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Vardhman Holdings shareholders and shareholding pattern

NSE: VHLBSE: 500439FinanceSmall Cap

Formerly Vardhman Spinning & General Mills
Last close ₹3,329.00down ₹240.10 (6.73%)BSE ₹3,347.10

Share price at the NSE close on 23 Oct 2026. Previous close ₹3,569.10.

52-week range of traded prices to 23 Oct 2026
₹2,870.00Low, 30 Mar 2026₹4,275.00High, 27 Oct 2025
Market cap
₹1,062 Cr1,447th largest listed
P/E
4.2
P/B
0.3
Dividend yield
0.15%
ROE
6.9%
ROCE
0.5%
Debt to equity
0.00
Volume, NSE
1,62250.7% delivered

Who owns Vardhman Holdings, 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

  • Promoters74.90%
  • Foreign institutions0.05%
  • Indian institutions0.06%
  • Individuals and others24.99%

Shareholding pattern, per cent, from Sep 2022

  • Promoters
  • Foreign institutions
  • Indian institutions
  • Individuals and others
Per centDec 2016Filed 9 JanMar 2017Filed 10 AprJun 2017Filed 7 JulSep 2017Filed 12 OctDec 2017Filed 12 JanMar 2018Filed 9 AprJun 2018Filed 10 JulSep 2018Filed 17 OctDec 2018Filed 18 JanMar 2019Filed 19 AprJun 2019Filed 30 JulSep 2019Filed 22 OctDec 2019Filed 18 JanMar 2020Filed 29 AprJun 2020Filed 20 JulSep 2020Filed 12 OctDec 2020Filed 21 JanMar 2021Filed 16 AprJun 2021Filed 17 JulSep 2021Filed 16 OctDec 2021Filed 20 JanMar 2022Filed 16 AprJun 2022Filed 7 JulSep 2022Filed 21 OctDec 2022Filed 18 JanMar 2023Filed 17 AprJun 2023Filed 20 JulSep 2023Filed 16 OctDec 2023Filed 11 JanMar 2024Filed 19 AprJun 2024Filed 15 JulSep 2024Filed 15 OctDec 2024Filed 14 JanMar 2025Filed 14 AprJun 2025Filed 15 JulSep 2025Filed 16 OctDec 2025Filed 16 JanMar 2026Filed 11 AprJun 2026Filed 9 JulSep 2026Filed 14 Oct
74.90%74.90%74.90%74.90%74.90%74.90%74.90%74.90%74.90%74.90%74.90%74.90%74.90%74.90%74.90%74.90%74.90%74.90%74.90%74.90%74.90%74.90%74.90%74.90%74.90%74.90%74.90%74.90%74.90%74.90%74.90%74.90%74.90%74.90%74.90%74.90%74.90%74.90%74.90%74.90%
Indian promoters74.90%74.90%74.90%74.90%74.90%74.90%74.90%74.90%74.90%74.90%74.90%74.90%74.90%74.90%74.90%74.90%74.90%74.90%74.90%74.90%74.90%74.90%74.90%74.90%74.90%74.90%74.90%74.90%74.90%74.90%74.90%74.90%74.90%74.90%74.90%74.90%74.90%74.90%74.90%74.90%
25.10%25.10%25.10%25.10%25.10%25.10%25.10%25.10%25.10%25.10%25.10%25.10%25.10%25.10%25.10%25.10%25.10%25.10%25.10%25.10%25.10%25.10%25.10%25.10%25.10%25.10%25.10%25.10%25.10%25.10%25.10%25.10%25.10%25.10%25.10%25.10%25.10%25.10%25.10%25.10%
Shares in issue31,91,53631,91,53631,91,53631,91,53631,91,53631,91,53631,91,53631,91,53631,91,53631,91,53631,91,53631,91,53631,91,53631,91,53631,91,53631,91,53631,91,53631,91,53631,91,53631,91,53631,91,53631,91,53631,91,53631,91,53631,91,53631,91,53631,91,53631,91,53631,91,53631,91,53631,91,53631,91,53631,91,53631,91,53631,91,53631,91,53631,91,53631,91,53631,91,53631,91,536
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 Vardhman Holdings shareholders

Shareholders on the company's register in each filing.

