HFCL shareholders and shareholding pattern

NSE: HFCLBSE: 500183Telecom - ServicesSmall Cap

Formerly Himachal Futuristic Communications

₹240.07₹11.48 (4.56%)BSE ₹240.45

Share price at the NSE close on 23 Oct 2026. Previous close ₹251.55.

52-week range of traded prices to 23 Oct 2026

₹59.82Low, 27 Jan 2026₹282.25High, 21 Oct 2026

Under NSE's long-term additional surveillance, stage IV, on the list for 23 Oct 2026. The exchange puts a share here when its price has moved unusually, and trading in it carries extra conditions.
Delivery only: shares bought must be paid for in full, with no selling on the same day.

Market cap: ₹36,745 Cr400th largest listed
P/E: 42.4
P/B: 6.5
Dividend yield: 0.08%
ROE: 17.7%
ROCE: 18.3%
Debt to equity: 0.32
Volume, NSE: 95,07,204

Who owns HFCL, 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

Promoters28.29%
Foreign institutions17.24%
Indian institutions10.38%
GovernmentsNone
Individuals and others44.07%
Employee trusts0.01%

Shareholding pattern, per cent, from Sep 2022

Promoters
Foreign institutions
Indian institutions
Governments
Individuals and others
Employee trusts

Per cent	Dec 2016Filed 19 Jan	Mar 2017Filed 20 Apr	Jun 2017Filed 20 Jul	Sep 2017Filed 18 Oct	Dec 2017Filed 20 Jan	Mar 2018Filed 20 Apr	Jun 2018Filed 21 Jul	Sep 2018Filed 21 Oct	Dec 2018Filed 17 Jan	Mar 2019Filed 20 Apr	Jun 2019Filed 20 Jul	Sep 2019Filed 19 Oct	Dec 2019Filed 17 Jan	Mar 2020Filed 13 May	Jun 2020Filed 21 Jul	Sep 2020Filed 1 Dec	Dec 2020Filed 19 Jan	Mar 2021Filed 21 Apr	Jun 2021Filed 20 Jul	Sep 2021Filed 21 Oct	Dec 2021Filed 19 Jan	Mar 2022Filed 14 Apr	Jun 2022Filed 14 Jul	Sep 2022Filed 17 Oct	Dec 2022Filed 17 Jan	Mar 2023Filed 19 Apr	Jun 2023Filed 7 Jul	Sep 2023Filed 18 Oct	Dec 2023Filed 17 Jan	Mar 2024Filed 17 Apr	Jun 2024Filed 17 Jul	Sep 2024Filed 18 Oct	Dec 2024Filed 10 Jan	Mar 2025Filed 17 Apr	Jun 2025Filed 21 Jul	Sep 2025Filed 17 Oct	Dec 2025Filed 18 Jan	Mar 2026Filed 19 Apr	Jun 2026Filed 16 Jul	Sep 2026Filed 16 Oct
	38.97%	38.97%	38.30%	38.30%	38.30%	38.30%	38.30%	38.30%	38.67%	38.43%	38.13%	38.13%	38.13%	38.64%	38.64%	39.73%	42.05%	42.05%	42.05%	41.89%	39.23%	39.23%	39.20%	39.20%	39.24%	39.24%	39.24%	37.84%	37.84%	37.68%	37.63%	36.24%	35.89%	34.37%	31.58%	30.02%	28.29%	28.29%	28.29%	28.29%
Indian promoters	38.97%	38.97%	38.30%	38.30%	38.30%	38.30%	38.30%	38.30%	38.67%	38.43%	38.13%	38.13%	38.13%	38.64%	38.64%	39.73%	42.05%	42.05%	42.05%	41.89%	39.23%	39.23%	39.20%	39.20%	39.24%	39.24%	39.24%	37.84%	37.84%	37.68%	37.63%	36.24%	35.89%	34.37%	31.58%	30.02%	28.29%	28.29%	28.29%	28.29%
	61.03%	61.03%	61.70%	61.70%	61.70%	61.70%	61.70%	61.70%	61.33%	61.57%	61.87%	61.87%	61.87%	61.36%	61.36%	60.27%	57.95%	57.95%	57.95%	58.11%	60.60%	60.64%	60.62%	60.67%	60.65%	60.66%	60.67%	62.09%	62.09%	62.25%	62.31%	63.71%	64.06%	65.59%	68.38%	69.94%	71.68%	71.69%	71.69%	71.69%
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	6.72%	6.52%	6.77%	7.53%	8.35%	8.18%	7.65%	7.02%	6.68%	6.70%	6.97%	7.76%	7.48%	7.48%	7.08%	15.74%	17.24%
Foreign portfolio investors, category I	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	6.72%	6.52%	6.60%	7.36%	8.19%	7.99%	7.07%	6.78%	6.29%	6.42%	6.55%	7.44%	7.18%	7.25%	6.77%	14.26%	15.39%
