Shareholding Pattern: Shareholding Pattern IDEAFORGE TECHNOLOGY LIMITED An Examination of Financial Performance for FY (Q4-Mar 2023-2024)

Shareholder Name	Previous Quater Quantity(In Crores)	Current Quater Quantity(In Crores)	Previous Quater Shares(in %)	Current Quater Shares(in %)	Quater to Quater Difference
Promoters	1.26	1.26	29.34	29.33	-0.01 %
Public	3.03	3.03	60.79	64.14	+3.35 %
DII	0.27	0.16	6.4	3.78	-2.62 %
FII	0.15	0.12	3.47	2.75	-0.72 %
Government	0	0	0	0	0

Promoters’ shareholding decreased from 29.34% in December 2023 to 29.33% in March 2024. This reduction indicates that the promoters’ control over Company has weakened during this period.The percentage of shares held by the public increased from 60.79% in December 2023 to 64.14% in March 2024.This change suggests that the public’s investment in the company grew during the quarter.Domestic Institutional Investor’s (DII) shareholding decreased slightly from 6.4% in December 2023 to 3.78% in March 2024 , indicating that domestic institutions reduced their -2.62 stake in the company.FIIs (Foreign Institutional Investors) shareholding decreased from 3.47% in December 2023 to 2.75% in March 2024 ,indicating that foreign institutions reduced their investments by 1.5% in the company during the quarter. This suggests a pullback in their investment .

Let’s look into the statistics of the investors, which could have contributed to the fluctuations in the shareholding pattern.

Shareholder Name	Previous Quarter Quantity (In crores)	Current Quarter Quantity (In crores)	Previous Quarter Shares (in %)	Current Quarter Shares (in %)	Quarter-to-Quarter Difference (%)
Ankit Mehta	0	0.369	0	8.6	+8.6%
Rahul Singh	0	0.358	0	8.36	+8.36%
Ankit Mehta	0.369	0	8.6	0	-8.6%
Rahul Singh	0.358	0	8.36	0	-8.36%

Ankit Mehta had no shares in the previous quarter but now holds 8.6% of shares in the current quarter.Rahul Singh had no shares in the previous quarter but now holds 8.36% of shares in the current quarter.Ankit Mehta had 8.6% of shares in the previous quarter but exited in the current quarter.Rahul Singh had 8.36% of shares in the previous quarter but exited in the current quarter.

Shareholder Name	Previous Quarter Quantity (In Crores)	Current Quarter Quantity (In Crores)	Previous Quater Shares (in %)	Current Quater Shares (in %)	Quater-to-Quater Difference (%)
Key Managerial Personnel	0.220	0.215	5.14	5.01	-0.13 %
Vipul Joshi	0	0.186	0	4.34	+4.34%
Resident Individuals holding nominal share capital up to Rs. 2 lakhs	0.542	0.873	12.64	20.35	+ 7.71 %
Resident Individuals holding nominal share capital in excess of Rs. 2 lakhs	0.254	0.187	5.93	4.36	-1.57 %
Non Resident Indians (NRIs)	0.191	0.202	4.46	4.71	+ 0.25 %
Foreign Companies	0.461	0.410	10.76	9.56	-1.2 %
Celesta Capital Ii Mauritius	0	0.298	0	6.94	+6.94%
Bodies Corporate	0.328	0.270	7.65	6.29	-1.36 %
Any Other (specify)	0.610	0.594	14.22	13.86	-0.36 %
Ganapathy Subramaniam	0.114	0.091	2.67	2.13	-0.54 %
Director or Director’s Relatives	0.114	0.091	2.67	2.13	-0.54 %
HUF	0.023	0.031	0.53	0.73	+ 0.2 %
LLP	0.465	0.464	10.85	10.82	-0.03 %
Vipul Joshi	0.191	0	4.46	0	-4.46%
Celesta Capital II Mauritius	0.332	0	7.75	0	-7.75%
Infina Finance Private Limited	0.106	0	2.48	0	-2.48%

