Gandhi Special Tubes Limited
Incorporated in 1959, Gandhi Special Tubes Ltd deals in manufacturing of Seamless and Welded Steel Tubes, Nuts and generation of Wind Power
What Gandhi files
- Others56
- Important10
- Board Meeting10
- Dividend/Bonus7
- Updates3
- Results1
Gandhi Special Tubes has approved a buyback of up to 8.68 lakh shares at ₹900 each, totaling ₹78.13 crore via a tender offer. This move aims to return surplus funds, optimize capital structure, and enhance EPS/ROE. Promoters intend to participate.
Gandhi Special Tubes' board approved financial results. Q2 revenue was 48.01 Cr with a profit of 17.69 Cr. Half-year revenue reached 96.12 Cr, achieving a profit of 39.30 Cr.
GSTL initiated transmission of deceased promoter Mr. Bhupatrai Gandhi's shareholding to nominee/joint holder. Shares remain in his name until transmission is complete, clarifying promoter ownership structure.
Gandhi Special Tubes' promoter, Mr. Manhar Gandhi, will transfer 200,000 shares (1.65%) to Mr. Rahul Gandhi within the promoter group via gift. This inter-se transfer means the total promoter group holding remains unchanged.
Gandhi Special Tubes (GSTL) Board has approved the financial results for the quarter. The unaudited results and the Limited Review Report have been finalized, with details expected to be published for investors shortly.