Buyback26 May 2026, 10:38 am
Gandhi Special Tubes Approves Buyback at ₹900/Share
AI Summary
Gandhi Special Tubes Ltd. approved a buyback of up to 8,68,100 equity shares, representing 7.14% of the total paid-up equity, for an aggregate amount not exceeding ₹78,12,90,000 at a maximum price of ₹900 per share. The buyback will be executed via a tender offer. The board also approved the audited financial results for FY26 and recommended a dividend of ₹15 per share. The record date for the dividend is August 5, 2026, with payment on or before September 11, 2026, subject to shareholder approval.
Key Highlights
- Gandhi Special Tubes approves buyback of 8,68,100 shares at ₹900 each.
- Buyback size not exceeding ₹78.12 Crore, via tender offer route.
- FY26 dividend of ₹15/share recommended, record date set as August 5, 2026.
- Audited financial results for FY26 approved by the board.
- Promoters intend to participate in the proposed buyback.
Price Impact
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