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Gandhi Special Tubes Limited (GANDHITUBE)

📊 NSE: GANDHITUBE 🏢 Steel - Medium / Small 📅 Last Updated: 12/13/2025 22:15

📢 Recent Corporate Announcements

Gandhi Special Tubes Issues Letter of Offer for ₹78.13 Cr Buyback at ₹900/Share

🟢 POSITIVE ⭐ 7/10

OTHER 📅 25 Aug 2026, 08:08 PM

Gandhi Special Tubes Limited has issued the Letter of Offer and schedule of activities for its ₹78.13 crore equity buyback via the tender offer route. The company will repurchase up to 8,68,100 fully paid equity shares (7.14% of total paid-up equity) at a fixed price of ₹900 per share. The buyback outlay represents 24.9996% of the company's net worth and free reserves as of March 31, 2026. The tendering window opens on August 27, 2026, and closes on September 2, 2026, with final settlement scheduled for September 9, 2026.

Buyback of up to 8,68,100 equity shares (7.14% of total equity) at ₹900 per share
Total aggregate cash consideration of ₹78.129 crore
Buyback size constitutes 24.9996% of total paid-up share capital and free reserves
Tender offer opens on August 27, 2026, and closes on September 2, 2026
Settlement of bids and disbursement of consideration slated for September 9, 2026

💡 Eligible shareholders (holding shares on the Record Date of August 21, 2026) can tender shares between August 27 and September 2, 2026. Monitor the final acceptance ratio post-closure.

Shareholders Approve Rs 78.13 Cr Share Buyback at Rs 900/Share (7.14% of Equity)

🟢 POSITIVE ⭐ 7/10

OTHER 📅 14 Aug 2026, 06:59 PM

Gandhi Special Tubes shareholders have approved a share buyback of up to 8,68,100 equity shares (7.14% of total equity) at a price of Rs 900 per share via the tender offer route. The total buyback size is up to Rs 78.13 crore, which represents 24.9996% of the company's paid-up equity capital and free reserves as of March 31, 2026. Promoters have confirmed their intention to participate in the offer. The record date to determine eligible shareholders will be announced separately by the board.

Buyback of up to 8,68,100 equity shares (7.14% of total paid-up capital) approved at AGM on August 12, 2026
Buyback price set at Rs 900 per share payable in cash via tender offer route
Aggregate buyback size capped at Rs 78.129 crore (24.9996% of net worth/free reserves)
15% of the buyback quantity reserved for small shareholders per SEBI regulations

💡 Track the upcoming board announcement for the official Record Date and tender schedule to determine entitlement and participation eligibility.

Rs 78.13 Cr Buyback: Gandhi Special Tubes Sets August 21, 2026 as Record Date

🟢 POSITIVE ⭐ 6/10

OTHER 📅 14 Aug 2026, 03:20 PM

Gandhi Special Tubes has fixed August 21, 2026, as the record date for its upcoming share buyback of up to 8,68,100 shares. The buyback is priced at Rs 900 per share, representing a 1.2% premium over the current market price of Rs 889. The total outlay for the buyback is Rs 78.13 crore, which constitutes approximately 24.7% of the company's reported net worth of Rs 316 crore. This capital return follows the board and shareholder approvals obtained earlier in 2026.

Buyback of up to 8,68,100 fully paid-up equity shares at Rs 900 per share.
Total buyback size of Rs 78.13 crore represents ~24.7% of the company's net worth.
Record date for eligibility is fixed as Friday, August 21, 2026.
The buyback price of Rs 900 is a slight premium to the current market price of Rs 889.

💡 Investors must hold shares in their demat account by the record date of August 21 to be eligible. Monitor the upcoming Letter of Offer for the specific acceptance ratio for retail investors.

99.99% Shareholder Approval for Final Dividend and Director Appointments at GANDHITUBE 41st AGM

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 14 Aug 2026, 11:07 AM

Gandhi Special Tubes Limited successfully concluded its 41st Annual General Meeting on August 12, 2026, with all five proposed resolutions receiving over 99.99% shareholder approval. Key outcomes include the formal adoption of FY26 audited financial statements and the declaration of a final dividend. Shareholders also approved the appointment of Mr. Manoj Bhupatrai Gandhi as a Non-Executive Non-Independent Director, ensuring board continuity. A total of 91,83,088 valid votes were recorded, indicating strong consensus among participating shareholders.

