Systematix Corporate Services shareholders and shareholding pattern

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Systematix Corporate Services Limited · Face value ₹1 · Listed Jul 1994 on BSE, Oct 2025 on NSE

₹74.65₹1.78 (2.33%)BSE ₹76.00

Share price at the NSE close on 28 Oct 2026. Previous close ₹76.43.

28 Oct: open ₹78.00, high ₹78.00, low ₹73.00

52-week range of traded prices to 28 Oct 2026

₹51.89Low, 30 Mar 2026₹177.90High, 24 Nov 2025

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

Market cap: ₹1,019 Cr1,460th largest listed
P/E: Lossover the last 12 months
P/B: 3.25
Dividend yield: 0.13%
ROE: −0.5%
ROE without one-offs: −0.3%
ROCE: 2.0%
Debt to equity: 0.06
Volume, NSE: 5,539

Systematix Corporate Services' 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 Systematix Corporate Services, filing by filing

Per cent of the company's shares.

Sep 2026 filing

Promoters70.58%
Foreign institutions4.20%
Indian institutions0.07%
Individuals and others25.16%

Shareholding pattern, per cent, from Sep 2022

Promoters
Foreign institutions
Indian institutions
Individuals and others

Per cent	Dec 2016	Mar 2017Filing	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
	45.89%	46.39%	46.39%	46.39%	46.39%	47.54%	73.54%	73.54%	73.54%	73.54%	73.79%	73.79%	73.79%	73.79%	73.79%	73.79%	73.83%	74.02%	74.02%	74.05%	74.05%	74.06%	74.10%	74.10%	74.10%	74.12%	74.15%	74.21%	74.23%	74.23%	74.23%	74.23%	70.57%	70.58%	70.58%	70.58%	70.58%	70.58%	70.58%	70.58%
Indian promoters	45.89%	–	46.39%	46.39%	46.39%	47.54%	73.54%	73.54%	73.54%	73.54%	73.79%	73.79%	73.79%	73.79%	73.79%	73.79%	73.83%	74.02%	74.02%	74.05%	74.05%	74.06%	74.10%	74.10%	74.10%	74.12%	74.15%	74.21%	74.23%	74.23%	74.23%	74.23%	70.57%	70.58%	70.58%	70.58%	70.58%	70.58%	70.58%	70.58%
	54.11%	53.61%	53.61%	53.61%	53.61%	52.46%	26.46%	26.46%	26.46%	26.46%	26.21%	26.21%	26.21%	26.21%	26.21%	26.21%	26.17%	25.98%	25.98%	25.95%	25.95%	25.94%	25.90%	25.90%	25.90%	25.88%	25.85%	25.79%	25.77%	25.77%	25.77%	25.77%	29.43%	29.42%	29.42%	29.42%	29.42%	29.42%	29.42%	29.42%
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.14%	0.16%	0.97%	3.58%	5.28%	5.39%	5.36%	5.03%	4.12%	3.95%	4.20%
Foreign portfolio investors, category I	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.14%	0.16%	0.97%	3.55%	5.27%	5.28%	5.20%	4.96%	3.92%	3.77%	3.89%
Foreign portfolio investors, category II	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.02%	0.01%	0.11%	0.16%	0.07%	0.20%	0.18%	0.31%
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.04%	–	–	–	–	0.07%	0.07%	0.07%
Mutual funds	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.04%	–	–	–	–	–	–	–
Alternative investment funds	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.07%	0.07%	0.07%
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	25.90%	25.90%	25.88%	25.85%	25.79%	25.77%	25.64%	25.61%	24.81%	25.82%	24.14%	24.04%	24.06%	24.40%	25.23%	25.40%	25.16%
Resident individuals, up to ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	5.55%	5.41%	5.40%	5.34%	5.28%	5.63%	5.71%	6.15%	6.02%	6.55%	6.54%	6.48%	6.49%	6.37%	6.54%	6.80%	6.61%
Resident individuals, over ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	13.63%	13.63%	13.61%	13.61%	14.87%	14.02%	13.64%	12.91%	12.43%	12.72%	11.56%	12.15%	12.10%	12.27%	12.67%	12.21%	12.20%
Companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	6.36%	6.36%	6.36%	6.37%	5.08%	4.28%	4.99%	4.93%	4.71%	4.96%	4.51%	4.03%	4.04%	4.33%	4.56%	4.74%	4.77%
Non-resident Indians	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.01%	0.01%	0.02%	0.02%	0.02%	0.95%	0.99%	1.33%	1.38%	1.29%	1.27%	1.11%	1.11%	1.08%	1.14%	1.13%	1.10%
Relatives of promoters	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.15%	0.15%	0.15%	0.15%	0.15%	0.15%	0.15%	0.14%	–	–	–	–	–	–	–	–
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.35%	0.34%	0.35%	0.36%	0.39%	0.75%	0.15%	0.14%	0.13%	0.30%	0.27%	0.27%	0.33%	0.34%	0.33%	0.52%	0.47%
Hindu undivided families	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.35%	0.34%	0.35%	0.36%	0.39%	0.75%	0.15%	0.14%	0.13%	0.25%	0.22%	0.22%	0.22%	0.23%	0.24%	0.28%	0.24%
Clearing Members	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	Under 0.01%	Under 0.01%	–	–	–	–	–	–	–	–	–	–	–	–	–	–
LLP	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	0.05%	0.11%	0.09%	0.24%	0.23%
Firm	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.05%	0.05%	0.05%	0.05%	0.01%	0.01%	0.01%	–
Trusts	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%
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%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	17.17%	22.37%	22.37%	22.35%	22.35%	22.35%	22.35%	22.34%	22.32%	22.32%	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	1,31,22,558	1,29,80,258	1,29,80,258	1,29,80,258	1,29,80,258	1,29,80,258	1,29,80,258	1,29,80,258	1,29,80,258	1,29,80,258	1,29,80,258	1,29,80,258	1,29,80,258	1,29,80,258	1,29,80,258	1,29,80,258	1,29,80,258	1,29,80,258	1,29,80,258	1,29,80,258	1,29,80,258	1,29,80,258	1,29,80,258	1,29,80,258	1,29,80,258	1,29,80,258	1,29,80,258	1,29,80,258	1,29,80,258	1,29,80,258	1,29,80,258	1,29,80,258	13,65,38,010	13,65,38,010	13,65,38,010	13,65,38,010	13,65,38,010	13,65,38,010	13,65,38,010	13,65,38,010
Shares locked in	–	0	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	7,65,212	82,23,270	82,23,270	67,35,430	–	–	–	–	–

