SEBI grants Neterwala Family Trust exemption from open offer obligations for indirect acquisition of 63.48% control in Uni Abex Alloy Products Limited.
Exemption approved for internal family reorganization and succession planning, with no change in promoter group's aggregate 63.63% shareholding.
Acquirer Trust must comply with SEBI circular conditions including annual auditor certification and maintaining minimum public shareholding requirements.
Exemption valid for one year from order date (May 18, 2026) with requirement to file implementation report within 21 days of completion.