Punjab Communications shareholders and shareholding pattern

BSE: 500346Telecom - Equipment & AccessoriesSmall Cap

₹52.48₹0.64 (1.20%)

Share price at the BSE close on 23 Oct 2026. Previous close ₹53.12.

52-week range of traded prices to 23 Oct 2026

₹40.10Low, 1 Apr 2026₹74.01High, 19 Nov 2025

Market cap: ₹63 Cr3,245th largest listed
P/E: 11.5
P/B: 2.1
Dividend yield: Nonein the last 12 months
ROE: 18.6%
ROCE: −14.0%
Debt to equity: 0.03
Volume, BSE: 23

Who owns Punjab Communications, 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

Promoters71.28%
Foreign institutions4.78%
Indian institutions0.02%
Individuals and others23.91%

Shareholding pattern, per cent, from Sep 2022

Promoters
Foreign institutions
Indian institutions
Individuals and others

Per cent	Dec 2016Filed 11 Jan	Mar 2017Filed 12 Apr	Jun 2017Filed 12 Jul	Sep 2017Filed 13 Oct	Dec 2017Filed 17 Jan	Jun 2018Filed 17 Jul	Dec 2018Filed 9 Jan	Mar 2019Filed 11 Apr	Jun 2019Filed 11 Jul	Sep 2019Filed 11 Oct	Dec 2019Filed 10 Jan	Mar 2020Filed 13 May	Jun 2020Filed 15 Jul	Sep 2020Filed 12 Oct	Dec 2020Filed 12 Jan	Mar 2021Filed 9 Apr	Jun 2021Filed 16 Jul	Sep 2021Filed 19 Oct	Dec 2021Filed 14 Jan	Mar 2022Filed 13 Apr	Jun 2022Filed 14 Jul	Sep 2022Filed 20 Oct	Dec 2022Filed 13 Jan	Mar 2023Filed 11 Apr	Jun 2023Filed 12 Jul	Sep 2023Filed 13 Oct	Dec 2023Filed 12 Jan	Mar 2024Filed 12 Apr	Jun 2024Filed 8 Jul	Sep 2024Filed 10 Oct	Dec 2024Filed 16 Jan	Mar 2025Filed 7 Apr	Jun 2025Filed 15 Jul	Sep 2025Filed 4 Nov	Dec 2025Filed 16 Jan	Mar 2026Filed 16 Apr	Jun 2026Filed 8 Jul	Sep 2026Filed 9 Oct
	71.28%	71.28%	71.28%	71.28%	71.28%	71.28%	71.28%	71.28%	71.28%	71.28%	71.28%	71.28%	71.28%	71.28%	71.28%	71.28%	71.28%	71.28%	71.28%	71.28%	71.28%	71.28%	71.28%	71.28%	71.28%	71.28%	71.28%	71.28%	71.28%	71.28%	71.28%	71.28%	71.28%	71.28%	71.28%	71.28%	71.28%	71.28%
Indian promoters	71.28%	71.28%	71.28%	71.28%	71.28%	71.28%	71.28%	71.28%	71.28%	71.28%	71.28%	71.28%	71.28%	71.28%	71.28%	71.28%	71.28%	71.28%	71.28%	71.28%	71.28%	71.28%	71.28%	71.28%	71.28%	71.28%	71.28%	71.28%	71.28%	71.28%	71.28%	71.28%	71.28%	71.28%	71.28%	71.28%	71.28%	71.28%
	28.72%	28.72%	28.72%	28.72%	28.72%	28.72%	28.72%	28.72%	28.72%	28.72%	28.72%	28.72%	28.72%	28.72%	28.72%	28.72%	28.72%	28.72%	28.72%	28.72%	28.72%	28.72%	28.72%	28.72%	28.72%	28.72%	28.72%	28.72%	28.72%	28.72%	28.72%	28.72%	28.72%	28.72%	28.72%	28.72%	28.72%	28.72%
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	4.78%	4.78%	4.78%	4.78%	4.78%	4.78%	4.78%	4.78%	4.78%	4.78%	4.78%	4.78%	4.78%	4.78%	4.78%	4.78%	4.78%
Foreign portfolio investors, category I	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	4.78%	4.78%	4.78%	4.78%	4.78%	4.78%	4.78%	4.78%	4.78%	4.78%	4.78%	4.78%	4.78%	4.78%	4.78%	4.78%	4.78%
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.25%	0.25%	0.25%	0.25%	0.25%	0.25%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%
