The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on October 28, 2025 for United Steel Allied ....
OILCOUNTUB · price
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United Steel Allied Industries Pvt. Ltd. (USAI), a promoter of Oil Country Tubular Ltd, has released 1,44,89,000 equity shares (about 49.12% of total share capital) that were previously pledged with Poulomi Hospitals Pvt. Ltd. The release was carried out on October 23, 2025, and reported to the exchanges on October 28, 2025. The company has confirmed that after this release, USAI has no shares remaining under pledge. The disclosure was filed under Regulation 31(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
A complete release of pledged promoter shares removes the overhang risk of a forced sale and signals improved financial flexibility for the promoter group, which is generally viewed positively by shareholders.