Ramesh Babulal Parekh, a promoter of Gandhar Oil Refinery (India) Limited , increased his shareholding by acquiring 50,000 equity shares through the open market on June 16, 2026. This purchase raised his total stake in the company to 28.74%, reinforcing confidence from the promoter group.

The disclosure was submitted to the stock exchanges under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Prior to this transaction, Parekh held 2,80,89,627 shares, which accounted for 28.69% of the total share capital.

Acquisition Details

The acquisition was executed entirely through the open market mechanism. Following the purchase, the promoter's holding in Gandhar Oil Refinery (India) Limited rose to 2,81,39,627 shares. 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.

Shareholding Pattern

The table below outlines the changes in Ramesh Babulal Parekh's shareholding before and after the acquisition:

The shares of Gandhar Oil Refinery (India) Limited are listed on BSE Limited and the National Stock Exchange of India Limited. The company confirmed that the total diluted share voting capital remains ₹19,57,59,060.

Gandhar Oil Refinery (India) Ltd promoter Aslesh Ramesh Parekh has confirmed that there are no encumbrances, directly or indirectly, on the shares held by the promoter group during the financial year 2025-26. This declaration was submitted to the BSE Limited and National Stock Exchange of India Limited on April 03, 2026, pursuant to Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011. The confirmation covers all promoters, the promoter group, and persons acting in concert (PAC) associated with the company.

The disclosure was addressed to the Listing Compliance departments of both exchanges and the Audit Committee of Gandhar Oil Refinery (India) Limited. The promoter stated that the confirmation is made on behalf of all other promoters and the promoter group as detailed in the annexure to the letter.

The annexure lists the names of the individuals and entities comprising the promoter and promoter group. The list includes Ramesh Babulal Parekh, Aslesh Rameshkumar Parekh, and Samir Ramesh Parekh, among others, holding shares jointly with family members. It also includes private trusts such as RP Family Private Trust, KP Family Private Trust, and GP Family Private Trust, as well as Gandhar Coals and Mines Private Limited.

Promoter and Promoter Group Details