Observations show a significant difference of -0.13 % in Key Managerial Personnel’s financial performance between quarters.Leading the way to higher stakeholding, Resident Individuals holding nominal share capital up to Rs. 2 lakhs has significantly boosted stakeholding by an impressive 7.71 %.Observations show a significant difference of -1.57 % in Resident Individuals holding nominal share capital in excess of Rs. 2 lakhs’s financial performance between quarters.Leading the way to higher stakeholding, Non Resident Indians (NRIs) has significantly boosted stakeholding by an impressive 0.25 %.Observations show a significant difference of -1.2 % in Foreign Companies’s financial performance between quarters.Observations show a significant difference of -1.36 % in Bodies Corporate’s financial performance between quarters.Observations show a significant difference of -0.36 % in Any Other (specify)’s financial performance between quarters.Observations show a significant difference of -0.54 % in Ganapathy Subramaniam’s financial performance between quarters.Observations show a significant difference of -0.54 % in Director or Director’s Relatives’s financial performance between quarters.Leading the way to higher stakeholding, HUF has significantly boosted stakeholding by an impressive 0.2 %.Observations show a significant difference of -0.03 % in LLP’s financial performance between quarters.Vipul Joshi had no shares in the previous quarter but now holds 4.34% of shares in the current quarter.Celesta Capital Ii Mauritius had no shares in the previous quarter but now holds 6.94% of shares in the current quarter.Vipul Joshi had 4.46% of shares in the previous quarter but exited in the current quarter.Celesta Capital II Mauritius had 7.75% of shares in the previous quarter but exited in the current quarter.Infina Finance Private Limited had 2.48% of shares in the previous quarter but exited in the current quarter.

Shareholder Name	Previous Quarter Quantity (In Crores)	Current Quarter Quantity (In Crores)	Previous Quater Shares (in %)	Current Quater Shares (in %)	Quater-to-Quater Difference (%)
Mutual Funds/	0.195	0.133	4.55	3.09	-1.46 %
Hsbc Small Cap Fund	0.074	0.067	1.73	1.55	-0.18 %
Insurance Companies	0.037	0.008	0.85	0.2	-0.65 %
NBFCs registered with RBI	0	0.001	0	0.01	+0.01%
Alternate Investment Funds	0.022	0	0.52	0	-0.52%

Mutual Funds/ decreased their stake from 3.09% in the previous quarter to 4.55% in the current quarter.It describes a decrease in stakes over consecutive quarters, specifically by -1.46 %.Hsbc Small Cap Fund decreased their stake from 1.55% in the previous quarter to 1.73% in the current quarter.It describes a decrease in stakes over consecutive quarters, specifically by -0.18 %.Insurance Companies decreased their stake from 0.2% in the previous quarter to 0.85% in the current quarter.It describes a decrease in stakes over consecutive quarters, specifically by -0.65 %.NBFCs registered with RBI had no shares in the previous quarter but now holds 0.01% of shares in the current quarter.Alternate Investment Funds had 0.52% of shares in the previous quarter but exited in the current quarter.

Shareholder Name	Previous Quarter Quantity (In Crores)	Current Quarter Quantity (In Crores)	Previous Quater Shares (in %)	Current Quater Shares (in %)	Quater-to-Quater Difference (%)
Foreign Portfolio Investors Category I	0.147	0.117	3.43	2.72	-0.71 %
Goldman Sachs Funds – Goldman Sachs India Equity Portfolio	0.056	0.059	1.31	1.37	+ 0.06 %

Stakeholding dwindled by -0.71 % for Foreign Portfolio Investors Category I in comparison to the preceding quarter.During this past quarter, there was a noteworthy upswing in stakeholding for Goldman Sachs Funds – Goldman Sachs India Equity Portfolio, which experienced a significant increase of 0.06 % .