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 Systematix Corporate Services shareholders

Shareholders on the company's register in each filing.

Shareholders, filing by filing

Shareholders	Dec 2016	Mar 2017Filing	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	2,249	2,045	2,054	2,044	2,015	1,996	1,993	1,934	1,955	1,940	1,940	1,939	1,941	1,928	1,935	1,935	1,920	1,825	1,792	1,787	1,757	1,728	1,727	1,794	1,826	1,805	1,790	1,743	1,741	1,803	2,226	2,918	10,346	10,337	10,790	10,425	10,800	11,140	10,814	10,325
	6	6	6	6	6	6	6	6	6	6	6	6	6	6	6	6	6	6	5	5	5	5	5	5	5	6	6	6	6	6	6	6	7	7	7	7	7	7	7	7
Indian promoters	6	–	6	6	6	6	6	6	6	6	6	6	6	6	6	6	6	6	5	5	5	5	5	5	5	6	6	6	6	6	6	6	7	7	7	7	7	7	7	7
	2,243	2,039	2,048	2,038	2,009	1,990	1,987	1,928	1,949	1,934	1,934	1,933	1,935	1,922	1,929	1,929	1,914	1,819	1,787	1,782	1,752	1,723	1,722	1,789	1,821	1,799	1,784	1,737	1,735	1,797	2,220	2,912	10,339	10,330	10,783	10,418	10,793	11,133	10,807	10,318
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	2	2	6	6	6	7	7	6	6	6
Foreign portfolio investors, category I	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	2	2	5	5	4	5	4	4	5	5
Foreign portfolio investors, category II	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	1	2	2	3	2	1	1
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	–	–	–	–	1	1	1
Mutual funds	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	–	–	–	–	–	–	–
Alternative investment funds	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	1	1
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1,789	1,821	1,799	1,784	1,737	1,735	1,796	2,218	2,910	10,332	10,324	10,777	10,411	10,786	11,126	10,800	10,311
Resident individuals, up to ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1,709	1,737	1,715	1,697	1,646	1,640	1,701	2,099	2,776	10,112	10,096	10,553	10,172	10,535	10,869	10,537	10,061
Resident individuals, over ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	4	4	4	4	7	10	13	12	11	10	10	11	10	10	11	10	10
Companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	40	41	39	42	41	42	41	43	48	51	55	52	52	59	58	62	61
Non-resident Indians	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	5	5	8	8	8	10	11	23	30	68	72	68	76	69	67	71	66
Relatives of promoters	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	2	2	2	2	2	2	2	2	–	–	–	–	–	–	–	–
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	31	32	31	31	33	31	28	39	43	91	91	93	101	113	121	120	113
Hindu undivided families	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	29	29	30	31	33	31	28	38	42	86	87	88	95	104	114	114	109
Clearing Members	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	2	3	1	–	–	–	–	–	–	–	–	–	–	–	–	–	–
LLP	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	1	4	2	3	4	7	5	4	3
Firm	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	1	1	1	1	1	1	–
Trusts	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	1	1	1	1	1	1

