Aditya Forge shareholders and shareholding pattern

BSE: 522150Industrial ProductsSmall Cap

₹71.18₹3.74 (4.99%)

Share price at the BSE close on 23 Oct 2026. Previous close ₹74.92.

Market cap: Price break5,306th largest listed
P/E: Price break
P/B: Price break
Dividend yield: –
ROCE: −21.3%
Volume, BSE: 25,977

Who owns Aditya Forge, filing by filing

Per cent of the company's shares. The last ten years of filings, from Dec 2016; the latest is the filing for Sep 2026.

Sep 2026 filing

Promoters33.97%
Indian institutions0.01%
Individuals and others66.02%

Shareholding pattern, per cent, from Sep 2019

Promoters
Indian institutions
Individuals and others

Per cent	Dec 2016Filed 15 Dec	Jun 2017Filed 14 Dec	Sep 2017Filed 29 Jan	Dec 2017Filed 14 Dec	Jun 2018Filed 6 Aug	Dec 2018Filed 7 Apr	Jun 2019Filed 26 Jul	Sep 2019Filed 25 Jul	Dec 2019Filed 25 Jul	Mar 2020Filed 25 Jul	Jun 2020Filed 25 Jul	Sep 2020Filed 25 Jul	Dec 2020Filed 25 Jul	Mar 2021Filed 26 Jul	Jun 2021Filed 26 Jul	Sep 2021Filed 26 Jul	Dec 2021Filed 26 Jul	Mar 2022Filed 26 Jul	Jun 2022Filed 26 Jul	Sep 2022Filed 26 Jul	Dec 2022Filed 26 Jul	Mar 2023Filed 26 Jul	Jun 2023Filed 26 Jul	Sep 2023Filed 26 Jul	Dec 2023Filed 26 Jul	Mar 2024Filed 26 Jul	Jun 2024Filed 26 Jul	Sep 2024Filed 26 Jul	Dec 2024Filed 26 Jul	Mar 2025Filed 26 Jul	Jun 2025Filed 29 Sep	Sep 2025Filed 16 Oct	Dec 2025Filed 21 Jan	Mar 2026Filed 21 Apr	Jun 2026Filed 20 Jul	Sep 2026Filed 19 Oct
	33.97%	33.97%	33.97%	33.97%	33.97%	33.97%	33.97%	33.97%	33.97%	33.97%	33.97%	33.97%	33.97%	33.97%	33.97%	33.97%	33.97%	33.97%	33.97%	33.97%	33.97%	33.97%	33.97%	33.97%	33.97%	33.97%	33.97%	33.97%	33.97%	33.97%	33.97%	33.97%	33.97%	33.97%	33.97%	33.97%
Indian promoters	33.97%	33.97%	33.97%	33.97%	33.97%	33.97%	33.97%	33.97%	33.97%	33.97%	33.97%	33.97%	33.97%	33.97%	33.97%	33.97%	33.97%	33.97%	33.97%	33.97%	33.97%	33.97%	33.97%	33.97%	33.97%	33.97%	33.97%	33.97%	33.97%	33.97%	33.97%	33.97%	33.97%	33.97%	33.97%	33.97%
	66.03%	66.03%	66.03%	66.03%	66.03%	66.03%	66.03%	66.03%	66.03%	66.03%	66.03%	66.03%	66.03%	66.03%	66.03%	66.03%	66.03%	66.03%	66.03%	66.03%	66.03%	66.03%	66.03%	66.03%	66.03%	66.03%	66.03%	66.03%	66.03%	66.03%	66.03%	66.03%	66.03%	66.03%	66.03%	66.03%
