S H Kelkar and Company shareholders and shareholding pattern

NSE: SHKBSE: 539450Chemicals & PetrochemicalsSmall Cap

₹125.46₹4.83 (3.71%)BSE ₹125.60

Share price at the NSE close on 23 Oct 2026. Previous close ₹130.29.

52-week range of traded prices to 23 Oct 2026

₹111.98Low, 30 Mar 2026₹231.28High, 23 Oct 2025

Next results date: the board meets on 2 Nov 2026 to consider: financial results.

Market cap: ₹1,737 Cr1,162nd largest listed
P/E: 19.5
P/E without one-offs: 70.2
P/B: 1.3
Dividend yield: 0.80%
ROE: 6.8%
ROE without one-offs: 1.9%
ROCE: 5.8%
Debt to equity: 0.62
Volume, NSE: 2,99,44154.3% delivered

Who owns S H Kelkar and Company, 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

Promoters54.87%
Foreign institutions5.28%
Indian institutions6.35%
Individuals and others33.50%
Employee trustsNone

Shareholding pattern, per cent, from Sep 2022

Promoters
Foreign institutions
Indian institutions
Individuals and others
Employee trusts

Per cent	Dec 2016Filed 11 Jan	Mar 2017Filed 7 Apr	Jun 2017Filed 10 Jul	Sep 2017Filed 10 Oct	Dec 2017Filed 8 Jan	Mar 2018Filed 17 Apr	Jun 2018Filed 12 Jul	Sep 2018Filed 19 Oct	Dec 2018Filed 8 Jan	Mar 2019Filed 3 May	Jun 2019Filed 20 Jul	Sep 2019Filed 18 Oct	Dec 2019Filed 31 Jan	Mar 2020Filed 11 Apr	Jun 2020Filed 20 Jul	Sep 2020Filed 19 Oct	Dec 2020Filed 18 Jan	Mar 2021Filed 15 Apr	Jun 2021Filed 29 Jul	Sep 2021Filed 20 Oct	Dec 2021Filed 18 Jan	Mar 2022Filed 19 Apr	Jun 2022Filed 20 Jul	Sep 2022Filed 19 Oct	Dec 2022Filed 18 Jan	Mar 2023Filed 12 Apr	Jun 2023Filed 20 Jul	Sep 2023Filed 17 Oct	Dec 2023Filed 18 Jan	Mar 2024Filed 15 Apr	Jun 2024Filed 16 Jul	Sep 2024Filed 16 Oct	Dec 2024Filed 21 Jan	Mar 2025Filed 21 Apr	Jun 2025Filed 21 Jul	Sep 2025Filed 14 Oct	Dec 2025Filed 19 Jan	Mar 2026Filed 13 Apr	Jun 2026Filed 10 Jul	Sep 2026Filed 8 Oct
	57.64%	56.95%	57.37%	57.64%	57.64%	57.09%	56.74%	56.74%	56.74%	56.91%	56.91%	57.49%	57.49%	57.49%	59.98%	59.98%	58.57%	58.57%	58.57%	58.57%	58.57%	58.46%	58.46%	57.66%	58.46%	58.65%	58.95%	58.95%	58.95%	58.95%	58.75%	55.63%	55.63%	55.48%	55.03%	54.87%	54.87%	54.87%	54.87%	54.87%
Indian promoters	45.80%	45.11%	45.53%	45.80%	45.80%	45.25%	44.90%	46.14%	46.14%	46.31%	46.31%	46.72%	46.72%	46.72%	49.21%	49.21%	47.79%	47.79%	47.79%	47.79%	47.79%	47.71%	47.71%	46.91%	47.71%	47.90%	48.20%	48.20%	48.20%	48.20%	48.00%	44.88%	44.88%	44.73%	44.28%	44.12%	43.40%	43.40%	43.40%	43.40%
Foreign promoters	11.84%	11.84%	11.84%	11.84%	11.84%	11.84%	11.84%	10.60%	10.60%	10.60%	10.60%	10.78%	10.78%	10.78%	10.78%	10.78%	10.78%	10.78%	10.78%	10.78%	10.78%	10.75%	10.75%	10.75%	10.75%	10.75%	10.75%	10.75%	10.75%	10.75%	10.75%	10.75%	10.75%	10.75%	10.75%	10.75%	11.47%	11.47%	11.47%	11.47%
