Announced Sat, 23 May · 11:01 IST
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Bhikhaji Kacharaji Chavda
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+9.4%1-day move
₹34.94
prior close
—
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————+9.4+12.5+8.3+12.9+13.9+11.6+13.1-2.7-22.4—
Up moveDown movePending
AI summary
Bhikhaji Kacharaji Chavda, a promoter of Umiya Tubes Ltd, sold 1,50,000 equity shares (1.49% stake) through open market on March 12, 2026. The sale reduced his holding from 5,07,368 shares (5.07%) to 3,57,368 shares (3.57%) of the company's total paid-up capital of 1,00,06,667 shares. This is a disclosure under SEBI SAST Regulation 29(2) for a substantial disposal by a promoter group member.
Likely market impact
A promoter reducing their stake by over 1% typically signals negative sentiment to the market, as it indicates the insider is divesting holdings. This could put downward pressure on the stock price in the short term.