Shardul Securities shareholders and shareholding pattern

NSE: SHARDULBSE: 512393Capital MarketsSmall Cap

Shardul Securities Limited · Face value ₹2 · Listed Apr 1986

₹49.38₹1.01 (2.00%)BSE ₹49.50

Share price at the NSE close on 30 Oct 2026. Previous close ₹50.39.

30 Oct: open ₹50.39, high ₹51.50, low ₹48.25

52-week range of BSE trades to 30 Oct 2026

₹20.14Low, 23 Mar 2026₹59.55High, 22 Jul 2026

Delivery only: shares bought must be paid for in full, with no selling on the same day.

Market cap: ₹337 Cr2,233rd largest listed
P/E: 11.69
P/B: Shares changed
Dividend yield: Nonein the last 12 months
ROE: 3.8%
ROCE: 4.9%
Debt to equity: 0.59
Volume, NSE: 455

Shardul Securities' shareholding pattern for Sep 2026, filed on 21 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 Shardul Securities, filing by filing

Per cent of the company's shares.

Sep 2026 filing

Promoters74.85%
Foreign institutions0.30%
Individuals and others24.85%

Shareholding pattern, per cent, from Sep 2022

Promoters
Foreign 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
	74.84%	74.84%	74.84%	74.84%	74.84%	74.84%	74.84%	74.84%	74.84%	74.84%	74.84%	74.84%	74.84%	74.84%	74.84%	74.84%	74.84%	74.84%	74.84%	74.84%	74.84%	74.84%	74.84%	74.84%	74.84%	74.84%	74.84%	74.84%	74.84%	74.84%	74.84%	74.84%	74.84%	74.84%	74.85%	74.85%	74.85%	74.85%	74.85%	74.85%
Indian promoters	74.84%	74.84%	74.84%	74.84%	74.84%	74.84%	74.84%	74.84%	74.84%	74.84%	74.84%	74.84%	74.84%	74.84%	74.84%	74.84%	74.84%	74.84%	74.84%	74.84%	74.84%	74.84%	74.84%	74.84%	74.84%	74.84%	74.84%	74.84%	74.84%	74.84%	74.84%	74.84%	74.84%	74.84%	74.85%	74.85%	74.85%	74.85%	74.85%	74.85%
	25.16%	25.16%	25.16%	25.16%	25.16%	25.16%	25.16%	25.16%	25.16%	25.16%	25.16%	25.16%	25.16%	25.16%	25.16%	25.16%	25.16%	25.16%	25.16%	25.16%	25.16%	25.16%	25.16%	25.16%	25.16%	25.16%	25.16%	25.16%	25.16%	25.16%	25.16%	25.16%	25.16%	25.16%	25.15%	25.15%	25.15%	25.15%	25.15%	25.15%
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.24%	0.30%	0.30%	0.30%	0.30%
Foreign portfolio investors, category I	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.24%	0.30%	0.30%	0.30%	0.30%
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	25.16%	25.16%	25.16%	25.16%	25.16%	25.16%	25.16%	25.16%	25.16%	25.16%	25.16%	25.15%	24.90%	24.85%	24.85%	24.85%	24.85%
Resident individuals, up to ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	7.33%	7.04%	6.96%	6.74%	6.71%	6.72%	6.69%	6.14%	6.11%	5.93%	5.95%	5.96%	5.81%	5.80%	5.59%	5.63%	5.79%
Resident individuals, over ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	4.67%	4.77%	4.86%	4.72%	4.74%	4.76%	4.76%	5.39%	5.13%	5.30%	4.60%	4.59%	4.51%	4.50%	4.63%	4.63%	3.28%
Companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	10.70%	10.70%	10.72%	10.72%	10.73%	10.72%	10.70%	10.62%	10.88%	10.90%	10.91%	10.93%	10.90%	10.87%	10.72%	10.72%	11.90%
Non-resident Indians	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	0.01%	0.01%	0.01%	Under 0.01%	0.01%	0.05%	0.06%	0.10%	0.10%	0.12%	0.10%	0.10%	0.09%	0.08%	0.05%	0.02%
Investor education fund	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	2.16%	2.35%	2.35%	2.71%	2.71%	2.71%	2.70%	2.70%	2.70%	2.70%	3.35%	3.35%	3.35%	3.35%	3.60%	3.59%	3.59%
Directors and their relatives	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	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%
Key managers	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	Under 0.01%	Under 0.01%	Under 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%
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.30%	0.29%	0.26%	0.26%	0.26%	0.25%	0.26%	0.24%	0.23%	0.22%	0.22%	0.21%	0.23%	0.24%	0.23%	0.22%	0.27%
Hindu undivided families	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.24%	0.24%	0.24%	0.24%	0.24%	0.23%	0.26%	–	0.22%	0.21%	0.21%	0.19%	0.20%	0.20%	0.20%	0.20%	0.25%
Clearing Members	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	–	–	–	–	–	–	–	–	–	–	–	0.02%	0.02%	0.02%	0.02%	0.02%
LLP	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.05%	0.05%	0.03%	0.03%	0.03%	0.03%	–	–	Under 0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	Under 0.01%	Under 0.01%
Unclaimed or Suspense or Escrow Account	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	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%
Trusts	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	Under 0.01%	–	–	–	–	–	–	–
Shares in issue	1,74,98,433	1,74,98,433	1,74,98,433	1,74,98,433	1,74,98,433	1,74,98,433	1,74,98,433	1,74,98,433	1,74,98,433	1,74,98,433	1,74,98,433	1,74,98,433	1,74,98,433	1,74,98,433	1,74,98,433	1,74,98,433	1,74,98,433	1,74,98,433	1,74,98,433	1,74,98,433	1,74,98,433	1,74,98,433	1,74,98,433	1,74,98,433	1,74,98,433	1,74,98,433	1,74,98,433	1,74,98,433	1,74,98,433	1,74,98,433	1,74,98,433	1,74,98,433	1,74,98,433	8,74,92,165	8,74,92,165	8,74,92,165	8,74,92,165	8,74,92,165	8,74,92,165	8,74,92,165
Shares locked in	–	–	–	–	–	–	–	–	–	–	–	–	–	100	100	–	300	300	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–