Foreign portfolio investors, category II	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.00%	0.00%	0.17%	0.17%	0.16%	0.19%	0.59%	0.24%	0.39%	0.28%	0.42%	0.31%	0.30%	0.23%	0.31%	1.48%	1.85%
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	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%
Foreign Bank	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	–
Qualified Foreign Investors	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	–
Qualified Foreign Investor	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	4.06%	4.12%	4.26%	4.43%	6.25%	6.15%	7.31%	9.08%	10.36%	10.96%	13.26%	14.03%	13.58%	9.07%	8.58%	10.92%	10.38%
Mutual funds	0.12%	0.09%	0.10%	0.02%	0.13%	0.09%	0.12%	0.09%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	0.01%	0.01%	0.01%	0.02%	0.03%	0.64%	0.59%	1.40%	1.84%	1.86%	2.41%	2.43%	2.43%	2.60%	4.30%	4.19%	5.43%	7.15%	8.58%	9.24%	11.57%	12.32%	11.86%	6.68%	6.92%	8.42%	8.03%
Insurance companies	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%	0.17%	0.17%	0.21%	0.35%	0.35%	0.34%	0.34%	0.23%	0.24%	0.06%	0.05%	0.02%	0.03%	0.03%	0.02%	0.02%	0.21%	0.26%
Banks	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	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%
Alternative investment funds	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.01%	–	–	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.02%	0.02%	Under 0.01%	0.05%	0.03%	0.03%	0.04%	0.04%	0.04%	0.08%	0.76%	0.57%
Non-bank lenders registered with RBI	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.48%	1.48%	1.48%	1.48%	1.61%	1.61%	1.63%	1.69%	1.67%	1.64%	1.64%	1.65%	1.64%	2.33%	1.55%	1.53%	1.53%
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	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%
Central government	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	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%
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	49.88%	50.00%	49.63%	48.72%	47.48%	47.76%	47.29%	46.21%	46.67%	46.40%	45.36%	46.60%	48.89%	55.13%	56.03%	45.03%	44.07%
Resident individuals, up to ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	29.99%	30.06%	29.28%	29.62%	26.94%	27.23%	27.00%	27.13%	27.07%	28.80%	28.93%	30.45%	32.76%	33.51%	31.20%	24.42%	24.46%
Resident individuals, over ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	4.60%	4.69%	5.07%	4.61%	4.20%	4.14%	4.56%	4.33%	4.82%	4.86%	3.98%	3.89%	3.88%	5.37%	6.17%	5.93%	5.30%
Companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	13.83%	13.98%	14.04%	13.34%	12.64%	12.45%	11.47%	10.88%	11.21%	9.58%	9.44%	9.21%	9.02%	11.69%	13.00%	11.36%	11.02%
Non-resident Indians	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.41%	1.23%	1.20%	1.09%	1.07%	1.10%	0.76%	0.70%	0.76%	0.77%	0.78%	0.81%	0.87%	0.85%	0.87%	1.03%	1.08%
Foreign nationals	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	–	–	–	–	–	Under 0.01%
Investor education fund	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	–	–	0.19%	0.19%	0.19%	0.19%
Directors and their relatives	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	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%
