Inadvertently Selected wrong Regulation 30 A for appointment of Mr. Rohan Rana as General Manager - Plant head and Senior Management Personnel and Approval of Buyback Revised filling ....
GANDHITUBE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Gandhi Special Tubes reported FY2026 net profit of Rs 68.36 crore, up 16.5% from Rs 58.67 crore in FY2025. Annual revenue grew to Rs 191.77 crore from Rs 172.54 crore. The board recommended a dividend of Rs 15 per share (300%) for shareholder approval at the August 12 AGM, with record date August 5, 2026 and payment by September 11. The company also proposed a buyback of up to 8,68,100 shares (7.14% of capital) at Rs 900 per share for a maximum of Rs 78.13 crore, subject to shareholder approval. Key appointments include Mr. Manoj Bhupatrai Gandhi as Additional Director and Mr. Rohan Rana as General Manager-Plant Head, both effective June 1, 2026.
Strong profit growth and the proposed dividend plus buyback signal healthy cash generation, which is positive for shareholders. The buyback at Rs 900 per share offers an exit opportunity at a premium.