Gandhi Special Tubes Limited has informed the Exchange regarding Annual General Meeting to be held on August 12, 2026
GANDHITUBE · price
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Gandhi Special Tubes Limited reported strong FY2026 results with total income of ₹20,361.49 lakhs and profit after tax of ₹6,836.43 lakhs, up ~27% YoY from ₹5,367.41 lakhs. EPS came in at ₹16.21. The Board recommended a dividend of ₹15 per share (300% on ₹5 face value), with record date 5 August 2026 and payment by 11 September 2026. A share buyback of up to 8,68,100 equity shares (7.14% of paid-up capital) was approved at ₹900 per share, aggregating up to ₹78.13 crore, via a tender offer subject to shareholder approval at the AGM on 12 August 2026. The buyback is within the 25% limit of paid-up capital and free reserves. Mr. Manoj Bhupatrai Gandhi was appointed as Additional Director (Non-Executive Non-Independent) and Mr. Rohan Rana as General Manager–Plant Head, both effective 1 June 2026. Mr. Dakshesh H. Zaveri was appointed Cost Auditor for FY27.
Strong profitability growth, a 300% dividend, and a ₹900 buyback price well above current market levels are all positive signals for shareholders, likely supporting a re-rating of the stock.