Key managers	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.15%	0.15%	0.15%	0.13%	0.13%	0.13%	0.13%	0.12%	0.12%	0.12%	0.12%
Relatives of promoters	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	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%
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.01%	0.01%	0.01%	0.01%	2.60%	2.81%	3.34%	3.03%	2.65%	2.26%	2.10%	2.12%	2.23%	3.40%	4.47%	1.97%	1.89%
Clearing Members	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.70%	0.90%	1.46%	1.12%	0.65%	0.28%	0.21%	0.20%	0.22%	1.08%	2.11%	0.29%	0.24%
Overseas Corporate Bodies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	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%
Trusts	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	Under 0.01%	0.01%	0.01%	0.01%	0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	Under 0.01%	Under 0.01%
Hindu undivided families	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.87%	1.91%	1.99%	1.97%	1.88%	1.90%	1.99%	2.31%	2.35%	1.67%	1.65%
Others	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.89%	1.90%	–	–	–	–	–	–	–	–	–	–	–
Foreign Portfolio Investor (Category - III)	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	Under 0.01%
Employee trusts	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.00%	0.17%	0.12%	0.18%	0.13%	0.12%	0.10%	0.09%	0.08%	0.08%	0.06%	0.06%	0.05%	0.04%	0.04%	0.04%	0.04%	0.03%	0.02%	0.02%	0.01%
Promoter shares pledgedShare of the promoters' own shares	50.24%	50.24%	50.89%	50.89%	50.89%	50.89%	50.89%	60.92%	69.85%	68.78%	68.78%	68.78%	68.78%	67.85%	55.48%	47.33%	44.72%	44.72%	44.72%	11.18%	0.00%	44.72%	44.72%	44.72%	44.68%	44.68%	44.68%	44.68%	44.68%	44.49%	44.50%	46.20%	47.61%	49.72%	1.10%	1.15%	1.15%	1.15%	2.08%	2.08%
Shares in issue	1,23,93,77,194	1,23,93,77,194	1,23,93,77,194	1,23,93,77,194	1,23,93,77,194	1,23,93,77,194	1,23,93,77,194	1,23,93,77,194	1,24,68,77,194	1,27,43,77,194	1,28,43,77,194	1,28,43,77,194	1,28,43,77,194	1,28,43,77,194	1,28,43,77,194	1,28,43,77,194	1,28,43,77,194	1,28,43,77,194	1,28,43,77,194	1,28,93,11,494	1,37,65,84,221	1,37,65,84,221	1,37,77,58,321	1,37,77,58,321	1,37,77,58,321	1,37,77,58,321	1,37,77,58,321	1,42,87,72,812	1,42,87,72,812	1,44,09,72,812	1,44,26,72,812	1,44,26,72,812	1,44,26,72,812	1,44,26,72,812	1,44,26,72,812	1,44,26,72,812	1,53,06,02,463	1,53,06,02,463	1,53,06,02,463	1,53,06,02,463
Shares locked in	–	–	–	20,94,45,950	20,94,45,950	20,94,45,950	20,94,45,950	20,94,45,950	21,69,45,950	21,69,45,950	11,41,70,283	4,50,00,000	4,50,00,000	4,50,00,000	4,50,00,000	1,50,00,000	1,50,00,000	1,50,00,000	1,50,00,000	1,50,00,000	75,00,000	75,00,000	0	17,23,80,200	17,28,31,200	0	0	0	0	1,00,00,000	1,39,00,000	1,39,00,000	1,00,00,000	1,00,00,000	1,00,00,000	1,00,00,000	–	7,61,06,651	7,61,06,651	7,61,06,651
Promoters' shares locked in	–	–	–	20,94,45,950	20,94,45,950	20,94,45,950	20,94,45,950	20,94,45,950	21,69,45,950	21,69,45,950	8,41,70,283	1,50,00,000	1,50,00,000	1,50,00,000	1,50,00,000	1,50,00,000	1,50,00,000	1,50,00,000	1,50,00,000	1,50,00,000	75,00,000	75,00,000	0	17,17,86,100	17,17,86,100	0	0	0	0	1,00,00,000	1,00,00,000	1,00,00,000	1,00,00,000	1,00,00,000	1,00,00,000	1,00,00,000	–	7,61,06,651	7,61,06,651	7,61,06,651

