Gandhar Oil Refinery buys 32.90 gunthas land parcel for ₹2.09 crore
- Gandhar Oil Refinery purchased a 32.90 guntha land parcel for ₹2.09 crore
- The property is located in Village Kherane Khurd, Raigad district, Maharashtra
- Sellers include four individuals from the Patil family
- Transaction is not classified as a related-party deal
- Agreement was executed on September 4, 2026
*this image is generated using AI for illustrative purposes only.
Gandhar Oil Refinery (India) Ltd has completed a partial transaction for the purchase of a land parcel measuring 32.90 gunthas for ₹2.09 crore. The agreement was executed on September 4, 2026.
The transaction pertains to immovable property located in Village Kherane Khurd, Taluka Panvel, District Raigad. The land bears Survey No. 147 and covers an area of approximately 3,328.54 square metres.
Transaction Details
The company entered into the purchase agreement with Mr. Shanivar Gotiram Patil, Phoshinath Gotiram Patil, Pranit Gotiram Patil, and Akshay Madhukar Patil. This disclosure follows previous intimations dated May 26, 2026, and August 13, 2026.
| Parameter | Details |
|---|---|
| Land Size | 32.90 gunthas (approx. 3,328.54 sq. mtrs) |
| Consideration | ₹2,09,55,000 |
| Location | Survey No. 147, Village Kherane Khurd, Raigad |
| Counterparties | Patil family members |
| Related Party | No |
Regulatory Compliance
The disclosure is made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Schedule III. The company confirmed that none of the sellers belong to the promoter group or group companies. Consequently, the transaction does not fall within the ambit of related-party transactions.
No shares were issued for this transaction, and no special rights such as director appointments or subscription rights were granted. The deal represents a straightforward acquisition of land assets without any equity component or loan arrangements.
Historical Stock Returns for Gandhar Oil Refinery
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +2.99% | +2.95% | +12.81% | +114.86% | +87.14% | 0.0% |
What is Gandhar Oil Refinery's strategic plan for the newly acquired land in Raigad, and how does it align with their long-term expansion goals?
How does the purchase price of ₹2.09 crore compare to current market rates for industrial land in the Panvel-Taluka region?
Will this acquisition require significant additional capital expenditure for infrastructure development or regulatory clearances?
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