Umiya Tubes Limited announced that its Board of Directors, in a meeting held on November 14, 2026, approved a request for the reclassification of its existing Promoter and Promoter Group to the “Public” category. This decision aligns with Regulation 31A of the SEBI (LODR) Regulations, 2015. The approval is subject to regulatory clearance from the stock exchange. The company also reported its unaudited financial results for the quarter and half-year ended September 30, 2026.
Board Approves Promoter Reclassification
Umiya Tubes Limited’s Board of Directors convened on November 14, 2026, and passed a resolution approving the reclassification of its existing Promoter and Promoter Group to the “Public” category. This significant decision was made in response to a request submitted by the Promoter and Promoter Group, who reportedly meet the criteria outlined in Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The Board’s approval is conditional upon obtaining the necessary clearance from the relevant regulatory authorities, including the stock exchange. The company is directed to make the appropriate application to BSE Limited and any other required authorities to facilitate this reclassification.
Financial Results for Q2 FY27
In addition to the reclassification approval, the Board also reviewed and approved the unaudited financial results for the quarter and half-year ended September 30, 2026. These results, along with the auditors’ limited review report, have been submitted. Key financial highlights include:
- For the quarter ended September 30, 2026, the company reported a profit of ₹24.54 Lakhs.
- The half-year ended September 30, 2026, saw a profit of ₹199.20 Lakhs.
The company will implement the reclassification in its shareholding pattern statements from the immediately succeeding quarter and comply with other applicable SEBI regulations.
Source: BSE
