As of September 2025, 53.75% is owned by Indian Promoters and 46.25% by Public.
Top five Promoters holding highest number of shares of Shah Alloys company are Rajendrabhai V Shah (79.12 lakhs shares / 39.97%), Rajendrabhai V Shah Huf (15.32 lakhs shares / 7.74%), Ragini Rajendrabhai Shah (11.46 lakhs shares / 5.79%), Ashvinkumar Vijaykumar Shah (34072 shares / 0.17%) and Shah Jayeshkumar Vijaykumar (16000 shares / 0.08%).