Gandhar Oil promoter Parekh buys 31,000 shares in open market
- Promoter Ramesh Babulal Parekh bought 31,000 Gandhar Oil Refinery shares
- Purchase made via open market on September 8, 2026
- Parekh's stake increased from 28.76% to 28.79%
- Total equity capital remains unchanged at ₹19,57,59,060
- No encumbrances or pledges on promoter holdings
*this image is generated using AI for illustrative purposes only.
Gandhar Oil Refinery promoter Ramesh Babulal Parekh acquired 31,000 equity shares through the open market on September 8, 2026. The transaction increased his holding to 28.79% of the total voting capital.
The acquisition was disclosed under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The company notified the BSE and NSE of the trade on September 9, 2026.
Transaction Details
Parekh, who serves as the Managing Director and promoter, purchased the shares directly from the open market. The deal added 0.03% to his stake relative to both total share capital and diluted share capital.
| Metric | Before Acquisition | Change | After Acquisition |
|---|---|---|---|
| Shares held | 2,81,58,627 | +31,000 | 2,81,89,627 |
| Stake % (Total Capital) | 28.76% | +0.03% | 28.79% |
| Stake % (Diluted Capital) | 28.76% | +0.03% | 28.79% |
Shareholding Structure
The company’s total equity share capital remains at ₹19,57,59,060, comprising 9,78,79,530 equity shares with a face value of ₹2 each. All shares are fully paid up.
Parekh holds no warrants, convertible securities, or other instruments entitling him to receive additional voting rights. There are no encumbrances, pledges, or liens on the shares held by the promoter.
What the Numbers Show
The acquisition represents a minor incremental increase in promoter confidence. With a stake of nearly 29%, Parekh maintains significant control over the company’s voting rights. The absence of any pledged shares indicates no immediate liquidity pressure on this portion of the promoter holding.
Historical Stock Returns for Gandhar Oil Refinery
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +2.56% | +2.52% | +12.34% | +113.96% | +86.35% | 0.0% |
Does this incremental buy signal a broader strategy by Ramesh Babulal Parekh to consolidate control ahead of any potential corporate actions or restructuring?
How might the absence of pledged shares influence Gandhar Oil Refinery's ability to secure additional debt financing for expansion or operational upgrades?
Will this increase in promoter holding stabilize the stock price volatility, or is it likely to attract further institutional interest in the near term?
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