As of March 2025, 53.78% is owned by Indian Promoters and 46.22% 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 (41072 shares / 0.21%) and Shah Jayeshkumar Vijaykumar (16000 shares / 0.08%).