Mercantile Ventures shareholders and shareholding pattern

NSE: MERCANTILEBSE: 538942Commercial Services & SuppliesSmall Cap

₹21.08₹1.75 (7.67%)BSE ₹20.90

Share price at the NSE close on 23 Oct 2026. Previous close ₹22.83.

52-week range of BSE trades to 23 Oct 2026

₹17.50Low, 30 Mar 2026₹32.64High, 11 May 2026

Market cap: ₹236 Cr2,213th largest listed
P/E: Owners' profit not stated
P/B: 0.9
Dividend yield: Nonein the last 12 months
ROCE: −0.1%
Debt to equity: 0.00
Volume, NSE: 4,70573.7% delivered

Who owns Mercantile Ventures, 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

Promoters72.65%
Indian institutions0.01%
Individuals and others27.34%

Shareholding pattern, per cent, from Sep 2022

Promoters
Indian institutions
Individuals and others

Per cent	Dec 2016Filed 19 Jan	Mar 2017Filed 13 Apr	Jun 2017Filed 13 Jul	Sep 2017Filed 16 Oct	Dec 2017Filed 13 Jan	Mar 2018Filed 2 May	Jun 2018Filed 19 Jul	Sep 2018Filed 15 Oct	Dec 2018Filed 25 Jan	Mar 2019Filed 16 May	Jun 2019Filed 21 Jul	Sep 2019Filed 10 Oct	Dec 2019Filed 11 Jan	Mar 2020Filed 24 Apr	Jun 2020Filed 15 Jul	Sep 2020Filed 14 Oct	Dec 2020Filed 11 Jan	Mar 2021Filed 14 Apr	Jun 2021Filed 29 Jul	Sep 2021Filed 18 Oct	Dec 2021Filed 3 Mar	Mar 2022Filed 24 Jun	Jun 2022Filed 18 Jul	Sep 2022Filed 25 Nov	Dec 2022Filed 20 Jan	Mar 2023Filed 21 Apr	Jun 2023Filed 19 Jul	Sep 2023Filed 17 Oct	Dec 2023Filed 27 Mar	Mar 2024Filed 19 Apr	Jun 2024Filed 21 Jul	Sep 2024Filed 21 Oct	Dec 2024Filed 20 Jan	Mar 2025Filed 21 Apr	Jun 2025Filed 21 Jul	Sep 2025Filed 21 Oct	Dec 2025Filed 20 Jan	Mar 2026Filed 16 Apr	Jun 2026Filed 21 Jul	Sep 2026Filed 21 Oct
	65.98%	61.70%	63.17%	63.17%	63.17%	63.17%	63.17%	69.90%	69.90%	64.71%	64.71%	64.71%	64.71%	64.71%	64.71%	64.71%	64.71%	64.71%	64.71%	64.71%	64.71%	69.43%	69.43%	69.43%	69.43%	72.75%	72.75%	72.75%	72.75%	72.75%	72.75%	72.75%	72.75%	72.75%	72.75%	72.75%	72.75%	72.75%	72.75%	72.65%
Indian promoters	53.26%	48.97%	50.44%	50.44%	50.44%	50.44%	50.44%	57.17%	57.17%	51.98%	51.98%	51.98%	51.98%	51.98%	51.98%	51.98%	51.98%	51.98%	51.98%	51.98%	51.98%	56.70%	56.70%	56.70%	56.70%	60.02%	60.02%	60.03%	60.03%	60.03%	60.03%	60.03%	60.03%	60.03%	60.03%	60.03%	60.03%	60.03%	60.03%	59.94%
Foreign promoters	12.73%	12.73%	12.73%	12.73%	12.73%	12.73%	12.73%	12.73%	12.73%	12.73%	12.73%	12.73%	12.73%	12.73%	12.73%	12.73%	12.73%	12.73%	12.73%	12.73%	12.73%	12.73%	12.73%	12.73%	12.73%	12.73%	12.73%	12.73%	12.73%	12.73%	12.73%	12.73%	12.73%	12.73%	12.73%	12.73%	12.73%	12.73%	12.73%	12.71%