	42.36%	43.05%	42.63%	42.36%	42.36%	42.91%	43.26%	42.02%	41.58%	40.76%	40.76%	40.17%	40.17%	40.17%	37.68%	37.68%	39.09%	39.09%	39.09%	39.09%	39.09%	39.19%	39.19%	40.00%	39.19%	39.01%	38.71%	41.05%	41.05%	41.05%	41.25%	44.37%	44.37%	44.52%	44.97%	45.13%	45.13%	45.13%	45.13%	45.13%
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	9.54%	9.27%	9.31%	9.68%	8.33%	8.25%	8.86%	8.71%	9.40%	7.53%	7.22%	6.96%	7.36%	6.79%	7.42%	5.92%	5.28%
Foreign portfolio investors, category I	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	9.27%	9.24%	9.68%	8.33%	8.24%	8.86%	8.68%	8.43%	7.46%	7.02%	6.92%	7.28%	6.78%	7.40%	5.70%	4.67%
Foreign portfolio investors, category II	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	9.54%	0.00%	0.06%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	0.03%	0.97%	0.08%	0.20%	0.04%	0.08%	0.01%	0.02%	0.22%	0.60%
Other foreign institutions	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.00%	0.00%	Under 0.01%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	–	–	–	–	–	–
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	3.81%	3.74%	2.78%	1.37%	1.42%	1.27%	0.27%	0.27%	2.26%	3.10%	3.44%	3.37%	5.69%	6.02%	5.18%	6.01%	6.35%
Mutual funds	2.51%	2.43%	2.00%	1.96%	1.98%	1.96%	1.11%	2.12%	3.23%	4.54%	5.96%	6.45%	6.45%	6.73%	2.21%	3.69%	4.10%	4.41%	4.28%	4.44%	4.35%	3.86%	3.81%	3.81%	3.74%	2.70%	1.20%	1.20%	1.13%	0.00%	0.00%	1.86%	2.48%	2.76%	2.88%	4.50%	5.56%	4.75%	5.67%	6.32%
Insurance companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.84%	0.88%	0.61%	–	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%	0.13%	0.13%	0.13%	0.13%	–	–	–	–
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	–	–	–	–	–	–	–	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	–	–	0.10%	0.18%	0.34%	0.61%	0.57%	0.57%	0.35%	0.00%	0.00%	0.00%	0.00%	0.08%	0.17%	0.22%	0.14%	0.27%	0.27%	0.40%	0.49%	0.55%	0.36%	1.06%	0.46%	0.43%	0.34%	0.03%
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	26.65%	26.18%	26.93%	27.66%	31.29%	31.53%	31.92%	32.27%	32.71%	33.74%	33.87%	34.64%	32.08%	32.33%	32.53%	33.21%	33.50%
Resident individuals, up to ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	8.09%	8.17%	8.35%	8.80%	8.79%	9.32%	10.12%	10.82%	9.97%	10.64%	10.92%	11.17%	10.65%	12.08%	12.09%	12.96%	12.77%
Resident individuals, over ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	4.28%	4.68%	5.06%	5.39%	7.65%	8.03%	7.03%	6.85%	7.70%	7.52%	7.68%	8.25%	6.85%	5.95%	6.36%	6.23%	6.14%
Companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	11.68%	11.64%	11.68%	11.72%	12.16%	12.21%	12.50%	12.59%	13.11%	13.58%	13.11%	13.10%	12.54%	12.20%	11.98%	11.79%	12.52%
Non-resident Indians	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.66%	0.67%	0.72%	0.79%	0.87%	0.84%	1.00%	1.01%	0.84%	0.86%	0.87%	1.02%	1.02%	1.09%	1.07%	1.21%	1.04%
Foreign nationals	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	Under 0.01%	0.00%	0.00%	–	–	–	–	–	–