Mutual funds	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	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%	0.01%	0.01%	0.01%
Insurance companies	0.05%	0.05%	0.05%	0.05%	0.05%	0.05%	0.05%	0.05%	0.05%	0.05%	0.05%	0.05%	0.05%	0.05%	0.05%	0.05%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.00%	0.00%	–	0.00%	–
Banks	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.24%	0.24%	0.24%	0.24%	0.24%	0.24%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	23.69%	23.69%	23.69%	23.69%	23.69%	23.69%	23.91%	23.91%	23.91%	23.91%	23.91%	23.91%	23.91%	23.91%	23.91%	23.91%	23.91%
Resident individuals, up to ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	15.94%	16.11%	15.71%	15.61%	15.60%	15.46%	15.29%	15.30%	15.54%	15.37%	15.18%	14.46%	14.61%	14.20%	14.26%	14.07%	13.97%
Resident individuals, over ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	4.42%	4.40%	4.74%	4.84%	4.85%	5.10%	5.47%	5.54%	5.27%	5.44%	5.62%	6.31%	6.13%	6.55%	6.53%	6.70%	6.81%
Companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	2.66%	2.66%	2.66%	2.65%	2.62%	2.51%	2.47%	2.46%	2.47%	2.46%	2.45%	2.45%	2.46%	2.45%	2.45%	2.45%	2.45%
Non-resident Indians	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.05%	0.06%	0.06%	0.07%	0.06%	0.06%	0.07%	0.07%	0.07%	0.07%	0.07%	0.07%	0.07%	0.12%	0.07%	0.07%	0.07%
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%
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.61%	0.45%	0.52%	0.52%	0.55%	0.55%	0.62%	0.54%	0.57%	0.57%	0.59%	0.62%	0.65%	0.59%	0.61%	0.62%	0.62%
Clearing Members	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.02%	Under 0.01%	0.03%	–	–	0.03%	0.07%	0.03%	0.03%	0.03%	0.03%	0.04%	0.04%	0.03%	0.03%	0.03%	0.03%
Hindu undivided families	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.57%	0.45%	0.49%	0.52%	0.55%	0.52%	0.55%	0.51%	0.54%	0.54%	0.56%	0.57%	0.60%	0.56%	0.57%	0.59%	0.59%
Unclaimed or Suspense or Escrow Account	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	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%
Non-Resident Indian (NRI)	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.01%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Employees	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	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%
LLP	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%
Shares in issue	1,20,23,565	1,20,23,565	1,20,23,565	1,20,23,565	1,20,23,565	1,20,23,565	1,20,23,565	1,20,23,565	1,20,23,565	1,20,23,565	1,20,23,565	1,20,23,565	1,20,23,565	1,20,23,565	1,20,23,565	1,20,23,565	1,20,23,565	1,20,23,565	1,20,23,565	1,20,23,565	1,20,23,565	1,20,23,565	1,20,23,565	1,20,23,565	1,20,23,565	1,20,23,565	1,20,23,565	1,20,23,565	1,20,23,565	1,20,23,565	1,20,23,565	1,20,23,565	1,20,23,565	1,20,23,565	1,20,23,565	1,20,23,565	1,20,23,565	1,20,23,565

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 Punjab Communications shareholders

Shareholders on the company's register in each filing.