	–	–	–	–	–	–	–	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%
Banks	–	–	–	–	–	–	–	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%
	–	–	–	–	–	–	–	66.02%	66.02%	66.02%	66.02%	66.02%	66.02%	66.02%	66.02%	66.02%	66.02%	66.02%	66.02%	66.02%	66.02%	66.02%	66.02%	66.02%	66.02%	66.02%	66.02%	66.02%	66.02%	66.02%	66.02%	66.02%	66.02%	66.02%	66.02%	66.02%
Resident individuals, up to ₹2 lakh at face value	–	–	–	–	–	–	–	54.20%	54.18%	54.18%	54.18%	54.23%	54.23%	54.18%	54.22%	54.22%	53.58%	53.58%	53.58%	53.60%	53.60%	53.60%	53.60%	53.55%	53.54%	53.51%	53.51%	53.51%	53.51%	53.51%	53.51%	53.51%	53.51%	53.44%	53.44%	53.44%
Resident individuals, over ₹2 lakh at face value	–	–	–	–	–	–	–	8.10%	8.10%	8.10%	8.10%	8.10%	8.10%	8.10%	8.10%	8.10%	8.10%	8.10%	8.10%	8.10%	8.10%	8.10%	8.10%	8.10%	8.10%	8.10%	8.10%	8.10%	8.10%	8.10%	8.10%	8.10%	8.10%	8.10%	8.10%	8.10%
Companies	–	–	–	–	–	–	–	2.10%	2.13%	2.12%	2.12%	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%	2.08%	2.08%	2.08%	2.08%	2.08%	2.08%
Non-resident Indians	–	–	–	–	–	–	–	0.74%	0.74%	0.74%	0.74%	0.74%	0.74%	0.78%	0.75%	0.75%	0.75%	0.75%	0.75%	0.75%	0.75%	0.75%	0.75%	0.75%	0.76%	0.80%	0.80%	0.80%	0.80%	0.79%	0.79%	0.80%	0.80%	0.87%	0.87%	0.87%
	–	–	–	–	–	–	–	0.89%	0.88%	0.88%	0.88%	0.88%	0.88%	0.88%	0.87%	0.87%	1.51%	1.51%	1.51%	1.49%	1.49%	1.49%	1.49%	1.54%	1.54%	1.54%	1.54%	1.54%	1.54%	1.54%	1.54%	1.54%	1.54%	1.54%	1.54%	1.54%
Hindu undivided families	–	–	–	–	–	–	–	0.89%	0.88%	0.88%	0.88%	0.88%	0.88%	0.88%	0.87%	0.87%	1.51%	1.51%	1.51%	1.49%	1.49%	1.49%	1.49%	1.54%	1.54%	1.54%	1.54%	1.54%	1.54%	1.54%	1.54%	1.54%	1.54%	1.54%	1.54%	1.54%
Corporate Body - Broker	–	–	–	–	–	–	–	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Shares in issue	43,08,600	43,08,600	43,08,600	43,08,600	43,08,600	43,08,600	43,08,600	43,08,600	43,08,600	43,08,600	43,08,600	43,08,600	43,08,600	43,08,600	43,08,600	43,08,600	43,08,600	43,08,600	43,08,600	43,08,600	43,08,600	43,08,600	43,08,600	43,08,600	43,08,600	43,08,600	43,08,600	43,08,600	43,08,600	43,08,600	43,08,600	43,08,600	43,08,600	43,08,600	43,08,600	43,08,600

Filings before Sep 2019 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 Aditya Forge shareholders

Shareholders on the company's register in each filing.