Investor education fund	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	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%
Directors and their relatives	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	–	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%
Key managers	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	–	–	–	0.03%	0.03%	0.03%
Relatives of promoters	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	–	–	–	0.01%	0.01%	0.01%
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.94%	1.03%	1.11%	0.96%	1.81%	1.12%	1.27%	1.00%	1.10%	1.15%	1.29%	1.10%	1.02%	1.01%	0.99%	0.98%	0.99%
Clearing Members	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.84%	0.01%	0.15%	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%	0.02%	0.03%	0.04%	0.03%	0.03%
Hindu undivided families	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.67%	0.64%	0.58%	0.57%	1.42%	0.69%	0.81%	0.83%	0.76%	0.80%	0.82%	0.77%	0.66%	0.67%	0.68%	0.73%	0.77%
Trusts	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	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%
LLP	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.43%	0.38%	0.38%	0.38%	0.40%	0.44%	0.46%	0.17%	0.34%	0.35%	0.47%	0.33%	0.34%	0.30%	0.26%	0.21%	0.18%
Employee trusts	–	–	–	–	–	–	–	1.25%	1.69%	2.33%	2.33%	2.34%	2.34%	2.34%	2.34%	2.34%	2.34%	2.34%	2.34%	2.34%	2.34%	2.34%	2.34%	2.34%	2.34%	2.34%	2.34%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	–	–	–	–	–	–
Promoter shares pledgedShare of the promoters' own shares	0.00%	0.88%	4.11%	4.57%	2.08%	0.00%	0.00%	0.00%	0.00%	6.79%	6.79%	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%	6.08%	6.08%	6.08%	6.18%	0.00%	0.00%	0.00%	6.16%	6.13%	6.13%	6.13%	6.13%	6.15%	5.58%	5.58%	5.60%	5.65%	5.66%	5.66%	8.30%	8.30%	8.30%
Shares in issue	14,46,20,801	14,46,20,801	14,46,20,801	14,46,20,801	14,46,20,801	14,46,20,801	14,46,20,801	14,46,20,801	14,46,20,801	14,46,20,801	14,46,20,801	14,13,20,801	14,13,20,801	14,13,20,801	14,13,20,801	14,13,20,801	14,13,20,801	14,13,20,801	14,13,20,801	14,13,20,801	14,13,20,801	13,84,20,801	13,84,20,801	13,84,20,801	13,84,20,801	13,84,20,801	13,84,20,801	13,84,20,801	13,84,20,801	13,84,20,801	13,84,20,801	13,84,20,801	13,84,20,801	13,84,20,801	13,84,20,801	13,84,20,801	13,84,20,801	13,84,20,801	13,84,20,801	13,84,20,801
Shares locked in	2,89,24,161	2,89,24,161	2,89,24,161	2,89,24,161	2,89,24,161	2,89,24,161	2,89,24,161	2,89,24,161	–	–	–	–	–	–	–	–	–	–	–	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	–	–	–	–	–	–
Promoters' shares locked in	2,89,24,161	2,89,24,161	2,89,24,161	2,89,24,161	2,89,24,161	2,89,24,161	2,89,24,161	2,89,24,161	–	–	–	–	–	–	–	–	–	–	–	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	–	–	–	–	–	–

