Gandhar Oil promoter confirms no encumbrances in FY26
Gandhar Oil Refinery (India) Ltd promoter Aslesh Ramesh Parekh declared no encumbrances on shares during FY 2025-26 under SEBI regulations. The disclosure, dated April 03, 2026, was sent to BSE and NSE. It covers all promoters, the promoter group, and persons acting in concert.
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Gandhar Oil Refinery (India) Ltd promoter Aslesh Ramesh Parekh has confirmed that there are no encumbrances, directly or indirectly, on the shares held by the promoter group during the financial year 2025-26. This declaration was submitted to the BSE Limited and National Stock Exchange of India Limited on April 03, 2026, pursuant to Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011. The confirmation covers all promoters, the promoter group, and persons acting in concert (PAC) associated with the company.
The disclosure was addressed to the Listing Compliance departments of both exchanges and the Audit Committee of Gandhar Oil Refinery (India) Limited. The promoter stated that the confirmation is made on behalf of all other promoters and the promoter group as detailed in the annexure to the letter.
The annexure lists the names of the individuals and entities comprising the promoter and promoter group. The list includes Ramesh Babulal Parekh, Aslesh Rameshkumar Parekh, and Samir Ramesh Parekh, among others, holding shares jointly with family members. It also includes private trusts such as RP Family Private Trust, KP Family Private Trust, and GP Family Private Trust, as well as Gandhar Coals and Mines Private Limited.
Promoter and Promoter Group Details
| Sr no. | Name |
|---|---|
| Promoter | |
| 1. | Ramesh Babulal Parekh |
| 2. | Ramesh Babulal Parekh Jointly With Sunita Rameshkumar Parekh |
| 3. | Aslesh Rameshkumar Parekh Jointly With Dimple Aslesh Parekh |
| 4. | Samir Ramesh Parekh Jointly With Sharmishtha Samir Parekh |
| Promoter Group | |
| 5. | Sunita Rameshkumar Parekh Jointly With Ramesh Babulal Parekh |
| 6. | Saurabh Ramesh Parekh Jointly With Nishita Saurabh Parekh |
| 7. | Sharmishtha Samir Parekh Jointly With Samir Ramesh Parekh |
| 8. | Dimple Aslesh Parekh Jointly With Aslesh Rameshkumar Parekh |
| 9. | Nishita Saurabh Parekh Jointly With Saurabh Ramesh Parekh |
| 10. | Divya Binit Shah Jointly With Sunita Ramesh Parekh |
| 11. | Divya Binit Shah Jointly With Ramesh Babulal Parekh |
| 12. | Gulab Jitendra Parekh Jointly With Rajiv Jitendra Parekh |
| 13. | Rajiv Jitendra Parekh Jointly With Alka Rajiv Parekh |
| 14. | Alka Rajivkumar Parekh Jointly With Rajiv Jitendra Parekh |
| 15. | Kailash Babulal Parekh Jointly With Padmini Kailash Parekh |
| 16. | Kunal Kailash Parekh Jointly With Payal Kunal Parekh |
| 17. | Padmini Kailash Parekh Jointly With Kailash Babulal Parekh |
| 18. | Pooja Nishant Shah Jointly With Kailash Babulal Parekh |
| 19. | Pooja Nishant Shah Jointly With Padmini Kailash Parekh |
| 20. | RP Family Private Trust acting through Samir Ramesh Parekh |
| 21. | KP Family Private Trust acting through Kailash Babulal Parekh |
| 22. | GP Family Private Trust acting through Gulab Jitendra Parekh |
| 23. | Gandhar Coals and Mines Private Limited |
Historical Stock Returns for Gandhar Oil Refinery
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.08% | +3.87% | +18.29% | +20.81% | +5.53% | -38.16% |
Does the clean encumbrance status indicate potential plans by the promoter group to raise capital through pledging shares in the near future?
How might this declaration influence investor confidence and stock volatility in the upcoming financial quarter?
Could the absence of encumbrances signal a strategic shift towards acquisitions or expansion for Gandhar Oil Refinery?
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