Shareholders, filing by filing

Shareholders	Dec 2016Filed 15 Dec	Jun 2017Filed 14 Dec	Sep 2017Filed 29 Jan	Dec 2017Filed 14 Dec	Jun 2018Filed 6 Aug	Dec 2018Filed 7 Apr	Jun 2019Filed 26 Jul	Sep 2019Filed 25 Jul	Dec 2019Filed 25 Jul	Mar 2020Filed 25 Jul	Jun 2020Filed 25 Jul	Sep 2020Filed 25 Jul	Dec 2020Filed 25 Jul	Mar 2021Filed 26 Jul	Jun 2021Filed 26 Jul	Sep 2021Filed 26 Jul	Dec 2021Filed 26 Jul	Mar 2022Filed 26 Jul	Jun 2022Filed 26 Jul	Sep 2022Filed 26 Jul	Dec 2022Filed 26 Jul	Mar 2023Filed 26 Jul	Jun 2023Filed 26 Jul	Sep 2023Filed 26 Jul	Dec 2023Filed 26 Jul	Mar 2024Filed 26 Jul	Jun 2024Filed 26 Jul	Sep 2024Filed 26 Jul	Dec 2024Filed 26 Jul	Mar 2025Filed 26 Jul	Jun 2025Filed 29 Sep	Sep 2025Filed 16 Oct	Dec 2025Filed 21 Jan	Mar 2026Filed 21 Apr	Jun 2026Filed 20 Jul	Sep 2026Filed 19 Oct
All shareholders	4,188	4,189	4,189	4,188	4,186	4,182	4,183	4,186	4,184	4,156	4,156	4,156	4,156	4,155	4,157	4,155	4,155	4,154	4,154	4,155	4,155	4,156	4,157	4,157	4,156	4,159	4,160	4,160	4,160	4,160	4,160	4,160	4,160	4,161	4,161	4,161
	10	10	10	10	10	10	10	10	10	10	10	10	10	10	10	10	10	10	10	10	10	10	10	10	10	10	10	10	10	10	10	10	10	10	10	10
Indian promoters	10	10	10	10	10	10	10	10	10	10	10	10	10	10	10	10	10	10	10	10	10	10	10	10	10	10	10	10	10	10	10	10	10	10	10	10
	4,178	4,179	4,179	4,178	4,176	4,172	4,173	4,176	4,174	4,146	4,146	4,146	4,146	4,145	4,147	4,145	4,145	4,144	4,144	4,145	4,145	4,146	4,147	4,147	4,146	4,149	4,150	4,150	4,150	4,150	4,150	4,150	4,150	4,151	4,151	4,151
	–	–	–	–	–	–	–	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2
Banks	–	–	–	–	–	–	–	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2
	–	–	–	–	–	–	–	4,174	4,172	4,144	4,144	4,144	4,144	4,143	4,145	4,143	4,143	4,142	4,142	4,143	4,143	4,144	4,145	4,145	4,144	4,147	4,148	4,148	4,148	4,148	4,148	4,148	4,148	4,149	4,149	4,149
Resident individuals, up to ₹2 lakh at face value	–	–	–	–	–	–	–	4,026	4,025	4,000	4,000	4,004	4,005	4,003	4,007	4,005	3,986	3,985	3,985	3,986	3,986	3,987	3,988	3,987	3,985	3,986	3,987	3,987	3,987	3,988	3,988	3,987	3,987	3,987	3,987	3,987
Resident individuals, over ₹2 lakh at face value	–	–	–	–	–	–	–	9	9	6	6	6	6	6	6	6	6	6	6	6	6	6	6	6	6	6	6	6	6	6	6	6	6	6	6	6
Companies	–	–	–	–	–	–	–	46	46	46	46	43	43	43	43	43	43	43	43	43	43	43	43	43	43	43	43	43	43	43	43	43	43	43	43	43
Non-resident Indians	–	–	–	–	–	–	–	77	77	77	77	77	77	78	77	77	77	77	77	78	78	78	78	78	79	81	81	81	81	80	80	81	81	82	82	82
	–	–	–	–	–	–	–	16	15	15	15	14	13	13	12	12	31	31	31	30	30	30	30	31	31	31	31	31	31	31	31	31	31	31	31	31
Hindu undivided families	–	–	–	–	–	–	–	15	14	14	14	13	13	13	12	12	31	31	31	30	30	30	30	31	31	31	31	31	31	31	31	31	31	31	31	31
Corporate Body - Broker	–	–	–	–	–	–	–	1	1	1	1	1	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–

Aditya Forge 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 NITIN RASIKLAL PAREKH, 15.41%. The filing names 2 more members with no shares.

