Usha Martin Education & Solutions shareholders and shareholding pattern

NSE: UMESLTDBSE: 532398Other Consumer ServicesSmall Cap

Usha Martin Education & Solutions Limited · Face value ₹1 · Listed Dec 2000 on BSE, Jul 2010 on NSE

₹4.21₹0.18 (4.10%)BSE ₹4.17

Share price at the NSE close on 27 Oct 2026. Previous close ₹4.39.

27 Oct: open ₹4.48, high ₹4.49, low ₹4.12

52-week range of traded prices to 27 Oct 2026

₹3.76Low, 18 Sep 2026₹7.14High, 16 Mar 2026

Market cap: ₹11 Cr4,391st largest listed
P/E: Owners' profit not stated
P/B: 4.54
Dividend yield: Nonein the last 12 months
ROCE: 16.4%
Debt to equity: 0.09
Volume, NSE: 19,52794.0% delivered

Usha Martin Education & Solutions' shareholding pattern for Sep 2026, filed on 6 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 Usha Martin Education & Solutions, filing by filing

Per cent of all the company's shares, counting those held against depositary receipts traded abroad where a filing has them. As the company files it, of its shares less those held against receipts, the promoters hold 39.82%.

Sep 2026 filing

Promoters39.06%
Foreign institutionsNone
Indian institutions0.89%
GovernmentsNone
Individuals and others58.13%
Depositary receipts1.92%

Shareholding pattern, per cent, from Sep 2022

Promoters
Foreign institutions
Indian institutions
Governments
Individuals and others
Depositary receipts

