Manhar G. Gandhi has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
GANDHITUBE · price
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Manhar G. Gandhi, on behalf of the promoters, promoter group, and persons acting in concert (PAC) of Gandhi Special Tubes Limited, has filed the yearly disclosure under Regulation 31(4) of the SEBI Takeover Regulations. The promoter group collectively holds 89,35,257 shares, representing 73.53% of the company's total paid-up share capital. The key declaration is that no encumbrance (pledge, lien, or similar charge) has been created on these shares for the year ended 31 March 2025 and up to the date of the filing. The disclosure covers 18 entities in total, including individual promoters, HUFs, and promoter-group LLPs.
This is a routine annual compliance filing that confirms promoter holdings remain unencumbered, which is a positive signal for shareholder confidence as there is no pledge-related risk on the 73.53% promoter stake. No material impact on stock price is expected from this disclosure.