSE: SHALBYBSE: 540797Healthcare ServicesSmall Cap

Shalby Limited · Face value ₹10 · Listed Dec 2017 · Issue price ₹248

₹122.71₹4.03 (3.40%)BSE ₹123.10

Share price at the NSE close on 28 Oct 2026. Previous close ₹118.68.

28 Oct: open ₹118.68, high ₹124.80, low ₹117.01

52-week range of traded prices to 28 Oct 2026

₹110.61Low, 23 Oct 2026₹252.05High, 4 Nov 2025

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

Market cap: ₹1,325 Cr1,220th largest listed
P/E: 33.71
P/B: 1.32
Dividend yield: Nonein the last 12 months
ROE: 3.9%
ROCE: 4.6%
Debt to equity: 0.54
Volume, NSE: 60,90454.8% delivered

Shalby's shareholding pattern for Sep 2026, filed on 16 Oct 2026, with every filing from Dec 2017: who owns its shares by group, its promoters by name and its public holders of 1% or more.

Who owns Shalby, filing by filing

Per cent of the company's shares.

Sep 2026 filing

Promoters74.33%
Foreign institutions4.65%
Indian institutions0.31%
Individuals and others20.08%
Employee trusts0.62%

Shareholding pattern, per cent, from Sep 2022

Promoters
Foreign institutions
Indian institutions
Individuals and others
Employee trusts

