Uni Abex Alloy Products Limited has fixed September 2, 2026 as the record date for determining shareholders eligible to receive its recommended dividend of ₹100 per share. This action follows the company’s strong first-quarter performance, where net profit rose 30.5% year-on-year to ₹7.25 crore. The dividend comprises a final equity dividend of ₹40 per share (400% of face value) and a special dividend of ₹60 per share (600% of face value), the latter linked to the disposal of investment property in Thane. Shareholders must hold equity shares on the record date to qualify for the payout, which will be disbursed on or after September 16, 2026, subject to approval at the upcoming Annual General Meeting.

The 53rd Annual General Meeting (AGM) is scheduled for September 9, 2026, at 3:00 p.m. (IST), to be conducted via Video Conferencing or Other Audio Visual Means. This mode of conduct aligns with circulars issued by the Ministry of Corporate Affairs and the Securities and Exchange Board of India. The cut-off date for determining voting eligibility for resolutions at the AGM is also set for September 2, 2026. The Board of Directors initially recommended the dividend during its meeting on May 27, 2026, and the results were subsequently approved on August 6, 2026, pursuant to Regulation 33 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015.

Financial Context

The dividend recommendation comes against a backdrop of robust financial health. In Q1FY27, revenue from operations increased 4.7% to ₹41.03 crore from ₹39.18 crore in Q1FY26. Total income surged 15.8% to ₹47.84 crore, driven significantly by other income which jumped to ₹6.81 crore from ₹2.12 crore in the previous year’s corresponding period. Cost of materials consumed rose to ₹29.33 crore, reflecting higher production volumes, while employee benefits remained stable at ₹5.40 crore.

Profit before tax stood at ₹9.74 crore, up from ₹7.49 crore in Q1FY26. Tax expense was ₹2.48 crore, including a deferred tax charge of ₹0.51 crore. Earnings per share (basic and diluted) were ₹36.73, compared to ₹28.14 in Q1FY26. Walker Chandiok & Co LLP, the statutory auditors, issued a limited review report on these unaudited financial results.

Corporate Developments

In a separate corporate development, the Board accepted the resignation of Bhautesh Shah as Company Secretary and Compliance Officer, effective September 15, 2026. Shah cited personal growth opportunities outside the organization as the reason for his departure. The special dividend component is linked to the Thane land sale, from which the company recognized an exceptional gain of ₹27,353.05 lakhs in the prior financial year. Uni Abex operates in a single segment — Alloy and Steel Castings — and has no subsidiaries, associates, or joint ventures.

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.