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 HFCL shareholders

Shareholders on the company's register in each filing.

Shareholders, filing by filing

Shareholders	Dec 2016Filed 19 Jan	Mar 2017Filed 20 Apr	Jun 2017Filed 20 Jul	Sep 2017Filed 18 Oct	Dec 2017Filed 20 Jan	Mar 2018Filed 20 Apr	Jun 2018Filed 21 Jul	Sep 2018Filed 21 Oct	Dec 2018Filed 17 Jan	Mar 2019Filed 20 Apr	Jun 2019Filed 20 Jul	Sep 2019Filed 19 Oct	Dec 2019Filed 17 Jan	Mar 2020Filed 13 May	Jun 2020Filed 21 Jul	Sep 2020Filed 1 Dec	Dec 2020Filed 19 Jan	Mar 2021Filed 21 Apr	Jun 2021Filed 20 Jul	Sep 2021Filed 21 Oct	Dec 2021Filed 19 Jan	Mar 2022Filed 14 Apr	Jun 2022Filed 14 Jul	Sep 2022Filed 17 Oct	Dec 2022Filed 17 Jan	Mar 2023Filed 19 Apr	Jun 2023Filed 7 Jul	Sep 2023Filed 18 Oct	Dec 2023Filed 17 Jan	Mar 2024Filed 17 Apr	Jun 2024Filed 17 Jul	Sep 2024Filed 18 Oct	Dec 2024Filed 10 Jan	Mar 2025Filed 17 Apr	Jun 2025Filed 21 Jul	Sep 2025Filed 17 Oct	Dec 2025Filed 18 Jan	Mar 2026Filed 19 Apr	Jun 2026Filed 16 Jul	Sep 2026Filed 16 Oct
All shareholders	2,40,107	2,37,416	2,33,559	2,32,191	2,38,370	2,42,002	2,32,734	2,31,215	2,32,464	2,28,277	2,23,942	2,23,025	2,20,580	2,17,556	2,22,875	2,27,662	2,30,832	2,51,132	3,74,197	4,71,578	5,43,588	6,28,752	6,36,073	6,16,562	6,14,948	5,90,692	5,85,647	5,89,482	6,51,786	7,29,536	7,70,791	7,73,276	8,20,639	8,40,219	8,58,638	8,69,442	8,42,209	8,03,693	7,32,721	7,64,828
	16	16	8	8	8	8	8	8	8	8	8	8	8	8	8	8	8	8	8	8	7	7	7	7	7	7	7	7	7	7	7	7	7	7	9	8	8	7	7	7
Indian promoters	16	16	8	8	8	8	8	8	8	8	8	8	8	8	8	8	8	8	8	8	7	7	7	7	7	7	7	7	7	7	7	7	7	7	9	8	8	7	7	7
	2,40,091	2,37,400	2,33,551	2,32,183	2,38,362	2,41,994	2,32,726	2,31,207	2,32,456	2,28,269	2,23,934	2,23,017	2,20,572	2,17,548	2,22,867	2,27,654	2,30,824	2,51,124	3,74,189	4,71,570	5,43,580	6,28,744	6,36,065	6,16,554	6,14,940	5,90,684	5,85,639	5,89,474	6,51,778	7,29,528	7,70,783	7,73,268	8,20,631	8,40,211	8,58,628	8,69,433	8,42,200	8,03,685	7,32,713	7,64,820
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	112	115	114	116	121	124	133	131	149	140	145	149	153	140	140	170	182
Foreign portfolio investors, category I	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	112	115	108	112	92	96	101	100	113	106	110	115	117	119	118	141	157
Foreign portfolio investors, category II	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0	0	6	4	4	3	29	28	33	31	32	31	32	19	20	27	24
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0	0	0	0	25	25	3	3	3	3	3	3	4	2	2	2	1
Foreign Bank	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	3	3	1	1	1	–
Qualified Foreign Investors	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	1	1	1	–
Qualified Foreign Investor	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	39	42	40	43	40	41	45	45	53	54	58	59	64	40	43	68	71
Mutual funds	14	14	14	14	14	14	15	15	14	17	14	16	16	16	16	16	17	17	18	18	19	19	21	21	23	23	24	25	27	28	29	31	34	40	39	47	23	24	28	27
Insurance companies	1	1	1	1	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	3	3	3	2	2	2	2	1	1	7	8
Banks	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	6	7	6	7	5	4	4	4	5	4	4	4	5	3	3	3	4
Alternative investment funds	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	–	–	0	0	0	0	0	0	0	0	0	1	2	1	6	5	4	6	3	4	6	21	21
Non-bank lenders registered with RBI	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	10	10	9	10	8	7	8	8	8	9	8	8	7	9	9	9	11
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	1	2	2	2	2	2	1	1	3	4	4	4	3	3	3	3
Central government	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	1	2	2	2	2	2	1	1	3	4	4	4	3	3	3	3
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	6,16,402	6,14,782	5,90,528	5,85,478	5,89,311	6,51,611	7,29,348	7,70,606	7,73,065	8,20,434	8,40,004	8,58,416	8,69,212	8,42,017	8,03,499	7,32,472	7,64,564
Resident individuals, up to ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	6,09,358	6,07,619	5,83,465	5,78,501	5,73,435	6,35,468	7,12,177	7,52,965	7,53,889	8,00,222	8,19,882	8,37,790	8,48,206	8,21,875	7,83,685	7,13,001	7,43,189
Resident individuals, over ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	110	109	112	108	99	100	103	106	115	118	96	101	105	153	174	140	127
Companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	2,236	2,235	2,143	2,085	2,026	2,040	2,053	2,144	2,508	2,485	2,377	2,384	2,390	2,330	2,308	2,414	2,768
Non-resident Indians	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	4,680	4,799	4,787	4,760	4,806	4,857	5,403	5,636	6,140	6,447	6,557	6,654	6,758	5,867	5,862	6,953	7,841
Foreign nationals	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0	0	0	0	0	0	0	0	0	0	0	–	–	–	–	–	1
Investor education fund	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0	0	0	0	0	0	0	0	0	0	0	–	–	1	1	1	1
Directors and their relatives	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0	0	0	2	2	2	2	2	2	2	2	2	2	2	2	2	2
Key managers	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2
Relatives of promoters	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	15	17	18	19	8,940	9,141	9,607	9,750	10,408	11,157	11,087	11,482	11,748	11,786	11,464	9,958	10,632
Clearing Members	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	156	167	172	178	188	187	179	177	173	180	169	170	187
Overseas Corporate Bodies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	4	4	4	4	4	4	4	4	4	4	4	4	4	1	1	1	1
Trusts	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	11	13	14	15	13	12	13	11	13	13	15	15	15	15	16	14	16
Hindu undivided families	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	9,418	9,557	10,203	10,953	10,889	11,286	11,556	11,590	11,278	9,771	10,426
Others	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	8,767	8,958	–	–	–	–	–	–	–	–	–	–	–
Foreign Portfolio Investor (Category - III)	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	2	2
Employee trusts	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1

