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.

Uni Abex Alloy Products Limited has received an intimation regarding an order passed by the Securities and Exchange Board of India (SEBI) on May 18, 2026. The order grants an exemption to the Neterwala Family Trust from open-offer obligations under the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, concerning the proposed indirect acquisition of shares and voting rights in the company.

Details of the Restructuring

The transaction involves the contribution of 96.09% of the equity share capital of Chemicals and Ferro Alloys Private Limited (CFA), held by Mr. Feroze D. Neterwala, to the Neterwala Family Trust. Consequently, the trust will indirectly acquire control over CFA’s 21.85% shareholding in uni abex alloy products . Additionally, the trust will indirectly control Unitel Finance and Investments Private Limited, which holds 41.39% of the company, and S.D.N Company, which holds 0.24%.

The restructuring is pursuant to a private family arrangement intended to streamline the Neterwala family’s shareholding and achieve long-term succession-planning objectives. SEBI recognized that the proposed indirect acquisition is a family succession-planning transaction which does not prejudice public shareholders.

Shareholding Pattern

The table below details the shareholding of the company before and after the proposed acquisition. The aggregate shareholding of the promoter and promoter group will remain unchanged at 63.63%.

Conditions and Validity

The exemption is subject to several conditions, including compliance with the Companies Act, 2013, and other applicable laws. The trust must file a report to SEBI within 21 days from the date of acquisition and ensure compliance with the disclosures and undertakings made in the application. The trust must also adhere to the guidelines outlined in Chapter 8 of the SEBI Master Circular dated February 16, 2023.

The exemption granted from making an open offer remains valid for a period of one year from the date of the order. The trust must complete the implementation of the proposed acquisition within this period; otherwise, the exemption shall lapse. There will be no change in control or management of the company, nor any change in the public shareholding as a result of this transaction.