Gandhi Special Tubes Limited

Meeting Details

The 41st Annual General Meeting was held on Wednesday, August 12, 2026 at 11:00 a.m. IST through Video Conferencing/Other Audio Visual Means without physical presence of members. The cut-off date for determining members entitled to vote was Wednesday, August 5, 2026.

Voting Process

Remote e-voting was conducted by KFin Technologies Private Limited from Sunday, August 9, 2026 (9:00 a.m. IST) to Tuesday, August 11, 2026 (5:00 p.m. IST). Electronic voting during the AGM was conducted on www.evoting.kfintech.com. CS Nrupang B. Dholakia, Managing Partner of Dholakia & Associates LLP (Company Secretaries, CP No. 12884) was appointed as scrutinizer.

Voting Results Summary

All six resolutions proposed in the notice were duly passed with requisite majority. The total number of shareholders on record date was 13,516.

Detailed Resolution Results

Item No. 1: Adoption of Audited Financial Statements (Ordinary Resolution)

  • Total Valid Votes: 91,83,088 shares (72 members)
  • In Favor: 91,83,083 shares (99.99%, 71 members)
  • Against: 5 shares (0.01%, 1 member)
  • Invalid/Abstain Votes: NIL

Item No. 2: Declaration of Final Dividend (Ordinary Resolution)

  • Total Valid Votes: 91,83,088 shares (72 members)
  • In Favor: 91,83,083 shares (99.99%, 71 members)
  • Against: 5 shares (0.01%, 1 member)
  • Invalid/Abstain Votes: NIL

Item No. 3: Re-appointment of Jayesh Gandhi (DIN: 00041330) as Director (Ordinary Resolution)

  • Total Valid Votes: 91,83,083 shares (71 members)
  • In Favor: 91,83,078 shares (99.99%, 70 members)
  • Against: 5 shares (0.01%, 1 member)
  • Invalid/Abstain Votes: NIL

Item No. 4: Appointment of Manoj Bhupatrai Gandhi (DIN: 00041404) as Non-Executive Non-Independent Director (Ordinary Resolution)

  • Total Valid Votes: 91,83,083 shares (71 members)
  • In Favor: 91,82,978 shares (99.99%, 69 members)
  • Against: 105 shares (0.01%, 2 members)
  • Invalid/Abstain Votes: NIL

Item No. 5: Ratification of Remuneration of Cost Auditors (Ordinary Resolution)

  • Total Valid Votes: 91,83,083 shares (71 members)
  • In Favor: 91,83,078 shares (99.99%, 70 members)
  • Against: 5 shares (0.01%, 1 member)
  • Invalid/Abstain Votes: NIL

Item No. 6: Buyback of Equity Shares (Special Resolution)

  • Total Valid Votes: 91,83,088 shares (72 members)
  • In Favor: 91,83,078 shares (99.9999%, 70 members)
  • Against: 10 shares (0.0001%, 2 members)
  • Invalid/Abstain Votes: NIL

Shareholder Category Breakdown

The total outstanding shares of the company were 1,21,52,000 equity shares of nominal value ₹5 each.

Promoter and Promoter Group:

  • Shares held: 89,35,257
  • Votes polled: 89,02,457 (99.6329% of shares held)
  • 100% voted in favor on all resolutions

Public Institutions:

  • Shares held: 1,52,492
  • Votes polled: 1,49,184 (97.8307% of shares held)
  • 100% voted in favor on all resolutions

Public Non-Institutions:

  • Shares held: 30,64,251
  • Votes polled: 1,31,442-1,31,447 across resolutions (approximately 4.29% of shares held)
  • Minimal opposition ranging from 5-105 votes against various resolutions