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
	43.08%	42.88%	30.10%	30.10%	30.10%	42.88%	42.83%	42.83%	42.83%	42.81%	42.81%	42.67%	42.67%	40.96%	40.96%	40.96%	40.96%	40.30%	40.30%	41.06%	40.50%	40.50%	40.50%	40.70%	39.96%	39.96%	39.96%	39.96%	39.78%	39.06%	39.06%	39.06%	39.06%	38.32%	38.32%	39.06%	39.06%	39.06%	39.06%	39.06%
Indian promoters	34.04%	33.84%	21.06%	21.06%	21.05%	33.84%	33.79%	33.79%	33.79%	33.77%	33.77%	33.63%	33.63%	33.63%	33.63%	33.63%	33.63%	33.63%	33.63%	34.38%	37.61%	37.61%	37.61%	37.81%	39.96%	39.96%	39.96%	39.96%	39.78%	39.06%	39.06%	39.06%	39.06%	38.32%	38.32%	39.06%	39.06%	39.06%	39.06%	39.06%
Foreign promoters	9.04%	9.04%	9.04%	9.04%	9.04%	9.04%	9.04%	9.04%	9.04%	9.04%	9.04%	9.04%	9.04%	7.34%	7.34%	7.34%	7.34%	6.68%	6.68%	6.68%	2.89%	2.89%	2.89%	2.89%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	–	–	–	–	–	–
	50.11%	50.30%	63.09%	63.09%	64.46%	51.67%	55.25%	55.25%	55.25%	55.27%	55.27%	55.41%	55.41%	57.11%	57.11%	57.11%	57.11%	57.78%	57.78%	57.02%	57.57%	57.57%	57.57%	57.38%	58.12%	58.12%	58.12%	58.12%	58.29%	59.02%	59.02%	59.02%	59.02%	57.91%	57.91%	59.02%	59.02%	59.02%	59.02%	59.02%
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.70%	1.71%	1.70%	1.70%	1.70%	1.70%	1.70%	1.70%	1.70%	1.70%	1.67%	1.67%	1.70%	1.70%	1.70%	1.70%	–
Foreign portfolio investors, category I	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	Under 0.01%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	–	–	–	–	–	–
Foreign portfolio investors, category II	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.70%	1.70%	1.70%	1.70%	1.70%	1.70%	1.70%	1.70%	1.70%	1.70%	1.67%	1.67%	1.70%	1.70%	1.70%	1.70%	–
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	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%	–
Not applicable	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	–	–	–	–
Not available	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	Under 0.01%	Under 0.01%	–
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	2.62%	2.62%	2.62%	2.19%	1.72%	1.72%	1.24%	1.24%	1.24%	1.24%	1.22%	1.22%	1.24%	1.24%	1.24%	1.24%	0.89%
Mutual funds	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%	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%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
Insurance companies	3.52%	3.52%	3.52%	3.52%	3.52%	3.52%	3.52%	3.52%	3.52%	3.52%	3.52%	3.52%	3.52%	3.52%	3.52%	3.52%	3.52%	3.18%	3.18%	3.18%	3.18%	3.18%	3.18%	2.59%	2.59%	2.59%	2.16%	1.69%	1.69%	1.21%	1.21%	1.21%	1.21%	1.19%	1.19%	1.21%	1.21%	1.21%	1.21%	0.86%
Banks	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%
Other financial institutions	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	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%
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	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%
Government-promoted companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%
Government-promoted companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	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%	–	–	–	–	–	–
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	53.05%	53.79%	53.79%	54.22%	54.69%	54.87%	56.08%	56.08%	56.08%	56.08%	55.02%	55.02%	56.08%	56.08%	56.08%	56.08%	58.13%
Resident individuals, up to ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	29.94%	29.63%	30.28%	31.29%	33.48%	32.53%	34.65%	35.43%	36.36%	36.51%	35.27%	35.17%	35.74%	35.74%	35.74%	35.74%	34.87%
Resident individuals, over ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	13.33%	13.35%	13.31%	13.10%	10.97%	11.93%	11.94%	12.40%	11.32%	11.14%	11.59%	11.71%	12.02%	12.02%	12.02%	12.02%	14.36%
Companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	6.14%	6.07%	5.63%	5.60%	5.93%	6.02%	5.91%	5.12%	5.20%	5.16%	5.02%	5.06%	5.14%	5.14%	5.14%	5.14%	5.59%
Non-resident Indians	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.63%	1.70%	1.73%	1.42%	1.26%	1.14%	1.12%	1.17%	1.11%	1.11%	1.09%	1.07%	1.10%	1.10%	1.10%	1.10%	1.14%
Foreign nationals	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.00%	0.00%	0.00%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	0.00%	0.00%	0.00%	–	–	–	–	–	–
Foreign companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	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	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.50%	0.50%	0.50%	0.50%	0.50%	0.50%	0.50%	0.50%	0.50%	0.50%	0.49%	0.49%	–	0.50%	0.50%	0.50%	0.50%
Relatives of promoters	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.00%	0.00%	0.00%	0.00%	0.00%	–	0.50%	–	–	–	–
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.49%	2.51%	2.32%	2.28%	2.52%	2.72%	1.95%	1.45%	1.59%	1.66%	1.56%	1.52%	1.57%	1.57%	1.57%	1.57%	1.68%
Trusts	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	–	–	–	–	–	–	Under 0.01%	–	–	–	–
Clearing Members	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.26%	0.28%	0.34%	0.27%	0.26%	0.26%	–	–	–	–	–	–	0.32%	–	–	–	–
Hindu undivided families	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.23%	2.22%	1.98%	2.01%	2.25%	2.46%	–	–	–	–	–	–	1.26%	1.26%	1.26%	1.26%	1.39%
Depositary receipts	6.81%	6.81%	6.81%	6.81%	5.45%	5.45%	1.92%	1.92%	1.92%	1.92%	1.92%	1.92%	1.92%	1.92%	1.92%	1.92%	1.92%	1.92%	1.92%	1.92%	1.92%	1.92%	1.92%	1.92%	1.92%	1.92%	1.92%	1.92%	1.92%	1.92%	1.92%	1.92%	1.92%	3.77%	3.77%	1.92%	1.92%	1.92%	1.92%	1.92%
Shares in issue	2,64,15,811	2,64,15,811	2,64,15,811	2,64,15,811	2,64,15,811	2,64,15,811	2,64,15,811	2,64,15,811	2,64,15,811	2,64,15,811	2,64,15,811	2,64,15,811	2,64,15,811	2,64,15,811	2,64,15,811	2,64,15,811	2,64,15,811	2,64,15,811	2,64,15,811	2,64,15,811	2,64,15,811	2,64,15,811	2,64,15,811	2,64,15,811	2,64,15,811	2,64,15,811	2,64,15,811	2,64,15,811	2,64,15,811	2,64,15,811	2,64,15,811	2,64,15,811	2,64,15,811	2,69,23,663	2,69,23,663	2,64,15,811	2,64,15,811	2,64,15,811	2,64,15,811	2,64,15,811
Shares underlying depositary receipts	17,99,455	17,99,455	17,99,455	17,99,455	14,39,455	14,39,455	5,07,852	5,07,852	5,07,852	5,07,852	5,07,852	5,07,852	5,07,852	5,07,852	5,07,852	5,07,852	5,07,852	5,07,852	5,07,852	5,07,852	5,07,852	5,07,852	5,07,852	5,07,852	5,07,852	5,07,852	5,07,852	5,07,852	5,07,852	5,07,852	5,07,852	5,07,852	5,07,852	10,15,704	10,15,704	5,07,852	5,07,852	5,07,852	5,07,852	5,07,852

