Board Approved Buyback

Buyback at over 10% premiumCorporate Actions View source PDF Explain this filing

GANDHITUBE · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-12.7%Reaction day

₹965.00

prior close

₹880.00

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.7%-13.5% vs market

Iron & Steel Products peers, median of 98sector-0.4%-12.3% vs sector

On the reaction day the stock moved 13.5 pts less than Nifty Microcap 250 and 12.3 pts less than its Iron & Steel Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-2.1

10m

-2.4

15m

-1.6

30m

-2.0

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-12.7+0.7-13.5-0.4-12.3

Next day

-14.4+0.7-15.0+0.5-14.8

-14.3+0.0-14.3-1.5-12.8

-13.7-1.1-12.6-1.7-12.0

-13.4+0.0-13.4-1.6-11.7

-13.0+0.3-13.3-1.1-11.9

-12.1+1.1-13.2-0.8-11.3

15d

-11.6+4.9-16.4+0.4-11.9

-11.6+5.3-16.9-0.6-11.0

-9.3+6.9-16.2-2.4-6.9

-6.3+11.9-18.2+0.3-6.6

UpDownMarket · Nifty Microcap 250Sector · Iron & Steel Products peers, median of 98Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Gandhi Special Tubes board approved a buyback of up to 8,68,100 equity shares (7.14% of total paid-up capital) at Rs. 900 per share for Rs. 78.12 crore. The company also reported strong FY26 results with revenue of Rs. 20,361.49 Lakhs and profit after tax of Rs. 6,836.43 Lakhs, up 10% and 16.5% YoY respectively. EPS for FY26 stood at Rs. 56.26 per share. Additionally, the board recommended a dividend of Rs. 15 per share (300% on face value of Rs. 5), with record date fixed for August 5, 2026. The buyback is subject to shareholder approval via a special resolution at the AGM.

Likely market impact

The buyback at Rs. 900 per share signals management confidence and likely represents a premium to current market price. Combined with the 300% dividend, this is positive for shareholders as it returns significant capital while potentially supporting the stock price.