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Recode Studios Limited

Newly DisclosedQuarterly
544755Personal CareMarket Cap₹466 Cr
Disclosed stake
5.64%
Holding
6.00 L shares
As of
Sept 2026
Since alert−4.1%₹456.75 → ₹438.00
Nifty 50+2.3%
Mukul Agrawal
Mukul Agrawal
Investor
The move

Mukul Agrawal added over 4.64% of Recode Studios Limited in the quarter and now holds 5.64%, or 6,00,000 shares, under his name Mukul Mahavir Agrawal. This newly disclosed holding crosses the 5% disclosure threshold.

About Recode Studios Limited
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A beauty and personal care company operating under the Recode brand, the company develops and markets skincare and cosmetic products designed for the Indian consumer. Incorporated in 2021, Recode Studios focuses on formulations addressing specific skin concerns through its diversified product range. The company distinguishes itself through direct-to-consumer distribution channels and a commitment to ingredient transparency within the competitive personal care segment.

About Mukul Agrawal
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Started trading IPO grey markets as a teenager in Jaipur, founded Param Capital in 1993, and has quietly built one of the largest publicly trackable individual equity books in India, ~₹7,100 Cr across 63 listed companies. Neuland Laboratories is one of his legendary calls, delivering multiples for patient followers. Radico Khaitan, AMS Technologies, he finds quality businesses and holds. Sector-agnostic, conviction-heavy, and consistently early.

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Mukul Agrawal
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