UTUmiya Tubes539798Reclassification update

Promoter group members seek reclassification to public category

Umiya Tubes has received requests dated November 06, 2026 from existing promoters and promoter group members seeking reclassification from the "Promoter Category" to the "Public Category" under Regulation 31A.

By ScoutQuest · Sat 7 Nov 2026, 6:34 PM IST · 2 min read

Bhikhaji Kacharaji Chavda holding

332368 Equity Shares (2.57%)

Beena Pravinsinh Vaghela holding

90 Equity Shares (0.001%)

Applicants with nil holding

three applicants hold NIL Equity Shares

What was shared

• Umiya Tubes informed BSE (Scrip: 539798) that it has received request(s) dated November 06, 2026 from existing promoters and promoter group members seeking reclassification from the "Promoter Category" to the "Public Category" under Regulation 31A of the SEBI (LODR) Regulations, 2015.
• The company's covering letter to the exchange is dated 7th November, 2026 and is a continuation of an earlier intimation received on 30.05.2026.
• The company has asked the exchange to take the requests on record.

Who has applied

• Bhikhaji Kacharaji Chavda — 332368 Equity Shares of Rs. 10/- each, equal to 2.57% of the paid up share capital.
• Beena Pravinsinh Vaghela — 90 Equity Shares of Rs. 10/- each, equal to 0.001% of the paid up share capital.
• Three of the applicants state they hold NIL Equity Shares, equal to NIL% of the paid up share capital.

What reclassification means

• A person tagged as a promoter or promoter group member is treated separately from ordinary public shareholders. Moving to the public category means the person is counted as a public shareholder instead.
• In simple terms, the applicants are saying they no longer belong in the promoter group and want to be treated as ordinary public shareholders.

What the applicants have certified

• They, and persons related to them, hold not more than 10% of the total voting rights, as required by Regulation 31A(3)(b)(i).
• They do not exercise control over the affairs of the company, directly or indirectly.
• They have no special rights through formal or informal arrangements, including shareholder agreements.
• They are not represented on the board, including through any nominee director.
• They are not acting as key managerial personnel.
• They are not a "willful defaulter" as per Reserve Bank of India guidelines and not a fugitive economic offender.
• There is no pending regulatory action against them.
• They will comply with Regulation 31A(3)(b)(i) to (iii) at all times from the date of reclassification, and with Regulation 31A(3)(b)(iv) and 31A(3)(b)(v) for a period of not less than three years from that date, failing which the person is automatically reclassified as a promoter or a person belonging to the promoter group.

What the applicants have asked for

• They have requested the board to consider and approve their reclassification and to make the requisite application to the stock exchange under Regulation 31A.

What to watch

• The board's consideration of these requests and the application to the exchange are the steps through which any reclassification would happen; the update is a notice that the requests have been received.
• The holding stated by each applicant is the number a reader can check against the shareholding pattern.

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