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 S H Kelkar and Company shareholders

Shareholders on the company's register in each filing.

Shareholders, filing by filing

Shareholders	Dec 2016Filed 11 Jan	Mar 2017Filed 7 Apr	Jun 2017Filed 10 Jul	Sep 2017Filed 10 Oct	Dec 2017Filed 8 Jan	Mar 2018Filed 17 Apr	Jun 2018Filed 12 Jul	Sep 2018Filed 19 Oct	Dec 2018Filed 8 Jan	Mar 2019Filed 3 May	Jun 2019Filed 20 Jul	Sep 2019Filed 18 Oct	Dec 2019Filed 31 Jan	Mar 2020Filed 11 Apr	Jun 2020Filed 20 Jul	Sep 2020Filed 19 Oct	Dec 2020Filed 18 Jan	Mar 2021Filed 15 Apr	Jun 2021Filed 29 Jul	Sep 2021Filed 20 Oct	Dec 2021Filed 18 Jan	Mar 2022Filed 19 Apr	Jun 2022Filed 20 Jul	Sep 2022Filed 19 Oct	Dec 2022Filed 18 Jan	Mar 2023Filed 12 Apr	Jun 2023Filed 20 Jul	Sep 2023Filed 17 Oct	Dec 2023Filed 18 Jan	Mar 2024Filed 15 Apr	Jun 2024Filed 16 Jul	Sep 2024Filed 16 Oct	Dec 2024Filed 21 Jan	Mar 2025Filed 21 Apr	Jun 2025Filed 21 Jul	Sep 2025Filed 14 Oct	Dec 2025Filed 19 Jan	Mar 2026Filed 13 Apr	Jun 2026Filed 10 Jul	Sep 2026Filed 8 Oct
All shareholders	18,494	18,978	21,690	22,866	22,420	21,426	23,734	22,996	23,050	23,597	26,246	24,085	23,300	22,447	38,582	35,431	35,546	37,821	44,819	54,078	54,937	50,759	48,412	47,144	45,602	45,155	44,880	42,086	41,946	46,379	46,912	42,014	45,639	47,229	50,450	50,971	54,088	53,911	55,913	56,790
	15	15	15	17	17	17	17	17	17	16	16	16	16	16	17	17	17	17	17	17	17	17	17	17	17	17	17	17	17	17	17	17	17	17	17	17	18	18	18	18
Indian promoters	14	14	14	16	16	16	16	16	16	15	15	15	15	15	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
Foreign promoters	1	1	1	1	1	1	1	1	1	1	1	1	1	1	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
	18,479	18,963	21,675	22,849	22,403	21,409	23,717	22,978	23,032	23,580	26,229	24,068	23,283	22,430	38,564	35,413	35,528	37,803	44,801	54,060	54,919	50,741	48,394	47,126	45,584	45,137	44,862	42,069	41,929	46,362	46,895	41,997	45,622	47,212	50,433	50,954	54,070	53,893	55,895	56,772
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	44	43	42	39	36	39	44	46	60	65	57	56	57	54	54	49	54
Foreign portfolio investors, category I	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	43	39	37	34	37	42	43	55	61	53	52	53	51	51	45	49
Foreign portfolio investors, category II	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	43	0	2	2	2	2	2	3	5	4	4	4	4	3	3	4	5
Other foreign institutions	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0	0	1	0	0	0	0	0	0	0	0	–	–	–	–	–	–
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	3	4	5	4	4	3	3	3	8	12	11	9	11	11	10	9	6
Mutual funds	8	9	11	9	8	5	4	5	4	4	4	5	5	4	4	3	3	4	4	4	3	2	2	2	3	3	1	1	1	0	0	2	4	4	4	5	5	5	4	4
Insurance companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	1	1	–	0	0	0	0	0	0	0	0	0	0	0	0	0	1	1	1	1	–	–	–	–
Banks	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
Alternative investment funds	–	–	–	–	–	–	–	1	1	1	1	1	–	–	1	2	4	2	2	2	1	0	0	0	0	1	2	2	1	2	2	5	6	5	3	4	5	4	4	1
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	47,079	45,537	45,090	44,819	42,029	41,887	46,315	46,846	41,929	45,545	47,144	50,368	50,886	54,005	53,829	55,837	56,712
Resident individuals, up to ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	44,447	43,003	42,554	42,272	39,594	39,410	43,766	44,153	39,390	42,814	44,302	47,361	47,912	50,942	50,797	52,651	53,577
Resident individuals, over ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	76	80	78	89	116	128	131	133	140	138	145	157	146	139	138	135	134
Companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	217	208	199	201	208	222	246	260	286	294	311	307	279	288	256	260	256
Non-resident Indians	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	905	866	895	900	775	761	838	917	906	1,013	1,050	1,129	1,153	1,212	1,212	1,306	1,266
Foreign nationals	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0	0	0	0	0	0	0	0	1	0	0	–	–	–	–	–	–
Investor education fund	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0	0	0	1	1	1	1	1	1	1	1	1	1	1	1	1	1
Directors and their relatives	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0	0	0	0	0	0	0	0	0	0	0	–	5	5	5	5	5
Key managers	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0	0	0	0	0	0	0	0	0	0	0	–	–	–	2	2	2
Relatives of promoters	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0	0	0	0	0	0	0	0	0	0	0	–	–	–	1	1	1
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1,434	1,380	1,364	1,356	1,335	1,365	1,333	1,382	1,205	1,285	1,335	1,413	1,390	1,418	1,417	1,476	1,470
Clearing Members	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	38	19	25	7	5	5	4	7	5	6	6	4	17	15	13	13	13
Hindu undivided families	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1,372	1,342	1,319	1,327	1,301	1,326	1,293	1,340	1,162	1,234	1,275	1,355	1,321	1,349	1,357	1,416	1,428
Trusts	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	2	2	2	1	1	1	1	1	1	2	2	2	2	2	2	2	2
LLP	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	22	17	18	21	28	33	35	34	37	43	52	52	50	52	45	45	27
Employee trusts	–	–	–	–	–	–	–	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	0	0	0	0	0	0	0	–	–	–	–	–	–

