Gandhar Oil Refinery disclosed on July 24, 2026, that its manufacturing plant in Silvassa, Dadra & Nagar Haveli, has been affected by flood-like conditions due to unprecedented heavy rainfall. Management is currently evaluating the extent of damage to assets and operations, while appropriate measures are being taken to restore normal functioning at the earliest possible time. This disruption poses immediate uncertainty for production schedules at the facility, though the company maintains that adequate insurance coverage is in place to mitigate potential financial losses.

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with the SEBI circular bearing reference number HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. This regulation mandates listed entities to inform stock exchanges of any disruption in operations caused by natural calamities such as floods.

Operational Impact and Assessment

The flooding occurred after Silvassa received extremely heavy rainfall over a 48-hour period, causing severe waterlogging across several parts of the area. The specific facility affected is Unit No. 2, located at Plot No. 2, Survey No. 678/1/3, Village Naroli, Silvassa (D & N H)- 396230, U.T., Gujarat. The Company will continue to keep the stock exchanges informed of any material developments in accordance with the SEBI (LODR) Regulations, 2015.

The following table summarises the key details of the incident:

Insurance Coverage

The Company confirmed that it has adequate insurance coverage for the incident, and the event has been formally intimated to the insurance company. While the financial quantum of loss or damage has not yet been quantified, the existence of insurance coverage indicates that potential financial impacts may be mitigated subject to policy terms.

Regulatory Compliance

The intimation was signed by Binal Khosla, Company Secretary & Compliance Officer (Mem. No.: A29802), and submitted to both the Bombay Stock Exchange and the National Stock Exchange of India Limited. The filing ensures transparency regarding the force majeure event affecting one of the Company's key manufacturing units.

Gandhar Oil Refinery (India) Ltd has initiated a postal ballot process to seek shareholder approval for the appointment and re-appointment of key directors. The resolutions include the appointment of Mr. Jatin Dhamani as Whole Time Director for five years from May 26, 2026, and Mr. Santokhsingh Karamsingh Sandhu as Non-Executive Independent Director for a five-year term commencing May 26, 2026. Additionally, the company seeks approval for the re-appointment of Mr. Samir Ramesh Parekh as Vice Chairman cum Joint Managing Director and Mr. Aslesh Rameshkumar Parekh as Joint Managing Director, both for five years starting October 1, 2026.

The company has fixed Friday, July 10, 2026, as the cut-off date to determine shareholder eligibility for voting. The electronic copy of the postal ballot notice was dispatched on Thursday, July 16, 2026. In compliance with Ministry of Corporate Affairs (MCA) circulars, members can vote only through the remote e-voting process, and the dispatch of physical notices has been dispensed with.

E-Voting Schedule and Process

The remote e-voting period commences on Sunday, July 19, 2026, at 09:00 a.m. IST and concludes on Monday, August 17, 2026, at 05:00 p.m. IST. Shareholders whose names appear in the Register of Members or the Register of Beneficial Owners as on the cut-off date are entitled to vote. Once a vote is cast, it cannot be changed or cast again.

MUFG Intime India Private Limited has been engaged to facilitate the e-voting process. The Board has appointed CS Sandhya R. Malhotra, Partner at M/s. Manish Ghia & Associates, Company Secretaries, as the scrutinizer to ensure the process is conducted fairly and transparently.

Key Dates and Appointments

The results of the postal ballot will be announced within two working days from the conclusion of e-voting and will be displayed on the company's website and the stock exchanges. The filing was submitted to BSE Limited and the National Stock Exchange of India under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.