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.
Max India 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 |
2.20 Cr |
2.20 Cr |
50.94 |
50.94 |
0 |
Public |
2.12 Cr |
2.12 Cr |
40.83 |
41.34 |
+0.51 % |
DII
|
3.52 Lakh |
4.09 Lakh |
0.82 |
0.95 |
+0.13 % |
FII
|
31.97 Lakh |
29.23 Lakh |
7.41 |
6.77 |
-0.64 % |
Government
|
0 |
0 |
0 |
0 |
0 |
Promoters shareholding remained stable, at 50.94% in both September 2024- and December 2024-. This indicates that the promoters’ control over the company did not change during this period. The percentage of shares held by the public increased from 40.83% in September 2024-2025 to 41.34% 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 0.82% in September 2024-2025 to 0.95% in December 2024 , indicating that domestic institutions increased their stake in the company by 0.13% . FIIs (Foreign Institutional Investors) shareholding decreased from 7.41% in September 2024- to 6.77% in December 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.
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 (%) |
Siva Finvest (fomerly known as Siva Enterprises ) |
0 |
30.07 Lakh |
0 |
6.97 |
+6.97% |
SIVA ENTERPRISES |
30.07 Lakh |
0 |
6.97 |
0 |
-6.97% |
Siva Finvest (fomerly known as Siva Enterprises ) had no shares in the previous quarter but now holds 6.97% of shares in the current quarter.SIVA ENTERPRISES had 6.97% 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 (%) |
Resident Individuals holding nominal share capital up to Rs. 2 lakhs |
86.66 Lakh |
86.89 Lakh |
20.07 |
20.13 |
+ 0.06 % |
Resident Individuals holding nominal share capital in excess of Rs. 2 lakhs |
61.95 Lakh |
63.41 Lakh |
14.35 |
14.69 |
+ 0.34 % |
MURUGU SELVAN K |
6.07 Lakh |
6.25 Lakh |
1.41 |
1.45 |
+ 0.04 % |
NIVEDITA RITESH OSWAL |
5.10 Lakh |
5.00 Lakh |
1.18 |
1.16 |
-0.02 % |
Non Resident Indians (NRIs) |
12.25 Lakh |
12.23 Lakh |
2.84 |
2.83 |
-0.01 % |
Bodies Corporate |
11.23 Lakh |
11.86 Lakh |
2.6 |
2.75 |
+ 0.15 % |
Any Other (specify) |
2.95 Lakh |
2.83 Lakh |
0.68 |
0.66 |
-0.02 % |
Unclaimed or Suspense or Escrow Account |
2.71 Lakh |
2.61 Lakh |
0.63 |
0.6 |
-0.03 % |
Leading the way to higher stakeholding, Resident Individuals holding nominal share capital up to Rs. 2 lakhs has significantly boosted stakeholding by an impressive 0.06 %.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 0.34 %.Leading the way to higher stakeholding, MURUGU SELVAN K has significantly boosted stakeholding by an impressive 0.04 %.Observations show a significant difference of -0.02 % in NIVEDITA RITESH OSWAL’s financial performance between quarters.Observations show a significant difference of -0.01 % in Non Resident Indians (NRIs)’s financial performance between quarters.Leading the way to higher stakeholding, Bodies Corporate has significantly boosted stakeholding by an impressive 0.15 %.Observations show a significant difference of -0.02 % in Any Other (specify)’s financial performance between quarters.Observations show a significant difference of -0.03 % in Unclaimed or Suspense or Escrow Account’s financial performance between quarters.
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 |
3.50 Lakh |
4.07 Lakh |
0.81 |
0.94 |
+ 0.13 % |
The latest quarter saw a considerable enhancement in stakeholding for Alternate Investment Funds, reflecting an uptick of 0.13 % in their shares.
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 |
31.97 Lakh |
29.19 Lakh |
7.41 |
6.76 |
-0.65 % |
CASSINI PARTNERS, L.P. MANAGED BY HABROK CAPITAL MANAGEMENT LLP |
0 |
12.25 Lakh |
0 |
2.84 |
+2.84% |
Foreign Portfolio Investors Category II |
0 |
3.64 K |
0 |
0.01 |
+0.01% |
CASSINI PARTNERS, L.P. MANAGED BY HABROK CAPITAL MANAGEMENT LLP |
12.25 Lakh |
0 |
2.84 |
0 |
-2.84% |
Stakeholding dwindled by -0.65 % for Foreign Portfolio Investors Category I in comparison to the preceding quarter.CASSINI PARTNERS, L.P. MANAGED BY HABROK CAPITAL MANAGEMENT LLP had no shares in the previous fiii quarter but now holds 2.84% of shares in the current quarter.Foreign Portfolio Investors Category II had no shares in the previous fiii quarter but now holds 0.01% of shares in the current quarter.CASSINI PARTNERS, L.P. MANAGED BY HABROK CAPITAL MANAGEMENT LLP had 2.84% of shares in the previous quarter but exited in the current quarter.
Porinju Veliyath, these shareholders are the Anchor investors of current and previous quarter. [my_shortcode1 values=”Max India”]