Board Meeting25 May 2026, 07:22 pm
Gandhi Special Tubes Recommends ₹15 Dividend, Approves Buyback
AI Summary
Gandhi Special Tubes Ltd's board approved the audited financial results for the year ended March 31, 2026, and recommended a dividend of ₹15 per equity share (300%). They also 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 in total. The buyback represents 7.14% of the paid-up equity share capital and is subject to shareholder approval.
Key Highlights
- Approved audited financial results for the year ended March 31, 2026.
- Recommended a dividend of ₹15 per share (300%) for FY26, subject to shareholder approval.
- Fixed August 5, 2026, as the record date for dividend entitlement.
- Approved buyback of up to 8,68,100 shares at a maximum price of ₹900 per share.
- Buyback offer is 7.14% of the paid-up equity share capital.
Price Impact
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