Appointment of Mr. Manoj Gandhi as Non Executive Non Independent Director
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 total income of Rs. 20,361.49 lakhs (up 10.4% YoY) and profit after tax of Rs. 6,836.43 lakhs (up 16.5% YoY). The board recommended a dividend of Rs. 15 per share (300% on Rs. 5 face value) and proposed a share buyback of up to 8,68,100 shares at Rs. 900 per share, totaling up to Rs. 78.12 crore. Mr. Manoj Bhupatrai Gandhi was appointed as Additional Non-Executive Non-Independent Director effective June 1, 2026, subject to shareholder approval. Mr. Rohan Rana was appointed as General Manager - Plant Head, and Mr. Dakshesh H. Zavert was appointed as Cost Auditor for FY2027.
Positive for shareholders: strong profit growth, 300% dividend yield, and a buyback at Rs. 900 per share offer significant value. The appointment of an experienced Gandhi family member to the board indicates continued family involvement in operations.