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 Usha Martin Education & Solutions 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	31,313	31,199	31,124	31,025	31,002	31,002	31,004	30,948	30,954	30,895	30,848	30,828	30,763	30,716	30,840	30,757	30,859	31,430	31,779	32,131	32,132	32,132	35,011	34,078	34,158	34,106	34,137	35,717	35,268	36,384	37,376	38,473	39,247	39,147	38,934	38,760	38,760	38,760	38,760	38,304
	18	17	15	15	14	15	14	14	14	15	15	14	14	14	14	14	14	14	14	14	15	15	15	18	17	17	16	16	16	17	17	17	17	17	17	17	17	17	17	17
Indian promoters	17	16	14	14	13	14	13	13	13	14	14	13	13	13	13	13	13	13	13	13	14	14	14	17	17	17	16	16	16	17	17	17	17	17	17	17	17	17	17	17
Foreign promoters	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	0	0	0	0	0	0	0	0	0	0	–	–	–	–	–	–
	31,294	31,181	31,108	31,009	30,987	30,986	30,989	30,933	30,939	30,879	30,832	30,813	30,748	30,701	30,825	30,742	30,844	31,415	31,764	32,116	32,116	32,116	34,995	34,059	34,140	34,088	34,120	35,700	35,251	36,366	37,358	38,455	39,229	39,129	38,916	38,742	38,742	38,742	38,742	38,286
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	3	3	2	2	2	2	2	2	2	2	2	2	2	2	2	2	–
Foreign portfolio investors, category I	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	1	0	0	0	0	0	0	0	0	0	–	–	–	–	–	–
Foreign portfolio investors, category II	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	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	–
Not applicable	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	–	–	–	–
Not available	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	1	1	–
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	31	31	31	30	30	30	29	29	29	29	29	29	29	29	29	29	28
Mutual funds	6	6	6	6	6	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	5	5	5	5	5	5	5	5	5	5
Insurance companies	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	4	4	4	3	3	3	3	3	3	3	3	3	3	2
Banks	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	18	18	18	18	18	18	18	18	18	18	18	18	18	18	18	18	18
Other financial institutions	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	3	3	3	3	3	3	3	3	3	3	3	3	3	3	3	3	3
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	3	3	3	3	3	3	3	3	3	3	3	3	3	3	3	3	3
Government-promoted companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	3	3	3	3	3	3
Government-promoted companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	3	3	3	3	3	3	3	3	3	3	3	–	–	–	–	–	–
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	34,022	34,103	34,052	34,085	35,665	35,216	36,332	37,324	38,421	39,195	39,095	38,882	38,708	38,708	38,708	38,708	38,255
Resident individuals, up to ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	33,169	33,247	33,197	33,229	34,804	34,362	35,485	36,480	37,576	38,346	38,250	38,052	37,874	37,874	37,874	37,874	37,418
Resident individuals, over ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	52	52	53	58	55	62	64	63	53	51	51	51	52	52	52	52	62
Companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	269	264	256	253	254	252	251	252	256	255	250	249	246	246	246	246	235
Non-resident Indians	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	193	200	208	211	211	206	213	213	213	217	225	221	223	223	223	223	241
Foreign nationals	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0	0	0	1	1	1	1	1	0	0	0	–	–	–	–	–	–
Foreign companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4
Directors and their relatives	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	3	3	3	3	3	3	3	3	3	3	3	3	–	3	3	3	3
Relatives of promoters	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	2	2	2	2	2	2	0	0	0	0	0	–	3	–	–	–	–
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	330	331	329	324	331	324	311	308	316	319	312	302	306	306	306	306	292
Trusts	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	2	2	2	2	2	2	–	–	–	–	–	–	2	–	–	–	–
Clearing Members	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	27	31	32	29	26	27	–	–	–	–	–	–	28	–	–	–	–
Hindu undivided families	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	301	298	295	293	303	295	–	–	–	–	–	–	276	1	1	1	1