91,83,088 total valid votes were cast across all resolutions, with 99.99% in favor of the FY26 financial statements.
99.99% approval (91,83,083 votes) for the declaration of a final dividend for the financial year ended March 31, 2026.
Appointment of Mr. Manoj Bhupatrai Gandhi as a Non-Executive Director approved with 91,82,978 votes in favor.
The voting process involved 72 members participating through remote e-voting and electronic voting during the AGM.
Cut-off date for determining shareholder eligibility for voting was set as August 5, 2026.

💡 Investors should monitor the upcoming corporate announcements for the specific dividend payout date and ensure their bank details are updated with the RTA.

29.3% PAT Growth in Q1 FY27; Revenue Rises 18.9% to ₹57.20 Cr

🟢 POSITIVE ⭐ 7/10

EARNINGS 📅 12 Aug 2026, 05:37 PM

Gandhi Special Tubes reported a strong performance for Q1 FY27, with revenue from operations increasing 18.9% YoY to ₹57.20 Cr. Net profit grew by 29.3% to ₹27.94 Cr, significantly aided by a ₹9.32 Cr gain on the fair value of investments. The company maintains a highly efficient operation with a debt-free balance sheet and a reported ROCE of 32.0%. Despite higher raw material costs, the bottom line was bolstered by improved other income and controlled expense growth.

Revenue from operations increased to ₹57.20 Cr in Q1 FY27 from ₹48.11 Cr in Q1 FY26.
Net Profit (PAT) rose 29.3% YoY to ₹27.94 Cr, up from ₹21.61 Cr.
Other income included a significant gain of ₹9.32 Cr from fair value adjustments on investments.
Earnings Per Share (EPS) improved to ₹22.99 compared to ₹17.78 in the year-ago period.
Cost of materials consumed stood at ₹18.31 Cr, representing 32% of operational revenue.

💡 Investors should monitor the sustainability of the 18.9% revenue growth and whether it translates to market share gains in the precision steel tube segment. Watch for the impact of automotive sector demand on their 40 mmpa capacity utilization in upcoming quarters.

Gandhi Special Tubes 41st AGM: Shareholders Vote on Share Buyback and Final Dividend

🟢 POSITIVE ⭐ 6/10

ROUTINE 📅 12 Aug 2026, 05:04 PM

Gandhi Special Tubes held its 41st Annual General Meeting on August 12, 2026, where shareholders voted on six key resolutions. Most significantly, the company proposed a special resolution for a Buy Back of Equity Shares and an ordinary resolution for a final dividend for FY 2025-26. The meeting also addressed the appointment of Mr. Manoj Bhupatrai Gandhi as a Non-Executive Director. Voting results are expected to be disclosed within two working days, which will provide clarity on the buyback size and dividend amount.

41st Annual General Meeting conducted on August 12, 2026, via video conferencing
Special resolution proposed for the Buy Back of Equity Shares of the company
Total of 53 shareholders participated in the meeting through audio-visual means
Proposed appointment of Mr. Manoj Bhupatrai Gandhi (DIN: 00041411) as a Non-Executive Director
Meeting concluded at 11:37 AM after 37 minutes of proceedings

💡 Investors should monitor the upcoming disclosure of voting results to confirm the approval and specific terms (price and quantity) of the share buyback and the final dividend amount.

Gandhi Special Tubes Issues Notice for 41st AGM and FY 2025-26 Annual Report

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 17 Jul 2026, 04:33 PM

Gandhi Special Tubes has informed shareholders about the availability of its 41st Annual General Meeting (AGM) notice and the Annual Report for FY 2025-2026. This communication follows the SEBI LODR amendment dated December 12, 2024, which allows companies to provide a web-link instead of hard copies to members without registered email addresses. The filing is a standard procedural requirement to ensure all shareholders have access to the company's financial disclosures. Investors can now access the full report via the company's official website.

Notice issued for the 41st Annual General Meeting (AGM) of the company.
Annual Report for the financial year 2025-2026 made available via digital web-link.
Compliance with SEBI LODR amendment dated December 12, 2024, regarding shareholder communication.
Company maintains a total installed tube capacity of 40 million meters per annum (mmpa) at its Gujarat plant.

