Gandhi Special Tubes logo

Gandhi Special Tubes MD, chairman and AGM

NSE: GANDHITUBEBSE: 513108Industrial ProductsSmall Cap

Gandhi Special Tubes Limited · Face value ₹5 · Listed Aug 1986 on BSE, Jan 2007 on NSE
Last close ₹873.90up ₹5.40 (0.62%)BSE ₹869.80

Share price at the NSE close on 30 Oct 2026. Previous close ₹868.50.

30 Oct: open ₹879.00, high ₹885.05, low ₹855.80

52-week range of traded prices to 30 Oct 2026
₹681.05Low, 27 Jan 2026₹1,046.60High, 22 Sep 2026
Market cap
₹986 Cr1,480th largest listed
P/E
13.20
P/B
Shares changed
Dividend yield
1.72%
ROE
25.7%
ROCE
27.2%
Debt to equity
0.00
Volume, NSE
4,45577.7% delivered

Gandhi Special Tubes' chairperson and managing director is MANHAR GORDHANDAS GANDHI, as filed for the quarter to Sep 2026. Its latest annual general meeting was on 12 Aug 2026.

Gandhi Special Tubes board of directors

At the end of the quarter to Sep 2026, as the company filed it; changes since are in its announcements.Their trades in its shares

  • Chairperson and managing directorMANHAR GORDHANDAS GANDHI
  • Company Secretary and Compliance OfficerChaitali Parekh

7 directors4 independent1 executive2 non-executive

  • MANHAR GORDHANDAS GANDHI · Chairperson and managing directorExecutive · joined Apr 1985 · reappointed Jan 2023 · 497 months as independent · 1 listed board
  • JAYESH MANHARLAL GANDHINon-executive · joined May 1998 · reappointed Aug 2026 · 367 months as independent · 1 listed board · 2 committee seats, 1 as chair
  • MANOJ BHUPATRAI GANDHINon-executive · joined Jun 2026 · reappointed Jun 2026 · 4 months as independent · 1 listed board
  • VIRAL DHIRAJLAL DOSHIIndependent · joined Apr 2024 · reappointed Apr 2024 · 30 months as independent · 1 listed board · 1 as independent · 1 committee seat, 1 as chair
  • HEMAL VASANTARI SHAHIndependent · joined Apr 2024 · reappointed Apr 2024 · 30 months as independent · 1 listed board · 1 as independent · 2 committee seats
  • RITIKA DHRUVIL SHAHIndependent · joined Oct 2024 · reappointed Oct 2024 · 23 months as independent · 1 listed board · 1 as independent · 1 committee seat
  • NISHITA RONAK CHHEDAIndependent · joined Aug 2025 · reappointed Aug 2025 · 14 months as independent · 1 listed board · 1 as independent · 2 committee seats

An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.

2 directors who left
  • BHUPATRAI GORDHADAS GANDHI, left 9 Sep 2025: Others
  • BHAVI JATIN KORADIA, left 30 Oct 2024: Tenure Completion

Committees and meetings

Who sits on each, and how often they met.Board meeting notices and outcomes

  • Board

    • 12 Aug 20267 of 7 present4 independent · 78 days in between
    • 25 May 20266 of 6 present4 independent

  • Audit Committee

    Chair VIRAL DHIRAJLAL DOSHI

    JAYESH MANHARLAL GANDHI, HEMAL VASANTARI SHAH, RITIKA DHRUVIL SHAH, NISHITA RONAK CHHEDA

    • 12 Aug 20265 of 5 present4 independent · 78 days in between
    • 25 May 20265 of 5 present4 independent

  • Nomination and remuneration committee

    Chair HEMAL VASANTARI SHAH

    VIRAL DHIRAJLAL DOSHI, RITIKA DHRUVIL SHAH

    No meeting listed in the filing.

  • Stakeholders Relationship Committee

    Chair JAYESH MANHARLAL GANDHI

    HEMAL VASANTARI SHAH, NISHITA RONAK CHHEDA

    No meeting listed in the filing.

