Board Approved Buyback
GANDHITUBE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The Board of Directors approved a share buyback of up to 8,68,100 fully paid-up equity shares (7.14% of total paid-up capital) at ₹900 per share, for an aggregate amount not exceeding ₹78.13 crore. The buyback is through the tender offer route and is subject to shareholder approval at the AGM on 12 August 2026. Additionally, the Board recommended a dividend of ₹15 per share (300%) for FY2026, with record date fixed as 5 August 2026. The company reported strong financial performance with net profit of ₹68.36 crore for FY2026, up 27.4% from ₹53.67 crore in the previous year. Revenue from operations grew to ₹19,177 lakh from ₹17,254 lakh. EPS improved to ₹56.26 per share from ₹48.24 per share.
The buyback at ₹900 per share represents a significant premium to likely market prices, offering attractive returns to participating shareholders. The strong 27% profit growth and 300% dividend payout signal robust financial health and shareholder-friendly policies.