Gandhi Special Tubes Limited, a prominent player in the tube manufacturing sector, has disclosed plans for an inter-se transfer of shares within its promoter group. The company recently announced that Mr. Manhar Gandhi, a key promoter, intends to gift 200,000 equity shares, representing a 1.65% stake in the company, to Mr. Rahul Gandhi, another member of the promoter group.

Transfer Details

The proposed transfer, structured as a gift without any monetary consideration, is scheduled to take place on or after September 26, 2025. This off-market transaction falls under the exemption provided by the Securities and Exchange Board of India (SEBI) Substantial Acquisition of Shares and Takeovers (SAST) Regulations.

Regulatory Compliance

In compliance with Regulation 30 of SEBI's Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015, Gandhi Special Tubes has formally notified the stock exchanges about this impending transfer. The company's filing indicates that the transaction adheres to Regulation 10(1)(a)(ii) of SEBI SAST Regulations, which exempts inter-se transfers among qualifying persons from certain disclosure requirements.

Impact on Shareholding

It's important to note that this transfer will not alter the overall promoter and promoter group holding in Gandhi Special Tubes Limited. The aggregate shareholding of the promoter group will remain unchanged post-transaction, maintaining the current ownership structure of the company.

Company Secretary Statement

Chaitali Kachalia, the Company Secretary and Compliance Officer of Gandhi Special Tubes Limited, has confirmed the details of the transfer in the regulatory filing. The company has assured stakeholders that all necessary disclosures under Regulation 10(5) of SEBI SAST Regulations have been duly submitted to the stock exchanges.

This inter-se transfer represents a realignment of shares within the promoter group of Gandhi Special Tubes Limited, reflecting potential succession planning or internal restructuring within the promoter family.

Gandhi Special Tubes Limited , a prominent player in the Indian manufacturing sector, has announced the passing of Mr. Bhupatrai Gandhi, a key figure in the company's leadership. Mr. Gandhi, who served as a Promoter and Non-Executive Director, died on September 9, 2025, leaving behind a legacy of invaluable contributions to the organization.

A Loss to the Company

In a regulatory filing to both the BSE Limited and the National Stock Exchange of India Limited, Gandhi Special Tubes Limited expressed deep regret over Mr. Gandhi's demise. The company acknowledged the significant impact Mr. Gandhi had on its growth and direction, stating that it had "immensely benefitted from his invaluable guidance and vision during his tenure on the Board and its Committees."

Leadership and Governance

Mr. Bhupatrai Gandhi held the position of Non-Executive Director and was also identified as a Promoter of Gandhi Special Tubes Limited. His role in the company's governance structure was crucial, as he served on both the Board and various committees, contributing to the strategic decision-making processes that shaped the company's trajectory.

Corporate Response

The Board of Directors and employees of Gandhi Special Tubes Limited collectively conveyed their profound sorrow and heartfelt condolences to Mr. Gandhi's family. This gesture underscores the respect and admiration Mr. Gandhi commanded within the organization.

Regulatory Compliance

In accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company promptly informed the stock exchanges about this significant event. The disclosure included details as required under Schedule III of the Listing Regulations and the SEBI master circular dated November 11, 2024.

Looking Ahead

While the company mourns the loss of a valued leader, the impact of Mr. Bhupatrai Gandhi's contributions is expected to continue influencing Gandhi Special Tubes Limited's operations and strategic direction in the future. The company now faces the task of navigating this transition while honoring the legacy left behind by Mr. Gandhi.

As the business community reflects on the passing of Mr. Bhupatrai Gandhi, his role in shaping Gandhi Special Tubes Limited stands as a testament to his leadership and vision in the Indian manufacturing sector.