Shareholding results refer to the distribution of ownership stakes in a company as disclosed in financial reports. These results provide insights into who holds shares, including institutional and retail investors, and can indicate trends in investor confidence. Analyzing shareholding results helps stakeholders understand the company’s ownership dynamics and potential market influence.
Emkay Global Financial Service has released its latest shareholding reports, covering the third quarter and the fiscal year ending on (Q3-Dec 2024-2025).This detailed report examines who owns shares, including Promoters, promoter groups, Foreign investors, public investors, and government entities.
Shareholder Name |
Previous Quarter Quantity |
Current Quarter Quantity |
Previous Quarter Shares(in %) |
Current Quarter Shares(in %) |
Quarter to Quarter Difference |
Promoters |
1.84 Cr |
1.84 Cr |
73.89 |
73.37 |
-0.52 % |
Public |
64.84 Lakh |
66.63 Lakh |
25.33 |
25.7 |
+0.37 % |
DII
|
2.43 K |
24.12 K |
0.01 |
0.1 |
+0.09 % |
FII
|
1.91 Lakh |
2.08 Lakh |
0.77 |
0.83 |
+0.06 % |
Government
|
0 |
0 |
0 |
0 |
0 |
Promoters’ shareholding decreased from 73.89% in September 2024- to 73.37% in December 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 25.33% in September 2024-2025 to 25.7% in December 2024-2025.This change suggests that the public’s investment in the company grew during the quarter.DIIs (Domestic Institutional Investors) shareholding increased from 0.01% in September 2024-2025 to 0.1% in December 2024 , indicating that domestic institutions increased their stake in the company by 0.09% . FIIs (Foreign Institutional Investors): There was a significant increase from 0.77% in September 2024-2025 to 0.83% in December 2024-2025. This suggests that foreign institutions grew their investments 0.06 in the company during the quarter.
Let’s look into the statistics of the investors, which could have contributed to the fluctuations in the shareholding pattern.
Below is a detailed table presenting the shareholding percentage of Promoters.
Shareholder Name |
Previous Quarter Quantity |
Current Quarter Quantity |
Previous Quarter Shares (in %) |
Current Quarter Shares (in %) |
Quarter-to-Quarter Difference (%) |
Krishna Kumar Karwa |
49.23 Lakh |
49.23 Lakh |
19.82 |
19.68 |
-0.14 % |
Prakash Kacholia |
47.50 Lakh |
47.50 Lakh |
19.12 |
18.99 |
-0.13 % |
Priti Prakash Kacholia |
18.80 Lakh |
18.80 Lakh |
7.57 |
7.51 |
-0.06 % |
Raunak Karwa |
17.50 Lakh |
17.50 Lakh |
7.05 |
7 |
-0.05 % |
Emkay Corporate Services |
0 |
48.51 Lakh |
0 |
19.39 |
+19.39% |
Emkay Corporate Services Pvt. |
48.51 Lakh |
0 |
19.53 |
0 |
-19.53% |
Krishna Kumar Karwa faced a downturn in stakeholding this quarter, witnessing a decline of -0.14 % in stakeholding compared to the previous quarter.Prakash Kacholia faced a downturn in stakeholding this quarter, witnessing a decline of -0.13 % in stakeholding compared to the previous quarter.Priti Prakash Kacholia faced a downturn in stakeholding this quarter, witnessing a decline of -0.06 % in stakeholding compared to the previous quarter.Raunak Karwa faced a downturn in stakeholding this quarter, witnessing a decline of -0.05 % in stakeholding compared to the previous quarter.Emkay Corporate Services had no shares in the previous quarter but now holds 19.39% of shares in the current quarter.Emkay Corporate Services Pvt. had 19.53% of shares in the previous quarter but exited in the current quarter.
Below is a detailed table showcasing the public shareholding percentage.