S H Kelkar and Company 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 Ramesh Vinayak Vaze Family Trust (Ramesh Vaze, Prabha Vaze & Kedar Vaze-in the capacity of trustee), 19.51%. The filing names 12 more members with no shares.Promoter buying and selling

Holder
Ramesh Vinayak Vaze Family Trust (Ramesh Vaze, Prabha Vaze & Kedar Vaze-in the capacity of trustee)Indian companies, trusts and others	19.51%	2,70,00,100	0.00%
Knp Industries Pte LimitedForeign companies and others	10.75%	1,48,76,223	0.00%
Kedar Ramesh VazeIndividuals and Hindu undivided families	9.44%	1,30,60,131	0.00%
Keva Constructions Private LimitedIndian companies, trusts and others	5.34%	73,93,689	85.21%
Vinayak Ganesh Vaze Charities (Ramesh Vaze, Prabha Vaze & Kedar Vaze-in the capacity of trustee)Indian companies, trusts and others	1.37%	18,95,995	0.00%
Prabha Ramesh VazeIndividuals and Hindu undivided families	1.30%	17,97,309	0.00%
Ramesh Vinayak VazeIndividuals and Hindu undivided families	1.07%	14,79,980	0.00%
Anagha Sandeep NeneIndividuals and Hindu undivided families	1.06%	14,70,464	0.00%
Nandan Kedar VazeIndividuals and Hindu undivided families	0.91%	12,58,098	0.00%
Parth Kedar VazeIndividuals and Hindu undivided families	0.91%	12,58,098	0.00%
SKK Industries Private LimitedIndian companies, trusts and others	0.72%	10,00,826	0.00%
Milena Kedar VazeNon-resident and foreign individuals	0.72%	10,00,000	0.00%
ASN Investment Advisors Private LimitedIndian companies, trusts and others	0.65%	9,00,772	0.00%
Nishant Kedar KarmarkarIndividuals and Hindu undivided families	0.53%	7,30,875	0.00%
Neha Kedar KarmarkarIndividuals and Hindu undivided families	0.53%	7,30,875	0.00%
Keva Investment PartnersIndian companies, trusts and others	0.07%	91,879	0.00%
Kedar Ramesh Vaze Family Trust (Kedar Ramesh Vaze-in the capacity of trustee)Indian companies, trusts and others	0.00%	100	0.00%
Sumedha Kedar KarmarkarIndividuals and Hindu undivided families	0.00%	150	0.00%

Pledged is the share of the holder's own shares pledged to a lender.

