Gandhi Special Tubes: promoter group transfer 200,000 shares

Gandhi Special Tubes Limited announced an off-market inter-se transfer of 200,000 equity shares between members of its promoter group on September 29, 2025. This transaction, executed as a gift, involved Mr. Manhar Gandhi transferring shares to Mr. Rahul Gandhi, a part of the promoter group.

The transfer represents 1.65% of the company's total share capital. Following the transaction, Mr. Rahul Gandhi's holding increased from 100,649 shares (0.83%) to 300,649 shares (2.48%), while Mr. Manhar Gandhi's holding decreased from 1,714,564 shares (14.11%) to 1,514,564 shares (12.46%).

This inter-se transfer falls under the exemption provided by Regulation 10(1)(a)(ii) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, as it occurred between promoters and promoter group entities. The company confirmed that the aggregate holding of the promoter and promoter group remains unchanged before and after the transaction.