Anil Kumar Goel stayed put on a stock in Q1 that is down 67% since 2017 high

Anil Kumar Goel held 6,500,000 shares or a 2.76 per cent stake in the company as of June 30, the same as the March quarter. Seema Goel, on the other hand, increased her stake negligibly to 2,848,367 shares from 2,848,000 shares in the previous quarter. Her ownership at 1.21 per cent in the company stood unchanged sequentially.

The couple has been holding the owner of India Gate Basmati rice brand at least since the December quarter of 2015, data compiled by Trendlyne suggested. They have been holding on to about a 4 per cent stake in the company at least since the previous eight quarters.

This is even as the scrip has declined 23 per cent in the last one year and about 67 per cent from December 21, 2017, a record high of Rs 673.

As of June 30, six mutual funds owned a mere 0.24 per cent stake in the company. A total of 69 FPIs were holding a 3.32 per cent stake. Retail individuals holding less than Rs 2 lakh worth of KRBL shares accounted for a 10.97 per cent stake.

KRBL is the world’s largest exporter of branded Basmati rice from India, as per its website. It owns the world’s largest rice milling plant in Punjab.

Overall, KRBL has two manufacturing facilities in Uttar Pradesh (Gautam Budh Nagar) and Punjab (Dhuri). It has four grading, sorting, and packaging facilities located at Sonipat, Gautam Budh Nagar, Dhuri, and Alipur. KRBL exports basmati rice products to 82 countries and leads the basmati rice consuming market in the branded segment.