Pasupati Acrylon shareholders and shareholding pattern

NSE: PASUPTACBSE: 500456Chemicals & PetrochemicalsSmall Cap

₹67.50₹2.10 (3.02%)BSE ₹67.49

Share price at the NSE close on 23 Oct 2026. Previous close ₹69.60.

52-week range of traded prices to 23 Oct 2026

₹40.41Low, 30 Mar 2026₹86.00High, 14 Oct 2026

Market cap: ₹602 Cr1,879th largest listed
P/E: 6.3
P/B: 1.4
Dividend yield: Nonein the last 12 months
ROE: 23.9%
ROCE: 24.2%
Debt to equity: 0.25
Volume, NSE: 3,10,72250.6% delivered

Who owns Pasupati Acrylon, 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

Promoters65.87%
Foreign institutions0.47%
Indian institutions0.23%
Individuals and others33.43%

Shareholding pattern, per cent, from Sep 2022

Promoters
Foreign institutions
Indian institutions
Individuals and others

Per cent	Dec 2016Filed 17 Jan	Mar 2017Filed 21 Apr	Jun 2017Filed 19 Jul	Sep 2017Filed 18 Oct	Dec 2017Filed 20 Jan	Mar 2018Filed 23 Apr	Jun 2018Filed 16 Jul	Sep 2018Filed 20 Oct	Dec 2018Filed 21 Jan	Mar 2019Filed 19 Apr	Jun 2019Filed 20 Jul	Sep 2019Filed 16 Oct	Dec 2019Filed 15 Jan	Mar 2020Filed 12 May	Jun 2020Filed 20 Jul	Sep 2020Filed 10 Oct	Dec 2020Filed 14 Jan	Mar 2021Filed 10 Apr	Jun 2021Filed 20 Jul	Sep 2021Filed 18 Oct	Dec 2021Filed 19 Jan	Mar 2022Filed 12 Apr	Jun 2022Filed 19 Jul	Sep 2022Filed 20 Oct	Dec 2022Filed 10 Jan	Mar 2023Filed 13 Apr	Jun 2023Filed 10 Jul	Sep 2023Filed 11 Oct	Dec 2023Filed 18 Jan	Mar 2024Filed 10 Apr	Jun 2024Filed 15 Jul	Sep 2024Filed 12 Oct	Dec 2024Filed 10 Jan	Mar 2025Filed 7 Apr	Jun 2025Filed 19 Jul	Sep 2025Filed 15 Oct	Dec 2025Filed 15 Jan	Mar 2026Filed 11 Apr	Jun 2026Filed 11 Jul	Sep 2026Filed 19 Oct
	65.87%	65.87%	65.87%	65.87%	65.87%	65.87%	65.87%	65.87%	65.87%	65.87%	65.87%	65.87%	65.87%	65.87%	65.87%	65.87%	65.87%	65.87%	65.87%	65.87%	65.87%	65.87%	65.87%	65.87%	65.87%	65.87%	65.87%	65.87%	65.87%	65.87%	65.87%	65.87%	65.87%	65.87%	65.87%	65.87%	65.87%	65.87%	65.87%	65.87%
Indian promoters	65.87%	65.87%	65.87%	65.87%	65.87%	65.87%	65.87%	65.87%	65.87%	65.87%	65.87%	65.87%	65.87%	65.87%	65.87%	65.87%	65.87%	65.87%	65.87%	65.87%	65.87%	65.87%	65.87%	65.87%	65.87%	65.87%	65.87%	65.87%	65.87%	65.87%	65.87%	65.87%	65.87%	65.87%	65.87%	65.87%	65.87%	65.87%	65.87%	65.87%
	34.13%	34.13%	34.13%	34.13%	34.13%	34.13%	34.13%	34.13%	34.13%	34.13%	34.13%	34.13%	34.13%	34.13%	34.13%	34.13%	34.13%	34.13%	34.13%	34.13%	34.13%	34.13%	34.13%	34.13%	34.13%	34.13%	34.13%	34.13%	34.13%	34.13%	34.13%	34.13%	34.13%	34.13%	34.13%	34.13%	34.13%	34.13%	34.13%	34.13%
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.04%	Under 0.01%	0.00%	0.03%	0.00%	0.53%	0.54%	0.62%	0.55%	0.53%	0.07%	0.08%	Under 0.01%	0.35%	0.47%	0.40%	0.47%
Foreign portfolio investors, category I	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.04%	Under 0.01%	0.00%	0.03%	0.00%	0.06%	0.07%	0.15%	0.08%	0.06%	0.07%	0.08%	–	0.35%	0.47%	0.40%	0.47%
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.00%	0.00%	0.00%	0.00%	0.00%	0.47%	0.47%	0.47%	0.47%	0.47%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%
Foreign Banks	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.21%	0.21%	0.21%	0.21%	0.21%	0.21%	0.21%	0.21%	0.21%	0.21%	0.21%	0.21%	0.21%	0.21%	0.21%	0.23%	0.23%
Mutual funds	0.20%	0.20%	0.20%	0.20%	0.20%	0.20%	0.20%	0.20%	0.20%	0.20%	0.20%	0.20%	0.35%	0.33%	0.32%	0.32%	0.32%	0.32%	0.32%	0.32%	0.20%	0.20%	0.20%	0.20%	0.20%	0.20%	0.20%	0.20%	0.20%	0.20%	0.20%	0.20%	0.20%	0.20%	0.20%	0.20%	0.20%	0.20%	0.20%	0.20%