	34.02%	38.30%	36.83%	36.83%	36.83%	36.83%	36.83%	30.10%	30.10%	35.29%	35.29%	35.29%	35.29%	35.29%	35.29%	35.29%	35.29%	35.29%	35.29%	35.29%	35.29%	30.57%	30.57%	30.57%	30.57%	27.25%	27.25%	27.25%	27.25%	27.25%	27.25%	27.25%	27.25%	27.25%	27.25%	27.25%	27.25%	27.25%	27.25%	27.35%
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	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%	0.01%
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%
Other financial institutions	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.00%	–	–	0.01%
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	30.57%	30.57%	27.25%	27.25%	27.25%	27.25%	27.25%	27.25%	27.25%	27.25%	27.25%	27.25%	27.25%	27.25%	27.25%	27.25%	27.34%
Resident individuals, up to ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	9.18%	9.17%	9.13%	9.14%	9.12%	9.11%	9.20%	9.17%	9.11%	9.08%	9.02%	9.02%	8.93%	8.92%	8.92%	8.89%	8.89%
Resident individuals, over ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.32%	0.32%	0.35%	0.37%	0.38%	0.38%	0.29%	0.31%	0.35%	0.41%	0.46%	0.47%	0.52%	0.52%	0.53%	0.52%	0.52%
Companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	20.99%	21.00%	17.69%	17.68%	17.67%	17.67%	17.68%	17.68%	17.71%	17.68%	17.69%	17.69%	17.71%	17.71%	17.72%	17.75%	17.84%
Non-resident Indians	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.02%	0.02%	0.02%	0.02%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.04%	0.04%	0.04%	0.04%	0.04%
Key managers	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	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%
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.06%	0.06%	0.06%	0.04%	0.04%	0.05%	0.05%	0.06%	0.04%	0.04%	0.04%	0.04%	0.05%	0.05%	0.05%	0.05%	0.05%
Clearing Members	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	Under 0.01%	–	Under 0.01%	–	–	–	–	–	–	–	–	–	–	–	–	–
Hindu undivided families	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.06%	0.06%	0.06%	0.04%	0.04%	0.05%	0.05%	0.05%	0.04%	0.04%	0.04%	0.04%	0.05%	0.05%	0.05%	0.05%	0.05%
Trusts	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	Under 0.01%	Under 0.01%	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%	Under 0.01%	Under 0.01%	Under 0.01%
Shares in issue	11,19,18,195	11,19,18,195	11,19,18,195	11,19,18,195	11,19,18,195	11,19,18,195	11,19,18,195	11,19,18,195	11,19,18,195	11,19,18,195	11,19,18,195	11,19,18,195	11,19,18,195	11,19,18,195	11,19,18,195	11,19,18,195	11,19,18,195	11,19,18,195	11,19,18,195	11,19,18,195	11,19,18,195	11,19,18,195	11,19,18,195	11,19,18,195	11,19,18,195	11,19,18,195	11,19,18,195	11,19,18,195	11,19,18,195	11,19,18,195	11,19,18,195	11,19,18,195	11,19,18,195	11,19,18,195	11,19,18,195	11,19,18,195	11,19,18,195	11,19,18,195	11,19,18,195	11,20,71,356