Largest public holders of S H Kelkar and Company, filing by filing

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

Holder	Dec 2016Filed 11 Jan	Mar 2017Filed 7 Apr	Jun 2017Filed 10 Jul	Sep 2017Filed 10 Oct	Dec 2017Filed 8 Jan	Mar 2018Filed 17 Apr	Jun 2018Filed 12 Jul	Sep 2018Filed 19 Oct	Dec 2018Filed 8 Jan	Mar 2019Filed 3 May	Jun 2019Filed 20 Jul	Sep 2019Filed 18 Oct	Dec 2019Filed 31 Jan	Mar 2020Filed 11 Apr	Jun 2020Filed 20 Jul	Sep 2020Filed 19 Oct	Dec 2020Filed 18 Jan	Mar 2021Filed 15 Apr	Jun 2021Filed 29 Jul	Sep 2021Filed 20 Oct	Dec 2021Filed 18 Jan	Mar 2022Filed 19 Apr	Jun 2022Filed 20 Jul	Sep 2022Filed 19 Oct	Dec 2022Filed 18 Jan	Mar 2023Filed 12 Apr	Jun 2023Filed 20 Jul	Sep 2023Filed 17 Oct	Dec 2023Filed 18 Jan	Mar 2024Filed 15 Apr	Jun 2024Filed 16 Jul	Sep 2024Filed 16 Oct	Dec 2024Filed 21 Jan	Mar 2025Filed 21 Apr	Jun 2025Filed 21 Jul	Sep 2025Filed 14 Oct	Dec 2025Filed 19 Jan	Mar 2026Filed 13 Apr	Jun 2026Filed 10 Jul	Sep 2026Filed 8 Oct
Firmenich Aromatics Production (India) Pvt LtdCompanies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	9.99%	10.20%	10.20%	10.20%	10.20%	10.20%	10.20%	10.20%	10.20%	10.20%	10.20%	10.20%	10.20%	10.20%	10.20%	10.20%	9.80%	9.80%	9.80%	9.80%
India Insight Value FundForeign portfolio investors, category I	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.08%	1.08%	1.35%	1.35%	1.35%	1.35%	1.35%	1.35%	1.37%	1.50%	1.50%	1.73%	1.73%	1.82%	2.06%	2.09%	2.12%	2.12%
Fidelity Funds - Asian Smaller Companies PoolForeign portfolio investors, category I	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.06%	1.19%	1.61%	2.39%	2.39%	2.72%	2.72%	2.72%	3.16%	3.16%	2.51%	1.73%	1.81%	1.94%	2.02%	1.79%	2.54%	–	–
Harding Loevner International Small Companies PortfolioForeign portfolio investors, category I	–	–	–	–	–	–	–	–	–	–	–	–	1.09%	1.12%	1.12%	1.11%	1.16%	1.20%	1.34%	1.35%	1.35%	1.48%	1.54%	1.66%	1.66%	1.66%	1.60%	1.57%	1.45%	1.49%	1.43%	1.26%	1.23%	1.08%	–	–	–	–	–	–
Fidelity Asian Values PlcForeign portfolio investors, category I	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.00%	1.09%	1.09%	1.34%	1.34%	1.34%	1.34%	1.34%	1.05%	–	–	–	–	–	–	–	–
Malabar India Fund LimitedInstitutions Foreign Portfolio Investor	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	2.73%	2.73%	2.73%	2.73%	1.86%	1.72%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Blackstone Capital Partners (Singapore) Vi Fdi Two Pte. Ltd.Other non-institutions	17.53%	17.53%	9.98%	–	9.98%	9.98%	9.98%	9.98%	9.98%	9.98%	9.98%	10.22%	10.22%	10.22%	10.22%	10.22%	–	10.22%	10.22%	10.22%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Blackstone Capital Partners (Singapore) Vi Fdi Pte. Ltd.Other non-institutions	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	10.22%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Stichting Depository Apg Emerging Markets Equity PoolInstitutions Foreign Portfolio Investor	–	–	–	–	–	–	–	2.63%	5.75%	5.75%	5.42%	5.25%	5.31%	5.60%	3.85%	3.85%	3.85%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Kotak Mahindra (International) LimitedInstitutions Foreign Portfolio Investor	–	–	–	–	–	–	–	–	–	–	–	–	–	–	2.30%	1.47%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Fidelity Investment Trust Fidelity Series Emerging Markets FundInstitutions Foreign Portfolio Investor	–	–	–	–	–	–	–	–	–	–	6.11%	6.45%	6.49%	5.92%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Fiam Group Trust for Employee Benefit Plans Fiam Emerging Markets