If you look at the shareholding, in September 2022, there’s no actual increase in FII shareholding, earlier there were three companies in public shareholding data- Fossebridge limied, Xatis international, and Brenzett limited and these 3 companies were shifted to FII shareholding from public shareholding(I don’t know why). All 3 are registered in British Virgin Island and their beneficial owners are Baidyanath Mahto, Kalpana Kole and Meera Ghosh. Also these 3 companies holds only Responsive Industries shares.
The promters are also not indviduals but different companies registered with the same directors or owners . The increase in promoter % also is a transfer of entire stake from Prashavnath comrade llp to Fairpoint tradecomp llp.
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