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 Mercantile Ventures shareholders

Shareholders on the company's register in each filing.

Shareholders, filing by filing

Shareholders	Dec 2016Filed 19 Jan	Mar 2017Filed 13 Apr	Jun 2017Filed 13 Jul	Sep 2017Filed 16 Oct	Dec 2017Filed 13 Jan	Mar 2018Filed 2 May	Jun 2018Filed 19 Jul	Sep 2018Filed 15 Oct	Dec 2018Filed 25 Jan	Mar 2019Filed 16 May	Jun 2019Filed 21 Jul	Sep 2019Filed 10 Oct	Dec 2019Filed 11 Jan	Mar 2020Filed 24 Apr	Jun 2020Filed 15 Jul	Sep 2020Filed 14 Oct	Dec 2020Filed 11 Jan	Mar 2021Filed 14 Apr	Jun 2021Filed 29 Jul	Sep 2021Filed 18 Oct	Dec 2021Filed 3 Mar	Mar 2022Filed 24 Jun	Jun 2022Filed 18 Jul	Sep 2022Filed 25 Nov	Dec 2022Filed 20 Jan	Mar 2023Filed 21 Apr	Jun 2023Filed 19 Jul	Sep 2023Filed 17 Oct	Dec 2023Filed 27 Mar	Mar 2024Filed 19 Apr	Jun 2024Filed 21 Jul	Sep 2024Filed 21 Oct	Dec 2024Filed 20 Jan	Mar 2025Filed 21 Apr	Jun 2025Filed 21 Jul	Sep 2025Filed 21 Oct	Dec 2025Filed 20 Jan	Mar 2026Filed 16 Apr	Jun 2026Filed 21 Jul	Sep 2026Filed 21 Oct
All shareholders	53,663	53,545	53,408	53,207	52,987	52,858	52,805	52,131	51,770	51,400	51,214	51,138	51,038	50,950	51,013	51,177	51,176	50,987	51,012	50,931	51,324	51,334	51,284	51,163	51,167	51,062	50,953	51,234	51,044	51,128	50,915	50,896	50,894	50,819	50,729	50,668	50,562	50,488	50,547	50,745
	14	14	14	14	14	14	14	14	14	13	13	13	13	13	13	13	13	13	13	13	12	13	13	13	13	12	12	12	12	12	12	12	12	12	12	11	11	11	11	11
Indian promoters	11	11	11	11	11	11	11	11	11	10	10	10	10	10	10	10	10	10	10	10	9	10	10	10	10	9	9	9	9	9	9	9	9	9	9	8	8	8	8	8
Foreign promoters	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	3	3	3	3	3	3
	53,649	53,531	53,394	53,193	52,973	52,844	52,791	52,117	51,756	51,387	51,201	51,125	51,025	50,937	51,000	51,164	51,163	50,974	50,999	50,918	51,312	51,321	51,271	51,150	51,154	51,050	50,941	51,222	51,032	51,116	50,903	50,884	50,882	50,807	50,717	50,657	50,551	50,477	50,536	50,734
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	2
Banks	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
Other financial institutions	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0	–	–	1
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	51,149	51,153	51,049	50,940	51,221	51,031	51,115	50,902	50,883	50,881	50,806	50,716	50,656	50,550	50,476	50,535	50,732
Resident individuals, up to ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	50,856	50,863	50,753	50,640	50,917	50,727	50,814	50,601	50,586	50,579	50,504	50,411	50,344	50,236	50,159	50,212	50,401
Resident individuals, over ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	6	6	7	7	7	7	4	5	7	10	11	11	12	12	12	12	12
Companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	189	189	188	188	187	187	188	188	190	190	190	190	193	191	191	195	198
Non-resident Indians	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	45	45	48	52	59	58	58	53	51	52	51	51	55	57	58	63	65
Key managers	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	52	49	52	52	50	51	50	54	48	49	49	52	51	53	55	52	55
Clearing Members	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	5	2	–	1	–	–	–	–	–	–	–	–	–	–	–	–	–
Hindu undivided families	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	46	46	50	49	49	50	50	53	48	48	48	51	50	52	54	51	54
Trusts	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	1	2	2	1	1	–	–	–	–	–	–	–	–	–	–	–
LLP	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	1	1	1	1	1	1	1

Mercantile Ventures 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 TRINITY AUTO POINTS LTD, 31.54%.Promoter buying and selling

Holder
TRINITY AUTO POINTS LTDIndian companies, trusts and others	31.54%	3,53,52,000	3,53,52,000
SOUTH INDIA TRAVELS PVT LTDIndian companies, trusts and others	16.61%	1,86,12,096	1,86,12,096
RANFORD INVESTMENTS LTDForeign companies and others	6.97%	78,07,955	78,07,955
SICAGEN INDIA LIMITEDIndian companies, trusts and others	6.89%	77,23,005	77,23,005
DARNOLLY INVESTMENTS LTDForeign companies and others	5.74%	64,37,000	64,37,000
TWINSHIELD CONSULTANTS PRIVATE LIMITEDIndian companies, trusts and others	4.71%	52,81,899	52,81,899
FIRST LEASING CO OF INDIA LTDIndian companies, trusts and others	0.16%	1,77,250	0
AL VADIVELUIndividuals and Hindu undivided families	0.01%	8,144	8,144
A C MUTHIAHIndividuals and Hindu undivided families	0.01%	13,068	13,068
NAVIA MARKETS LIMITEDIndian companies, trusts and others	0.01%	11,600	11,600
ASHWIN C MUTHIAHNon-resident and foreign individuals	0.00%	230	230

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 Mercantile Ventures, filing by filing

