Shardul Securities shareholders and shareholding pattern

NSE: SHARDULBSE: 512393Capital MarketsSmall Cap

₹50.50₹2.65 (4.99%)BSE ₹49.82

Share price at the NSE close on 23 Oct 2026. Previous close ₹53.15.

52-week range of BSE trades to 23 Oct 2026

₹20.14Low, 23 Mar 2026₹59.55High, 22 Jul 2026

Delivery only: shares bought must be paid for in full, with no selling on the same day.

Market cap: ₹442 Cr2,233rd largest listed
P/E: 15.3
P/B: 0.6
Dividend yield: Nonein the last 12 months
ROE: 3.8%
ROCE: 4.9%
Debt to equity: 0.59
Volume, NSE: 1,061

Who owns Shardul Securities, 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

Promoters74.85%
Foreign institutions0.30%
Individuals and others24.85%

Shareholding pattern, per cent, from Sep 2022

Promoters
Foreign institutions
Individuals and others

Per cent	Dec 2016Filed 12 Jan	Mar 2017Filed 12 Apr	Jun 2017Filed 11 Jul	Sep 2017Filed 13 Oct	Dec 2017Filed 20 Jan	Mar 2018Filed 28 Apr	Jun 2018Filed 18 Jul	Sep 2018Filed 17 Oct	Dec 2018Filed 17 Jan	Mar 2019Filed 18 Apr	Jun 2019Filed 20 Jul	Sep 2019Filed 5 Nov	Dec 2019Filed 15 Jan	Mar 2020Filed 15 May	Jun 2020Filed 22 Jul	Sep 2020Filed 11 Nov	Dec 2020Filed 21 Jan	Mar 2021Filed 20 Apr	Jun 2021Filed 19 Jul	Sep 2021Filed 20 Oct	Dec 2021Filed 11 Jan	Mar 2022Filed 20 Apr	Jun 2022Filed 14 Jul	Sep 2022Filed 19 Oct	Dec 2022Filed 17 Jan	Mar 2023Filed 17 Apr	Jun 2023Filed 13 Jul	Sep 2023Filed 20 Oct	Dec 2023Filed 17 Jan	Mar 2024Filed 19 Apr	Jun 2024Filed 19 Jul	Sep 2024Filed 15 Jan	Dec 2024Filed 17 Jan	Mar 2025Filed 17 Apr	Jun 2025Filed 21 Jul	Sep 2025Filed 16 Oct	Dec 2025Filed 16 Jan	Mar 2026Filed 17 Apr	Jun 2026Filed 21 Jul	Sep 2026Filed 21 Oct
	74.84%	74.84%	74.84%	74.84%	74.84%	74.84%	74.84%	74.84%	74.84%	74.84%	74.84%	74.84%	74.84%	74.84%	74.84%	74.84%	74.84%	74.84%	74.84%	74.84%	74.84%	74.84%	74.84%	74.84%	74.84%	74.84%	74.84%	74.84%	74.84%	74.84%	74.84%	74.84%	74.84%	74.84%	74.85%	74.85%	74.85%	74.85%	74.85%	74.85%
Indian promoters	74.84%	74.84%	74.84%	74.84%	74.84%	74.84%	74.84%	74.84%	74.84%	74.84%	74.84%	74.84%	74.84%	74.84%	74.84%	74.84%	74.84%	74.84%	74.84%	74.84%	74.84%	74.84%	74.84%	74.84%	74.84%	74.84%	74.84%	74.84%	74.84%	74.84%	74.84%	74.84%	74.84%	74.84%	74.85%	74.85%	74.85%	74.85%	74.85%	74.85%
	25.16%	25.16%	25.16%	25.16%	25.16%	25.16%	25.16%	25.16%	25.16%	25.16%	25.16%	25.16%	25.16%	25.16%	25.16%	25.16%	25.16%	25.16%	25.16%	25.16%	25.16%	25.16%	25.16%	25.16%	25.16%	25.16%	25.16%	25.16%	25.16%	25.16%	25.16%	25.16%	25.16%	25.16%	25.15%	25.15%	25.15%	25.15%	25.15%	25.15%
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.24%	0.30%	0.30%	0.30%	0.30%
Foreign portfolio investors, category I	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.24%	0.30%	0.30%	0.30%	0.30%
