Flywings promoter holds 59.87% stake, no shares encumbered
Rupal Sanjay Mandavia declared a 59.87% stake in Flywings Simulator Training Centre Limited, holding 60,93,414 shares as of March 31, 2026. The filing confirms no shares are encumbered. Other promoter group members hold zero shares.

*this image is generated using AI for illustrative purposes only.
Rupal Sanjay Mandavia holds a 59.87% stake in Flywings Simulator Training Centre Limited, owning 60,93,414 shares as of the financial year ended March 31, 2026. The disclosure confirms that no shares held by the promoter and promoter group are encumbered directly or indirectly.
The declaration was submitted to the National Stock Exchange of India Limited in compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation requires promoters to disclose their shareholding and encumbrance status at the end of each financial year.
Shareholding Details
The filing details the shareholding pattern for the promoter and promoter group. While Rupal Sanjay Mandavia holds the majority stake, other members of the promoter group reported zero shareholding.
| Name of the Shareholder | Category | Shareholding | Percentage |
|---|---|---|---|
| Rupal Sanjay Mandavia | Promoter | 60,93,414 | 59.87% |
| Bhargava Natvarlal Mandavia | Promoter Group | 0 | 0.00% |
| Sanjay Natvarlal Mandavia | Promoter Group | 0 | 0.00% |
| Bhakti Mitul Mandavia | Promoter Group | 0 | 0.00% |
| Hitansh Sanjay Mandavia | Promoter Group | 0 | 0.00% |
| Hiten Pravin Vora | Promoter Group | 0 | 0.00% |
| Kamlesh Mangalbhai Desai | Promoter Group | 0 | 0.00% |
| Khusi Mandavia | Promoter Group | 0 | 0.00% |
| Natvarlal Kapurchand Mandavia | Promoter Group | 0 | 0.00% |
| Nipa Mitul Mandavia | Promoter Group | 0 | 0.00% |
| Pravin Vora | Promoter Group | 0 | 0.00% |
| Priti J Vora | Promoter Group | 0 | 0.00% |
| Pushti Mitul Mandavia | Promoter Group | 0 | 0.00% |
| Sheetal Kamlesh Desai | Promoter Group | 0 | 0.00% |
| Varsha Kamlesh Desai | Promoter Group | 0 | 0.00% |
| Mitul Natvarlal Mandavia | Promoter | 0 | 0.00% |
The disclosure was signed by Rupal Sanjay Mandavia on behalf of the promoter and promoter group.
Historical Stock Returns for Flywings Simulator Training Centre
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.43% | -4.10% | -4.65% | -19.44% | -19.44% | -19.44% |
Does Rupal Sanjay Mandavia plan to increase her stake further or maintain the current majority holding?
What are the potential implications for corporate governance given the concentration of ownership with a single promoter?
Could the unencumbered status of the shares signal upcoming fundraising or pledge activities?




























