Gandhar Oil Refinery (India) Ltd has completed the sale of its immovable property in Punjab, generating proceeds of Rs. 1,60,80,000 for the company. The transaction was finalized on 30th April, 2026, with the company informing stock exchanges about the completion on 2nd May, 2026. The disclosure was made in continuation of an earlier intimation dated 23rd January, 2026.

Transaction Details

The property sale involves land situated at Village Kailon, Tole Mojre Chappar Chiri Khurd, Chappar Chiri Kalan District Sahibzada Ajit Singh Nagar, Sector 116, Mohali, Punjab. The company executed the sale deed on 30th April, 2026, marking the completion of the transaction. The key details of the transaction are as follows:

Regulatory Compliance

The company has fulfilled its disclosure obligations under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The transaction details were provided in accordance with SEBI Master Circular no. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30th January, 2026. The company secretary and compliance officer, Binal Khosla, signed the regulatory filing, confirming the completion of all necessary documentation and compliance requirements for this property disposal.

Transaction Nature

Gandhar Oil Refinery clarified that the sale of this property does not constitute the disposal of an undertaking or substantially the whole of the undertaking of the company in terms of section 180(1)(a) of the Companies Act, 2013. The buyer, Mr. Tarundeep Singh, is an independent party with no connections to the company's promoter group or related entities, ensuring the transaction maintains arm's length character. Additionally, the transaction does not fall within the scope of a slump sale or any scheme of arrangement under Regulation 37A of the LODR Regulations.

Gandhar oil refinery (India) Limited has fulfilled its quarterly regulatory obligations by submitting the required compliance certificate to both BSE and NSE for the quarter ended March 31, 2026. The submission was made on April 04, 2026, in accordance with Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018.

Regulatory Compliance Certificate

The certificate was issued by MUFG Intime India Private Limited (formerly known as Link Intime India Private Limited), which serves as the company's Registrar & Share Transfer Agent. The document confirms that all securities received from depository participants for dematerialization during Q4 FY26 were properly processed and confirmed to the depositories within prescribed timelines.

Certificate Confirmation Details

The registrar confirmed several key compliance aspects in the certificate:

• Securities received for dematerialization were properly accepted or rejected
• All securities comprised in the certificates have been listed on stock exchanges where earlier issued securities are listed
• Security certificates received for dematerialization were mutilated and cancelled after due verification
• Depository names were substituted in the register of members as registered owners within prescribed timelines

Corporate Information

The filing was signed by Binal Khosla, Company Secretary and Compliance Officer (Mem. No.: A29802), on behalf of Gandhar Oil Refinery (India) Limited. The company maintains its registered office at 18th Floor, DLH Park, S.V. Road, Near MTNL, Goregaon West, Mumbai 400062.

Regulatory Significance

This quarterly certificate submission represents standard regulatory compliance under SEBI's depository regulations, ensuring transparency in the handling of dematerialized securities and maintaining proper shareholder records. The timely submission demonstrates the company's commitment to regulatory adherence and corporate governance standards.