Key Quantitative Figures

Capital Structure Overview

  • Total Shares Outstanding: 53,326,024 shares
  • Fully Paid-up Equity Shares: 50,185,945 shares
  • Partly Paid-up Equity Shares: 3,140,079 shares
  • Shares Underlying Depository Receipts: 0 shares

Shareholding Distribution

  • Promoter & Promoter Group Holding: 18,375,078 shares (34.46%)
  • Public Shareholding: 34,950,946 shares (65.54%)
  • Non-Promoter Non-Public: 0 shares

Voting Rights Structure

  • Total Voting Rights: 50,185,945
  • Promoter & Promoter Group Voting Rights: 18,355,078 (36.57%)
  • Public Shareholder Voting Rights: 31,830,867 (63.43%)

Special Instruments

  • Outstanding ESOPs: 3,770,000 shares
  • Locked-in Shares: 3,620,093 shares (6.79% of total shares)
  • Shares Pledged: 0 shares (No encumbrance on promoter shares)

Foreign Ownership

  • Approved Foreign Limit: 100%
  • Foreign Limit Utilized (Current Quarter): 4.59%
  • Previous Quarter Utilization: 2.68% (Q4 2025), 2.68% (Q3 2025), 3.04% (Q2 2025), 2.95% (Q1 2025)

Promoter Group Details

Individual Promoters (6 individuals)

1. Gokul Naresh Tandan (PAN: AACPT0696H): 9,492,995 shares (17.8%), 950,000 locked shares

2. Ritu Tandan (PAN: ABTPT2451N): 21,638 shares (0.04%)

3. Sagarika Tandan (PAN: AFDPT6003J): 129,857 shares (0.24%)

4. Samrath Bedi (PAN: AFIPB7263F): 4,665,529 shares (8.75%), 750,000 locked shares

5. Rajendra V Kulkarni (PAN: ABBPK8719J): 580,000 shares (1.09%), 130,000 locked shares

6. Prabhudev V Kulkarni (PAN: AACPK5211F): 81,371 shares (0.15%), including 20,000 partly paid shares

Corporate Promoters (2 entities)

1. Virtual Software and Training Pvt Ltd (PAN: AAACV8390F): 3,342,472 shares (6.27%)

2. M R Capital Private Limited (PAN: AAACM4738Q): 61,216 shares (0.11%)

Public Shareholding Breakdown

Institutional Holding

  • NBFCs registered with RBI: 4,300 shares (0.01%)

Non-Institutional Holding (4,617 shareholders)

  • Resident Individuals (up to ₹2 lakh): 3,047,276 shares (5.71%) held by 4,369 shareholders
  • Resident Individuals (above ₹2 lakh): 23,259,420 shares (43.62%) held by 118 shareholders
  • Non-Resident Indians (NRIs): 2,277,372 shares (4.27%) held by 62 shareholders
  • Foreign Companies: 84,170 shares (0.16%) held by 1 shareholder
  • Bodies Corporate: 6,045,093 shares (11.34%) held by 57 shareholders
  • Clearing Members: 233,315 shares (0.44%) held by 10 shareholders

Significant Public Shareholders

Key individual public shareholders holding more than ₹2 lakh include:

  • Sanjay Kumar Jain: 650,000 shares
  • Gurmeet Singh Anand: 622,500 shares
  • Kirti Handa: 585,230 shares
  • Shantanu Upadhyay: 4,028,957 shares (including 145,000 partly paid)
  • Lata Upadhyay: 1,503,444 shares
  • Nitin Garg: 1,136,737 shares
  • Ravi Bhatia: 540,289 shares (all partly paid)
  • Amitoj Arya: 1,960,050 shares (including 440,000 partly paid)
  • Ruchi Garg: 644,431 shares

Dematerialization Status

  • Total Dematerialized Shares: 52,821,368 shares
  • Promoter Dematerialized Holdings: 18,375,078 shares (100% of promoter holding)
  • Public Dematerialized Holdings: 34,446,290 shares (98.55% of public holding)