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	25.16%	25.16%	25.16%	25.16%	25.16%	25.16%	25.16%	25.16%	25.16%	25.16%	25.16%	25.15%	24.90%	24.85%	24.85%	24.85%	24.85%
Resident individuals, up to ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	7.33%	7.04%	6.96%	6.74%	6.71%	6.72%	6.69%	6.14%	6.11%	5.93%	5.95%	5.96%	5.81%	5.80%	5.59%	5.63%	5.79%
Resident individuals, over ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	4.67%	4.77%	4.86%	4.72%	4.74%	4.76%	4.76%	5.39%	5.13%	5.30%	4.60%	4.59%	4.51%	4.50%	4.63%	4.63%	3.28%
Companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	10.70%	10.70%	10.72%	10.72%	10.73%	10.72%	10.70%	10.62%	10.88%	10.90%	10.91%	10.93%	10.90%	10.87%	10.72%	10.72%	11.90%
Non-resident Indians	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	0.01%	0.01%	0.01%	Under 0.01%	0.01%	0.05%	0.06%	0.10%	0.10%	0.12%	0.10%	0.10%	0.09%	0.08%	0.05%	0.02%
Investor education fund	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	2.16%	2.35%	2.35%	2.71%	2.71%	2.71%	2.70%	2.70%	2.70%	2.70%	3.35%	3.35%	3.35%	3.35%	3.60%	3.59%	3.59%
Directors and their relatives	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	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%
Key managers	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	Under 0.01%	Under 0.01%	Under 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%
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.30%	0.29%	0.26%	0.26%	0.26%	0.25%	0.26%	0.24%	0.23%	0.22%	0.22%	0.21%	0.23%	0.24%	0.23%	0.22%	0.27%
Hindu undivided families	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.24%	0.24%	0.24%	0.24%	0.24%	0.23%	0.26%	–	0.22%	0.21%	0.21%	0.19%	0.20%	0.20%	0.20%	0.20%	0.25%
Clearing Members	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	–	–	–	–	–	–	–	–	–	–	–	0.02%	0.02%	0.02%	0.02%	0.02%
LLP	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.05%	0.05%	0.03%	0.03%	0.03%	0.03%	–	–	Under 0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	Under 0.01%	Under 0.01%
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%
Trusts	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	Under 0.01%	–	–	–	–	–	–	–
Shares in issue	1,74,98,433	1,74,98,433	1,74,98,433	1,74,98,433	1,74,98,433	1,74,98,433	1,74,98,433	1,74,98,433	1,74,98,433	1,74,98,433	1,74,98,433	1,74,98,433	1,74,98,433	1,74,98,433	1,74,98,433	1,74,98,433	1,74,98,433	1,74,98,433	1,74,98,433	1,74,98,433	1,74,98,433	1,74,98,433	1,74,98,433	1,74,98,433	1,74,98,433	1,74,98,433	1,74,98,433	1,74,98,433	1,74,98,433	1,74,98,433	1,74,98,433	1,74,98,433	1,74,98,433	8,74,92,165	8,74,92,165	8,74,92,165	8,74,92,165	8,74,92,165	8,74,92,165	8,74,92,165
Shares locked in	–	–	–	–	–	–	–	–	–	–	–	–	–	100	100	–	300	300	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–