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

Holder	Dec 2016Filed 19 Jan	Mar 2017Filed 13 Apr	Jun 2017Filed 13 Jul	Sep 2017Filed 16 Oct	Dec 2017Filed 13 Jan	Mar 2018Filed 2 May	Jun 2018Filed 19 Jul	Sep 2018Filed 15 Oct	Dec 2018Filed 25 Jan	Mar 2019Filed 16 May	Jun 2019Filed 21 Jul	Sep 2019Filed 10 Oct	Dec 2019Filed 11 Jan	Mar 2020Filed 24 Apr	Jun 2020Filed 15 Jul	Sep 2020Filed 14 Oct	Dec 2020Filed 11 Jan	Mar 2021Filed 14 Apr	Jun 2021Filed 29 Jul	Sep 2021Filed 18 Oct	Dec 2021Filed 3 Mar	Mar 2022Filed 24 Jun	Jun 2022Filed 18 Jul	Sep 2022Filed 25 Nov	Dec 2022Filed 20 Jan	Mar 2023Filed 21 Apr	Jun 2023Filed 19 Jul	Sep 2023Filed 17 Oct	Dec 2023Filed 27 Mar	Mar 2024Filed 19 Apr	Jun 2024Filed 21 Jul	Sep 2024Filed 21 Oct	Dec 2024Filed 20 Jan	Mar 2025Filed 21 Apr	Jun 2025Filed 21 Jul	Sep 2025Filed 21 Oct	Dec 2025Filed 20 Jan	Mar 2026Filed 16 Apr	Jun 2026Filed 21 Jul	Sep 2026Filed 21 Oct
SOUTHERN PETROCHEMICAL INDUSTRIES CORPORATIONLIMITEDCompanies	8.24%	8.24%	8.24%	8.24%	8.24%	8.24%	8.24%	8.24%	8.24%	13.43%	13.43%	13.43%	13.43%	13.43%	13.43%	13.43%	13.43%	13.43%	13.43%	13.43%	13.43%	13.43%	13.43%	13.43%	13.43%	13.43%	13.43%	13.43%	–	–	13.43%	13.43%	–	13.43%	–	13.43%	–	13.43%	13.43%	13.41%
SPIC GROUP COMPANIES EMPLOYEES WELFARE FOUNDATIONCompanies	2.03%	2.03%	2.03%	2.03%	2.03%	2.03%	2.03%	2.03%	2.03%	2.03%	2.03%	2.03%	2.03%	2.03%	2.03%	2.03%	2.03%	2.03%	2.03%	2.03%	2.03%	2.03%	2.03%	2.03%	2.03%	2.03%	2.03%	2.03%	2.03%	2.03%	2.03%	2.03%	2.03%	2.03%	2.03%	2.03%	2.03%	2.03%	2.03%	2.03%
SPIC OFFICERS AND STAFF WELFARE FOUNDATIONCompanies	1.84%	1.84%	1.84%	1.84%	1.84%	1.84%	1.84%	1.84%	1.84%	1.84%	1.84%	1.84%	1.84%	1.84%	1.84%	1.84%	1.84%	1.84%	1.84%	1.84%	1.84%	1.84%	1.84%	1.84%	1.84%	1.84%	1.84%	1.84%	1.84%	1.84%	1.84%	1.84%	1.84%	1.84%	1.84%	1.84%	1.84%	1.84%	1.84%	1.84%
SOUTHERN PETROCHEMICAL INDUSTRIES CORPORATION LIMITEDCompanies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	13.43%	13.43%	–	–	13.43%	–	13.43%	–	13.43%	–	–	–
SOUTH INDIA HOUSE ESTATES AND PROPERTIES LIMITEDCompanies	3.32%	3.32%	3.32%	3.32%	3.32%	3.32%	3.32%	3.32%	3.32%	3.32%	3.32%	3.32%	3.32%	3.32%	3.32%	3.32%	3.32%	3.32%	3.32%	3.32%	3.32%	3.32%	3.32%	3.32%	3.32%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
ALYX ENTERPRISES PVT LTDOther non-institutions	–	–	1.87%	1.87%	1.87%	1.87%	1.87%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
ARMENIAN VENTURES LTDOther non-institutions	–	–	1.07%	1.35%	1.35%	1.35%	1.35%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
RIPON INVESTMENTS PRIVATE LTDOther non-institutions	1.87%	1.87%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
MANALI PETROCHEMICALS LIMITEDOther non-institutions	1.47%	1.47%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
ARMENIAN INVESTMENTS LTDOther non-institutions	–	1.07%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–

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.