As of September 2026, 53.75% is owned by Indian Promoters and 46.25% by Public.

Top four Promoters holding highest number of shares of Shah Alloys company are Rajendrabhai V Shah (94.44 lakhs shares / 47.71%), Ragini Rajendrabhai Shah (11.46 lakhs shares / 5.79%), Ashvin V Shah (34072 shares / 0.17%) and Shah Jayeshkumar Vijaykumar (16000 shares / 0.08%).