Umiya Tubes Ltd promoter Bhikhaji Chavda sells 25,000 shares, stake falls to 3.32%

What Umiya Tubes Ltd announced

Umiya Tubes Ltd (BSE: 539798) filed a disclosure on 9 July 2026 under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. The filing records the sale of equity shares by promoter Bhikhaji Kacharaji Chavda, who acted alone and not as part of a promoter group. The transaction took place on 23 June 2026 and involved the disposal of 25,000 shares carrying voting rights.

Details of the share disposal

The seller, Bhikhaji Kacharaji Chavda, transferred 25,000 equity shares of Rs 10 each. The mode of acquisition/sale is listed as “Not Applicable” under the salient features column, indicating a straightforward off‑market sale rather than a public issue, rights issue, or preferential allotment. The filing does not mention any warrants, convertible securities, or other instruments being part of the transaction.

Shareholding before and after the sale

The numbers show that the promoter’s stake fell by 0.25 percentage points, from 3.57% to 3.32% of the company’s diluted share capital. The total diluted share capital of Umiya Tubes Ltd remains unchanged at 1,00,06,667 shares, each having a face value of Rs 10.

Regulatory filing under SEBI Regulation 29(2)

Regulation 29(2) requires any person or entity acquiring or disposing of shares that would result in a change of 1% or more in the voting power of a listed company to disclose the transaction to the stock exchange. The filing includes a standard format that captures the seller’s identity, the number of shares before and after the transaction, the percentage of total voting capital, and the date of the transaction. The disclosure was signed by Bhikhaji Kacharaji Chavda on 8 July 2026 at Gandhinagar.

Key facts at a glance

Why this matters for investors

The disclosure signals a modest reduction in the promoter’s voting power. While a 0.25‑percentage‑point decline is unlikely to alter control dynamics, it does provide transparency about the promoter’s willingness to liquidate a portion of his stake. The transaction does not involve any new issuance of shares, so there is no immediate dilution for existing shareholders. However, the filing confirms that the promoter remains a significant shareholder, holding over three percent of the diluted voting capital.

Conclusion

Umiya Tubes Ltd has complied with SEBI’s disclosure requirements by reporting the sale of 25,000 shares by promoter Bhikhaji Kacharaji Chavda on 23 June 2026. The sale reduced the promoter’s holding to 332,368 shares, representing 3.32% of the company’s total diluted voting capital. No further approvals or actions are pending under the filing, and the company’s share capital remains unchanged.

"The filing confirms that the promoter’s stake has decreased to 3.32% after the disposal of 25,000 shares on 23 June 2026."