Shareholding Pattern: Shareholding Pattern Akshar Spintex 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	9.39	3.61	37.57	12.04	-25.53 %
Public	15.61	26.39	62.42	87.95	+25.53 %
DII	0	0	0	0	0
FII	0.00	0.00	0.01	0.01	0
Government	0	0	0	0	0

Promoters’ shareholding decreased from 37.57% in December 2023 to 12.04% 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 62.42% in December 2023 to 87.95% in March 2024.This change suggests that the public’s investment in the company grew during the quarter.FIIs (Foreign Institutional Investors) shareholding remained at 0.01% from December 2023 to March 2024. , indicating no change in the investment levels by foreign institutions in the company.

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 (%)
HARIKRISHNA SHAMJIBHAI CHAUHAN	0.890	0.050	3.56	0.17	-3.39 %
HARIKRUSHNA SHAMJIBHAI CHAUHAN	2.316	0.589	9.26	1.96	-7.3 %
REKHABEN HARIKRUSHNABHAI CHAUHAN	4.115	2.413	16.46	8.05	-8.41 %
AMIT VALLABHBHAI GADHIYA	1.820	0.557	7.28	1.86	-5.42 %
NAYAN VALLABHBHAI GADHIYA	0.067	0.000	0.27	0	-0.27 %

HARIKRISHNA SHAMJIBHAI CHAUHAN faced a downturn in stakeholding this quarter, witnessing a decline of -3.39 % in stakeholding compared to the previous quarter.HARIKRUSHNA SHAMJIBHAI CHAUHAN faced a downturn in stakeholding this quarter, witnessing a decline of -7.3 % in stakeholding compared to the previous quarter.REKHABEN HARIKRUSHNABHAI CHAUHAN faced a downturn in stakeholding this quarter, witnessing a decline of -8.41 % in stakeholding compared to the previous quarter.AMIT VALLABHBHAI GADHIYA faced a downturn in stakeholding this quarter, witnessing a decline of -5.42 % in stakeholding compared to the previous quarter.NAYAN VALLABHBHAI GADHIYA faced a downturn in stakeholding this quarter, witnessing a decline of -0.27 % in stakeholding compared to the previous 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 (%)
Directors and their relatives (excluding independent directors and nominee directors)	0.788	0.090	3.15	0.3	-2.85 %
Resident Individuals holding nominal share capital up to Rs. 2 lakhs	7.658	19.871	30.63	66.24	+ 35.61 %
Resident Individuals holding nominal share capital in excess of Rs. 2 lakhs	6.098	4.786	24.39	15.96	-8.43 %
ANKIT JAIN	0	0.436	0	1.45	+1.45%
Non Resident Indians (NRIs)	0.130	0.513	0.52	1.71	+ 1.19 %
Bodies Corporate	0.593	0.760	2.37	2.53	+ 0.16 %
Any Other (specify)	0.337	0.365	1.35	1.22	-0.13 %
HUF	0.269	0.315	1.07	1.05	-0.02 %
Clearing Members	0.069	0.049	0.28	0.16	-0.12 %
ILABEN DINESHBHAI PAGHDAR	0.788	0	3.15	0	-3.15%
NAVNEET VASHARAMBHAI GAJERA	0.593	0	2.37	0	-2.37%
SAHIL JAYNTILAL PAMBHAR	0.282	0	1.13	0	-1.13%
CHARMEE NAYAN GADHIYA	0.704	0	2.82	0	-2.82%
SONAL PRAKASHKUMAR SORATHIA	1.348	0	5.39	0	-5.39%

Observations show a significant difference of -2.85 % in Directors and their relatives (excluding independent directors and nominee directors)’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 35.61 %.Observations show a significant difference of -8.43 % 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 1.19 %.Leading the way to higher stakeholding, Bodies Corporate has significantly boosted stakeholding by an impressive 0.16 %.Observations show a significant difference of -0.13 % in Any Other (specify)’s financial performance between quarters.Observations show a significant difference of -0.02 % in HUF’s financial performance between quarters.Observations show a significant difference of -0.12 % in Clearing Members’s financial performance between quarters.ANKIT JAIN had no shares in the previous quarter but now holds 1.45% of shares in the current quarter.ILABEN DINESHBHAI PAGHDAR had 3.15% of shares in the previous quarter but exited in the current quarter.NAVNEET VASHARAMBHAI GAJERA had 2.37% of shares in the previous quarter but exited in the current quarter.SAHIL JAYNTILAL PAMBHAR had 1.13% of shares in the previous quarter but exited in the current quarter.CHARMEE NAYAN GADHIYA had 2.82% of shares in the previous quarter but exited in the current quarter.SONAL PRAKASHKUMAR SORATHIA had 5.39% of shares in the previous quarter but exited in the current quarter.