United Textiles Limited Promoters Declare No Share Encumbrance for FY26
United Textiles Limited filed a SEBI regulatory declaration confirming that its 34-member promoter group, led by Whole Time Director Vivek Aggarwal, did not create any encumbrance on their equity shares during the financial year ended March 31, 2026. The declaration ensures compliance with takeover regulations and maintains transparency in promoter shareholding patterns for the Haryana-based textiles company listed on BSE.
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United Textiles Limited has submitted a regulatory declaration to BSE Limited confirming that its promoters have not created any encumbrance on their equity shares during the financial year ended March 31, 2026. The declaration was filed in compliance with Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
Regulatory Compliance Declaration
Vivek Aggarwal, Whole Time Director (DIN 07079208) and Promoter of United Textiles Limited, made the declaration on behalf of all promoter group members and persons acting in concert. The filing, dated April 6, 2026, specifically states that no encumbrance was created or invoked, directly or indirectly, on the company's equity shares held by the promoter group during FY26.
Promoter Group Structure
The company's promoter group consists of 34 individuals and entities, demonstrating a diverse ownership structure among related parties. The comprehensive list includes:
| Category | Names |
|---|---|
| Key Promoters: | Vivek Aggarwal, Ashok Kumar Agarwal, Anand Kumar Agarwal |
| Family Members: | Amit Kumar Aggarwal, Arun Kumar Aggarwal, Gauri Shanker Aggarwal |
| HUF Entities: | A.K. Agarwal (HUF), Vinod Kumar Agarwal HUF |
| Associated Persons: | Anil Gupta, M P Gupta, Rajesh Kumar Jindal, Sangita Gupta |
The complete promoter group encompasses various members of the Aggarwal family, including Brij Bala, Premlata Aggarwal, Pushpa Agarwal, Shalini Aggarwal, Sita Aggarwal, Sushila Agarwal, and Maina Rani, along with other associated individuals such as Donush Siangshai, Flora Bell Dkhar, and Sayeedullah Nongrum.
Corporate Governance Significance
This declaration represents a standard regulatory requirement ensuring transparency in promoter shareholding patterns. The absence of any encumbrance on promoter shares during FY26 indicates that the promoter group maintained unencumbered ownership of their equity stakes throughout the financial year. Such declarations are crucial for investor confidence and regulatory compliance, providing stakeholders with clear information about the promoter group's shareholding status.
The filing was addressed to BSE Limited, where United Textiles Limited shares are listed under scrip code 521188. The company, incorporated in 1993 and headquartered in Hisar, Haryana, operates in the textiles sector and maintains its registered office at 7th K.M. Stone, Barwala Road, Hisar.
Will United Textiles Limited consider raising capital through promoter share pledging in the upcoming financial year given their current unencumbered position?
How might the company's expansion plans be affected by the promoters' decision to maintain debt-free equity holdings?
Could this clean shareholding structure make United Textiles Limited an attractive acquisition target for larger textile conglomerates?
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