Systematix Corporate Services 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 SYSTEMATIX HOLDINGS PRIVATE LIMITED, 64.91%.Promoter buying and selling

Holder
SYSTEMATIX HOLDINGS PRIVATE LIMITEDIndian companies, trusts and others	64.91%	8,86,22,760
NIKHIL KHANDELWALIndividuals and Hindu undivided families	3.07%	41,85,660
CHANDRA PRAKASH KHANDELWALIndividuals and Hindu undivided families	2.17%	29,68,082
ANJU KHANDELWALIndividuals and Hindu undivided families	0.37%	5,08,030
CHANDRA PRAKASH KHANDELWAL HUFIndividuals and Hindu undivided families	0.05%	64,960
PRIYANKA KHANDELWALIndividuals and Hindu undivided families	0.01%	10,000
RAHUL KHANDELWALIndividuals and Hindu undivided families	0.00%	5,000

No promoter shares are reported as pledged.

Largest public holders of Systematix Corporate Services, filing by filing

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

Holder	Dec 2016	Mar 2017Filing	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
PRATIK MADHUKAR SHETHResident individuals, over ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.55%	1.55%	6.81%	6.81%	6.94%	6.94%	6.94%	6.94%
BELGRAVE INVESTMENT FUNDForeign portfolio investors, category I	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	2.39%	4.04%	4.04%	4.04%	4.04%	2.85%	2.70%	2.70%
SHASHIKANT JAINResident individuals, over ₹2 lakh at face value	–	–	–	–	–	8.48%	8.48%	8.48%	8.48%	8.48%	8.48%	8.48%	8.48%	8.48%	8.48%	8.48%	8.29%	8.29%	8.29%	8.29%	8.29%	8.29%	8.29%	8.29%	8.29%	8.29%	8.29%	8.29%	5.13%	4.30%	3.50%	3.30%	2.50%	2.48%	2.40%	2.38%	2.38%	2.38%	2.38%	2.38%
AUTHUM INVESTMENT AND INFRASTRUCTURE LIMITEDCompanies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.63%	1.63%	1.63%	1.59%	1.59%	1.59%	1.59%
DOVETAIL INDIA FUND CLASS 8 SHARESForeign portfolio investors, category I	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.15%	1.15%	–	1.01%	1.01%	1.01%
MADHUKAR SHETHResident individuals, over ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.03%	1.33%	4.24%	4.31%	4.41%	4.52%	4.56%	4.56%	4.56%	4.56%	4.56%	4.87%	4.87%	4.87%	4.88%	5.22%	5.26%	–	–	–	–	–	–
DOVETAIL INDIA FUND CLASS 5 SHARESForeign portfolio investors, category I	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.15%	1.15%	–	–	–	–	–	–
LKP FINANCE LIMITEDCompanies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.44%	1.44%	1.44%	1.44%	1.37%	–	–	–	–	–	–	–
WONDERDREAM DEVELOPERS PRIVATE LIMITEDCompanies	–	–	–	–	–	–	–	–	–	3.85%	3.85%	3.85%	3.85%	3.85%	3.85%	3.85%	3.85%	–	3.85%	1.70%	1.70%	1.70%	1.70%	1.70%	1.70%	1.70%	1.70%	1.70%	–	–	–	–	–	–	–	–	–	–	–	–
Findeal Investments Pvt LimitedCompanies	3.59%	–	3.63%	3.63%	3.63%	3.63%	3.63%	3.63%	3.63%	3.63%	3.63%	3.63%	3.63%	3.63%	3.63%	3.63%	3.63%	3.63%	3.63%	3.71%	3.67%	3.68%	3.47%	3.40%	3.40%	3.40%	3.33%	–	–	–	–	–	–	–	–	–	–	–	–	–
WONDERDREAMDEVELOPERS PRIVATELIMITEDOther non-institutions	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	3.85%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Excel Money Management Services Private LimitedOther non-institutions	3.81%	–	3.85%	3.85%	3.85%	3.85%	3.85%	3.85%	3.85%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
SATYAMITRA STOCK CONSULTANTS PVT LTDOther non-institutions	10.32%	–	10.44%	10.44%	10.44%	10.36%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
CHIRAAYUSH STOCK CONSULTANTS PVT LTDOther non-institutions	8.72%	–	8.81%	8.81%	8.81%	8.77%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
SHRI RAM STOCKMART PVT LTDOther non-institutions	7.51%	–	7.59%	7.59%	7.59%	7.59%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
APMS INVESTMENT FUND LTDInstitutions Foreign Portfolio Investor	4.52%	–	4.57%	4.57%	4.57%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
LOTUS GLOBAL INVESTMENTS LTDInstitutions Foreign Portfolio Investor	3.57%	–	3.61%	3.61%	3.61%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
BAY CAPITAL ADVISORS PRIVATE LIMITEDOther non-institutions	1.03%	–	1.04%	1.04%	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.