after detailed scrutiny of SHP,
if we exclude Gayatri Pipes & Fittings from promoters then Mr.Seth family owns 39.89%, which they have increased from 37.07%.
in public share holders, LIC of India holds 1.79%.
one more thing I should have included in the initial writeup was, Management had Issued 1800000 (18L) Convertible Equity Warrants for funds needs for expansion on 11 March http://www.bseindia.com/xml-data/corpfiling/AttachHis/0448cf99-ed94-4283-ae05-9c576de2c69a.pdf.
out of which 700000 (7L) shares were allotted on 29Mar http://www.bseindia.com/xml-data/corpfiling/AttachHis/52dafa37-15e7-4e4d-b796-accd89a78224.pdf
and 100000 (1L) shares were allotted on 15Apr http://www.bseindia.com/xml-data/corpfiling/AttachHis/b5a82874-2ed4-4a50-ad76-a13dbaeddfda.pdf
remaining 1000000 (10L) shares were allotted on 6July http://www.bseindia.com/xml-data/corpfiling/AttachHis/5a498ae4-a44c-4d19-b5dd-712fdfc102d1.pdf
total 18Lakh shares were allotted to group of Strategic Investors, not forming part of the Promoter Group of the Company, in records time of just 4months