  • Corporate Social Responsibility Committee

    Chair MANHAR GORDHANDAS GANDHI

    JAYESH MANHARLAL GANDHI, RITIKA DHRUVIL SHAH

    No meeting listed in the filing.

Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.

Statutory auditor

Named in the results for the quarter to Mar 2026.

  • M/S SV Doshi & Co.Peer-review certificate valid to Jul 2028

A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.

Gandhi Special Tubes AGM and shareholder votes

Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Gandhi Special Tubes dividend history

Annual general meeting, 12 Aug 2026

13,516 shareholders on the register on 5 Aug 2026; present: 16 promoters and 47 others; votes counted by NRUPANG B. DHOLAKIA / DHOLAKIA & ASSOCIATES LLP.The company's voting result

  1. To receive, consider and adopt the Audited Financial Statements of the Company for the financial year ended 31 March 2026 and the Reports of the Board of Directors and Auditors thereon.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 75.57% · promoters 99.63% · institutions 97.83% · other public 4.29%

  2. To declare Final Dividend on Equity Shares for the Financial Year ended 31 March 2026.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 75.57% · promoters 99.63% · institutions 97.83% · other public 4.29%

  3. To appoint a Director in place of Mr. Jayesh Gandhi (DIN 00041330), who retires by rotation and being eligible, offers himself for re-appointment
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 75.57% · promoters 99.63% · institutions 97.83% · other public 4.29%

  4. Appointment of Mr. Manoj Bhupatrai Gandhi (DIN:00041404) as a Non-Executive Non Independent Director of the Company
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.08%

    Turnout: all 75.57% · promoters 99.63% · institutions 97.83% · other public 4.29%

  5. Ratification of Remuneration of Cost Auditors
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 75.57% · promoters 99.63% · institutions 97.83% · other public 4.29%

  6. Buyback of Equity Shares
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 75.57% · promoters 99.63% · institutions 97.83% · other public 4.29%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 11 Aug 2025, 7 resolutions

11,718 shareholders on the register on 4 Aug 2025; present: 15 promoters and 49 others; votes counted by NRUPANG B. DHOLAKIA / DHOLAKIA & ASSOCIATES LLP.The company's voting result

  1. To receive, consider and adopt the Audited Financial Statements of the Company for the financial year ended 31 March 2025 and the Reports of the Board of Directors and Auditors thereon.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 77.48% · promoters 99.63% · institutions 95.96% · other public 11.47%

  2. To declare Final Dividend on Equity Shares for the Financial Year ended 31 March 2025
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 77.48% · promoters 99.63% · institutions 95.96% · other public 11.47%

  3. To appoint a Director in place of Mr. Jayesh Gandhi (DIN 00041330), who retires by rotation and being eligible, offers himself for re-appointment.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 77.48% · promoters 99.63% · institutions 95.96% · other public 11.47%

  4. Appointment of Mrs. Nishita Chheda as a Woman Independent Director of the Company
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.03%

    Turnout: all 77.48% · promoters 99.63% · institutions 95.96% · other public 11.47%

  5. Approval of remuneration of related party, Mr. Rahul Gandhi, holding office or place of profit
    OrdinaryPromoters have an interest in it
    96.54% for3.46% against

    Against: promoters 0.00% · institutions 10.51% · other public 0.16%

    Turnout: all 4.22% · promoters 0.00% · institutions 95.96% · other public 11.47%

  6. Appointment of M/s Dholakia & Associates LLP, Company Secretaries, as the Secretarial Auditors of the Company for a term of five consecutive financial years from 1 April 2025 to 31 March 2030
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 77.48% · promoters 99.63% · institutions 95.96% · other public 11.47%

  7. Ratification of Remuneration of Cost Auditors
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 77.48% · promoters 99.63% · institutions 95.96% · other public 11.47%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 28 Nov 2024, 2 resolutions
  1. Appointment of Mrs. Ritika Shah ( DIN: 10723406) as a Woman Independent Director of the Company
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 14.95%

    Turnout: all 73.11% · promoters 99.10% · institutions 14.39% · other public 0.17%

  2. To make investments, give loans, guarantees and security in excess of limits specified under section 186 of the Companies Act, 2013.
    Special
    99.71% for0.29% against

    Against: promoters 0.00% · institutions 100.00% · other public 16.54%

    Turnout: all 73.11% · promoters 99.10% · institutions 14.39% · other public 0.17%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 12 Aug 2024, 4 resolutions

Present: 20 promoters and 38 others.

