Annual General General Meeting on 12 August 2026
GANDHITUBE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Gandhi Special Tubes reported strong FY2026 results with profit after tax of Rs 68.36 crore, up 27.4% from Rs 53.67 crore in FY2025. Revenue from operations grew to Rs 191.77 crore from Rs 172.54 crore. The Board recommended a 300% dividend (Rs 15 per share on Rs 5 face value) and proposed a buyback of up to 8.68 lakh shares at Rs 900 per share totaling up to Rs 78.13 crore (7.14% of capital). The buyback requires shareholder approval at the AGM scheduled for August 12, 2026. The company also appointed Mr. Manoj Bhupatrai Gandhi as Additional Director and Mr. Rohan Rana as General Manager-Plant Head.
The strong 27% profit growth and generous 300% dividend signal healthy cash generation. The Rs 78 crore buyback at Rs 900 per share (significantly above current market price) is highly positive for shareholders and indicates management confidence in undervaluation. The stock should see positive reaction given these shareholder-friendly actions.