Gandhi Special Tubes Sets August 21, 2026 Record Date for Share Buyback

Gandhi Special Tubes Ltd announced August 21, 2026, as the record date for its share buyback program. The company plans to repurchase up to 8,68,100 equity shares at a price of Rs 900 per share. This buyback will involve an aggregate amount of Rs 78.13 crore.

Reader Takeaway: Procedural clarity provided for buyback; shareholders must check eligibility by record date.

What just happened

The company has officially declared Friday, August 21, 2026, as the record date for its proposed share buyback. The Buyback Committee has finalized the details, which include purchasing up to 8,68,100 equity shares. Each share will be bought back at Rs 900, for a total expenditure not exceeding Rs 78.13 crore. This aggregate amount excludes transaction costs.

Why this matters

For existing shareholders, the record date is crucial. It determines who is eligible to participate in the buyback offer. Shareholders whose names are registered on the company's books or recorded with depositories by the close of business on August 21, 2026, will be entitled to tender their shares for repurchase.

The backstory

This announcement follows the Board of Directors' and shareholders' prior approval of the buyback plan. The company is proceeding with the necessary steps to execute this corporate action.

What changes now

Shareholders intending to participate must ensure their shareholding is correctly registered by the specified record date. This filing confirms the execution timeline for the buyback, allowing eligible shareholders to plan their participation.

Risks to watch

While this filing confirms the buyback process, shareholders should be aware that the actual buyback price is fixed and the company is proceeding with the approved size. Risks would typically involve market price volatility around the buyback period, but this filing is procedural.

Context metrics (time-bound)

• Record Date: August 21, 2026
• Buyback Size: Up to 8,68,100 Equity Shares
• Buyback Price: Rs 900 per share
• Aggregate Buyback Amount: Rs 78.13 crore (excluding transaction costs)

What to track next

Investors should watch for further communications from the company regarding the commencement of the buyback offer period and the procedure for tendering shares.