Unibild Engineering and Construction Co Pvt. Ltd. has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
UNITECH · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Unibild Engineering & Construction Co Pvt. Ltd., currently classified as part of Unitech Limited's promoter group, has filed a declaration under SEBI SAST Regulation 31(4) 'under protest' for the year ended 31 March 2025, seeking reclassification as a public shareholder. Unibild holds 62,40,000 equity shares of Unitech Limited (face value Rs. 2 each), but states these shares have been marked 'Suspended for Debit' in their demat account since 31 December 2018 and should not count toward promoter shareholding. The company reports zero encumbrances on these shares during FY 2024-25 and claims it has never had any role in Unitech's management or decision-making. Unibild says it has been requesting reclassification since May 2018, with Unitech's board rejecting the requests on multiple occasions, and the matter is now pending before the Supreme Court of India.
This filing does not immediately change Unitech's promoter shareholding or stock price. However, if Unibild is eventually reclassified as a public shareholder (pending Supreme Court proceedings), it would reduce the official promoter group stake and could affect regulatory compliance around minimum public shareholding. Retail investors should track court developments, but this is essentially a procedural disclosure with no near-term price catalyst.