Closure of Buy Back

Gandhi Special Tubes Limited CIN: L27104MH1985PLC036004 Registered address: 201-204,Plaza, 2nd Floor, 55 Hughes Road, Mumbai -400 007 Tel: +91 2223634179/23634183 info@gandhitubes.com; complianceofficer@gandhitubes.com www.gandhispecialtubes.com Ref:GSTL/BSE/NSE/62029071 September 17, 2026 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, Bandra Kurla Complex, Dalal Street, Bandra (East) Mumbai -400 001 Mumbai -400 051 Scrip Code: 513108 Symbol: GANDHITUBE Dear Sir / Madam, Sub: 1. Completion of Extinguishment of Equity Shares as a result of the conclusion of Buyback Offer of 8,68,100 Equity Shares of Face Value of Rs. 5/- each of Gandhi Special Tubes Limited 2. Reconciliation of share capital of the Company Ref: Buy Back of Equity Shares by M/s. Gandhi Special Tubes Limited (the "Company") Pursuant to the Public Announcement dated Friday, August 14, 2026 published on Tuesday, August 18, 2026 ("Public Announcement"), Corrigendum to Public Announcement dated Monday, August 24, 2026 published on Tuesday, August 25, 2026 ("Corrigendum to PA"), and the Letter of Offer dated Monday, August 24, 2026 ("Letter of Offer"), the Tendering Period for the Buy-back opened on Thursday, August 27, 2026 and closed on Wednesday, September 2, 2026. In compliance with Regulation 11 and 24(iv) of Securities and Exchange Board of India (Buy-Back of Securities) Regulations, 2018 ("Buyback Regulations"), this is to inform you that the Company has extinguished 8,68,100 fully paid up equity shares of Rs. 5/- each (in dematerialized form) as a result of the conclusion of Buyback Offer of 8,68,100 Equity Shares. We enclose herewith certificates Ref: CDSL/OPS/IPO-CA/2026-27/CA-781460.001 dated September 16, 2026 received from Central Depository Services (India) Limited (“CDSL”) and a certificate relating to the above extinguishment of 8,68,100 Equity Shares, in accordance with the provisions of Regulation 11 of the Buyback Regulations. The Company has also published a "Post Buy-back Public Advertisement" dated Thursday, September 10, 2026 on Friday, September 11, 2026, in compliance with Regulation 24(vi) of the Buy-back Regulations. In view of the above, please note the following: RECONCILIATION OF SHARE CAPITAL OF THE COMPANY (PRE AND POST EXTINGUISHMENT) Particulars Equity Shares Amount (Rs.) Issued and Paid-up Equity Share Capital (Pre-buyback and 1,21,52,000 6,07,60,000 Extinguishment) Less: Equity Shares Bought back and Extinguished Gandhi Special Tubes Limited CIN: L27104MH1985PLC036004 Registered address: 201-204,Plaza, 2nd Floor, 55 Hughes Road, Mumbai -400 007 Tel: +91 2223634179/23634183 info@gandhitubes.com; complianceofficer@gandhitubes.com www.gandhispecialtubes.com a) Dematerialised Form 8,68,100 43,40,500 b) Physical Form Nil Nil Issued and Paid-up Equity Share Capital (Post-buyback and 1,12,83,900 5,64,19,500 Extinguishment) The number of Equity Shares bought back and the post buy-back shareholding pattern were disclosed in the Post Buy-back Public Advertisement published, the same have been reproduced below for ease of reference: Pre-Buyback(1) Post-Buyback Category of Shareholders No. of Equity % of No. of Equity % of Shares shareholding Shares shareholding Promoters and persons acting in concert 89,35,257 73.53 80,90,553 71.70 (collectively “the Promoter”) Foreign Investors (including Non Resident Indians / FIIs / Foreign 3,15,051 2.59 Mutual Funds) Financial Institutions / Banks and 31,93,347 28.30 Mutual Funds promoted by Banks / 2,308 0.02 Institutions Others (Public, Bodies Corporate, etc.) 28,99,384 23.86 Total 1,21,52,000 100.00 1,12,83,900 100.00 (1) As on Record Date, i.e., Friday, August 21, 2026 The terms used but not defined in this letter shall same meaning as assigned in the Public Announcement and the Letter of Offer. Further, we would like to confirm that the above extinguishment has been done as per the provisions of the Buyback Regulations. This is for your information and record. Yours faithfully, For Gandhi Special