Shareholders, filing by filing

ShareholdersDec 2016Filed 9 JanMar 2017Filed 10 AprJun 2017Filed 7 JulSep 2017Filed 12 OctDec 2017Filed 12 JanMar 2018Filed 9 AprJun 2018Filed 10 JulSep 2018Filed 17 OctDec 2018Filed 18 JanMar 2019Filed 19 AprJun 2019Filed 30 JulSep 2019Filed 22 OctDec 2019Filed 18 JanMar 2020Filed 29 AprJun 2020Filed 20 JulSep 2020Filed 12 OctDec 2020Filed 21 JanMar 2021Filed 16 AprJun 2021Filed 17 JulSep 2021Filed 16 OctDec 2021Filed 20 JanMar 2022Filed 16 AprJun 2022Filed 7 JulSep 2022Filed 21 OctDec 2022Filed 18 JanMar 2023Filed 17 AprJun 2023Filed 20 JulSep 2023Filed 16 OctDec 2023Filed 11 JanMar 2024Filed 19 AprJun 2024Filed 15 JulSep 2024Filed 15 OctDec 2024Filed 14 JanMar 2025Filed 14 AprJun 2025Filed 15 JulSep 2025Filed 16 OctDec 2025Filed 16 JanMar 2026Filed 11 AprJun 2026Filed 9 JulSep 2026Filed 14 Oct
All shareholders7,2117,2617,8518,0368,0579,3089,3189,3079,2389,0988,9728,9658,9078,6258,5908,4658,1808,1618,3078,4848,4159,6739,6939,8989,7289,5929,4269,2769,0979,1859,5989,83311,11911,33011,23911,19410,84610,68810,44610,306
16161616161616161616161616161616161616161616161616161616161616161616161616161616
Indian promoters16161616161616161616161616161616161616161616161616161616161616161616161616161616
7,1957,2457,8358,0208,0419,2929,3029,2919,2229,0828,9568,9498,8918,6098,5748,4498,1648,1458,2918,4688,3999,6579,6779,8829,7129,5769,4109,2609,0819,1699,5829,81711,10311,31411,22311,17810,83010,67210,43010,290
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.

Vardhman Holdings 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 DEVAKAR INVESTMENT AND TRADING COMPANY PRIVATE LIMITED, 34.29%. The filing names 2 more members with no shares.

Holder
DEVAKAR INVESTMENT AND TRADING COMPANY PRIVATE LIMITEDIndian companies, trusts and others34.29%10,94,330
ADISHWAR ENTERPRISES LLPIndian companies, trusts and others32.86%10,48,770
SHRI PAUL OSWALIndividuals and Hindu undivided families1.78%56,880
FLAMINGO FINANCE AND INVESTMENT COMPANY LIMITEDIndian companies, trusts and others1.59%50,671
RAMANIYA FINANCE AND INVESTMENT COMPANY LIMITEDIndian companies, trusts and others0.92%29,343
SUCHITA JAINIndividuals and Hindu undivided families0.89%28,416
SHAKUN OSWALIndividuals and Hindu undivided families0.60%19,084
NORTHERN TRADING COMPANYIndian companies, trusts and others0.43%13,760
SANTON FINANCE AND INVESTMENT COMPANY LIMITEDIndian companies, trusts and others0.38%12,266
MAHAVIR SPINNING MILLS PRIVATE LIMITEDIndian companies, trusts and others0.32%10,332
EASTERN TRADING COMPANYIndian companies, trusts and others0.31%9,840
PARAS SYNDICATEIndian companies, trusts and others0.24%7,610
No promoter shares are reported as pledged.