HFCL 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 MN VENTURES PRIVATE LIMITED, 13.92%. The filing names 74 more members with no shares.Promoter buying and selling

Holder
MN VENTURES PRIVATE LIMITEDIndian companies, trusts and others	13.92%	21,30,77,202	2.35%	0.00%
NEXTWAVE COMMUNICATIONS PRIVATE LIMITEDIndian companies, trusts and others	12.73%	19,48,65,000	0.00%	38.56%
RESOLUTE PROP TRADING PRIVATE LIMITEDIndian companies, trusts and others	1.45%	2,21,50,000	18.06%	0.00%
MAHENDRA NAHATAIndividuals and Hindu undivided families	0.09%	13,35,091	0.00%	0.00%
SATELLITE FINANCE PVT. LTDIndian companies, trusts and others	0.06%	9,71,801	0.00%	100.00%
ANANT NAHATAIndividuals and Hindu undivided families	0.04%	6,45,000	0.00%	0.00%
JAI KUMAR CHORARIAIndividuals and Hindu undivided families	0.00%	500	100.00%	0.00%

Pledged is the share of the holder's own shares pledged to a lender. Some promoter shares are under a non-disposal undertaking: a promise to a lender not to sell them while it stands. Locked in is the share of the holder's own shares that cannot be sold yet, as after a listing or an allotment.

