Gandhar Oil Refinery (India) Limited has scheduled a board meeting for January 23, 2026, to review its third-quarter financial performance and consider dividend distribution to shareholders. The company made this announcement through a regulatory filing dated January 16, 2026, addressed to both BSE Limited and the National Stock Exchange of India Limited.

Board Meeting Agenda

The board meeting will address three key items as outlined in the company's communication to stock exchanges:

Trading Window Restrictions

In compliance with SEBI regulations, Gandhar Oil Refinery has implemented trading restrictions for insiders. The trading window for dealing in the company's securities, which closed on January 1, 2026, will continue to remain closed for all connected and designated persons along with their immediate relatives. This restriction will be lifted 48 hours after the announcement of the board meeting outcome.

The company has adhered to the SEBI (Prohibition of Insider Trading) Regulations, 2015, and its internal Code of Fair Disclosure and Code of Conduct for Prevention of Insider Trading in implementing these measures.

Regulatory Compliance

The meeting notification has been made pursuant to Regulation 29(1) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Additionally, the company has uploaded the intimation on its official website at www.gandharoil.com as required under Regulation 46(2) of the SEBI listing regulations.

The communication was signed by Binal Khosla, Company Secretary and Compliance Officer, who holds membership number A29802. The company's registered office is located at 18th Floor, DLH Park, S.V.Road, Near MTNL, Goregaon West, Mumbai 400062.

Gandhar Oil Refinery (India) Ltd has received a disclosure from its promoter group entity regarding a substantial acquisition of shares under SEBI regulations. The acquisition demonstrates continued confidence from the promoter group in the company's prospects.

Latest Share Acquisition Details

Gandhar Coal & Mines Private Limited, identified as a promoter group entity, acquired 53,816 equity shares of Gandhar Oil Refinery through open market purchase on December 30, 2025. The transaction represents 0.06% of the company's total voting capital.

Shareholding Pattern Changes

The acquisition has resulted in a significant increase in the promoter group's shareholding in Gandhar Oil Refinery. The changes in shareholding pattern are detailed below:

Company Capital Structure

Gandhar Oil Refinery's equity share capital remains unchanged following this transaction. The company's capital structure details are:

Regulatory Compliance

The disclosure was made under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The company is listed on both BSE Limited and National Stock Exchange of India Limited. The promoter group entity holds no encumbered shares, voting rights other than through shares, or convertible securities in the target company.

Transaction Summary

This open market acquisition by the promoter group entity reflects a strategic increase in shareholding. The transaction was completed without any encumbrances or special arrangements, maintaining transparency in the acquisition process. The disclosure ensures compliance with regulatory requirements for substantial acquisitions by promoter group entities.