Largest public holders of Vardhman Holdings, filing by filing

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

HolderDec 2016Filed 9 JanMar 2017Filed 10 AprJun 2017Filed 7 JulSep 2017Filed 12 OctDec 2017Filed 12 JanMar 2018Filed 9 AprJun 2018Filed 10 JulSep 2018Filed 17 OctDec 2018Filed 18 JanMar 2019Filed 19 AprJun 2019Filed 30 JulSep 2019Filed 22 OctDec 2019Filed 18 JanMar 2020Filed 29 AprJun 2020Filed 20 JulSep 2020Filed 12 OctDec 2020Filed 21 JanMar 2021Filed 16 AprJun 2021Filed 17 JulSep 2021Filed 16 OctDec 2021Filed 20 JanMar 2022Filed 16 AprJun 2022Filed 7 JulSep 2022Filed 21 OctDec 2022Filed 18 JanMar 2023Filed 17 AprJun 2023Filed 20 JulSep 2023Filed 16 OctDec 2023Filed 11 JanMar 2024Filed 19 AprJun 2024Filed 15 JulSep 2024Filed 15 OctDec 2024Filed 14 JanMar 2025Filed 14 AprJun 2025Filed 15 JulSep 2025Filed 16 OctDec 2025Filed 16 JanMar 2026Filed 11 AprJun 2026Filed 9 JulSep 2026Filed 14 Oct
ANIL KUMAR GOELResident individuals, over ₹2 lakh at face value2.94%2.94%2.87%2.87%2.82%2.82%2.82%2.82%2.82%2.82%2.82%2.82%2.82%2.82%2.82%3.10%3.11%3.15%3.45%3.51%4.23%4.92%4.92%4.92%4.92%4.92%4.92%4.92%4.92%4.92%4.79%4.76%4.75%4.79%4.79%4.79%4.79%4.79%4.79%4.79%
SEEMA GOELResident individuals, over ₹2 lakh at face value1.03%1.03%1.03%1.03%––––––––––––––1.13%1.13%1.69%1.97%1.97%1.97%1.97%1.97%1.97%1.97%1.97%1.97%1.97%1.97%1.97%1.97%1.97%1.97%1.97%1.97%1.97%2.05%
CD EQUIFINANCE PRIVATE LIMITEDCompanies––––––––––––––––––––1.21%1.21%1.24%1.17%1.17%1.17%1.17%1.17%1.17%1.17%1.17%1.17%1.17%1.97%1.97%1.97%1.97%1.97%1.97%1.97%
SHELLY DESAIResident individuals, over ₹2 lakh at face value1.08%1.08%1.08%1.08%–––––1.08%1.08%1.08%1.08%1.08%1.08%1.08%1.08%1.08%1.08%1.08%1.08%1.08%1.05%1.05%1.05%1.05%1.05%1.05%1.05%1.05%1.05%1.05%1.05%1.05%1.05%1.05%1.05%1.05%1.05%1.05%
BARING INDIA PRIVATE EQUITY FUND III LISTED INVESTMENTS LIMITEDInstitutions Foreign Portfolio Investor2.24%2.24%2.24%2.24%2.24%2.24%2.24%2.24%2.24%2.24%2.24%2.24%2.24%2.24%2.24%2.24%2.24%2.24%2.24%2.24%1.11%–––––––––––––––––––
CHANDRAVADAN DESAIResident individuals, over ₹2 lakh at face value1.06%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%1.38%1.06%1.06%1.06%–––––––––––––––––––––
ANAND NARESHBHAI SHAHResident individuals, over ₹2 lakh at face value1.93%1.93%1.93%1.93%1.74%1.58%1.49%1.44%1.35%1.28%1.28%1.28%1.03%–––––––––––––––––––––––––––
PRANAY DESAIResident individuals, over ₹2 lakh at face value––––1.19%1.19%1.19%1.19%1.19%1.19%1.19%–––––––––––––––––––––––––––––
SHELLEY DESAIResident individuals, over ₹2 lakh at face value––––1.08%1.08%1.08%1.08%1.08%–––––––––––––––––––––––––––––––
PRANAY CHANDRAVADAN DESAIResident individuals, over ₹2 lakh at face value1.03%1.19%1.19%1.19%––––––––––––––––––––––––––––––––––––
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.