Gandhi Special Tubes Limited Announces Record Date for Equity Share Buyback
Gandhi Special Tubes Limited has announced that the board and shareholders have approved a significant buyback of the company's fully paid-up equity shares. The buyback is set to commence, with a specific record date established to determine eligibility among beneficial owners.The Company has approved the purchase of up to 6,681,000 fully paid-up equity shares. Each share, which holds a face value of INR 5, will be acquired at a price of INR 900 per Equity Share. The total aggregate value for this buyback is up to INR 78,12,90,000.
The transaction covers the maximum purchase quantity and excludes associated costs, such as brokerage fees, taxes (including securities transaction tax, goods and services tax, and stamp duty), filing fees, and other incidental expenses related to the buyback.
To ensure fair participation, the Buyback Committee of Gandhi Special Tubes Limited has set Friday, August 21, 2026, as the record date. This date is designated for determining the names and entitlement of equity shareholders who will be eligible to participate in the buyback process.
GANDHITUBE Stock Price Movement
Gandhi Special Tubes Limited shares settled down today after shedding ₹6.65, marking a 0.75% decline in the stock price. The equity traded with a volume of 6,808 shares and touched an intraday low of ₹875.9.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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