Largest public holders of HFCL, filing by filing

Per cent, on the same shares as the split above.Mutual funds holding HFCL

Holder	Dec 2016Filed 19 Jan	Mar 2017Filed 20 Apr	Jun 2017Filed 20 Jul	Sep 2017Filed 18 Oct	Dec 2017Filed 20 Jan	Mar 2018Filed 20 Apr	Jun 2018Filed 21 Jul	Sep 2018Filed 21 Oct	Dec 2018Filed 17 Jan	Mar 2019Filed 20 Apr	Jun 2019Filed 20 Jul	Sep 2019Filed 19 Oct	Dec 2019Filed 17 Jan	Mar 2020Filed 13 May	Jun 2020Filed 21 Jul	Sep 2020Filed 1 Dec	Dec 2020Filed 19 Jan	Mar 2021Filed 21 Apr	Jun 2021Filed 20 Jul	Sep 2021Filed 21 Oct	Dec 2021Filed 19 Jan	Mar 2022Filed 14 Apr	Jun 2022Filed 14 Jul	Sep 2022Filed 17 Oct	Dec 2022Filed 17 Jan	Mar 2023Filed 19 Apr	Jun 2023Filed 7 Jul	Sep 2023Filed 18 Oct	Dec 2023Filed 17 Jan	Mar 2024Filed 17 Apr	Jun 2024Filed 17 Jul	Sep 2024Filed 18 Oct	Dec 2024Filed 10 Jan	Mar 2025Filed 17 Apr	Jun 2025Filed 21 Jul	Sep 2025Filed 17 Oct	Dec 2025Filed 18 Jan	Mar 2026Filed 19 Apr	Jun 2026Filed 16 Jul	Sep 2026Filed 16 Oct
SMALLCAP WORLD FUND, INCForeign portfolio investors, category I	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	3.02%	3.83%
RELIANCE STRATEGIC BUSINESS VENTURES LIMITEDCompanies	–	–	–	–	–	–	–	–	–	–	–	–	–	3.78%	3.78%	3.78%	3.78%	3.78%	3.78%	3.76%	3.53%	3.53%	3.52%	3.52%	–	3.52%	3.52%	3.40%	3.40%	3.37%	3.36%	3.36%	3.36%	3.36%	3.36%	3.36%	3.17%	3.17%	3.17%	3.17%
Reliance Ventures LimitedNon-bank lenders registered with RBI	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.46%	1.46%	1.46%	1.46%	1.46%	1.46%	1.46%	1.59%	1.59%	1.57%	1.57%	1.57%	1.57%	1.57%	1.57%	1.57%	1.48%	1.48%	1.48%	1.48%
QUADRATURE CAPITAL VECTOR SP LIMITEDForeign portfolio investors, category I	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.15%	–
BNP PARIBAS FINANCIAL MARKETSForeign portfolio investors, category I	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.07%	–
DHWAJA SHARES & SECURITIES PRIVATE LIMITEDOther non-institutions	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.08%	–	–	–	–	–	–	–	1.76%	–	–
MKJ ENTERPRISES LIMITEDCompanies	2.29%	2.29%	3.26%	2.78%	2.64%	2.61%	2.61%	2.71%	2.71%	2.64%	2.77%	2.91%	2.85%	2.64%	2.67%	2.67%	2.67%	2.67%	2.67%	2.56%	2.28%	2.28%	2.28%	2.28%	–	2.12%	1.95%	1.88%	1.88%	1.40%	1.26%	–	–	–	–	–	–	–	–	–
GRD SECURITIES LTD.Companies	–	–	–	–	–	–	–	1.29%	–	–	–	–	–	1.08%	–	1.48%	1.35%	–	1.15%	1.10%	1.00%	–	–	–	–	1.53%	1.29%	1.17%	1.22%	1.06%	–	–	–	–	–	–	–	–	–	–
GOVERNMENT PENSION FUND GLOBALForeign portfolio investors, category I	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.06%	1.29%	1.43%	–	–	–	–	–	–	–	–	–	–	–
AYUSHMAT LTDForeign portfolio investors, category I	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.22%	1.01%	–	–	–	–	–	–	–	–	–	–	–
GLOBE CAPITAL MARKET LIMITEDOther non-institutions	–	–	–	–	–	–	–	–	–	–	–	–	–	–	2.55%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
ORBIS FINANCIAL CORPORATION LIMITEDOther non-institutions	–	–	–	–	–	–	–	–	–	–	–	–	–	1.01%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
RELIANCE INDUSTRIAL INVESTMENTS AND HOLDINGS LTD.Other non-institutions	3.92%	3.92%	3.92%	3.92%	3.92%	3.92%	3.92%	3.92%	3.89%	3.81%	3.78%	3.78%	3.78%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
GLOBE CAPI LIMITEDTAL MARKETOther non-institutions	–	–	–	–	–	–	–	–	–	–	–	–	1.56%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
IDBI BANK LTD.Financial Institution Or Banks	6.99%	6.40%	6.39%	5.14%	3.05%	2.02%	1.32%	1.08%	1.07%	1.05%	1.04%	1.04%	1.04%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
GMO EMERGING DOMESTIC OPPORTUNITIES UNDS, A SInstitutions Foreign Portfolio Investor	–	–	–	–	1.68%	1.68%	1.57%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
GMO EMERGING DOMESTIC OPPORTUNITIES FUND, A SInstitutions Foreign Portfolio Investor	–	–	–	1.68%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–

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. Mutual funds are left out here: each fund's holding is on the Mutual funds tab, from its own portfolio. A dash is a filing that did not name the holder, which includes holding under one per cent.