Gandhi Special Tubes announces inter-se share transfer within promoter group

Gandhi Special Tubes Limited announced an off-market inter-se transfer of 200,000 equity shares between promoter Mr. Manhar Gandhi and Mr. Rahul Gandhi, a part of the promoter group. This transaction, scheduled for September 26, 2025, will be executed as a gift, resulting in a nil acquisition price and increasing Mr. Rahul Gandhi’s stake from 0.83% to 2.48%.

The transfer falls under the exemption of Regulation 10(1)(a)(ii) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, as it is an inter-se transfer amongst the promoter and promoter group without consideration. The aggregate holding of the promoter and promoter group will remain unchanged after this private family arrangement.

This disclosure confirms adherence to SEBI SAST Regulations, ensuring all conditions for exemption have been met.