Per cent	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
	79.41%	79.41%	79.41%	79.41%	79.41%	79.41%	79.43%	79.43%	79.43%	79.44%	79.44%	79.45%	79.45%	79.45%	74.07%	74.02%	74.02%	74.02%	74.04%	74.04%	74.12%	74.12%	74.12%	74.12%	74.12%	74.24%	74.25%	74.25%	74.27%	74.27%	74.27%	74.33%	74.33%	74.33%	74.33%	74.33%
Indian promoters	79.41%	79.41%	79.41%	79.41%	79.41%	79.41%	79.43%	79.43%	79.43%	79.44%	79.44%	79.45%	79.45%	79.45%	74.07%	74.02%	74.02%	74.02%	74.04%	74.04%	74.12%	74.12%	74.12%	74.12%	74.12%	74.24%	74.25%	74.25%	74.27%	74.27%	74.27%	74.33%	74.33%	74.33%	74.33%	74.33%
	19.65%	19.64%	19.64%	19.64%	19.64%	19.65%	19.64%	19.64%	19.64%	19.63%	19.63%	19.62%	19.62%	19.62%	25.00%	25.05%	25.05%	25.05%	25.04%	25.04%	25.01%	25.01%	25.01%	25.01%	25.05%	25.01%	25.05%	25.06%	25.04%	25.04%	25.04%	25.01%	25.01%	25.02%	25.02%	25.05%
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	3.78%	3.97%	3.91%	4.00%	4.11%	4.62%	4.88%	5.35%	5.37%	4.65%	4.54%	5.20%	4.64%	4.47%	4.36%	4.46%	4.65%
Foreign portfolio investors, category I	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	3.78%	3.00%	2.95%	3.03%	3.14%	3.52%	3.74%	4.17%	4.84%	4.09%	4.12%	4.96%	4.29%	4.04%	4.08%	4.20%	4.37%
Foreign portfolio investors, category II	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.00%	0.97%	0.97%	0.97%	0.97%	1.10%	1.14%	1.18%	0.53%	0.56%	0.42%	0.25%	0.34%	0.43%	0.28%	0.27%	0.28%
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.28%	0.06%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	0.06%	0.09%	0.14%	0.18%	0.20%	0.20%	0.20%	0.25%	0.30%	0.31%
Mutual funds	1.32%	0.39%	0.13%	0.28%	0.30%	0.30%	0.15%	–	–	–	–	–	–	–	–	0.00%	0.00%	0.00%	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%	0.01%	0.02%
Alternative investment funds	–	–	–	0.91%	0.91%	0.91%	0.91%	0.89%	0.77%	0.58%	0.64%	0.34%	–	–	–	0.00%	0.00%	0.00%	0.00%	0.28%	0.06%	0.00%	0.00%	0.00%	0.00%	0.00%	0.06%	0.09%	0.14%	0.18%	0.19%	0.19%	0.19%	0.25%	0.29%	0.29%
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	20.97%	20.98%	21.09%	21.01%	20.90%	20.43%	20.13%	19.65%	19.60%	20.25%	20.33%	19.64%	20.18%	20.35%	20.41%	20.26%	20.08%
Resident individuals, up to ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	8.11%	7.87%	8.09%	8.17%	7.92%	7.82%	7.72%	7.43%	7.61%	8.20%	8.08%	8.94%	9.32%	9.41%	9.40%	9.35%	9.66%
Resident individuals, over ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	3.84%	3.18%	3.03%	3.11%	3.43%	2.84%	2.68%	2.54%	2.47%	2.58%	2.59%	2.26%	2.42%	2.32%	2.13%	2.77%	2.39%
Companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	7.27%	7.50%	7.76%	7.65%	7.56%	7.75%	7.77%	7.84%	7.68%	7.27%	7.02%	6.35%	6.46%	6.43%	6.49%	6.34%	6.18%
Non-resident Indians	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.56%	0.56%	0.64%	0.65%	0.66%	0.80%	0.78%	0.71%	0.68%	1.03%	1.46%	0.87%	0.74%	0.99%	1.04%	0.99%	1.06%
Foreign nationals	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	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%	Under 0.01%
Directors and their relatives	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.00%	0.65%	0.65%	0.00%	0.00%	0.04%	0.00%	0.00%	0.00%	0.00%	0.00%	–	–	–	–	–	–
Key managers	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	Under 0.01%	0.00%	0.00%	0.00%	–	–	–	–	–	–
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.19%	1.21%	0.92%	1.42%	1.33%	1.17%	1.18%	1.13%	1.15%	1.18%	1.18%	1.23%	1.24%	1.21%	1.35%	0.81%	0.79%
Clearing Members	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.02%	0.06%	0.03%	Under 0.01%	Under 0.01%	–	0.03%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	–	–	–	–
Director or Director's Relatives	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.65%	0.65%	0.65%	0.65%	0.65%	0.65%	0.65%	0.65%	0.65%	0.56%	–	–	–	–
Hindu undivided families	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.17%	1.15%	0.89%	0.77%	0.68%	0.52%	0.50%	0.48%	0.50%	0.52%	0.53%	0.58%	0.68%	0.65%	0.80%	0.81%	0.78%
Others	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	Under 0.01%	–	–	–	–	–	–	–	–	–	–	–
Trusts	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	–	–	–
Independent Director or his relatives	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.56%	0.56%	Under 0.01%	Under 0.01%
Employee trusts	0.94%	0.94%	0.94%	0.94%	0.94%	0.94%	0.93%	0.93%	0.93%	0.93%	0.93%	0.93%	0.93%	0.93%	0.93%	0.93%	0.93%	0.93%	0.93%	0.93%	0.87%	0.87%	0.87%	0.87%	0.83%	0.76%	0.70%	0.69%	0.69%	0.69%	0.69%	0.66%	0.66%	0.66%	0.65%	0.62%
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%	0.07%	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	10,80,09,770	10,80,09,770	10,80,09,770	10,80,09,770	10,80,09,770	10,80,09,770	10,80,09,770	10,80,09,770	10,80,09,770	10,80,09,770	10,80,09,770	10,80,09,770	10,80,09,770	10,80,09,770	10,80,09,770	10,80,09,770	10,80,09,770	10,80,09,770	10,80,09,770	10,80,09,770	10,80,09,770	10,80,09,770	10,80,09,770	10,80,09,770	10,80,09,770	10,80,09,770	10,80,09,770	10,80,09,770	10,80,09,770	10,80,09,770	10,80,09,770	10,80,09,770	10,80,09,770	10,80,09,770	10,80,09,770	10,80,09,770
Shares locked in	9,37,25,082	8,76,54,932	8,76,54,932	8,76,54,932	2,16,01,954	2,16,01,954	2,16,01,954	2,16,01,954	2,16,01,954	2,16,01,954	2,16,01,954	2,16,01,954	–	–	–	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	–	–	–	–	–	–
Promoters' shares locked in	8,57,60,348	8,57,60,348	8,57,60,348	8,57,60,348	2,16,01,954	2,16,01,954	2,16,01,954	2,16,01,954	2,16,01,954	2,16,01,954	2,16,01,954	2,16,01,954	–	–	–	0	0	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. 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 Shalby shareholders

Shareholders on the company's register in each filing.

