Gandhar Oil promoters confirm no encumbrances on shares for FY 2025-26

Gandhar Oil Refinery (India) Limited promoters have confirmed that there are no encumbrances, directly or indirectly, on their shares during the financial year 2025-26. The declaration was submitted to the BSE and NSE on April 03, 2026, by Aslesh Ramesh Parekh on behalf of all promoters, the promoter group, and persons acting in concert (PAC). This disclosure is crucial for shareholders as it assures that the promoter holdings are free from charges, which is vital for maintaining the integrity of the company's shareholding structure.

The intimation was made pursuant to Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011. The letter addressed the Listing Compliance departments of both BSE Limited and the National Stock Exchange of India Limited, referencing the scrip code 544029 and symbol GANDHAR. The document was also submitted to the Audit Committee of Gandhar Oil Refinery (India) Limited for their records.

The declaration encompasses a comprehensive list of individuals and entities classified as promoters and the promoter group. The list includes key individuals such as Ramesh Babulal Parekh, Aslesh Rameshkumar Parekh, and Samir Ramesh Parekh, among others, holding shares jointly with family members. It also includes family 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

The following table outlines the entities covered under the declaration:

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

The confirmation was signed by Aslesh Ramesh Parekh, Promoter, on April 03, 2026. The company has requested the exchanges to place the information on record.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+2.97%	-0.62%	+16.67%	+26.64%	-11.47%	-46.30%

Gandhar Oil Refinery India Limited has released the transcript of its earnings call for the quarter and financial year ended March 31, 2026 (Q4 & FY26). The company reported a consolidated revenue of INR4,241 crores for FY26, representing a growth of 10% over the previous year, driven by stable volumes and steady demand across key markets. For Q4 FY26, revenue stood at INR1,093 crores, reflecting a 14% year-on-year increase. The transcript was submitted to the exchanges pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Profit after tax for FY26 stood at INR137 crores, a significant improvement compared to the previous year. EBITDA for the full year was INR234 crores, while Q4 FY26 EBITDA stood at INR64 crores. The company noted that its cash flow from operations improved to INR127.77 crores as of March 31, 2026, compared to INR14.71 crores in the previous year, attributed to stronger operating efficiency and working capital management. Key return metrics also improved, with ROE at 10.21% and ROCE at 13.5% for FY26.

Financial Performance

Metric	Q4 FY26	FY26
Consolidated Revenue	INR1,093 crores	INR4,241 crores
EBITDA	INR64 crores	INR234 crores
Profit After Tax	INR37 crores	INR137 crores
EBITDA Margin	5.81%	5.53%

The international business contributed approximately 42.8% of consolidated revenues. The company’s manufacturing volumes for FY26 stood at 5,54,212 kL, an 8% year-on-year growth. Management highlighted that the global white oil market is expected to grow at a CAGR of 5.5%, supported by increasing regulatory requirements and rising healthcare awareness.

Operational Highlights

The company addressed concerns regarding geopolitical tensions, specifically the impact on the Strait of Hormuz. Management stated that while supply chain tightness and elevated shipping costs persisted, they had mitigated risks by diversifying raw material sourcing away from the Middle East and increasing procurement from domestic and Korean suppliers. The Texol plant in Sharjah faced temporary disruptions due to port closures but has since normalized operations with a shift to domestic sourcing in the region.

Gandhar Oil Refinery India Limited’s Board and management focused on maintaining healthy EBITDA margins through cost optimization and efficient sourcing. The company remains debt-free on a standalone basis and holds reserves and surplus of approximately INR1,200 crores. Future growth strategies include expanding the PHPO segment and increasing the global footprint, with recent approvals for investments in South Africa. Binal Khosla, Company Secretary & Compliance Officer, signed the disclosure on June 02, 2026.