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 Shardul Securities 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	11,167	11,106	11,060	10,976	8,754	8,679	8,645	8,598	8,216	8,155	8,141	8,122	7,663	7,650	7,626	7,592	7,494	7,074	7,000	6,963	6,753	6,729	6,648	6,631	6,258	6,197	5,879	5,887	5,901	6,274	6,120	6,507	6,589	7,793	7,671	7,405	7,245	6,813	6,805	6,914
	17	16	16	16	16	16	16	16	16	16	16	16	16	16	16	16	16	16	16	16	16	16	16	16	16	16	16	16	16	16	16	15	15	15	15	15	15	15	15	10
Indian promoters	17	16	16	16	16	16	16	16	16	16	16	16	16	16	16	16	16	16	16	16	16	16	16	16	16	16	16	16	16	16	16	15	15	15	15	15	15	15	15	10
	11,150	11,090	11,044	10,960	8,738	8,663	8,629	8,582	8,200	8,139	8,125	8,106	7,647	7,634	7,610	7,576	7,478	7,058	6,984	6,947	6,737	6,713	6,632	6,615	6,242	6,181	5,863	5,871	5,885	6,258	6,104	6,492	6,574	7,778	7,656	7,390	7,230	6,798	6,790	6,904
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	1	1	1	1
Foreign portfolio investors, category I	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	1	1	1	1
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	6,615	6,242	6,181	5,863	5,871	5,885	6,258	6,104	6,492	6,574	7,778	7,656	7,389	7,229	6,797	6,789	6,903
Resident individuals, up to ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	6,461	6,096	6,039	5,722	5,730	5,744	6,105	5,948	6,316	6,393	7,591	7,479	7,216	7,056	6,634	6,620	6,710
Resident individuals, over ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	11	11	11	10	10	10	10	11	10	9	8	8	8	8	8	8	6
Companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	39	37	36	37	37	36	37	34	42	43	43	43	40	39	35	37	43
Non-resident Indians	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	9	10	10	10	9	11	18	22	35	39	46	40	36	37	33	33	28
Investor education fund	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
Directors and their relatives	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
Key managers	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	1	1	1	2	2	2	2	2	2	2	2	2	2	2	2	2
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	92	85	82	81	81	80	84	85	85	86	86	82	85	85	83	87	112
Hindu undivided families	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	88	83	81	80	80	79	83	–	80	81	82	77	76	77	75	79	103
Clearing Members	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	2	–	–	–	–	–	–	–	–	–	–	–	4	3	3	3	4
LLP	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	2	2	1	1	1	1	–	–	3	3	3	4	4	4	4	4	4
Unclaimed or Suspense or Escrow Account	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	–	1	1	1	1	1	1	1	1	1
Trusts	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	1	–	–	–	–	–	–	–

Shardul Securities 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 SHRIYAM COMMODITIES INTERMEDIARY LLP, 26.27%. The filing names 5 more members with no shares.Promoter buying and selling

