Neterwala Family Trust has indirectly acquired 12,53,852 equity shares, representing 63.48% of the paid-up share capital of Uni Abex Alloy Products Limited , via an inter-se transfer. The reorganization, which consolidates indirect beneficial interest and voting rights in favour of the Trust, was executed on June 18, 2026, pursuant to a SEBI exemption order dated May 18, 2026.

The acquisition involves the transfer of 5,032 shares, or 96.09% of Chemicals and Ferro Alloys Private Limited (CFA), from promoter Feroze D. Neterwala to the Neterwala Family Trust. Consequently, the Trust indirectly acquires control over CFA, which holds 4,31,550 shares (21.85%) in Uni Abex Alloy Products Limited. The structure also encompasses shareholding in Unitel Finance and Investments Private Limited and S.D.N. Company, aggregating the total indirect holding to 63.48%.

Shareholding Details

The following table outlines the breakdown of the shares subject to the indirect acquisition:

Regulatory Compliance

The transaction was conducted in compliance with Regulation 7(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015. SEBI granted the exemption from the open offer requirements under the Substantial Acquisition of Shares and Takeovers Regulations, 2011, as the transfer constitutes an internal reorganization within the promoter family. The exemption order, reference number WTM/KCV/CFD/02/2026-27, is valid for one year from the date of the order.

There is no change in the share capital or the aggregate promoter and public shareholding of Uni Abex Alloy Products Limited as a result of this transaction. The shares continue to be registered in the names of the existing promoter-group entities, while the voting rights have been consolidated in favour of the Neterwala Family Trust.

Uni Abex Alloy Products reported a standalone net profit of ₹2,798.62 crore for the financial year ended March 31, 2026, a significant increase driven by an exceptional gain from the sale of investment property in Thane. The Board of Directors approved the audited financial results for FY26 and the unaudited results for the quarter ended March 31, 2026, at a meeting held on May 27, 2026. Additionally, the Board recommended a total dividend of ₹100 per share, comprising a final dividend of ₹40 and a special dividend of ₹60, subject to shareholder approval.

Financial Performance and Exceptional Gain

The company recognised an exceptional gain of ₹2,735.30 crore during the year from the sale of investment property situated at Thane, Maharashtra. This one-time gain was the primary driver for the surge in profitability. For the quarter ended March 31, 2026, the company reported a revenue from operations of ₹782.90 crore, up from ₹604.43 crore in the corresponding quarter of the previous year. The net profit for the quarter stood at ₹2,576.29 crore, compared to ₹126.42 crore in Q4 FY25.

The following table summarises the key financial metrics for the quarter and year ended March 31, 2026:

Dividend Declaration and Management Changes

The Board recommended a dividend of ₹40 per equity share of face value ₹10 each (400%) for FY26, along with a special dividend of ₹60 per share (600%) on account of the Thane land sale. The total dividend of ₹100 per share (1000%) is subject to approval by shareholders at the ensuing Annual General Meeting. In a management shift, Mr. Nisar Hassan was elevated from Chief Operating Officer & Manager to Chief Executive Officer with immediate effect, based on the recommendation of the Nomination and Remuneration Committee.

Auditor's Report and Compliance

Walker Chandiook & Co LLP, the statutory auditors, issued an unmodified opinion on the audited financial results for the year ended March 31, 2026. The auditor's report highlighted the exceptional gain from the land sale as an emphasis of matter but confirmed that the opinion was not modified in respect of this transaction. The company confirmed that it is not a Large Corporate as per the applicability criteria under SEBI circulars.