Umiya Tubes Ltd — Updates, 02-07-2025: Company Update

Umiya Tubes Limited faced several regulatory compliance issues during the financial year 2024-25, resulting in multiple penalties from BSE Limited. Key lapses included failure to appoint a qualified Company Secretary and Compliance Officer (fine of Rs. 49,560), not maintaining the required Board composition without a Woman Director (fine of Rs. 11,800), and improper formation of the Audit Committee (fines totaling Rs. 3.23 lakh for December 2024 and March 2025 quarters). The company also delayed submitting shareholding patterns and Related Party Transaction disclosures, attracting fines. These delays were mainly due to procedural issues and non-payment of custody fees but have since been rectified with payments made, appointments made, and filings updated. However, promoter shareholding remains frozen due to delayed fine payments. The company is working to align fully with governance requirements.