Holder
SHRIYAM COMMODITIES INTERMEDIARY LLPIndian companies, trusts and others	26.27%	2,29,80,010
RAJESH D CHATURVEDIIndividuals and Hindu undivided families	14.89%	1,30,27,930
A TO Z BROKING SERVICES LLPIndian companies, trusts and others	12.11%	1,05,92,000
DEVESH D CHATURVEDIIndividuals and Hindu undivided families	10.87%	95,12,095
BRIJESH D CHATURVEDIIndividuals and Hindu undivided families	6.38%	55,83,415
RAGHAV R CHATURVEDIIndividuals and Hindu undivided families	1.42%	12,39,585
BABITA D CHATURVEDIIndividuals and Hindu undivided families	0.98%	8,57,927
VARSHA R CHATURVEDIIndividuals and Hindu undivided families	0.78%	6,80,000
RAMYA RAJESH CHATURVEDIIndividuals and Hindu undivided families	0.73%	6,37,500
RAJESH DINANATHIndividuals and Hindu undivided families	0.43%	3,78,500

No promoter shares are reported as pledged.

Largest public holders of Shardul Securities, 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
ANGULAR TRADING PVT LTDCompanies	3.90%	3.90%	5.61%	5.61%	5.61%	5.61%	5.61%	5.61%	–	5.61%	5.61%	5.61%	5.61%	5.61%	5.61%	5.61%	5.61%	5.61%	5.61%	5.61%	5.61%	5.61%	5.61%	5.61%	5.61%	5.61%	5.61%	5.61%	5.61%	5.61%	5.61%	5.61%	5.61%	5.61%	5.61%	5.61%	5.61%	5.61%	5.61%	5.61%
INVESTOR EDUCATION AND PROTECTION FUND AUTHORITY MINISTRY OF CORPORATE AFFAIRSInvestor education fund	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	3.35%	3.35%	3.60%	3.59%	3.59%
BHASKAR ARVIND HINGADResident individuals, over ₹2 lakh at face value	–	–	–	–	1.45%	1.52%	1.62%	1.79%	–	–	–	2.08%	2.08%	2.08%	2.08%	2.08%	2.08%	2.08%	2.08%	2.08%	2.08%	2.08%	2.08%	2.08%	2.08%	2.08%	2.08%	2.08%	2.08%	2.08%	2.11%	2.11%	2.11%	2.11%	2.11%	2.11%	2.11%	2.24%	2.24%	2.24%
RECKON TRADING PRIVATE LIMITEDCompanies	3.46%	3.46%	1.04%	1.04%	1.06%	1.06%	1.06%	1.06%	–	1.06%	1.06%	1.06%	1.06%	1.06%	1.06%	1.06%	1.06%	1.06%	1.06%	1.06%	1.06%	1.06%	1.06%	1.06%	1.06%	1.06%	1.06%	1.06%	1.06%	1.06%	1.06%	1.06%	1.06%	1.06%	1.06%	1.06%	1.06%	1.06%	1.06%	2.23%
GLENMORD COMMERCIAL SERVICES PVT LTDCompanies	1.14%	1.14%	1.14%	1.14%	1.14%	1.14%	1.14%	1.14%	–	1.14%	1.14%	1.14%	1.14%	1.14%	1.14%	1.14%	1.14%	1.14%	1.14%	1.14%	1.14%	1.14%	1.14%	1.14%	1.14%	1.14%	1.14%	1.14%	1.14%	1.14%	1.14%	1.14%	1.14%	1.14%	1.14%	1.14%	1.14%	1.14%	1.14%	1.14%
DHANASTRA FINANCE AND INVESTMENT COMPANY PVT LTDCompanies	1.06%	–	1.06%	1.06%	1.06%	1.06%	1.06%	1.06%	–	1.06%	1.06%	1.06%	1.06%	1.06%	1.06%	1.06%	1.06%	1.06%	1.06%	1.06%	1.06%	1.06%	1.06%	1.06%	1.06%	1.06%	1.06%	1.06%	1.06%	1.06%	1.06%	1.06%	1.06%	1.06%	1.06%	1.06%	1.06%	1.06%	1.06%	1.06%
FOUR BRIDGES CAPITAL ADVISORS PVT LTDCompanies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.01%	–	–	–	1.02%	–	–	–	–	–	1.06%	1.06%	–	1.02%	1.02%	1.01%	1.02%	1.00%	1.00%	1.00%	1.00%	1.00%
Dhanastra Investment and Finance Company Private LimitedOther non-institutions	–	1.06%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–

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: RECKON TRADING PRIVATE LIMITED 2.23%, +1.17 pts