  1. To receive, consider and adopt the Audited Financial Statements of the Company for the financial year ended 31 March 2024 and the Reports of the Board of Directors and Auditors thereon.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.03%

    Turnout: all 74.80% · promoters 99.63% · institutions 14.30% · other public 5.32%

  2. To declare Final Dividend on Equity Shares for the Financial Year ended 31 March 2024
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.03%

    Turnout: all 74.80% · promoters 99.63% · institutions 14.30% · other public 5.32%

  3. To appoint Director in place of Mr. Bhupatrai Gandhi ( DIN 00041273) who retires by rotation and being eligible , offers himself for re-appointment.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.09%

    Turnout: all 74.80% · promoters 99.63% · institutions 14.30% · other public 5.32%

  4. Ratification of Remuneration of Cost Auditors
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.04%

    Turnout: all 74.80% · promoters 99.63% · institutions 14.30% · other public 5.32%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 13 Apr 2024, 3 resolutions
  1. Appointment of Mr. Viral Doshi ( DIN: 10419947) as an Independent Director of the Company
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.22%

    Turnout: all 73.52% · promoters 99.10% · institutions 14.54% · other public 1.79%

  2. Appointment of Mr. Hemal shah ( DIN: 10423683) as an Independent Director of the Company
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.20%

    Turnout: all 73.52% · promoters 99.10% · institutions 14.54% · other public 1.79%

  3. Approval of increase in remuneration to Mr. Manhar Gandhi , Managing Director
    SpecialPromoters have an interest in it
    99.74% for0.26% against

    Against: promoters 0.00% · institutions 89.62% · other public 0.46%

    Turnout: all 73.52% · promoters 99.10% · institutions 14.54% · other public 1.79%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 9 Aug 2023, 4 resolutions

Present: 16 promoters and 32 others.

  1. To receive, consider and adopt the Audited Financial Statements of the Company for the financial year ended 31 March 2023 and the Reports of the Board of Directors and Auditors thereon
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 74.57% · promoters 99.18% · institutions 12.62% · other public 5.81%

  2. To declare Final Dividend on Equity Shares for the Financial Year ended 31 March 2023
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 74.57% · promoters 99.18% · institutions 12.62% · other public 5.81%

  3. To appoint a Director in place of Mr. Jayesh Gandhi (DIN 00041330), who retires by rotation and being eligible, offers himself for re-appointment.
    Ordinary
    99.75% for0.25% against

    Against: promoters 0.00% · institutions 100.00% · other public 0.00%

    Turnout: all 74.57% · promoters 99.18% · institutions 12.62% · other public 5.81%

  4. Ratification of Remuneration of Cost Auditors
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 74.57% · promoters 99.18% · institutions 12.62% · other public 5.81%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 26 Jul 2022, 7 resolutions

Present: 18 promoters and 30 others.

  1. To consider and adopt the Audited Financial Statements for the year ended March 31, 2022 and the Reports of the Board of Directors and Auditors thereon for the Financial Year ended March 31, 2022.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 75.54% · promoters 99.90% · institutions 94.99% · other public 7.23%

  2. To declare a Dividend on Equity Shares for the Financial Year ended March 31, 2022
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 75.54% · promoters 99.90% · institutions 94.99% · other public 7.23%

  3. To appoint a Director in place of Shri Bhupatrai Gandhi (DIN 00041273), who retires by rotation and being eligible, offers himself for re-appointment
    Ordinary
    99.75% for0.25% against

    Against: promoters 0.00% · institutions 100.00% · other public 0.00%

    Turnout: all 75.54% · promoters 99.90% · institutions 94.99% · other public 7.23%

  4. To appoint Statutory Auditors of the Company for a period of 5 years and to fix their remuneration
    Ordinary
    99.75% for0.25% against

