Mazda Ltd promoters confirm no encumbrance on 48.58% stake
Mazda Ltd disclosed that its promoter group, led by Shanaya Mody Khatua, holds 97,29,011 equity shares, representing 48.58% of the total equity share capital as on 31 March 2026. The company confirmed that no encumbrance was created on these shares during the financial year ended 31 March 2026. This disclosure was made in compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011.

*this image is generated using AI for illustrative purposes only.
Mazda Ltd has confirmed that its promoter group, holding 48.58% of the company's equity share capital, has not created any encumbrance on the shares during the financial year ended 31 March 2026. Shanaya Mody Khatua, Promoter and Whole-Time Director, submitted the declaration to the stock exchanges on 04 April 2026, confirming the status of the holdings.
The disclosure was made pursuant to Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011. The filing confirms that the promoter and promoter group members collectively hold 97,29,011 equity shares as on 31 March 2026. The company stated that these shares are free from any encumbrance, directly or indirectly, for the specified period.
Promoter Group Details
The declaration covers the promoter and four individuals classified as Persons Acting in Concert (PAC) belonging to the promoter group. The list of shareholders includes:
| Name of the Person and PAC | Category |
|---|---|
| Shanaya Mody Khatua | Promoter |
| Sheila Sorab Mody | Promoter Group |
| Percy Avari | Promoter Group |
| Katty Avari | Promoter Group |
| Xerxis Avari | Promoter Group |
The confirmation of unencumbered promoter holdings provides clarity regarding the ownership structure and the absence of pledged shares within the promoter group for the financial year.
Historical Stock Returns for Mazda
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.80% | +3.90% | +20.84% | +12.46% | -2.29% | -62.02% |
Does the unencumbered status of the promoter holdings indicate potential plans for raising capital through pledging shares in the future?
How might this clear ownership structure influence investor confidence and stock liquidity in the upcoming fiscal year?
Are there any strategic acquisitions or expansion plans on the horizon that could leverage the strong promoter holding?
