💡 Investors should access the provided web-link to review the FY 2025-26 Annual Report for detailed insights into the company's operational performance and management discussion.

₹78.13 Cr Buyback at ₹900/Share: Gandhi Special Tubes to Seek Shareholder Approval at AGM

🟢 POSITIVE ⭐ 7/10

BOARD_MEETING 📅 17 Jul 2026, 10:56 AM

Gandhi Special Tubes has scheduled its 41st AGM for August 12, 2026, to approve a significant buyback of 8,68,100 shares at ₹900 per share. The total buyback size is ₹78.13 Cr, representing 24.9996% of the company's net worth as of March 31, 2026, which is the maximum permissible limit under the tender route without further approvals. The buyback price offers a premium over the current market price of ₹867.6. Additionally, the company is seeking to formalize the appointment of Manoj Bhupatrai Gandhi as a Non-Executive Director.

Proposed buyback of 8,68,100 shares at ₹900 per share via the tender offer route.
Total buyback outlay of ₹78.13 Cr represents 24.9996% of the company's paid-up capital and free reserves.
The buyback involves 7.14% of the total paid-up equity share capital of the company.
Cut-off date for determining e-voting eligibility for the AGM is set for August 5, 2026.
Appointment of Mr. Manoj Bhupatrai Gandhi (holding 30,19,654 shares) as a Non-Executive Director.

💡 Investors should monitor the outcome of the AGM on August 12, 2026, and the subsequent announcement of the Record Date to determine eligibility for the tender offer.

Gandhi Special Tubes Submits Quarterly Compliance Certificate for June 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 13 Jul 2026, 12:09 PM

Gandhi Special Tubes Limited has submitted its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. The document, issued by KFin Technologies Limited (the Registrar and Transfer Agent), confirms that all dematerialization requests for the quarter ended June 30, 2026, were processed within the mandated 15-day timeframe. This includes the mutilation of physical certificates and updating depository records. This is a standard administrative filing required for all listed entities in India.

Compliance confirmed for the quarter ended June 30, 2026
Dematerialization requests processed within 15 days of receipt
Certificate issued by RTA KFin Technologies Limited on July 13, 2026
Confirms mutilation and cancellation of physical security certificates

💡 No action is required as this is a routine procedural filing. Investors should monitor the company's upcoming quarterly financial results for material performance updates.

Trading Window Closure from July 1, 2026, for Q1 FY27 Financial Results

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 30 Jun 2026, 11:01 AM

Gandhi Special Tubes Limited has announced the closure of its trading window for all designated persons starting July 1, 2026. This is a mandatory regulatory filing under SEBI Insider Trading regulations ahead of the first quarter (Q1) financial results for the period ending June 30, 2026. The window will remain closed until 48 hours after the results are officially declared. The company has not yet specified the date for the board meeting to approve these results.

Trading window closure effective from July 1, 2026
Restriction applies to Directors, Promoters (73.52% stake), and designated employees
Window to reopen 48 hours after the declaration of Q1 FY27 results
Board meeting date for financial results to be intimated in due course

💡 Educational: This is a routine administrative filing. Investors should wait for the announcement of the board meeting date to assess the company's Q1 performance.

Gandhi Special Tubes Promoters Declare Zero Pledged Shares for FY 2025-26

🟢 POSITIVE ⭐ 6/10

REGULATORY 📅 15 Jun 2026, 06:26 PM

Manhar G. Gandhi, on behalf of the promoter group of Gandhi Special Tubes Limited, has filed a declaration under Regulation 31(4) of SEBI Takeover Regulations. The promoter group and Persons Acting in Concert (PAC) collectively hold 89,35,257 shares, which constitutes 73.53% of the company's total paid-up share capital. The filing confirms that no shares held by the promoters were encumbered or pledged, directly or indirectly, during the financial year ended March 31, 2026.

Promoter group holds a dominant 73.53% stake in the company as of March 31, 2026.
Total shares held by the promoter group and PAC amount to 89,35,257 equity shares.
Official declaration confirms zero encumbrance or pledging of promoter shares during the fiscal year.
The disclosure involves 18 distinct promoter entities and individuals, including Manhar Gandhi and various family HUFs and LLPs.

