Bhikhaji Kacharaji Chavda, a promoter of Umiya Tubes Ltd , sold 25,000 equity shares on June 23, 2026, reducing his stake in the company. The transaction was executed through the open market, as per the disclosure submitted to the stock exchanges. Following the sale, Chavda's shareholding has decreased to 3.32% of the total voting capital.

The disclosure was made under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Prior to the sale, the promoter held 3,57,368 shares, which accounted for 3.57% of the company's equity share capital. The shares sold represented 0.24% of the total paid-up capital of the company.

Umiya Tubes Ltd is listed on BSE Limited. The equity share capital of the company remained unchanged at 1,00,06,667 shares of Re. 10/- each before and after the transaction. The total diluted share/voting capital also stands at 1,00,06,667 shares.

The table below details the changes in the promoter's shareholding:

Umiya Tubes Limited reported a net profit of ₹280.33 lakh for the financial year ended March 31, 2026, reversing from a net loss of ₹171.94 lakh in the previous year. Revenue from operations for FY26 stood at ₹1275.83 lakh, a significant increase compared to ₹56.59 lakh in FY25. The Board of Directors approved the audited financial results for the quarter and year ended March 31, 2026, at a meeting held on May 30, 2026.

For the quarter ended March 31, 2026, the company recorded a revenue from operations of ₹823.29 lakh and a net profit of ₹192.57 lakh. The statutory auditor, M/s. P. Singhvi & Associates, issued an unmodified opinion on the standalone financial results. The company operates in a single segment focused on the manufacturing and trading of tungsten carbide and powder.

Financial Performance

The company's total income for FY26 was ₹1298.85 lakh, up from ₹211.25 lakh in the previous year. Total expenses for the year were ₹1018.52 lakh. The profit before tax for the year was ₹280.33 lakh, compared to a loss before tax of ₹171.94 lakh in FY25. Basic earnings per share for FY26 were ₹2.16, compared to a loss of ₹1.72 per share in the previous year.

Fund Utilization

Umiya Tubes raised ₹14.27 crore through a preferential issue of equity shares and convertible warrants. The funds were raised for working capital requirements, and the entire amount realized has been utilized for the intended purpose. The company is yet to receive 75% of the warrant application money on the convertible warrants issued.