Gandhi Special Tubes Completes Promoter Group Share Transfer, Files Revised Disclosure

Gandhi Special Tubes Limited has successfully completed the inter-se transfer of shares within its promoter group and filed a revised disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The transaction, which was previously announced, involved the transfer of 200,000 equity shares from Mr. Manhar Gandhi to Mr. Rahul Gandhi through a gift arrangement.

Transaction Completion Details

The off-market inter-se transfer between promoter and promoter group members was completed on September 26, 2025, as scheduled. The transaction was structured as a gift without any monetary consideration, falling under the exemption provided by SEBI SAST Regulations for transfers among qualifying persons.

Transaction Parameter:	Details
Shares Transferred:	200,000 equity shares
Stake Percentage:	1.65%
Transfer Mode:	Off-market inter-se transfer (gift)
Transaction Date:	September 26, 2025
Transferor:	Mr. Manhar Gandhi
Transferee:	Mr. Rahul Gandhi

Updated Shareholding Pattern

Following the completion of the transfer, Mr. Rahul Gandhi's shareholding in Gandhi Special Tubes Limited has increased significantly. The revised disclosure reveals the updated shareholding structure post-transaction.

Shareholding Details:	Before Transfer	After Transfer	Change
Rahul Gandhi's Holding:	100,649 shares (0.83%)	300,649 shares (2.47%)	+200,000 shares (+1.65%)
Total Equity Capital:	₹6.08 crores	₹6.08 crores	No change
Total Shares Outstanding:	1,21,52,000 shares	1,21,52,000 shares	No change

Regulatory Compliance and Revised Filing

On December 15, 2025, Mr. Rahul Gandhi submitted a revised disclosure to BSE Limited, addressing observations regarding the earlier filing. The revision was made to include complete shareholding details after the transaction, as required under Regulation 29(2) of SEBI SAST Regulations. The revised disclosure confirmed that there were no changes to the previously disclosed transaction details, with the revision solely aimed at rectifying the omission of post-transaction shareholding information.

Impact on Company Structure

The completed transfer maintains the overall promoter and promoter group holding in Gandhi Special Tubes Limited unchanged. The company's equity share capital remains at ₹6.08 crores, comprising 1,21,52,000 equity shares of ₹5 each. This inter-se transfer represents an internal realignment within the promoter group, potentially reflecting succession planning or strategic restructuring within the promoter family.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-2.07%	+1.51%	+1.19%	+8.19%	-4.42%	+213.56%

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.