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%
Alternative investment funds	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	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%	–	–	–	–	0.02%	0.02%
Non-bank lenders registered with RBI	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	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%
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	33.87%	33.92%	33.92%	33.88%	33.92%	33.39%	33.38%	33.30%	33.37%	33.39%	33.85%	33.84%	33.92%	33.57%	33.45%	33.49%	33.43%
Resident individuals, up to ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	23.36%	23.50%	23.54%	23.44%	23.52%	24.05%	24.34%	24.33%	23.75%	22.65%	22.19%	21.48%	21.33%	21.00%	20.80%	20.43%	20.06%
Resident individuals, over ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	6.36%	6.52%	6.56%	6.65%	6.69%	6.02%	5.80%	5.71%	6.24%	6.48%	6.50%	6.85%	7.07%	6.86%	7.24%	7.70%	7.94%
Companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.87%	1.70%	1.62%	1.55%	1.51%	0.99%	1.00%	0.90%	0.78%	1.72%	2.29%	2.54%	2.52%	3.03%	2.72%	2.70%	2.64%
Non-resident Indians	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.03%	0.94%	0.95%	1.00%	1.09%	1.04%	1.00%	1.13%	1.19%	1.20%	1.18%	1.24%	1.29%	1.14%	1.11%	1.09%	1.18%
Foreign companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.47%	0.47%	0.47%	0.47%	0.47%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	0.47%	0.47%	0.47%	0.47%	0.47%	0.47%	0.47%
Directors and their relatives	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.05%	0.05%	0.05%	0.05%	0.05%	0.05%	0.05%
Relatives of promoters	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.05%	0.05%	0.05%	0.05%	0.05%	0.05%	0.05%	0.05%	0.05%	0.05%	0.00%	–	–	–	–	–	–
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.73%	0.73%	0.73%	0.73%	0.60%	1.24%	1.18%	1.18%	1.35%	1.29%	1.18%	1.21%	1.19%	1.03%	1.06%	1.06%	1.09%
Overseas Corporate Bodies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.73%	0.73%	0.73%	0.73%	0.60%	–	–	–	–	–	–	–	–	–	–	–	–
Trusts	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.02%	–
Hindu undivided families	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.94%	0.95%	0.96%	1.13%	1.04%	0.93%	0.96%	0.94%	0.89%	0.93%	0.91%	0.95%
Clearing Members	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.30%	0.23%	0.22%	0.22%	0.25%	0.25%	0.25%	0.25%	0.13%	0.13%	0.12%	0.15%
Promoter shares pledgedShare of the promoters' own shares	25.76%	25.76%	25.76%	25.76%	25.76%	25.76%	25.76%	25.76%	25.76%	25.76%	25.76%	25.76%	25.76%	25.76%	25.76%	25.76%	25.76%	25.76%	25.76%	25.76%	25.76%	25.76%	25.76%	25.76%	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%
Shares in issue	8,91,33,121	8,91,33,121	8,91,33,121	8,91,33,121	8,91,33,121	8,91,33,121	8,91,33,121	8,91,33,121	8,91,33,121	8,91,33,121	8,91,33,121	8,91,33,121	8,91,33,121	8,91,33,121	8,91,33,121	8,91,33,121	8,91,33,121	8,91,33,121	8,91,33,121	8,91,33,121	8,91,33,121	8,91,33,121	8,91,33,121	8,91,33,121	8,91,33,121	8,91,33,121	8,91,33,121	8,91,33,121	8,91,33,121	8,91,33,121	8,91,33,121	8,91,33,121	8,91,33,121	8,91,33,121	8,91,33,121	8,91,33,121	8,91,33,121	8,91,33,121	8,91,33,121	8,91,33,121

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 Pasupati Acrylon shareholders

Shareholders on the company's register in each filing.