💡 Investors should take confidence in the high promoter stake and the absence of any share pledging, which indicates financial stability and management commitment. No immediate action is required as this is a routine but positive compliance disclosure.

GANDHITUBE Promoters Declare Nil Encumbrance on 73.53% Stake for FY26

🟢 POSITIVE ⭐ 6/10

REGULATORY 📅 15 Jun 2026, 05:58 PM

Manhar G. Gandhi, on behalf of the promoter group of Gandhi Special Tubes Limited, has filed a declaration under Regulation 31(4) of SEBI Takeover Regulations. The promoter group collectively holds 89,35,257 shares, which constitutes 73.53% of the company's total paid-up share capital. The filing confirms that no shares held by the promoters or persons acting in concert (PAC) were encumbered or pledged, directly or indirectly, during the financial year ended March 31, 2026.

Promoter group holds a significant 73.53% stake in the company, totaling 89,35,257 shares.
Official declaration confirms zero encumbrance or pledge on the entire promoter holding for the fiscal year ended March 31, 2026.
The disclosure covers 18 promoter entities, including individuals, HUFs, and LLPs such as Gandhi Finance Co. LLP.
Compliance with SEBI (Substantial Acquisition of Shares and Takeovers) Regulations ensures transparency regarding promoter leverage.

💡 Investors should take this as a sign of financial stability and promoter confidence, as the absence of pledged shares reduces the risk of forced selling. No immediate action is required, but the high promoter holding remains a positive fundamental attribute.

Gandhi Special Tubes Announces ₹15 Dividend and ₹78.13 Cr Buyback at ₹900/Share

🟢 POSITIVE ⭐ 8/10

DIVIDEND 📅 25 May 2026, 07:39 PM

Gandhi Special Tubes has announced a dual reward for shareholders following its board meeting on May 25, 2026. The company recommended a final dividend of ₹15 per share (300% of face value) and approved a share buyback of up to 8,68,100 shares at a price of ₹900 per share. The total buyback size is approximately ₹78.13 crore, representing 7.14% of the total paid-up equity capital. The record date for the dividend is fixed as August 5, 2026, while the buyback will be conducted via the tender offer route.

Recommended a final dividend of ₹15 per equity share (300% of ₹5 face value) for FY 2025-26.
Approved a share buyback of 8,68,100 shares at ₹900 per share, totaling ₹78.13 crore.
The buyback represents 7.14% of the total paid-up equity share capital via tender offer route.
Fixed August 5, 2026, as the record date for determining dividend entitlement.
Promoters have expressed intention to participate in the proposed buyback offer.

💡 Investors should maintain their positions to qualify for the ₹15 dividend and consider the buyback offer which is likely at a significant premium. Small shareholders should particularly note the 15% reservation policy in the buyback tender.

Gandhi Special Tubes to Close Trading Window from April 1, 2026, for Q4 FY26 Results

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 27 Mar 2026, 04:55 PM

Gandhi Special Tubes Limited has announced the closure of its trading window starting April 1, 2026, in compliance with SEBI Insider Trading regulations. This closure is ahead of the declaration of the company's audited financial results for the fourth quarter and the full financial year ending March 31, 2026. The restriction applies to all directors, promoters, and designated employees, preventing them from trading in company shares. The window will reopen 48 hours after the financial results are officially announced to the exchanges.

Trading window closure effective from Wednesday, April 1, 2026.
Closure pertains to the audited financial results for Q4 and the full year ended March 31, 2026.
Window to remain closed until 48 hours after the results are declared.
Applies to all designated persons including Directors, Promoters, and Auditors.
The specific date for the Board Meeting to approve results will be announced later.

💡 This is a standard regulatory procedure and does not impact the company's fundamentals. Investors should monitor for the upcoming board meeting date to track the release of Q4 and FY26 earnings.

Gandhi Special Tubes Clarifies Stance on Recent Trading Volume Spurt

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 18 Feb 2026, 10:17 AM

Gandhi Special Tubes Limited has responded to a surveillance query from the National Stock Exchange regarding a significant increase in trading volume. The company clarified that all price-sensitive information has been disclosed in compliance with SEBI (LODR) Regulations, 2015. Management stated there is no undisclosed information or pending announcements that could influence the scrip's volume or price behavior. The company attributed the recent activity purely to market conditions and confirmed it is market-driven.