Shareholders, filing by filing

Shareholders	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	1,00,742	63,462	62,156	61,168	59,479	57,719	55,747	53,891	53,873	54,353	57,492	55,042	55,052	55,974	52,524	53,854	55,562	55,233	54,666	54,537	52,775	52,181	52,580	50,225	49,495	49,858	49,315	51,479	52,328	52,895	53,437	53,784	52,495	51,415	50,770	50,572
	7	7	7	7	7	7	7	7	7	7	7	7	7	7	7	6	6	6	6	6	6	6	6	6	6	6	6	6	6	6	6	6	6	6	6	6
Indian promoters	7	7	7	7	7	7	7	7	7	7	7	7	7	7	7	6	6	6	6	6	6	6	6	6	6	6	6	6	6	6	6	6	6	6	6	6
	1,00,734	63,454	62,148	61,160	59,471	57,711	55,739	53,883	53,865	54,345	57,484	55,034	55,044	55,966	52,516	53,847	55,555	55,226	54,658	54,529	52,767	52,173	52,572	50,217	49,487	49,850	49,307	51,471	52,320	52,887	53,429	53,776	52,487	51,407	50,762	50,564
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	16	23	22	26	31	37	46	50	51	43	37	38	39	35	19	22	22
Foreign portfolio investors, category I	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	16	21	20	24	29	34	42	45	47	38	34	35	35	31	17	20	20
Foreign portfolio investors, category II	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0	2	2	2	2	3	4	5	4	5	3	3	4	4	2	2	2
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	2	2	1	1	1	1	1	2	3	3	4	4	4	4	4	4	4
Mutual funds	7	2	1	1	1	1	1	–	–	–	–	–	–	–	–	0	0	0	0	1	1	1	1	1	1	1	1	2	2	2	2	2	2	3	3	3
Alternative investment funds	–	–	–	1	1	1	1	1	1	1	2	2	–	–	–	0	0	0	0	1	1	0	0	0	0	0	1	1	1	2	2	2	2	1	1	1
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	54,511	52,742	52,150	52,545	50,185	49,449	49,803	49,255	51,417	52,274	52,846	53,387	53,733	52,448	51,384	50,736	50,538
Resident individuals, up to ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	51,727	50,021	49,392	49,816	47,618	46,948	47,326	46,802	48,966	49,718	50,293	50,802	51,076	49,778	48,724	48,072	47,896
Resident individuals, over ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	49	50	45	46	59	52	51	45	42	45	49	48	46	46	47	50	46
Companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	173	174	178	180	210	226	206	181	198	224	199	200	230	236	233	236	230
Non-resident Indians	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	491	506	538	542	550	665	713	759	738	788	838	840	872	878	872	891	878
Foreign nationals	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
Directors and their relatives	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0	2	2	0	0	1	0	0	0	0	0	–	–	–	–	–	–
Key managers	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0	0	0	0	0	0	0	1	0	0	0	–	–	–	–	–	–
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	2,070	1,988	1,994	1,960	1,747	1,556	1,506	1,466	1,472	1,498	1,466	1,496	1,508	1,509	1,507	1,486	1,487
Clearing Members	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	39	20	19	5	3	–	3	1	1	2	2	1	2	–	–	–	–
Director or Director's Relatives	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	4	4	4	4	4	4	4	4	4	4	–	–	–	–
Hindu undivided families	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	2,031	1,968	1,975	1,951	1,739	1,551	1,499	1,461	1,467	1,491	1,459	1,490	1,501	1,504	1,503	1,483	1,484
Others	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	1	–	–	–	–	–	–	–	–	–	–	–
Trusts	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	1	1	1	1	–	–	–
Independent Director or his relatives	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	4	4	3	3
Employee trusts	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2

Shalby 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 SHAH FAMILY TRUST THROUH DR. VIKRAM SHAH, TRUSTEE, 34.79%. The filing names 11 more members with no shares.Promoter buying and selling

Holder
SHAH FAMILY TRUST THROUH DR. VIKRAM SHAH, TRUSTEEIndian companies, trusts and others	34.79%	3,75,77,132
ZODIAC MEDIQUIP LIMITEDIndian companies, trusts and others	29.21%	3,15,45,448
VIKRAM INDRAJIT SHAHIndividuals and Hindu undivided families	7.42%	80,10,493
DARSHINI VIKRAM SHAHIndividuals and Hindu undivided families	2.79%	30,12,525
SHANAY VIKRAM SHAHIndividuals and Hindu undivided families	0.13%	1,37,525
SHAH KAIRAV KIRITKUMARIndividuals and Hindu undivided families	0.00%	250

No promoter shares are reported as pledged.

Largest public holders of Shalby, filing by filing

Per cent, on the same shares as the split above.

Holder	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
FIRST WATER FUNDForeign portfolio investors, category I	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.77%	1.23%	1.28%	1.64%	1.73%	1.81%
POLUS GLOBAL FUNDForeign portfolio investors, category I	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.03%	1.03%	1.03%	1.03%	1.03%	–	1.03%	1.03%	1.03%	1.03%	1.03%	1.03%	1.03%	–	–	–	–	–	–	–	–	–
KIFS INTERNATIONAL LLPCompanies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.06%	–	–	–	–	–	–	–	–	–	–	–	–	–
POLUM GLOBAL FUNDForeign portfolio investors, category I	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.03%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
EDELWEISS CUSTODIAL SERVICES LTDOther non-institutions	–	–	–	–	–	–	–	–	–	1.09%	1.10%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
GOLDMAN SACHS INDIA LIMITEDInstitutions Foreign Portfolio Investor	3.13%	3.13%	3.13%	3.13%	3.13%	3.13%	3.13%	3.13%	3.01%	2.34%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
KOTAK FUNDS - INDIA MIDCAP FUNDInstitutions Foreign Portfolio Investor	1.51%	1.53%	1.18%	1.17%	1.16%	1.16%	1.15%	1.10%	1.04%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–

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: FIRST WATER FUND 1.81%, +0.08 pts