Shareholders, filing by filing

Shareholders	Dec 2016Filed 17 Jan	Mar 2017Filed 21 Apr	Jun 2017Filed 19 Jul	Sep 2017Filed 18 Oct	Dec 2017Filed 20 Jan	Mar 2018Filed 23 Apr	Jun 2018Filed 16 Jul	Sep 2018Filed 20 Oct	Dec 2018Filed 21 Jan	Mar 2019Filed 19 Apr	Jun 2019Filed 20 Jul	Sep 2019Filed 16 Oct	Dec 2019Filed 15 Jan	Mar 2020Filed 12 May	Jun 2020Filed 20 Jul	Sep 2020Filed 10 Oct	Dec 2020Filed 14 Jan	Mar 2021Filed 10 Apr	Jun 2021Filed 20 Jul	Sep 2021Filed 18 Oct	Dec 2021Filed 19 Jan	Mar 2022Filed 12 Apr	Jun 2022Filed 19 Jul	Sep 2022Filed 20 Oct	Dec 2022Filed 10 Jan	Mar 2023Filed 13 Apr	Jun 2023Filed 10 Jul	Sep 2023Filed 11 Oct	Dec 2023Filed 18 Jan	Mar 2024Filed 10 Apr	Jun 2024Filed 15 Jul	Sep 2024Filed 12 Oct	Dec 2024Filed 10 Jan	Mar 2025Filed 7 Apr	Jun 2025Filed 19 Jul	Sep 2025Filed 15 Oct	Dec 2025Filed 15 Jan	Mar 2026Filed 11 Apr	Jun 2026Filed 11 Jul	Sep 2026Filed 19 Oct
All shareholders	58,418	58,329	57,822	57,677	57,544	58,007	57,692	57,652	57,451	57,070	56,523	56,246	55,841	55,545	55,676	55,626	55,018	54,402	54,502	56,218	58,660	63,839	63,473	63,606	63,358	62,745	62,430	63,652	65,320	67,403	66,861	68,410	66,802	67,032	65,623	64,849	64,730	63,831	63,744	63,213
	14	14	14	14	14	14	14	14	14	14	14	14	14	14	14	14	14	14	14	14	14	13	13	13	13	13	13	13	13	13	13	13	13	13	13	13	10	10	10	10
Indian promoters	14	14	14	14	14	14	14	14	14	14	14	14	14	14	14	14	14	14	14	14	14	13	13	13	13	13	13	13	13	13	13	13	13	13	13	13	10	10	10	10
	58,404	58,315	57,808	57,663	57,530	57,993	57,678	57,638	57,437	57,056	56,509	56,232	55,827	55,531	55,662	55,612	55,004	54,388	54,488	56,204	58,646	63,826	63,460	63,593	63,345	62,732	62,417	63,639	65,307	67,390	66,848	68,397	66,789	67,019	65,610	64,836	64,720	63,821	63,734	63,203
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	2	2	0	1	0	5	6	5	6	6	4	3	1	3	4	3	3
Foreign portfolio investors, category I	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	2	2	0	1	0	2	3	2	3	3	3	2	–	2	3	2	2
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0	0	0	0	0	3	3	3	3	3	1	1	1	1	1	1	1
Foreign Banks	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	1	1	1	1	1
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	14	14	14	14	14	12	12	12	12	12	12	12	12	12	12	13	13
Mutual funds	7	7	7	7	7	7	7	7	7	7	7	7	8	8	8	8	8	8	8	8	7	7	7	7	7	7	7	7	7	7	7	7	7	7	7	7	7	7	7	7
Banks	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	6	6	6	6	6	4	4	4	4	4	4	4	4	4	4	4	4
Alternative investment funds	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0	0	0	0	0	0	0	0	0	0	0	0	0	0	–	–	–	–	1	1
Non-bank lenders registered with RBI	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	63,577	63,329	62,718	62,402	63,625	65,290	67,372	66,831	68,379	66,771	67,003	65,595	64,823	64,705	63,805	63,718	63,187
Resident individuals, up to ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	62,312	62,079	61,484	61,160	62,336	63,524	65,642	65,074	66,597	65,024	65,287	63,883	63,117	63,003	62,113	61,988	61,446
Resident individuals, over ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	89	94	92	98	94	83	79	77	83	86	85	90	95	79	83	90	91
Companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	362	346	338	328	325	307	296	299	300	299	291	289	289	293	290	303	303
Non-resident Indians	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	809	805	799	811	865	865	862	871	888	882	889	881	879	885	865	886	888
Foreign companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	2	2	2	2	2	1	1	1	1	1	3	3	3	3	3	3	3
Directors and their relatives	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0	0	0	0	0	0	0	0	0	0	1	1	1	1	1	1	1
Relatives of promoters	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	1	1	1	1	1	1	1	1	1	0	–	–	–	–	–	–
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	2	2	2	2	2	509	491	508	509	478	447	448	439	441	450	447	455
Overseas Corporate Bodies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	2	2	2	2	2	–	–	–	–	–	–	–	–	–	–	–	–
Trusts	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	–
Hindu undivided families	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	482	467	482	479	455	428	428	419	421	431	424	433
Clearing Members	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	27	24	26	30	23	19	20	20	20	19	22	22