Shareholders, filing by filing

Shareholders	Dec 2016Filed 11 Jan	Mar 2017Filed 12 Apr	Jun 2017Filed 12 Jul	Sep 2017Filed 13 Oct	Dec 2017Filed 17 Jan	Jun 2018Filed 17 Jul	Dec 2018Filed 9 Jan	Mar 2019Filed 11 Apr	Jun 2019Filed 11 Jul	Sep 2019Filed 11 Oct	Dec 2019Filed 10 Jan	Mar 2020Filed 13 May	Jun 2020Filed 15 Jul	Sep 2020Filed 12 Oct	Dec 2020Filed 12 Jan	Mar 2021Filed 9 Apr	Jun 2021Filed 16 Jul	Sep 2021Filed 19 Oct	Dec 2021Filed 14 Jan	Mar 2022Filed 13 Apr	Jun 2022Filed 14 Jul	Sep 2022Filed 20 Oct	Dec 2022Filed 13 Jan	Mar 2023Filed 11 Apr	Jun 2023Filed 12 Jul	Sep 2023Filed 13 Oct	Dec 2023Filed 12 Jan	Mar 2024Filed 12 Apr	Jun 2024Filed 8 Jul	Sep 2024Filed 10 Oct	Dec 2024Filed 16 Jan	Mar 2025Filed 7 Apr	Jun 2025Filed 15 Jul	Sep 2025Filed 4 Nov	Dec 2025Filed 16 Jan	Mar 2026Filed 16 Apr	Jun 2026Filed 8 Jul	Sep 2026Filed 9 Oct
All shareholders	10,964	10,851	10,762	10,769	10,608	10,507	10,415	10,384	10,348	10,329	10,313	10,273	10,265	10,197	10,097	10,038	10,514	10,349	10,307	10,172	10,098	10,060	10,067	10,023	9,972	9,868	9,800	9,841	9,881	9,968	10,105	10,138	10,087	10,059	9,932	9,884	9,875	9,810
	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
Indian 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
	10,961	10,848	10,759	10,766	10,605	10,504	10,412	10,381	10,345	10,326	10,310	10,270	10,262	10,194	10,094	10,035	10,511	10,346	10,304	10,169	10,095	10,057	10,064	10,020	9,969	9,865	9,797	9,838	9,878	9,965	10,102	10,135	10,084	10,056	9,929	9,881	9,872	9,807
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
Foreign portfolio investors, category I	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	14	14	14	14	14	14	13	13	13	13	13	13	13	13	13	13	13
Mutual funds	7	7	7	7	7	7	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	6	6	6	6	6
Insurance companies	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0	0	–	0	–
Banks	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	8	8	8	8	8	8	7	7	7	7	7	7	7	7	7	7	7
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	10,042	10,049	10,005	9,954	9,850	9,782	9,824	9,864	9,951	10,088	10,121	10,070	10,042	9,915	9,867	9,858	9,793
Resident individuals, up to ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	9,686	9,697	9,652	9,603	9,508	9,446	9,485	9,530	9,617	9,754	9,786	9,731	9,704	9,579	9,531	9,518	9,459
Resident individuals, over ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	10	10	12	12	11	11	10	9	8	9	9	11	10	10	9	10	9
Companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	183	183	183	182	180	173	169	169	169	168	167	166	166	164	163	163	161
Non-resident Indians	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	13	29	29	32	29	29	33	33	34	34	35	35	36	37	37	40	41
Key managers	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	149	129	128	124	121	122	126	122	122	122	123	126	125	124	126	126	122
Clearing Members	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	6	3	5	–	–	4	5	4	4	4	4	6	6	5	6	4	4
Hindu undivided families	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	126	125	122	123	120	117	120	114	114	114	115	115	114	115	116	118	114
Unclaimed or Suspense or Escrow Account	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
Non-Resident Indian (NRI)	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	16	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Employees	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	3	3	3	3	3	3	2	2	2	2
LLP	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	1	1	1	1	1

Punjab Communications 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 PUNJAB INFORMATION AND COMMUNICATION TECHNOLOGY CORPORATION LIMITED, 71.12%.

