Gandhi Special Tubes Limited has informed the Exchange that Record date for the purpose of Dividend is 05-Aug-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 from ₹5,867.41 Lakhs in FY25. EPS increased to ₹56.26 from ₹48.24. The Board recommended a dividend of ₹15 per share (300% on ₹5 face value), with record date August 5, 2026 and payment by September 11, 2026. A significant announcement is the proposed buyback of up to 8,68,100 equity shares (7.14% of paid-up capital) at ₹900 per share for an aggregate amount up to ₹78.13 Crores, subject to shareholder approval at the ensuing AGM. Promoters holding 73.53% stake have indicated intention to participate. The company also appointed Mr. Manoj Bhupatrai Gandhi as Additional Director and Mr. Rohan Rana as General Manager-Plant Head, both effective June 1, 2026.
The buyback at ₹900 per share signals management confidence, as promoters participating indicates alignment of interests. The 300% dividend payout demonstrates strong cash generation. Both announcements are positive for shareholders, with the buyback providing immediate return of capital at a likely premium to market price.