Shareholder Name |
Previous Quarter Quantity |
Current Quarter Quantity |
Previous Quarter Shares (in %) |
Current Quarter Shares (in %) |
Quarter-to-Quarter Difference (%) |
Key Managerial Personnel |
20.60 K |
18.30 K |
0.08 |
0.07 |
-0.01 % |
Investor Education and Protection Fund |
13.19 K |
14.16 K |
0.05 |
0.06 |
+ 0.01 % |
Resident Individuals holding nominal share capital up to Rs. 2 lakhs |
26.03 Lakh |
26.12 Lakh |
10.48 |
10.44 |
-0.04 % |
Resident Individuals holding nominal share capital in excess of Rs. 2 lakhs |
20.86 Lakh |
24.41 Lakh |
8.4 |
9.76 |
+ 1.36 % |
Sanjiv Dhireshbhai Shah |
0 |
2.58 Lakh |
0 |
1.03 |
+1.03% |
Rajiv P Shroff |
5.01 Lakh |
3.78 Lakh |
2.02 |
1.51 |
-0.51 % |
Dolly Khanna |
6.15 Lakh |
6.90 Lakh |
2.48 |
2.76 |
+ 0.28 % |
Non Resident Indians (NRIs) |
1.75 Lakh |
2.07 Lakh |
0.71 |
0.83 |
+ 0.12 % |
Bodies Corporate |
7.55 Lakh |
5.36 Lakh |
3.04 |
2.14 |
-0.9 % |
Clover Infotech |
2.84 Lakh |
2.84 Lakh |
1.14 |
1.13 |
-0.01 % |
Any Other (specify) |
6.39 Lakh |
6.03 Lakh |
2.57 |
2.41 |
-0.16 % |
HUF |
3.22 Lakh |
3.16 Lakh |
1.29 |
1.26 |
-0.03 % |
Employees |
1.94 Lakh |
1.90 Lakh |
0.78 |
0.76 |
-0.02 % |
LLP |
52.10 K |
25.52 K |
0.21 |
0.1 |
-0.11 % |
Observations show a significant difference of -0.01 % in Key Managerial Personnel’s financial performance between quarters.Leading the way to higher stakeholding, Investor Education and Protection Fund has significantly boosted stakeholding by an impressive 0.01 %.Observations show a significant difference of -0.04 % in Resident Individuals holding nominal share capital up to Rs. 2 lakhs’s financial performance between quarters.Leading the way to higher stakeholding, Resident Individuals holding nominal share capital in excess of Rs. 2 lakhs has significantly boosted stakeholding by an impressive 1.36 %.Observations show a significant difference of -0.51 % in Rajiv P Shroff’s financial performance between quarters.Leading the way to higher stakeholding, Dolly Khanna has significantly boosted stakeholding by an impressive 0.28 %.Leading the way to higher stakeholding, Non Resident Indians (NRIs) has significantly boosted stakeholding by an impressive 0.12 %.Observations show a significant difference of -0.9 % in Bodies Corporate’s financial performance between quarters.Observations show a significant difference of -0.01 % in Clover Infotech’s financial performance between quarters.Observations show a significant difference of -0.16 % in Any Other (specify)’s financial performance between quarters.Observations show a significant difference of -0.03 % in HUF’s financial performance between quarters.Observations show a significant difference of -0.02 % in Employees’s financial performance between quarters.Observations show a significant difference of -0.11 % in LLP’s financial performance between quarters.Sanjiv Dhireshbhai Shah had no shares in the previous quarter but now holds 1.03% of shares in the current quarter.
Below is a detailed table presenting the shareholding percentage of DIIs.
Shareholder Name |
Previous Quarter Quantity |
Current Quarter Quantity |
Previous Quarter Shares (in %) |
Current Quarter Shares (in %) |
Quarter-to-Quarter Difference (%) |
Alternate Investment Funds |
0 |
21.69 K |
0 |
0.09 |
+0.09% |
Alternate Investment Funds had no shares in the previous quarter but now holds 0.09% of shares in the current quarter.
The table below displays the shareholding percentage of FIIs.
Shareholder Name |
Previous Quarter Quantity |
Current Quarter Quantity |
Previous Quarter Shares (in %) |
Current Quarter Shares (in %) |
Quarter-to-Quarter Difference (%) |
Foreign Portfolio Investors Category I |
1.91 Lakh |
1.87 Lakh |
0.77 |
0.75 |
-0.02 % |
Foreign Portfolio Investors Category II |
0 |
20.51 K |
0 |
0.08 |
+0.08% |
Stakeholding dwindled by -0.02 % for Foreign Portfolio Investors Category I in comparison to the preceding quarter.Foreign Portfolio Investors Category II had no shares in the previous fiii quarter but now holds 0.08% of shares in the current quarter.
Dolly Khanna, these shareholders are the Anchor investors of current and previous quarter. [my_shortcode1 values=”Emkay Global Financial Service”]