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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Awaiting price reaction for this filing.
Umiya Tubes Ltd disclosed that promoter Surendrasinh Pravinsinh Vaghela sold his entire 2.16% stake (216,259 shares) in the company through open market sales on BSE. The shares were sold in two tranches — 71,431 shares on December 5, 2025 and 144,828 shares on December 24, 2025. Post-sale, his holding stands at zero shares, representing a complete exit from the company. The total equity share capital of the company remains unchanged at 1,00,06,667 shares of Rs.10 each.
A complete promoter exit of 2.16% via open market is generally viewed negatively by retail investors as it may signal a lack of promoter confidence, though the quantum is relatively small. Watch for further selling by other promoter group members to assess broader sentiment.