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 Shardul Securities shareholders

Shareholders on the company's register in each filing.

Shareholders, filing by filing

Shareholders	Dec 2016Filed 12 Jan	Mar 2017Filed 12 Apr	Jun 2017Filed 11 Jul	Sep 2017Filed 13 Oct	Dec 2017Filed 20 Jan	Mar 2018Filed 28 Apr	Jun 2018Filed 18 Jul	Sep 2018Filed 17 Oct	Dec 2018Filed 17 Jan	Mar 2019Filed 18 Apr	Jun 2019Filed 20 Jul	Sep 2019Filed 5 Nov	Dec 2019Filed 15 Jan	Mar 2020Filed 15 May	Jun 2020Filed 22 Jul	Sep 2020Filed 11 Nov	Dec 2020Filed 21 Jan	Mar 2021Filed 20 Apr	Jun 2021Filed 19 Jul	Sep 2021Filed 20 Oct	Dec 2021Filed 11 Jan	Mar 2022Filed 20 Apr	Jun 2022Filed 14 Jul	Sep 2022Filed 19 Oct	Dec 2022Filed 17 Jan	Mar 2023Filed 17 Apr	Jun 2023Filed 13 Jul	Sep 2023Filed 20 Oct	Dec 2023Filed 17 Jan	Mar 2024Filed 19 Apr	Jun 2024Filed 19 Jul	Sep 2024Filed 15 Jan	Dec 2024Filed 17 Jan	Mar 2025Filed 17 Apr	Jun 2025Filed 21 Jul	Sep 2025Filed 16 Oct	Dec 2025Filed 16 Jan	Mar 2026Filed 17 Apr	Jun 2026Filed 21 Jul	Sep 2026Filed 21 Oct
All shareholders	11,167	11,106	11,060	10,976	8,754	8,679	8,645	8,598	8,216	8,155	8,141	8,122	7,663	7,650	7,626	7,592	7,494	7,074	7,000	6,963	6,753	6,729	6,648	6,631	6,258	6,197	5,879	5,887	5,901	6,274	6,120	6,507	6,589	7,793	7,671	7,405	7,245	6,813	6,805	6,914
	17	16	16	16	16	16	16	16	16	16	16	16	16	16	16	16	16	16	16	16	16	16	16	16	16	16	16	16	16	16	16	15	15	15	15	15	15	15	15	10
Indian promoters	17	16	16	16	16	16	16	16	16	16	16	16	16	16	16	16	16	16	16	16	16	16	16	16	16	16	16	16	16	16	16	15	15	15	15	15	15	15	15	10
	11,150	11,090	11,044	10,960	8,738	8,663	8,629	8,582	8,200	8,139	8,125	8,106	7,647	7,634	7,610	7,576	7,478	7,058	6,984	6,947	6,737	6,713	6,632	6,615	6,242	6,181	5,863	5,871	5,885	6,258	6,104	6,492	6,574	7,778	7,656	7,390	7,230	6,798	6,790	6,904
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	1	1	1	1
Foreign portfolio investors, category I	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	1	1	1	1
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	6,615	6,242	6,181	5,863	5,871	5,885	6,258	6,104	6,492	6,574	7,778	7,656	7,389	7,229	6,797	6,789	6,903
Resident individuals, up to ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	6,461	6,096	6,039	5,722	5,730	5,744	6,105	5,948	6,316	6,393	7,591	7,479	7,216	7,056	6,634	6,620	6,710
Resident individuals, over ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	11	11	11	10	10	10	10	11	10	9	8	8	8	8	8	8	6
Companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	39	37	36	37	37	36	37	34	42	43	43	43	40	39	35	37	43
Non-resident Indians	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	9	10	10	10	9	11	18	22	35	39	46	40	36	37	33	33	28
Investor education fund	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
Directors and their relatives	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
Key managers	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	1	1	1	2	2	2	2	2	2	2	2	2	2	2	2	2
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	92	85	82	81	81	80	84	85	85	86	86	82	85	85	83	87	112
Hindu undivided families	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	88	83	81	80	80	79	83	–	80	81	82	77	76	77	75	79	103
Clearing Members	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	2	–	–	–	–	–	–	–	–	–	–	–	4	3	3	3	4
LLP	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	2	2	1	1	1	1	–	–	3	3	3	4	4	4	4	4	4
Unclaimed or Suspense or Escrow Account	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	–	1	1	1	1	1	1	1	1	1
Trusts	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	1	–	–	–	–	–	–	–

Shardul Securities 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 SHRIYAM COMMODITIES INTERMEDIARY LLP, 26.27%. The filing names 5 more members with no shares.Promoter buying and selling

Holder
SHRIYAM COMMODITIES INTERMEDIARY LLPIndian companies, trusts and others	26.27%	2,29,80,010
RAJESH D CHATURVEDIIndividuals and Hindu undivided families	14.89%	1,30,27,930
A TO Z BROKING SERVICES LLPIndian companies, trusts and others	12.11%	1,05,92,000
DEVESH D CHATURVEDIIndividuals and Hindu undivided families	10.87%	95,12,095
BRIJESH D CHATURVEDIIndividuals and Hindu undivided families	6.38%	55,83,415
RAGHAV R CHATURVEDIIndividuals and Hindu undivided families	1.42%	12,39,585
BABITA D CHATURVEDIIndividuals and Hindu undivided families	0.98%	8,57,927
VARSHA R CHATURVEDIIndividuals and Hindu undivided families	0.78%	6,80,000
RAMYA RAJESH CHATURVEDIIndividuals and Hindu undivided families	0.73%	6,37,500
RAJESH DINANATHIndividuals and Hindu undivided families	0.43%	3,78,500

No promoter shares are reported as pledged.

