Uni Abex Alloy Products files Reg 29(2) disclosure on proposed share acquisition by Neterwala Family Trust

What Uni Abex Alloy Products announced

On 22 June 2026 Uni Abex Alloy Products Ltd (BSE: 504605) filed a disclosure under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. The filing informs the market that the Neterwala Family Trust, acting through Feroze Dhunjishaw Neterwala, intends to acquire shares and voting rights in Uni Abex Alloy Products. In parallel, the trust has submitted an application to SEBI seeking exemption from specific provisions of the SAST Rules.

Proposed acquisition of shares and voting rights

The disclosure states that the Neterwala Family Trust is the proposed acquirer of shares in Uni Abex Alloy Products. While the filing confirms the intent to acquire both equity and the associated voting rights, it does not disclose the exact number of shares, the percentage of total equity targeted, or the consideration (price) to be paid. The trust’s objective appears to be to obtain a controlling or significant stake, but the precise level of influence remains unspecified.

Application for exemption from SAST provisions

Alongside the acquisition proposal, the trust filed an application dated 30 June 2025, supplemented by a series of email communications (August 2025 to March 2026). The application seeks exemption from:

• Sub‑regulation (1) of Regulation 3,
• Regulation 5 read with Regulation 4 of the SEBI SAST Regulations.

These provisions generally impose mandatory disclosure, lock‑in periods, and pricing guidelines for substantial share purchases. An exemption, if granted, would allow the trust to proceed without adhering to those specific requirements. The filing does not indicate whether SEBI has already ruled on the exemption request.

Key facts at a glance

Why this matters for investors

The filing signals a potential change in the ownership structure of Uni Abex Alloy Products. If the Neterwala Family Trust secures a sizable shareholding, it could influence board composition, strategic direction, and voting outcomes at shareholder meetings. The request for exemption is material because it may relax the usual transparency and pricing safeguards that protect minority shareholders during large‑scale acquisitions. Until SEBI either grants or rejects the exemption, the transaction remains pending, and the company’s share‑holding pattern may stay unchanged.

Conclusion

Uni Abex Alloy Products Ltd has formally disclosed a proposed share acquisition by the Neterwala Family Trust and has asked SEBI for relief from certain SAST regulations. The filing does not reveal the size or price of the intended purchase, and the exemption request is still under review. Investors should monitor subsequent SEBI communications for any approval or additional disclosures that could clarify the ultimate impact on the company’s ownership and governance.