Gandhar Oil Refinery (India) Ltd announced that its management representatives will participate in a virtual analyst and investor conference call on September 28, 2026. The session is scheduled to begin at 1:00 pm IST.

The interaction is part of the Arihant Capital Bharat Connect Conference. The company confirmed that no unpublished price sensitive information (UPSI) is intended to be discussed during the interactions.

Meeting Details

Disclosure Compliance

The intimation was filed pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Discussions will be restricted to information already available on the stock exchanges and the company's website. The company noted that the schedule may undergo changes due to exigencies on the part of investors or the company.

Gandhar Oil Refinery (India) Limited announced the consolidated voting results for its 34th Annual General Meeting held on September 11, 2026. All six resolutions on the agenda were duly passed by members with the requisite majority.

The meeting was conducted via Video Conferencing and Other Audio Visual Means in compliance with Ministry of Corporate Affairs and SEBI regulations. CS Sandhya R. Malhotra of M/s. Manish Ghia & Associates served as the scrutinizer for the remote e-voting process.

Voting Participation

A total of 59,092,169 votes were polled out of 97,879,530 shares held by shareholders on the record date of September 4, 2026, representing a participation rate of 60.37%. The promoter group held 65,185,838 shares, while public institutions held 4,995,081 shares and non-institutional public shareholders held 27,698,611 shares.

Key Resolutions Approved

Shareholders voted on several ordinary and special business items during the session. The agenda included standard corporate governance approvals and strategic appointments.

Shyam Chandrabhan Agrawal was appointed as an independent director for a five-year term effective from July 22, 2026 to July 21, 2031.

Resolution-wise Voting Breakdown

The promoter group voted unanimously (100%) in favour of all resolutions. Dissent was primarily observed among public institutional shareholders on specific items.

Financial Statements and Governance

The adoption of standalone and consolidated financial statements for FY26 received near-unanimous support. For the standalone financials, 99.99% of votes polled were in favour, with only 1,432 votes against. Similarly, the consolidated financials saw 99.99% approval, with 1,352 votes against.

The re-appointment of Chairman and Managing Director Ramesh Babulal Parekh was approved with 99.56% of votes in favour. Public institutions showed some dissent here, with 9.33% of their polled votes cast against the resolution. The ratification of cost auditor remuneration for FY27 passed with 99.99% support.

Board Appointments and MoA Alteration

The appointment of Shyam Chandrabhan Agrawal as an independent director passed with 99.99% of votes in favour.

The special resolution to alter the ancillary object clauses in the Memorandum of Association received 96.96% overall support. However, public institutional shareholders opposed this resolution significantly, with 65.52% of their votes cast against it. Despite this institutional dissent, the strong support from promoters and non-institutional public shareholders ensured the resolution's passage.

Meeting Proceedings

Ramesh Parekh provided a brief overview of the company's business highlights for FY26 and outlined future growth plans. Aslesh Parekh, Joint Managing Director, briefed members on the financial performance and future prospects of the company.

Indrajit Bhattacharyya, Chief Financial Officer, responded to queries raised by registered shareholders during the question-and-answer session. The meeting commenced at 11:00 am and concluded at 11:45 am, including a 15-minute window for e-voting.

Binal Khosla, Company Secretary and Compliance Officer, confirmed that the requisite quorum was present. She also informed members that the consolidated voting results would be available on the stock exchange websites within two working days.