Usha Martin Education & Solutions 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 USHA BRECO LIMITED, 12.79%. The filing names 2 more members with no shares.Promoter buying and selling

Holder
USHA BRECO LIMITEDIndian companies, trusts and others	12.79%	33,77,627
UMIL SHARE & STOCK BROKING SERVICES LTDIndian companies, trusts and others	11.46%	30,28,161
PRAJEEV INVESTMENTS LIMITEDIndian companies, trusts and others	7.03%	18,57,610
USHA MARTIN VENTURES LIMITEDIndian companies, trusts and others	5.05%	13,34,396
PETERHOUSE INVESTMENTS INDIA LIMITEDIndian companies, trusts and others	1.21%	3,18,697
BASANT KUMAR JHAWARIndividuals and Hindu undivided families	0.60%	1,58,462
PRASHANT JHAWARIndividuals and Hindu undivided families	0.51%	1,34,220
RAJEEV JHAWARIndividuals and Hindu undivided families	0.14%	36,957
SHANTI DEVI JHAWARIndividuals and Hindu undivided families	0.13%	35,065
NIDHI RAJGARHIAIndividuals and Hindu undivided families	0.05%	14,219
MADHUSHREE GOENKAIndividuals and Hindu undivided families	0.03%	7,656
AKSHAY GOENKAIndividuals and Hindu undivided families	0.02%	4,878
SUSMITA JHAWARIndividuals and Hindu undivided families	0.02%	4,736
BRIJ KISHORE JHAWARIndividuals and Hindu undivided families	0.01%	2,973
APURV JHAWARIndividuals and Hindu undivided families	0.00%	399
ANUPRIYA JHAWARIndividuals and Hindu undivided families	0.00%	661
STUTI JHAWARIndividuals and Hindu undivided families	0.00%	666

No promoter shares are reported as pledged.