    Against: promoters 0.00% · institutions 100.00% · other public 0.00%

    Turnout: all 75.54% · promoters 99.90% · institutions 94.99% · other public 7.23%

  5. Re-appointment of Shri Manharlal G. Gandhi as Managing Director and Payment of Remuneration with effect from 01.01.2023
    Special
    99.75% for0.25% against

    Against: promoters 0.00% · institutions 100.00% · other public 0.00%

    Turnout: all 75.54% · promoters 99.90% · institutions 94.99% · other public 7.23%

  6. Re-appointment of Shri Bhupatrai G. Gandhi as Managing Director and Payment of Remuneration with effect from 01.01.2023
    Special
    99.75% for0.25% against

    Against: promoters 0.00% · institutions 100.00% · other public 0.00%

    Turnout: all 75.54% · promoters 99.90% · institutions 94.99% · other public 7.23%

  7. Ratification of remuneration payable to Shri Dakshesh Zaveri, Cost Accountant, appointed as Cost Auditors of the Company for FY 2022-2023
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 75.54% · promoters 99.90% · institutions 94.99% · other public 7.23%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 10 Aug 2021, 5 resolutions

Present: 23 promoters and 36 others.

  1. To consider and adopt the Audited Financial Statements for the year ended March 31, 2021 and the Reports of the Board of Directors and Auditors thereon for the Financial Year ended March 31, 2021.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 75.76% · promoters 99.65% · institutions 0.00% · other public 9.89%

  2. To declare a Dividend on Equity Shares for the Financial Year ended March 31, 2021
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 75.76% · promoters 99.65% · institutions 0.00% · other public 9.89%

  3. To appoint a Director in place of Shri Jayesh Gandhi (DIN 0041330), who retires by rotation and being eligible, offers himself for re-appointment
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 75.75% · promoters 99.65% · institutions 0.00% · other public 9.89%

  4. To approve Buyback of shares through Tender Offer Route
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 75.76% · promoters 99.65% · institutions 0.00% · other public 9.89%

  5. Ratification of remuneration payable to Shri Dakshesh Zaveri, Cost Accountant, appointed as Cost Auditors of the Company for FY 2021-2022.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 75.75% · promoters 99.65% · institutions 0.00% · other public 9.89%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Fines

Reported in the filing for the quarter to Sep 2026.

  • Fine or penaltyCENTRAL GST & CENTRAL Excise, Audit, VadodaraSince 18 Aug 2026₹39,374

    AUDIT REPORT FOR APRIL-2020 TO MARCH-2024

    1. TAX MISMATCH OF INVOICES SHOWN IN ITC CLAIM LEDGER AS COMPARED TO GSTR-2A 2, NON REVERSAL OF ITC AVAILED IN WRONG HEAD 3. INELIGIBLE ITC U/S 16 OF THE CGST ACT 2017 4, NON REVERSAL OF INELIGIBL ITC DUE TO CANCELLATION OF SUPPLIER REGISTRATION 5. WRONG AVAILMENT OF ITC ON INELIGIBLE INPUTS/IMPUT SERVICES WHICH ARE BLOCKED UNDER SECTION 17(5) OF THE CGST ACT, 2017 6. NON-PAYMENT OF GST ON SERVICES RECEIVED FROM GOVERNMENT TO BUSINESS ENTITYMoreLess

In the company's own words, from its latest governance filing.

Investor complaints and compliance

Quarter by quarter.

Investor complaints received and resolved, the company's own count

  • Received
  • Resolved
11Dec 2411Mar 2500Jun 2500Sep 2500Dec 2500Mar 2622Jun 2600Sep 26

Open at the quarter's end

0Dec 240Mar 250Jun 250Sep 250Dec 250Mar 260Jun 260Sep 26
None open at any quarter's end.
The board is made up as the listing rules require
Yes
The board has a regular chairperson
Yes
The company has a risk management committee
No
The chair is related to the managing director
Yes
The filing has a part on fines and penalties
Yes
The filing has a part on tax disputes
No
There was a cyber security incident in the quarter
No

The company's own answers in its filing.