Largest public holders of Shardul Securities, filing by filing

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

Holder	Dec 2016Filed 12 Jan	Mar 2017Filed 12 Apr	Jun 2017Filed 11 Jul	Sep 2017Filed 13 Oct	Dec 2017Filed 20 Jan	Mar 2018Filed 28 Apr	Jun 2018Filed 18 Jul	Sep 2018Filed 17 Oct	Dec 2018Filed 17 Jan	Mar 2019Filed 18 Apr	Jun 2019Filed 20 Jul	Sep 2019Filed 5 Nov	Dec 2019Filed 15 Jan	Mar 2020Filed 15 May	Jun 2020Filed 22 Jul	Sep 2020Filed 11 Nov	Dec 2020Filed 21 Jan	Mar 2021Filed 20 Apr	Jun 2021Filed 19 Jul	Sep 2021Filed 20 Oct	Dec 2021Filed 11 Jan	Mar 2022Filed 20 Apr	Jun 2022Filed 14 Jul	Sep 2022Filed 19 Oct	Dec 2022Filed 17 Jan	Mar 2023Filed 17 Apr	Jun 2023Filed 13 Jul	Sep 2023Filed 20 Oct	Dec 2023Filed 17 Jan	Mar 2024Filed 19 Apr	Jun 2024Filed 19 Jul	Sep 2024Filed 15 Jan	Dec 2024Filed 17 Jan	Mar 2025Filed 17 Apr	Jun 2025Filed 21 Jul	Sep 2025Filed 16 Oct	Dec 2025Filed 16 Jan	Mar 2026Filed 17 Apr	Jun 2026Filed 21 Jul	Sep 2026Filed 21 Oct
ANGULAR TRADING PVT LTDCompanies	3.90%	3.90%	5.61%	5.61%	5.61%	5.61%	5.61%	5.61%	–	5.61%	5.61%	5.61%	5.61%	5.61%	5.61%	5.61%	5.61%	5.61%	5.61%	5.61%	5.61%	5.61%	5.61%	5.61%	5.61%	5.61%	5.61%	5.61%	5.61%	5.61%	5.61%	5.61%	5.61%	5.61%	5.61%	5.61%	5.61%	5.61%	5.61%	5.61%
INVESTOR EDUCATION AND PROTECTION FUND AUTHORITY MINISTRY OF CORPORATE AFFAIRSInvestor education fund	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	3.35%	3.35%	3.60%	3.59%	3.59%
BHASKAR ARVIND HINGADResident individuals, over ₹2 lakh at face value	–	–	–	–	1.45%	1.52%	1.62%	1.79%	–	–	–	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%	2.11%	2.11%	2.11%	2.11%	2.11%	2.11%	2.11%	2.24%	2.24%	2.24%
RECKON TRADING PRIVATE LIMITEDCompanies	3.46%	3.46%	1.04%	1.04%	1.06%	1.06%	1.06%	1.06%	–	1.06%	1.06%	1.06%	1.06%	1.06%	1.06%	1.06%	1.06%	1.06%	1.06%	1.06%	1.06%	1.06%	1.06%	1.06%	1.06%	1.06%	1.06%	1.06%	1.06%	1.06%	1.06%	1.06%	1.06%	1.06%	1.06%	1.06%	1.06%	1.06%	1.06%	2.23%
GLENMORD COMMERCIAL SERVICES PVT LTDCompanies	1.14%	1.14%	1.14%	1.14%	1.14%	1.14%	1.14%	1.14%	–	1.14%	1.14%	1.14%	1.14%	1.14%	1.14%	1.14%	1.14%	1.14%	1.14%	1.14%	1.14%	1.14%	1.14%	1.14%	1.14%	1.14%	1.14%	1.14%	1.14%	1.14%	1.14%	1.14%	1.14%	1.14%	1.14%	1.14%	1.14%	1.14%	1.14%	1.14%
DHANASTRA FINANCE AND INVESTMENT COMPANY PVT LTDCompanies	1.06%	–	1.06%	1.06%	1.06%	1.06%	1.06%	1.06%	–	1.06%	1.06%	1.06%	1.06%	1.06%	1.06%	1.06%	1.06%	1.06%	1.06%	1.06%	1.06%	1.06%	1.06%	1.06%	1.06%	1.06%	1.06%	1.06%	1.06%	1.06%	1.06%	1.06%	1.06%	1.06%	1.06%	1.06%	1.06%	1.06%	1.06%	1.06%
FOUR BRIDGES CAPITAL ADVISORS PVT LTDCompanies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.01%	–	–	–	1.02%	–	–	–	–	–	1.06%	1.06%	–	1.02%	1.02%	1.01%	1.02%	1.00%	1.00%	1.00%	1.00%	1.00%
Dhanastra Investment and Finance Company Private LimitedOther non-institutions	–	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.