The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Surendrasinh Vaghela
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Surendrasinh Pravinsinh Vaghela, a member of the promoter group of Umiya Tubes Ltd, sold 1,52,074 equity shares (1.52% of the company) through open market transactions between 19 September and 30 September 2025. His stake dropped from 3.68% (3,68,333 shares) to 2.16% (2,16,259 shares) post the sale. The total equity share capital of the company remained unchanged at 1,00,06,667 shares of Re. 10 each. This disclosure was filed under SEBI Takeover Regulations to report the change in promoter shareholding.
This is a notable reduction in promoter holding, which may be viewed negatively by retail investors as promoters trimming their stake can signal reduced confidence. However, the sale was conducted transparently through the open market, and the promoter still retains a 2.16% stake in the company.