Gandhi Special Tubes Limited held its 41st Annual General Meeting (AGM) on Wednesday, August 12, 2026, via Video Conference and Other Audio Visual Means. The meeting, chaired by Chairman Manhar G Gandhi, concluded with shareholders approving key corporate actions, including a special resolution for the buyback of equity shares.

The company reported that 63 shareholders were present for the proceedings. The Statutory Auditor and Secretarial Auditor reports for the financial year ended March 31, 2026, contained no qualifications, observations, or adverse remarks.

Key Resolutions Passed

Shareholders transacted business through remote e-voting and insta-poll. The following resolutions were passed:

• Ordinary Resolution: Adoption of the Audited Financial Statements for FY26 along with the Reports of the Board of Directors and Auditors.
• Ordinary Resolution: Declaration of Final Dividend on Equity Shares for FY26.
• Ordinary Resolution: Reappointment of Mr. Jayesh Gandhi (DIN 00041330), who retires by rotation.
• Ordinary Resolution: Appointment of Mr. Manoj Bhupatrai Gandhi (DIN 00041404) as a Non-Executive Non-Independent Director.
• Ordinary Resolution: Ratification of remuneration for Cost Auditor Shri Dakshesh Zaveri.
• Special Resolution: Buyback of Equity Shares of the Company.

Meeting Proceedings

Manhar G Gandhi briefed members on industry trends and the company’s performance during FY26. The Registers required under the Companies Act, 2013, were made available for inspection in electronic mode upon request.

Members were given an opportunity to ask questions during the session, which the Chairman addressed. Chaitali Kachalia, Company Secretary and Compliance Officer, facilitated the e-voting process. The results of the remote e-voting and insta-poll were scheduled to be declared within two working days and displayed on the websites of the company, Kfin Technologies Limited, BSE Limited, and National Stock Exchange of India Limited.

The meeting was declared closed at 11:37 am, with voting remaining open until 11:52 am.

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