Gandhar Oil Refinery (India) Ltd has received a favourable customs refund order sanctioning a claim of Rs. 22,92,06,499/-, pursuant to an appeal filed by the company before the Office of the Assistant Commissioner of Customs (Appeals), Mumbai Customs Zone – I. The disclosure was made under Regulation 30 read with Clause 20 of Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Favourable Customs Refund Order

The Assistant Commissioner of Customs (Appeals), Mumbai Zone – I, issued order no. MUM-CUS-SM-IMP 40,41/2026-27 NCH, sanctioning the refund claim of Rs. 22,92,06,499/- against two refund claims filed by the company. The refund claims relate to the periods 2018-19 and 2019-20. The authority found the refund claim admissible and sanctioned the same accordingly.

The key details of the order, as disclosed under Schedule III of the Listing Regulations, are summarised below:

Financial Impact

Gandhar Oil Refinery has stated that the order in favour of the company shall augment its working capital. The disclosure was filed with both BSE Limited and the National Stock Exchange of India Limited on 7th May 2026, in compliance with the applicable SEBI listing regulations and the SEBI Master Circular no. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30th January 2026.

The filing was signed by Binal Khosla, Compliance Officer and Company Secretary (Membership No. A29802), on behalf of Gandhar Oil Refinery (India) Ltd.

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:

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.