Gandhi Special Tubes Ltd. - Outcome of Board Meeting

| Updated on July 31, 2019 Published on July 31, 2019

We hereby inform you that the Board of Directors at their Meeting held on Wednesday, July 31, 2019 which commenced at 4.30 p.m. and concluded at 6.40 p.m. inter alia, have decided as under:

1. Approved the Un-audited Financial results for the quarter ended June 30, 2019 having Limited Review Report thereon.
2. Approved the Cost Audit Report for the year ended March 31, 2019.
3. Approved the Public Announcement to be published in the Newspaper in terms of Regulation 7(i) of the Buyback Regulations, 2018 for the buyback of 9,00,000 Equity Shares at a buyback price of Rs.550/- per Equity Share and the total amount for the Buyback, i.e. Rs.49,50,00,000, excluding expenses incurred or to be incurred for the Buyback
4. Fixed Friday, August 16, 2019 as the record date for purpose of determining the entitlement of the equity shareholders, who are entitled to participate in the Buyback offer

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Source : BSE - www.bseindia.com

Published on July 31, 2019
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