StockWatch
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Iron & Steel Products
Shareholding22 Jun 2026, 06:30 pm

Neterwala Trust Acquires 63.48% Stake in Uni Abex Alloy Products

AI Summary

Neterwala Family Trust has indirectly acquired 12,53,852 equity shares, representing 63.48% of the total share capital and voting rights, in Uni Abex Alloy Products Limited. This acquisition, effective June 18, 2026, was undertaken pursuant to a SEBI exemption order dated May 18, 2026. The transaction is described as an internal reorganization within the Neterwala Family. Importantly, this indirect acquisition has not resulted in any change to the aggregate shareholding of the promoter and promoter group, nor any change in ownership, control, or voting rights in the Target Company. The shares continue to be registered in the names of existing promoter-group entities, with the beneficial interest consolidated under the Neterwala Family Trust.

Key Highlights

  • Neterwala Family Trust gains indirect control of 63.48% stake.
  • Acquisition is an internal reorganization under SEBI exemption.
  • No change in promoter group's aggregate shareholding or control.
  • Transaction effective from June 18, 2026.
  • Disclosure filed under SEBI SAST Regulations, 2011.