GANDHITUBENSEGandhi Special Tubes Limited· Steel And Steel ProductsMediumNeutral
Announced Mon, 22 Sept · 15:15 IST

Rahul Gandhi has Submitted to the Exchange a copy of Disclosure under Regulation 10 (5) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Promoter Stake BuyPromoter Stake Sell 1pctOwnership Changes View source PDF

GANDHITUBE · price

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Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Mr. Rahul Gandhi, part of the promoter group, will receive 2,00,000 shares (1.65% of share capital) as a gift from Mr. Manhar Gandhi (his grandfather) on 26 September 2025 at nil consideration. This is an off-market inter-se transfer within the promoter and promoter group, which is exempt from open offer requirements under Regulation 10(1)(a)(ii) of SEBI SAST Regulations. Post-transaction, Rahul Gandhi's holding rises from 0.83% (1,00,649 shares) to 2.48% (3,00,649 shares), while Manhar Gandhi's holding falls from 14.11% to 12.46%. The combined promoter and promoter group holding remains unchanged at 73.53% of the company, confirming this is purely a private family arrangement with no change in overall promoter control.

Likely market impact

No impact on share price or overall promoter control as this is only a reshuffling of shares within the promoter family. Total promoter group stake remains the same at 73.53%, so minority shareholders see no change in ownership dynamics.