Tubes Limited Chaitali Parekh Company Secretary (Membership No: ACS 54216) Gandhi Special Tubes Limited CIN: L27104MH1985PLC036004 Registered address: 201-204,Plaza, 2nd Floor, 55 Hughes Road, Mumbai -400 007 Tel: +91 2223634179/23634183 info@gandhitubes.com; complianceofficer@gandhitubes.com www.gandhispecialtubes.com CERTIFICATE OF EXTINGUISHMENT OF EQUITY SHARES BOUGHT BACK BY GANDHI SPECIAL TUBES LIMITED (“the Company”) This certificate is being made in compliance with the requirements of Regulation 11 of the Securities and Exchange Board of India (Buy-Back of Securities), 2018, as amended ("Buyback Regulations"). Pursuant to the Public Announcement dated Friday, August 14, 2026 published on Tuesday, August 18, 2026 ("Public Announcement"), Corrigendum to Public Announcement dated Monday, August 24, 2026 published on Tuesday, August 25, 2026 ("Corrigendum to PA"), and the Letter of Offer dated Monday, August 24, 2026 ("Letter of Offer"), the Company bought back 8,68,100 Equity Shares of Rs. 5/- each fully paid-up, from its existing shareholders, through tender offer route using stock exchange mechanism, at a price of Rs. 900/- per Equity Share. The Tendering Period for the Buy-back opened on Thursday, August 27, 2026 and closed on Wednesday, September 2, 2026. In accordance with the provisions of Regulation of 11 (iii) and 24(iv) of the Buyback Regulations, the following are the details of the Equity Shares bought back by the Company and extinguished: A. Equity Shares in dematerialised form: Name of the DP Name & Client ID Date of No. of Equity Depository DPID no. Extinguishment Shares Extinguished Central Dalal & Broacha 12011700 September 15 8,68,100 Depository Stock Broking 00221827 2026 Services (India) Pvt Ltd Limited (”CDSL”) B. Equity Shares in physical form: Registered Certificate Distinctive No. of Date of No. of Equity Folio No. No. Equity Shares Extinguishment Shares Extinguished C. Total number of Equity Shares extinguished / destroyed (A+B): 8,68,100 Gandhi Special Tubes Limited CIN: L27104MH1985PLC036004 Registered address: 201-204,Plaza, 2nd Floor, 55 Hughes Road, Mumbai -400 007 Tel: +91 2223634179/23634183 info@gandhitubes.com; complianceofficer@gandhitubes.com www.gandhispecialtubes.com The terms used but not defined in this letter shall have same meaning as assigned in the Public Announcement and the Letter of Offer. It is certified that the above Equity Shares of Gandhi Special Tubes Limited were extinguished in compliance with, and according to the provisions of Regulation 11 of Buyback Regulations, and Securities and Exchange Board of India (Depository and Participants) Regulations 1996 and the by-laws framed thereunder. For Gandhi Special Tubes Limited For Gandhi Special Tubes Limited MANHAR Digitally signed by MANHAR Jayesh Digitally s igned by GORDHANDAS GORDHANDAS GANDHI Manharlal Jayesh Ma nharlal Gandhi Date: 2026.09.17 15:58:05 Date: 2026.09.17 GANDHI +05'30' Gandhi 15:59:03 +05'30' Manhar G. Gandhi Jayesh M. Gandhi Managing Director Director DIN: 00041190 DIN: 00041330 For KFin Technologies Limited For DHOLAKIA & ASSOCIATES LLP. (Registrar to the Buyback) (Company Secretaries) Peer Review Certificate No: 2404/2022 MURALI Digitally signed by Nrupang Digitally signed by MURALI KRISHNA Nrupang Bhumitra KRISHNA MALAPAKA Bhumitra Dholakia Dholakia Date: 2026.09.17 16:49:42 MALAPAKADate: 2026.09.17 +05'30' 16:19:20 +05'30' CS Nrupang B. Dholakia Name: M Murali Krishna Managing Partner Designation: Senior Vice President FCS-10032 CP No. 12884 UDIN -F010032H001520519 Mumbai September 17, 2026 Enclosed: 1. Confirmation from CSDL Ref: CDSL/OPS/IPO-CA/2026-27/CA-781460.001 dated September 16, 2026 for extinguishment of Equity Shares in dematerialised form. CDSL/OPS/IPO-CA/2026-27/CA-781460.001 September 16, 2026 The Company Secretary, Gandhi Special Tubes Limited 201-204 Plaza, 2nd Floor 55 Hughes Road Next To Dharam Palace Mumbai, Mahahrashtra India - 4000 [Showing first 8,000 characters — download PDF for full document]