Commingled PoolInstitutions Foreign Portfolio Investor	–	–	–	–	–	–	–	–	–	1.57%	1.73%	1.81%	1.82%	1.66%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Virtus Kar International Small-Cap FundInstitutions Foreign Portfolio Investor	–	–	–	–	–	–	1.56%	1.74%	1.99%	2.08%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Morgan Stanley India Investment Fund, Inc.Institutions Foreign Portfolio Investor	–	–	–	–	–	–	1.20%	1.20%	1.20%	1.30%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Royce International Premier FundInstitutions Foreign Portfolio Investor	–	–	–	–	–	–	–	–	1.33%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Kotak Funds - India Midcap FundInstitutions Foreign Portfolio Investor	–	–	–	–	1.04%	1.18%	1.18%	1.18%	1.18%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Morgan Stanley Investment Funds Indian Equity FundInstitutions Foreign Portfolio Investor	–	–	–	–	–	–	1.66%	1.66%	1.04%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Prazim Trading and Investment Co. Pvt. Ltd.Other non-institutions	–	–	1.49%	–	1.49%	1.49%	1.77%	1.76%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
First State Investments Icvc- Stewart Investors Asia Pacific FundInstitutions Foreign Portfolio Investor	–	–	1.18%	–	2.01%	2.01%	1.73%	1.19%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Mondrian Emerging Markets Small Cap Equity Fund,L.P.Institutions Foreign Portfolio Investor	1.76%	–	1.48%	–	1.42%	1.42%	1.42%	1.11%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
T. Rowe Price International Discovery FundInstitutions Foreign Portfolio Investor	2.58%	2.26%	2.23%	2.23%	2.23%	2.23%	2.23%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Barclays Wealth Trustees India Private LimitedOther non-institutions	–	–	–	–	–	–	1.00%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Morgn Stanley Investment Funds Indian Equity FundInstitutions Foreign Portfolio Investor	–	–	–	–	–	1.66%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Morgn Stanley India Investment Funds, Inc.Institutions Foreign Portfolio Investor	–	–	–	–	–	1.20%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Smallcap World Fund, IncInstitutions Foreign Portfolio Investor	1.33%	1.33%	1.33%	1.33%	1.33%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Blackstone Capital Partners (Singapore) vi Fdi TwoOther non-institutions	–	–	–	9.98%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Prazim Trading & Investment Co. Pvt LtdOther non-institutions	–	–	–	1.49%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Mondrian Emerging Markets Small Cap Equity FundInstitutions Foreign Portfolio Investor	–	1.62%	–	1.43%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
First State Investments Icvc- Stewart Investors Asia Pacific FundsInstitutions Foreign Portfolio Investor	–	–	–	1.41%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Kotak Funds - India Midcap FundsInstitutions Foreign Portfolio Investor	–	–	–	1.04%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
First State Investments ICVC-Stewart Investors Asia Pacific FubdInstitutions Foreign Portfolio Investor	–	1.18%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
National Westminster Bank Plc As Depositary of First State Asia Pacific Fund A Sub Fund of First State Investments IcvcInstitutions Foreign Portfolio Investor	1.18%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–

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.