Uni Abex Alloy Products Ltd files SEBI SAST disclosure for Neterwala Family Trust acquisition proposal

What Uni Abex Alloy Products Ltd 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 has expressed intent to acquire shares and voting rights in Uni Abex and has applied to the Securities and Exchange Board of India (SEBI) for an exemption from certain sub‑regulations governing substantial acquisitions.

Details of the proposed acquisition and exemption request

The filing references an application dated 30 June 2025 submitted by the Neterwala Family Trust. Subsequent communications – emails dated 7 August 2025, 1 September 2025, 31 October 2025, 19 December 2025, 31 January 2026, 6 February 2026 and 11 March 2026 – were also received by SEBI. These correspondences seek exemption from the applicability of sub‑regulation (1) of Regulation 3 and Regulation 5 read with Regulation 4 of the SEBI SAST Regulations, 2011.

The disclosure does not provide quantitative details such as the number of shares targeted, the percentage of voting rights to be acquired, or the consideration payable. It merely confirms that the Trust is pursuing regulatory clearance for the transaction.

Key facts at a glance

Why this matters for investors

The filing signals that a significant shareholder – the Neterwala Family Trust – is seeking to increase its stake in Uni Abex. Under SEBI rules, any acquisition crossing the 25 % threshold or involving control triggers a mandatory disclosure and, potentially, a takeover offer. While the exact size of the intended acquisition is not disclosed, the exemption request indicates the Trust may be aiming to stay below the trigger thresholds or to obtain relief from certain procedural requirements. Investors should monitor subsequent SEBI orders or any further disclosures that may reveal the final shareholding pattern.

Conclusion

Uni Abex Alloy Products Ltd has complied with SEBI’s Regulation 29(2) by reporting the Neterwala Family Trust’s intent to acquire shares and its request for exemption from specific SAST sub‑regulations. The filing, made on 22 June 2026, does not disclose the scale of the proposed acquisition. Future updates from SEBI or the company will clarify whether the exemption is granted and what the ultimate shareholding structure will be.