Umiya Tubes Ltd has officially refuted claims made in a Divya Bhaskar article, calling it misleading. The company clarified its factory in Sabarkantha was sold on June 18, 2024, and its registered office moved to Ahmedabad on October 1, 2025.
Umiya Tubes Ltd Issues Clarification on Media Report
Umiya Tubes Ltd. Factory Sold June 18, 2024; Registered Office Shifted October 1, 2025
Reader Takeaway: Company refutes misleading media report; clarifies asset sale and office relocation timelines.
What just happened
Umiya Tubes Limited has issued a formal statement refuting claims made in a news article published by Divya Bhaskar on July 13, 2026. The company has termed the article as "irrelevant, unwarranted and misleading" and provided factual clarifications on its factory premises, registered office location, and promoter shareholding history.
Why this matters
This clarification is crucial for investors to distinguish between factual company operations and potentially speculative or incorrect media reporting. It addresses concerns about the company's operational status and governance, aiming to provide transparency.
The backstory
Umiya Tubes Ltd., incorporated in 2013 and having completed its IPO in 2016, has seen its promoter shareholding change over approximately 10 years. The company attributed this reduction to preferential equity issues and normal dilution.
What changes now
The company has provided definitive dates for key events: the sale of its factory premises in Sabarkantha to M/s. Gaurisuta Agro Industries Pvt. Ltd. on June 18, 2024, and the shift of its registered office from Gandhinagar to Ahmedabad, effective October 1, 2025. This move was approved during the 12th Annual General Meeting on September 30, 2025.
Risks to watch
Investors should remain cautious about the company's share price movements, which management states are market-driven. Continued scrutiny of media reports versus official filings is advised.
Peer comparison
While specific peer data is not provided in the filing, the company's clarification on promoter stake dilution aims to differentiate planned equity adjustments from distress-driven exits, a common point of analysis for investors in listed entities.
Context metrics (time-bound)
- Factory sale completion: June 18, 2024
- Registered office shift effective: October 1, 2025
- AGM approval for office shift: September 30, 2025
- Promoter investment tenure: Approximately 10 years
What to track next
Investors should monitor future official filings for any updates on operations and governance. Evaluating the market's reaction to this clarification and any further comments from the company or media will be important.