Pasupati Acrylon 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 VINEET JAIN, 18.91%.Promoter buying and selling

Holder
VINEET JAINIndividuals and Hindu undivided families	18.91%	1,68,51,654
GURUKRIPA FINVEST PRIVATE LIMITEDIndian companies, trusts and others	10.10%	90,00,000
SULABH PLANTATION & FINANCE PVT. LTDIndian companies, trusts and others	9.26%	82,50,000
ARIHANT EXPORTS PRIVATE LIMITEDIndian companies, trusts and others	6.48%	57,78,697
SHUBH EXIM LIMITEDIndian companies, trusts and others	5.05%	45,00,000
THE PRADESHIYA INDUSTRIAL AND INVESTMENT CORPORATION OF U.P. LTDIndian financial institutions and banks	5.03%	44,81,752
SIND WAVE FINANCE SERVICES PVT LTDIndian companies, trusts and others	4.49%	40,00,000
PRABHAT CAPITAL SERVICES LTDIndian companies, trusts and others	3.93%	35,00,000
ACCUREX TRADERS PRIVATE LIMITEDIndian companies, trusts and others	1.96%	17,50,000
VINOD KUMAR JAIN HUF (VINEET JAIN)Individuals and Hindu undivided families	0.68%	6,03,342

No promoter shares are reported as pledged.

Largest public holders of Pasupati Acrylon, filing by filing

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

Holder	Dec 2016Filed 17 Jan	Mar 2017Filed 21 Apr	Jun 2017Filed 19 Jul	Sep 2017Filed 18 Oct	Dec 2017Filed 20 Jan	Mar 2018Filed 23 Apr	Jun 2018Filed 16 Jul	Sep 2018Filed 20 Oct	Dec 2018Filed 21 Jan	Mar 2019Filed 19 Apr	Jun 2019Filed 20 Jul	Sep 2019Filed 16 Oct	Dec 2019Filed 15 Jan	Mar 2020Filed 12 May	Jun 2020Filed 20 Jul	Sep 2020Filed 10 Oct	Dec 2020Filed 14 Jan	Mar 2021Filed 10 Apr	Jun 2021Filed 20 Jul	Sep 2021Filed 18 Oct	Dec 2021Filed 19 Jan	Mar 2022Filed 12 Apr	Jun 2022Filed 19 Jul	Sep 2022Filed 20 Oct	Dec 2022Filed 10 Jan	Mar 2023Filed 13 Apr	Jun 2023Filed 10 Jul	Sep 2023Filed 11 Oct	Dec 2023Filed 18 Jan	Mar 2024Filed 10 Apr	Jun 2024Filed 15 Jul	Sep 2024Filed 12 Oct	Dec 2024Filed 10 Jan	Mar 2025Filed 7 Apr	Jun 2025Filed 19 Jul	Sep 2025Filed 15 Oct	Dec 2025Filed 15 Jan	Mar 2026Filed 11 Apr	Jun 2026Filed 11 Jul	Sep 2026Filed 19 Oct
SATURN DESS PRIVATE LIMITEDCompanies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.43%	1.43%	1.43%	1.43%	1.43%	1.10%	1.08%
CEREX TRADING (U.K.) LTD.Other non-institutions	1.01%	1.01%	1.01%	1.01%	1.01%	1.01%	1.01%	1.01%	1.01%	1.01%	1.01%	1.01%	1.01%	1.01%	1.01%	1.01%	1.01%	1.01%	1.01%	1.01%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–

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.