The Exchange has received revised Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on November 05, 2025 for United Steel ....
OILCOUNTUB · price
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United Steel Allied Industries Pvt. Ltd. (USAI), part of the promoter group of Oil Country Tubular Ltd, has submitted a revised disclosure under Regulation 31(1) and 31(2) of SEBI (SAST) Regulations, 2011 to BSE. The revised filing corrects earlier discrepancies and clearly mentions the reason for encumbrance as release of pledge. The disclosure covers multiple promoter group entities including Kamineni, Poulomi Hospitals, Barghavi Health, and various individual promoters. Key pledge releases include 1,44,89,000 shares of Poulomi Hospitals (49.12%) released for business use on 23.10.2025. The filing confirms that after the release, there are no shares which are pledged.
This is a positive signal for shareholders as the release of pledged shares reduces the risk of forced selling in the open market. It also reflects improved financial flexibility of the promoter group, which can improve investor confidence in the stock.