AGM/EGM25 May 2026, 08:02 pm
Gandhi Special Tubes: AGM on 12 Aug 2026, Buyback Approved
AI Summary
Gandhi Special Tubes Ltd. announced key decisions from its board meeting on May 25, 2026. These include approving audited financial results for FY26, recommending a dividend of ₹15 per share (300%), and approving a buyback of up to 8,68,100 equity shares at a maximum price of ₹900 per share, totaling ₹78,12,90,000. The AGM is scheduled for August 12, 2026, and the record date for dividend entitlement is August 5, 2026, with payment on or before September 11, 2026, subject to shareholder approval. The buyback represents 7.14% of the paid-up equity share capital and is subject to shareholder approval via special resolution.
Key Highlights
- Approved FY26 audited financial results and recommended ₹15/share dividend.
- Fixed August 5, 2026 as record date for dividend entitlement.
- Approved buyback of up to 8,68,100 shares at ₹900 each, totaling ₹78,12,90,000.
- Buyback represents 7.14% of paid-up equity; promoters may participate.
- Annual General Meeting scheduled for August 12, 2026.
Price Impact
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