Gandhar Oil Refinery Acquires 18,353 Sq. Mtrs. of Land in Silvassa for Rs. 22,77,65,500/-
Gandhar Oil Refinery (India) Ltd has completed the acquisition of a 18,353 sq. mtrs. land parcel at New Survey No. 1322, Village-Naroli, Silvassa for Rs. 22,77,65,500/- from Narmada Creations. The transaction, disclosed on May 06, 2026 under Regulation 30 of SEBI Listing Regulations, involves no related party and no share issuance, with the land adjoining the company's existing Silvassa factory.
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Gandhar Oil Refinery (India) Ltd has completed the purchase of a land parcel adjoining its existing factory location at Silvassa, as disclosed to the stock exchanges on May 06, 2026. The acquisition was made pursuant to Regulation 30 read with Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, and follows the company's earlier intimation dated 23rd January, 2026.
Land Acquisition Details
The acquired land is situated at New Survey No. 1322 (Old Survey No. 320/1) of Village-Naroli, Taluka: Naroli, Patelad District: Silvassa, in the Union Territory of Dadra and Nagar Haveli and Daman and Diu. The parcel admeasures 01 Hector 83.53 Are, equivalent to approximately 18,353 sq. mtrs., and is directly adjoining Gandhar Oil Refinery's present factory location at Silvassa.
The following table summarises the key details of the transaction as disclosed under Annexure I of the regulatory filing:
| Parameter: | Details |
|---|---|
| Seller: | Narmada Creations |
| Purpose: | Purchase of land |
| Plot Size: | Approx. 453.55 decimals |
| Land Area: | 01 Hector 83.53 Are (18,353 sq. mtrs.) |
| Survey Number: | New Survey No. 1322 (Old Survey No. 320/1) |
| Location: | Village-Naroli, Taluka: Naroli, Patelad District: Silvassa, UT of Dadra and Nagar Haveli and Daman and Diu |
| Consideration: | Rs. 22,77,65,500/- |
| Related Party Transaction: | No |
| Promoter/Group Affiliation of Seller: | None |
Regulatory and Transaction Compliance
The transaction has been disclosed in compliance with the SEBI Master Circular no. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30th January, 2026. The company has confirmed that none of the sellers belong to the promoter, promoter group, or group companies, and the transaction does not fall within the ambit of related party transactions. No shares were issued as consideration for the transaction, and no loan agreements are associated with this acquisition.
Key compliance confirmations include:
- Seller affiliation: None of the sellers are related to the promoter or promoter group
- Related party transaction: Not applicable
- Share issuance: No shares issued in connection with this transaction
- Loan agreements: Not applicable
- Shareholding in seller entity: Nil
The disclosure was signed by Binal Khosla, Company Secretary and Compliance Officer of Gandhar Oil Refinery (India) Ltd, on May 06, 2026.
Historical Stock Returns for Gandhar Oil Refinery
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +5.09% | -1.97% | +10.40% | +3.41% | -1.46% | -50.24% |
How does Gandhar Oil Refinery plan to utilize the newly acquired 18,353 sq. mtr. land parcel at Silvassa, and will it be used for capacity expansion or diversification into new product lines?
Could this land acquisition signal a broader capital expenditure cycle for Gandhar Oil Refinery, and what is the company's projected timeline for commencing construction or operations on the new plot?
How might the expansion of Gandhar Oil Refinery's Silvassa facility impact its production capacity, revenue outlook, and competitive positioning within India's specialty oils and white oils market?
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