Rahul Gandhi has submitted to the Exchange a copy of Disclosures under Regulation 10(6)-Report to stock Exchange in respect of any acquisition made in reliance upon exemption provided for in regulation 10 of SEBI (SAST) Regulations, 2011.
GANDHITUBE · price
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Rahul Gandhi, a member of the promoter group of Gandhi Special Tubes Limited, acquired 2,00,000 equity shares (1.65% of diluted share capital) from Manhar Gandhi via an off-market inter-se transfer by way of a Gift Deed with no consideration involved, on 26 September 2025. Post-transaction, Rahul Gandhi's holding rose from 0.83% (1,00,649 shares) to 2.48% (3,00,649 shares), while Manhar Gandhi's holding reduced from 14.11% (17,14,564 shares) to 12.46% (15,14,564 shares). The transaction qualifies for exemption under Regulation 10(1)(a)(i) of SEBI SAST Regulations as it is an inter-se transfer within the promoter and promoter group. The aggregate promoter and promoter group shareholding remains unchanged before and after the transaction, so no open offer obligation is triggered.
This is purely an internal family restructuring within the promoter group with no change in total promoter holding and no cash transaction, so it has no direct impact on the stock price or minority shareholders. Existing shareholders should view it as neutral corporate activity.