Gandhar Oil Refinery SVP Manufacturing Resigns Effective May 11, 2026

Gandhar Oil Refinery (India) Ltd has issued a revised disclosure to the stock exchanges correcting the effective date of resignation of Mr. Sanjay Bharadwaj from his position as Senior Vice President – Manufacturing, Operations Department at the company's Silvassa Plant. The company clarified that the date mentioned in the earlier disclosure filed on May 11, 2026 was inadvertently stated as May 05, 2026, and the correct effective date of resignation is May 11, 2026. The revised disclosure was filed in compliance with Regulation 30 read with Schedule III, Part A, Para A (7) of the SEBI Listing Regulations, along with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30th January, 2026.

Resignation Details

The company received the resignation letter dated May 11, 2026 from Mr. Sanjay Bharadwaj, citing personal reasons for his departure. The following details have been provided as required under the applicable SEBI Listing Regulations:

Parameter:	Details
Name:	Mr. Sanjay Bharadwaj
Designation:	Senior Vice President, Manufacturing, Operations Department
Location:	Silvassa Plant
Nature of Change:	Resignation
Reason for Resignation:	Personal reasons
Effective Date:	Closing hours of May 11, 2026
Term of Appointment:	Not Applicable
Brief Profile (Appointment):	Not Applicable

Regulatory Compliance

The revised resignation disclosure has been made in compliance with the applicable SEBI Listing Regulations. The disclosure was signed by Binal Khosla, Compliance Officer and Company Secretary (Membership No.: A 29802), on behalf of Gandhar Oil Refinery (India) Ltd. The company has also made the disclosure available on its official website at https://gandharoil.com/ .

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+5.59%	+4.56%	+11.85%	+9.19%	+1.26%	-47.46%

Gandhar Oil Refinery (India) Ltd. has informed the stock exchanges of the resignation of Mrs. Deena Mehta (DIN: 00168992) from her position as Non-Executive Independent Director, effective May 12, 2026. The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Part A of Para A of Schedule III of the said Regulations. Mrs. Mehta confirmed in her resignation letter email dated May 12, 2026, that there are no material reasons for her resignation other than those stated therein.

Reason for Resignation

Mrs. Deena Mehta cited pre-occupation with her other business activities as the reason for stepping down from the Board of Gandhar Oil Refinery (India) Ltd. She confirmed that there is no other material reason for her resignation beyond what has been communicated. The company has acknowledged and accepted her resignation with immediate effect.

Key Details of the Cessation

The following table summarises the key details of Mrs. Deena Mehta's resignation as required under Regulation 30 of the SEBI Listing Regulations:

Parameter:	Details
Name:	Mrs. Deena Mehta
DIN:	00168992
Designation:	Non-Executive Independent Director
Reason:	Pre-occupation with other business activities
Date of Cessation:	May 12, 2026
Material Reason (other than stated):	None confirmed

As a consequence of her resignation, Mrs. Mehta also ceases to be a member of the following board-level committees at Gandhar Oil Refinery (India) Ltd.:

Audit Committee
Nomination and Remuneration Committee
Risk Management Committee

Directorships and Committee Memberships in Other Listed Entities

As disclosed under the applicable SEBI regulations, Mrs. Deena Mehta holds directorships and committee memberships in other listed entities, details of which are as follows:

Listed Entity:	Category of Directorship	Committee Memberships
Asit C. Mehta Financial Services Limited	Non-Executive – Non Independent Director	Chairperson, Stakeholder Relationship Committee; Member, Nomination and Remuneration Committee
Fino Payments Bank Limited	Non-Executive – Independent Director	Chairperson, Audit Committee; Member, Nomination & Remuneration Committee; Member, Risk and Asset Liability Management Committee
Anand Rathi Wealth Limited	Non-Executive – Independent Director	Member, Audit Committee; Member, Risk Management Committee; Chairperson, Nomination & Remuneration Committee; Chairperson, Stakeholder Relationship Committee

Regulatory Compliance

The resignation has been disclosed in accordance with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The letter of resignation along with detailed reasons has been enclosed as Annexure II to the regulatory filing. The disclosure has also been made available on the company's investor relations website. The filing was signed by Binal Khosla, Compliance Officer and Company Secretary (Mem. No.: A 29802), on behalf of Gandhar Oil Refinery (India) Ltd.