Promoters of Gandhi Special Tubes hold 73.53% of the total paid-up share capital, amounting to 89,35,257 shares, and have confirmed that none of these shares are encumbered for the financial year ended 31 March 2026. Manhar G Gandhi, on behalf of the promoter group and persons acting in concert (PAC), submitted a declaration to BSE Limited and the National Stock Exchange of India Limited. The disclosure ensures that the significant shareholding remains free from liens or charges as of the declaration date.

The filing was made pursuant to Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation requires promoters to disclose the status of encumbrance on their holdings to ensure transparency in share ownership. The declaration confirms that no indirect or direct encumbrance was created on the stated shares up to the date of the letter.

Shareholding Details

The annexure provided with the declaration lists the members of the promoter and promoter group, as well as those acting in concert, as on 31 March 2026. The list includes individual promoters and various entities such as Hindu Undivided Families (HUFs) and Limited Liability Partnerships (LLPs).

The declaration was signed by Manhar G Gandhi on behalf of himself, other promoters, members of the promoter group, and PACs. Copies of the communication were forwarded to the Company Secretary of Gandhi Special Tubes Limited for record-keeping purposes.

Gandhi Special Tubes Limited reported a profit after tax of ₹6,836.43 lakh for the financial year ended March 31, 2026, an increase from ₹5,867.41 lakh in the previous year. Revenue from operations for FY26 stood at ₹19,177.02 lakh compared to ₹17,253.68 lakh in FY25. The board approved a proposal to buyback equity shares and recommended a dividend of ₹15 per share. The statutory auditors, M/s. S.V. Doshi & Co., provided an unmodified opinion on the audited financial results.

Full-Year Financial Performance

For the full year, the company posted a total income of ₹20,361.49 lakh, up from ₹18,443.40 lakh in FY25. Total expenses for the year increased to ₹11,170.61 lakh from ₹10,768.68 lakh in the previous year. The following table summarises the key annual financial metrics:

Quarterly Performance and Exceptional Items

For the quarter ended March 31, 2026, the company reported a profit of ₹936.48 lakh, down from ₹1,194.84 lakh in the year-ago period. Revenue for the quarter rose to ₹4,720.83 lakh from ₹4,333.47 lakh. The quarterly results included an exceptional item of ₹24.94 lakh, representing the reversal of an excess provision related to the New Labour Codes recognized in the prior quarter.

Dividend and Buyback Proposal

The Board of Directors recommended a dividend of ₹15 per equity share (300%) of face value ₹5 each for FY26, subject to shareholder approval. The record date for determining dividend entitlement is fixed for August 5, 2026. Additionally, the board approved a proposal to buyback up to 8,68,100 fully paid-up equity shares, representing 7.14% of the total paid-up equity share capital, at a maximum price of ₹900 per share. The aggregate buyback amount will not exceed ₹78,12,90,000. The buyback is subject to approval by shareholders via a special resolution.

Board Appointments and Meeting Schedule

The board appointed Mr. Manoj Bhupatrai Gandhi as an Additional Director in the category of Non-Executive Non-Independent Director effective June 1, 2026. Mr. Rohan Rana was appointed as General Manager-Plant Head and Senior Management Personnel effective June 1, 2026. The company also appointed Shri. Dakshesh H. Zaveri as Cost Auditor for the financial year ending March 31, 2027. The 41st Annual General Meeting is scheduled for August 12, 2026, via Video Conferencing.