4.3 · Shareholding

Ownership and shareholding

Equity shareholders of Kelvoran Industrial Systems Private Limited as at 31 Mar 2025, per the annual return.

Shareholding pattern

Equity shareholders, shares held, face value and percentage ownership
Shareholder	Number of shares	Amount per share (INR)	% of total shares
Ishaan MehraModerateIndividual · Promoter and Managing Director.Review target: view findings	4,20,000	10	35.00
Tessellate Growth Partners Fund IFund · Financial investor since 2021. Nominates a non-executive director (Neel Kapadia).	3,24,000	10	27.00
Rivanta Engineering Services LLPHighLLP · Associated entity and a target of this review. The MD was a designated partner until Mar 2022.Review target: view findings	2,16,000	10	18.00
Anika MehraIndividual · Promoter group (spouse of the Managing Director).	1,80,000	10	15.00
Kelvoran Employee Welfare TrustTrust · Holds shares for an employee incentive plan.	60,000	10	5.00
Total	12,00,000	—	100.00

Source: annual return· face value INR 10 per share · synthetic data

Ownership split

12,00,000equity shares

Ishaan Mehra35.00%
Tessellate Growth Partners Fund I27.00%
Rivanta Engineering Services LLP18.00%
Anika Mehra15.00%
Kelvoran Employee Welfare Trust5.00%

Reconciliation

Shares held (12,00,000) equal paid-up shares in the registry (12,00,000)
Percentages total 100.00%
Share capital (INR 1.20 crore) matches paid-up capital (INR 1.20 crore)

Note

Rivanta Engineering Services LLP (18.00%) is itself a review target with a high-risk finding (F-11). The Managing Director was a designated partner of Rivanta until March 2022.