Holder
NITIN RASIKLAL PAREKHIndividuals and Hindu undivided families	15.41%	6,63,900	6,63,900
NITIN RASIKLAL PAREKH (HUF)Individuals and Hindu undivided families	10.86%	4,67,957	4,67,957
ETHIO PLASTICS PRIVATE LIMITEDIndian companies, trusts and others	3.42%	1,47,500	1,47,500
PANKAJ RASIKLAL PAREKHIndividuals and Hindu undivided families	1.52%	65,300	64,800
ADITYA NITIN PAREKHIndividuals and Hindu undivided families	1.07%	46,300	46,300
REKHA N. PAREKHIndividuals and Hindu undivided families	0.67%	29,000	29,000
MAHESH MANSUKHLAL NANDANIIndividuals and Hindu undivided families	0.28%	12,100	7,200
AMOLEE PANKAJ PAREKHIndividuals and Hindu undivided families	0.25%	10,600	10,600
KHUSHBOO PANKAJ PAREKHIndividuals and Hindu undivided families	0.24%	10,500	10,000
BIJAL NITIN PAREKHIndividuals and Hindu undivided families	0.24%	10,400	0

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 Aditya Forge, filing by filing

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

Holder	Dec 2016Filed 15 Dec	Jun 2017Filed 14 Dec	Sep 2017Filed 29 Jan	Dec 2017Filed 14 Dec	Jun 2018Filed 6 Aug	Dec 2018Filed 7 Apr	Jun 2019Filed 26 Jul	Sep 2019Filed 25 Jul	Dec 2019Filed 25 Jul	Mar 2020Filed 25 Jul	Jun 2020Filed 25 Jul	Sep 2020Filed 25 Jul	Dec 2020Filed 25 Jul	Mar 2021Filed 26 Jul	Jun 2021Filed 26 Jul	Sep 2021Filed 26 Jul	Dec 2021Filed 26 Jul	Mar 2022Filed 26 Jul	Jun 2022Filed 26 Jul	Sep 2022Filed 26 Jul	Dec 2022Filed 26 Jul	Mar 2023Filed 26 Jul	Jun 2023Filed 26 Jul	Sep 2023Filed 26 Jul	Dec 2023Filed 26 Jul	Mar 2024Filed 26 Jul	Jun 2024Filed 26 Jul	Sep 2024Filed 26 Jul	Dec 2024Filed 26 Jul	Mar 2025Filed 26 Jul	Jun 2025Filed 29 Sep	Sep 2025Filed 16 Oct	Dec 2025Filed 21 Jan	Mar 2026Filed 21 Apr	Jun 2026Filed 20 Jul	Sep 2026Filed 19 Oct
RAHUL SHAHResident individuals, over ₹2 lakh at face value	3.15%	3.15%	3.15%	3.15%	–	3.15%	3.15%	3.15%	3.15%	3.15%	3.15%	3.15%	3.15%	3.15%	3.15%	3.15%	3.15%	3.15%	3.15%	3.15%	3.15%	3.15%	3.15%	3.15%	3.15%	3.15%	3.15%	3.15%	3.15%	3.15%	3.15%	3.15%	3.15%	3.15%	3.15%	3.15%
RAMRAKH R BOHRAResident individuals, over ₹2 lakh at face value	2.22%	2.22%	2.22%	2.22%	–	2.33%	2.33%	2.33%	2.33%	2.33%	2.33%	2.33%	2.33%	2.33%	2.33%	2.33%	2.33%	2.33%	2.33%	2.33%	2.33%	2.33%	2.33%	2.33%	2.33%	2.33%	2.33%	2.33%	2.33%	2.33%	2.33%	2.33%	2.33%	2.33%	2.33%	2.33%

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.