Holder
PUNJAB INFORMATION AND COMMUNICATION TECHNOLOGY CORPORATION LIMITEDCentral and state governments	71.12%	85,51,501	85,51,501
PUNJAB STATE INDUSTRIAL DEVELOPMENT CORPORATION LTDCentral and state governments	0.08%	9,475	9,475
PUNJAB STATE ELECTRONICS DEV.& PRO. CORP. LTDCentral and state governments	0.08%	9,700	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 Punjab Communications, filing by filing

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

Holder	Dec 2016Filed 11 Jan	Mar 2017Filed 12 Apr	Jun 2017Filed 12 Jul	Sep 2017Filed 13 Oct	Dec 2017Filed 17 Jan	Jun 2018Filed 17 Jul	Dec 2018Filed 9 Jan	Mar 2019Filed 11 Apr	Jun 2019Filed 11 Jul	Sep 2019Filed 11 Oct	Dec 2019Filed 10 Jan	Mar 2020Filed 13 May	Jun 2020Filed 15 Jul	Sep 2020Filed 12 Oct	Dec 2020Filed 12 Jan	Mar 2021Filed 9 Apr	Jun 2021Filed 16 Jul	Sep 2021Filed 19 Oct	Dec 2021Filed 14 Jan	Mar 2022Filed 13 Apr	Jun 2022Filed 14 Jul	Sep 2022Filed 20 Oct	Dec 2022Filed 13 Jan	Mar 2023Filed 11 Apr	Jun 2023Filed 12 Jul	Sep 2023Filed 13 Oct	Dec 2023Filed 12 Jan	Mar 2024Filed 12 Apr	Jun 2024Filed 8 Jul	Sep 2024Filed 10 Oct	Dec 2024Filed 16 Jan	Mar 2025Filed 7 Apr	Jun 2025Filed 15 Jul	Sep 2025Filed 4 Nov	Dec 2025Filed 16 Jan	Mar 2026Filed 16 Apr	Jun 2026Filed 8 Jul	Sep 2026Filed 9 Oct
FORBES EMFForeign portfolio investors, category I	–	–	–	–	–	–	–	–	–	–	–	–	4.78%	4.78%	4.78%	4.78%	4.78%	4.78%	4.78%	4.78%	4.78%	4.78%	4.78%	4.78%	4.78%	4.78%	4.78%	4.78%	4.78%	4.78%	4.78%	4.78%	4.78%	4.78%	4.78%	4.78%	4.78%	4.78%
TANVI JIGNESH MEHTAResident individuals, over ₹2 lakh at face value	–	–	–	–	1.12%	1.14%	1.24%	1.27%	1.27%	1.27%	1.98%	1.98%	1.95%	1.87%	1.87%	1.78%	1.76%	1.64%	1.43%	1.44%	1.35%	1.36%	1.33%	1.32%	1.33%	1.45%	1.55%	1.68%	1.68%	1.68%	1.81%	1.88%	2.04%	2.04%	2.20%	2.19%	2.19%	2.35%
FAROOQ ARBI HALAIResident individuals, over ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.09%	1.15%	1.17%	1.23%	1.53%	1.53%	1.87%	1.88%	1.93%	1.99%
VINCENT TRADING PRIVATE LIMITEDCompanies	1.64%	1.64%	1.64%	1.64%	1.64%	1.64%	1.64%	1.64%	1.64%	1.64%	1.64%	1.64%	1.64%	1.64%	1.64%	1.64%	1.64%	1.64%	1.64%	1.64%	1.64%	1.64%	1.64%	1.64%	1.64%	1.64%	1.64%	1.64%	1.64%	1.64%	1.64%	1.64%	1.64%	1.64%	1.64%	1.64%	1.64%	1.64%
SUNAINA NARESHKUMAR SARAFResident individuals, over ₹2 lakh at face value	–	–	–	–	–	1.11%	1.11%	1.11%	1.11%	1.11%	1.11%	1.11%	1.11%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
ORANGE MAURITIUS INVESTMENTS LIMITEDInstitutions Foreign Portfolio Investor	4.78%	4.78%	4.78%	4.78%	4.78%	4.78%	4.78%	4.78%	4.78%	4.78%	4.78%	4.78%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
SHRIRAM INSIGHT SHARE BROKERS LIMITEDOther non-institutions	–	1.23%	1.23%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
GIRABEN ATULBHAI SHAHResident individuals, over ₹2 lakh at face value	1.06%	1.06%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–

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.