Gandhi Special Tubes Limited will hold its 41st Annual General Meeting (AGM) on Wednesday, 12 August 2026 at 11.00 a.m. via Video Conferencing/Other Audio Visual Means (VC/OAVM). The meeting aims to adopt the audited financial statements for the year ended 31 March 2026, declare a final dividend of ₹15 per share, and seek shareholder approval for a buyback of up to 8,68,100 equity shares at a maximum price of ₹900 per share, aggregating to ₹78,12,90,000. The buyback represents 24.9996% of the company's aggregate paid-up equity share capital and free reserves.

The Board has fixed Wednesday, 5 August 2026 as the cut-off date to determine the eligibility of members to cast votes through remote e-voting and e-voting during the AGM. Remote e-voting commences on 9 August 2026 and concludes on 11 August 2026. The company has appointed Mr. Nrupang B Dholakia of M/s Dholakia & Associates LLP as the Scrutinizer for the e-voting process.

Business to be Transacted

The Ordinary Business includes the adoption of financial statements, declaration of final dividend, and the re-appointment of Mr. Jayesh Gandhi, who retires by rotation. Special Business encompasses the appointment of Mr. Manoj Bhupatrai Gandhi as a Non-Executive Non-Independent Director, ratification of cost auditor remuneration, and the approval of the equity share buyback.

Buyback Details

The Board has approved the buyback of fully paid-up equity shares of ₹5 each at a maximum price of ₹900 per share. The consideration will be paid out of the company’s current surplus and/or cash balances. Promoters and promoter group members have expressed their intention to participate in the buyback. The statutory auditor, S. V. Doshi & Co., has confirmed that the permissible capital payment is properly determined and that the company will not be rendered insolvent post-buyback.

Access to Documents

The Notice of the 41st AGM and the Annual Report for the financial year 2025-2026 are available on the company’s website. Shareholders who have not registered their email addresses will receive a letter providing the web-link to access these documents. The record date for determining eligibility for the final dividend is 5 August 2026, with payment scheduled on or before 11 September 2026.

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.