NSE issued a surveillance query on February 17, 2026, regarding a spurt in trading volume
Company responded on February 18, 2026, stating no undisclosed price-sensitive information exists
Management confirmed full compliance with Regulation 30 of SEBI (LODR) Regulations, 2015
The increase in volume and price is attributed entirely to market-driven factors rather than company-specific news

💡 Investors should treat this as a routine regulatory clarification and focus on fundamental performance. Exercise caution as high volume without fundamental news can often indicate speculative activity.

View All GANDHITUBE Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

Not disclosed in available documents. The company reported un-audited financial results for Q2 FY26 (quarter ended 30 September 2025) on 10 November 2025, but specific segment growth percentages were not provided in the announcements.

Geographic Revenue Split

Not disclosed in available documents. The company operates a manufacturing plant in Halol, Gujarat, but regional revenue contribution percentages are not specified.

Profitability Margins

Not disclosed in available documents. Financial results for the half-year ended 30 September 2025 were approved by the Board, but specific Gross, Operating, or Net profit percentages were not included in the text.

EBITDA Margin

Not disclosed in available documents. Core profitability metrics and YoY changes were not provided in the summary announcements.

Capital Expenditure

Not disclosed in available documents. Historical or planned capital expenditure values in INR Cr were not mentioned.

Credit Rating & Borrowing

CRISIL suspended its ratings for the company's INR 9.5 Cr (95 million) bank loan facilities on 13 July 2012 due to non-cooperation. Previous ratings included CRISIL A1+ for short-term facilities (INR 7 Cr) and CRISIL A+/Stable for long-term facilities (INR 2.5 Cr Cash Credit).

⚙️ Operational Drivers

Raw Materials

Steel is the primary raw material used for the production of precision-welded and seamless steel tubes. Specific cost percentages for steel coils or billets are not disclosed.

Capacity Expansion

The company has a current installed capacity of 24 million meters per annum (mmpa) for welded tubes and 16 mmpa for seamless tubes at its Halol, Gujarat plant. It also maintains a wind power capacity of 5.35 MW.

Raw Material Costs

Not disclosed in available documents. Procurement strategies and YoY cost changes were not provided.

Manufacturing Efficiency

Not disclosed in available documents. Specific capacity utilization percentages were not provided.

📈 Strategic Growth

Growth Strategy

The company focuses on maintaining its position as one of the largest players in the precision steel tube market by catering to high-volume OEMs in the automotive, refrigeration, and general engineering industries. A new inter-se promoter agreement signed on 22 November 2025 ensures management stability by requiring 75% promoter consent for share transfers and pledges, preventing hostile takeovers or sudden exits.

Products & Services

Precision-welded steel tubes, seamless steel tubes of small diameters, cold-formed nuts, and wind power generation.

Brand Portfolio

Gandhi Special Tubes.

Market Share & Ranking

The company is identified as one of the largest players in the precision-welded and seamless steel tubes business in India.

🌍 External Factors

Industry Trends

The industry is currently driven by the demand for high-precision components in the automotive sector. The company is positioned to benefit from this trend through its specialized 40 mmpa capacity for small-diameter tubes.

Competitive Landscape

The company competes with other specialized steel tube manufacturers, maintaining its edge through scale and its integrated manufacturing plant in Gujarat.

Competitive Moat

The company possesses a durable moat through its specialized manufacturing capabilities for small-diameter precision tubes and long-standing relationships with major OEMs, which are difficult for new entrants to replicate at scale.

Macro Economic Sensitivity

Highly sensitive to the growth cycles of the Indian automotive and refrigeration industries.

Consumer Behavior

Increased demand for high-quality, durable precision components in consumer appliances and vehicles is driving the shift toward specialized tube suppliers.

⚖️ Regulatory & Governance

Industry Regulations

Operations are subject to manufacturing standards for steel tubes and regulations governing wind power generation in Gujarat.

Environmental Compliance

The company operates a 5.35 MW wind power plant, contributing to its green energy profile, though specific ESG compliance costs are not disclosed.

⚠️ Risk Analysis

Key Uncertainties

The transmission of a 13.24% stake following the death of promoter Bhupatrai Gandhi and the historical suspension of credit ratings due to non-cooperation with CRISIL are key uncertainties.