Dividend25 May 2026, 07:51 pm
Gandhi Special Tubes: Board Approves ₹15 Dividend
AI Summary
The Board of Directors of Gandhi Special Tubes Ltd has approved a dividend of ₹15 (300%) per equity share of ₹5 each for the financial year ended March 31, 2026, subject to shareholder approval at the upcoming AGM. The record date for determining dividend entitlement is August 5, 2026, with payment on or before September 11, 2026. Additionally, the board approved a buyback of up to 8,68,100 equity shares at a maximum price of ₹900 per share, not exceeding ₹78,12,90,000.
Key Highlights
- Gandhi Special Tubes declares ₹15 dividend per share (300%) for FY26.
- Record date for dividend is August 5, 2026; payment by September 11, 2026.
- Board approves buyback of up to 8,68,100 shares at ₹900 each.
- Buyback offer represents 7.14% of the company's paid-up equity share capital.
- Promoter group members intend to participate in the proposed buyback.
Price Impact
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