Gandhar Oil Refinery (India) promoter and Managing Director Ramesh Babulal Parekh acquired 19,000 equity shares on September 7, 2026. The open market purchase was disclosed under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Transaction details

The acquisition adds to Parekh’s existing holding, raising his total stake in the company. The transaction specifics are outlined below.

Shareholding pattern update

Prior to this transaction, Parekh held 2,81,39,627 shares, representing a 28.74% stake in the company’s total voting capital. Following the acquisition of 19,000 shares (0.02%), his total holding stands at 2,81,58,627 shares, or 28.76%.

The company’s total equity share capital remains unchanged at ₹19,57,59,060, consisting of 9,78,79,530 equity shares with a face value of ₹2 each. There were no encumbrances, pledges, or convertible securities involved in the transaction.

Promoter share acquisitions are disclosed as part of regulatory reporting requirements and reflect changes in insider shareholding patterns. Such transactions are required to be reported to the stock exchanges in accordance with applicable disclosure norms.

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.

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.