The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Vaghela Beena Pravinshih
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Awaiting price reaction for this filing.
Vaghela Beena Pravinshih, part of the promoter group of Umiya Tubes Limited, sold 5,80,005 equity shares through the open market on 26 and 28 August 2025. This represents 5.80% of the company's total share capital. Her holding fell from 7,34,756 shares (7.34%) to 1,54,751 shares (1.54%) of Umiya Tubes. The disclosure was filed under SEBI Takeover Regulations, and the company's total equity capital stands at 1,00,06,667 shares of Re. 10 each.
A promoter reducing stake from 7.34% to just 1.54% is a significant exit signal and may be viewed negatively by retail investors, as it could weaken promoter skin in the game and pressure the stock price in the short term.