Gandhi Special Tubes Limited has informed the Exchange that Board of Directors at its meeting held on May 25, 2026, recommended Final Dividend of Rs. 15 per equity share.
GANDHITUBE · price
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Gandhi Special Tubes Limited reported strong FY26 results with revenue of Rs. 20,361.49 lakhs (up 18% YoY) and profit after tax of Rs. 6,836.43 lakhs (up 16.5% YoY). The Board recommended a dividend of Rs. 15 per equity share (300% on face value of Rs. 5) for shareholder approval at the AGM on August 12, 2026. The company also proposed a buyback of up to 8,68,100 equity shares (7.14% of paid-up capital) at Rs. 900 per share, aggregating up to Rs. 78.13 crore, subject to shareholder approval. Additionally, Mr. Manoj Bhupatrai Gandhi was appointed as Additional Non-Executive Non-Independent Director effective June 1, 2026.
The combination of a healthy dividend payout and a share buyback at Rs. 900 per share signals management confidence and provides multiple value unlocking pathways for shareholders. If the buyback price represents a meaningful premium to market price, it could offer an attractive exit opportunity and support the stock price near-term.