Largest public holders of Usha Martin Education & Solutions, 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
KALYANI SHEETAL GAURISHANKARResident individuals, over ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.26%	1.75%	1.94%	2.08%	2.08%	2.08%	2.08%	2.24%
JHUNJHUNWALA RESORTS LIMITEDCompanies	–	–	–	–	–	–	–	–	–	1.77%	1.77%	1.77%	1.77%	1.77%	1.77%	1.77%	1.77%	1.77%	1.77%	1.77%	1.77%	1.77%	1.77%	1.77%	1.77%	1.77%	1.77%	1.77%	1.77%	1.77%	1.77%	1.77%	1.77%	1.74%	1.74%	1.77%	1.77%	1.77%	1.77%	1.77%
ANUMEHA TODIResident individuals, over ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.49%	1.49%	1.49%	1.49%	1.49%	1.49%	1.49%	1.49%	1.49%	1.49%	1.46%	1.46%	1.49%	1.49%	1.49%	1.49%	1.49%
SHIVSPRASAL GUPTA CORPORATE CONSULTANTS PRIVATE LIMITEDCompanies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.08%
RESONANCE OPPURTUNITIES FUNDForeign portfolio investors, category II	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.70%	1.70%	1.70%	1.70%	1.70%	1.70%	1.70%	1.70%	1.70%	1.70%	1.70%	1.70%	1.70%	1.70%	1.70%	1.70%	1.70%	1.70%	1.67%	1.67%	1.70%	1.70%	1.70%	1.70%	–
SHIVAPRASAL GUPTA CORPORATE CONSULTANT PRIVATE LIMITEDCompanies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.08%	1.08%	1.08%	1.08%	–
SHIVASPRAVAL GUPTA CORPORATE CONSULTANTS PRIVATE LIMITEDCompanies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.06%	1.06%	–	–	–	–	–
JRL MARKETING PRIVATE LIMITEDCompanies	–	–	–	–	–	–	1.08%	1.08%	–	1.08%	1.08%	1.08%	–	–	–	–	–	1.08%	1.08%	1.08%	1.08%	1.08%	1.08%	1.08%	1.08%	1.08%	1.08%	1.08%	1.08%	1.08%	1.08%	1.08%	1.08%	–	–	–	–	–	–	–
RAJYA VARDHAN KANORIAResident individuals, over ₹2 lakh at face value	–	1.70%	–	1.70%	1.70%	1.70%	1.70%	1.70%	1.70%	–	–	–	1.70%	1.70%	1.70%	1.70%	1.70%	–	–	–	1.70%	1.70%	1.70%	1.70%	1.70%	1.19%	–	–	–	–	–	–	–	–	–	–	–	–	–	–
GENERAL INSURANCE CORPORATION OF INDIAInsurance companies	1.40%	1.40%	1.40%	1.40%	1.40%	1.40%	1.40%	1.40%	1.40%	1.40%	1.40%	1.40%	1.40%	1.40%	1.40%	1.40%	–	1.05%	1.05%	1.05%	1.05%	1.05%	1.05%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
ELARA INDIA OPPORTUNITIES FUND LIMITEDInstitutions Foreign Portfolio Investor	4.84%	4.84%	4.84%	4.84%	4.84%	4.84%	4.84%	4.84%	4.84%	4.84%	4.84%	4.84%	–	–	–	4.84%	4.84%	4.84%	4.84%	1.97%	1.97%	1.97%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
AJAY MEENAResident individuals, over ₹2 lakh at face value	–	–	–	–	1.02%	1.02%	1.23%	1.39%	1.40%	1.40%	1.74%	1.74%	1.74%	1.74%	1.74%	1.74%	1.74%	1.74%	1.55%	1.55%	1.55%	1.55%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
RAJYA BARDHAN KANORIAResident individuals, over ₹2 lakh at face value	–	–	1.70%	–	–	–	–	–	–	1.70%	1.70%	1.70%	–	–	–	–	–	1.70%	1.70%	1.70%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
ANTONY JONESResident individuals, over ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	1.28%	1.32%	1.32%	1.21%	1.21%	1.18%	–	1.03%	0.99%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
GENERAL INSURANCE CORP OF INDIAInsurance companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.40%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
ANTONY JOHNSResident individuals, over ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.10%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
JRL MARKETING P LTDOther non-institutions	–	–	–	–	–	–	–	–	1.08%	–	–	–	1.08%	1.08%	1.08%	–	1.08%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
JRL MARKETING LTDOther non-institutions	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.08%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
ELARA INDIA OPPORTUNITIES FUNS LIMITEDInstitutions Foreign Portfolio Investor	–	–	–	–	–	–	–	–	–	–	–	–	–	4.84%	4.84%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
RESONANCE OPPOERTUNITIES FUNDInstitutions Foreign Portfolio Investor	–	–	–	–	–	–	–	–	–	–	–	–	–	1.70%	1.70%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
ELARA INDIA OPPORTUNITIES FUNDS LIMITEDInstitutions Foreign Portfolio Investor	–	–	–	–	–	–	–	–	–	–	–	–	4.84%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
ANUJA TANTIAResident individuals, over ₹2 lakh at face value	–	–	–	–	–	–	1.49%	1.49%	1.49%	1.49%	1.49%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
FOLLOWEL ENGINEERING LIMITEDOther non-institutions	1.77%	1.77%	1.77%	1.77%	–	1.77%	–	1.77%	1.77%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
FOLLOWEL ENGINEERING LIMITEDDOther non-institutions	–	–	–	–	–	–	1.77%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
EDELWEISS BROKING LIMITEDOther non-institutions	–	1.08%	1.08%	1.08%	1.08%	1.08%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
FOLLOWEL ENGENEERING LIMITEDOther non-institutions	–	–	–	–	1.77%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
FALGUNI NILESH DEDHIAResident individuals, over ₹2 lakh at face value	–	–	0.94%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
ELM PARK FUND LIMITEDInstitutions Foreign Portfolio Investor	1.08%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–

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: RESONANCE OPPURTUNITIES FUND no longer named, from 1.70%
Individuals and others: SHIVAPRASAL GUPTA CORPORATE CONSULTANT PRIVATE LIMITED no longer named, from 1.08%; SHIVSPRASAL GUPTA CORPORATE CONSULTANTS PRIVATE LIMITED newly named at 1.08%; KALYANI SHEETAL GAURISHANKAR 2.24%, +0.16 pts