Gandhi Special Tubes Limited reported its highest annual performance in FY26, with revenue from operations rising 11.15% to ₹19,177.02 lakhs. Profit After Tax (PAT) increased 16.52% to ₹6,836.43 lakhs, marking a record for the company. The strong performance was driven by a simultaneous upcycle in commercial vehicle and tractor demand, supported by disciplined pricing and cost optimisation.

The company’s EBITDA for the year stood at ₹9,533.61 lakhs, with an EBITDA margin of 49.71%. The Board has recommended a final dividend of ₹15 per share (300%) for the financial year ended 31 March 2026, subject to shareholder approval at the 41st AGM. The record date for dividend eligibility is 5 August 2026, with payment scheduled on or before 11 September 2026.

Financial Performance

Operational Highlights

The company maintained a debt-free balance sheet during the year. A capital investment of ₹220 lakhs was made during FY26, funded entirely from internal cash accruals. The management attributed the growth to strong demand in the automotive and hydraulic sectors, alongside operational efficiency improvements.

The 41st Annual General Meeting is scheduled for Wednesday, 12 August 2026, via Video Conferencing. The meeting will seek shareholder approval for the proposed buyback of up to 8,68,100 equity shares at a maximum price of ₹900 per share, aggregating to ₹78,12,90,000.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE524B01027/57c545b6-d4d2-4ea2-9362-03fb71fbd12a.pdf

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.