Vardhman Holdings declares no encumbrance on promoter shares for FY26
Vardhman Holdings Limited declared no encumbrance on promoter shares for FY 2025-26 under SEBI regulations. The list of 18 promoters and persons acting in concert was disclosed as of March 31, 2026.

*this image is generated using AI for illustrative purposes only.
Vardhman Holdings Limited has communicated to the National Stock Exchange of India Limited that its promoters have not encumbered their shares during the financial year 2025-26. The disclosure, submitted on April 3, 2026, adheres to the requirements of Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The company confirmed that neither the promoters nor persons acting in concert have created any direct or indirect encumbrance on the shares held by them in the specified period.
The declaration was formally signed by S.P. Oswal on behalf of the entity. It explicitly covers the timeframe of the financial year 2025-26, providing assurance to the exchange regarding the status of the promoter holdings. The communication included an annexure listing the specific individuals and entities classified as promoters and persons acting in concert as of March 31, 2026.
Promoters and Persons Acting in Concert
The list of promoters and persons acting in concert associated with vardhman holdings includes several key individuals and corporate entities. The roster comprises 18 entries in total, detailing the stakeholders who are subject to this regulatory declaration.
| Sr. No | Name(s) of the Promoters and Persons acting in Concert (PAC) with them |
|---|---|
| 1 | SHRI PAUL OSWAL |
| 2 | SHAKUN OSWAL |
| 3 | SACHIT JAIN |
| 4 | SUCHITA JAIN |
| 5 | SOUMYA JAIN |
| 6 | SAGRIKA VIR |
| 7 | MAHAVIR SPINNING MILLS PRIVATE LIMITED |
| 8 | RAMANIYA FINANCE AND INVESTMENT COMPANY LIMITED |
| 9 | DEVAKAR INVESTMENT AND TRADING COMPANY PRIVATE LIMITED |
| 10 | SANTON FINANCE AND INVESTMENT COMPANY LIMITED |
| 11 | FLAMINGO FINANCE AND INVESTMENT COMPANY LIMITED |
| 12 | ADISHWAR ENTERPRISES LLP |
| 13 | AMBER SYNDICATE |
| 14 | PARAS SYNDICATE |
| 15 | NORTHERN TRADING COMPANY |
| 16 | EASTERN TRADING COMPANY |
| 17 | SP OSWAL TRUST (SHRI PAUL OSWAL, TRUSTEE) |
| 18 | MRS. SHAKUN OSWAL TRUST (SHRI PAUL OSWAL, TRUSTEE) |
The submission serves as a formal compliance update, ensuring that the exchange is informed about the standing of the promoter shareholding structure. The document was addressed to the Listing Department of the exchange and included the requisite annexure.
Historical Stock Returns for Vardhman Holdings
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.20% | -2.74% | +0.31% | -9.61% | -15.79% | +32.76% |
How might Vardhman Holdings' clean promoter encumbrance record influence institutional investor confidence and potential inflow of foreign portfolio investments in the upcoming quarters?
Given the complex web of 18 promoter entities and individuals, how could any future restructuring or consolidation within the Oswal family's holding companies impact the overall promoter shareholding pattern?
Could the consistent absence of share encumbrances by Vardhman Holdings' promoters signal potential plans for organic expansion or strategic acquisitions funded through alternative financing routes?































