- Business
- Umiya Tubes Limited manufactures and sells stainless steel decorative tubes and industrial pipes, including round, square, rectangular, oval, and U-shaped variants for applications in infrastructure, furniture, chemical plants, dairy plants, petrochemical facilities, solvent extraction plants, and household products. The company produces seamless and welded stainless steel pipes and tubes with production capacity expanded from 2040 MTPA in 2014-15 to 2585 MTPA in 2015-16; it operates state-of-the-art facilities in Gujarat, India, with exports accounting for 20-40% of sales. Founded in 2013 and headquartered at Suman Tower, 208, 2nd Floor, Sector 11, Gandhinagar, Gujarat, the company lists on the BSE under ticker 539798 (UMIYA.BO) following its 2016 IPO that raised Rs 2 crore. Recent developments include significant promoter shareholding dilution from 45.75% in September 2024 to 11.97% in September 2025 amid disclosures under SEBI Substantial Acquisition of Shares and Takeovers Regulations; the company held its 12th Annual General Meeting on September 30, 2025, and an Extra Ordinary General Meeting on August 8, 2025, alongside board approval of unaudited financial results for the quarter and half-year ended November 10, 2025, and appointment of additional independent women directors Payal Divyangbhai Dhamecha and Bhumika Vipulkumar Ranpura in 2024.