Gandhar Coal & Mines Continues Share Acquisition in Gandhar Oil Refinery
Gandhar Coal & Mines Private Limited has made another strategic acquisition in Gandhar Oil Refinery (India) Ltd, purchasing 2,590 equity shares through open market operations on February 23, 2026. This follows a previous acquisition of 10,000 shares, bringing the total shareholding to 16,33,210 shares while maintaining a 1.67% stake in the oil refinery company.
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Gandhar Coal & Mines Private Limited has made another acquisition of equity shares in Gandhar Oil Refinery (India) Ltd, purchasing 2,590 shares through open market operations on February 23, 2026. This latest transaction follows a previous acquisition of 10,000 shares made on February 18, 2026, demonstrating continued investment by the promoter group in the oil refinery company.
Latest Transaction Details
The recent acquisition was disclosed through a regulatory filing dated February 25, 2026, in compliance with SEBI's Substantial Acquisition of Share and Takeover (SAST) Regulations. The transaction maintains the promoter group's strategic position in the target company.
| Parameter | Details |
|---|---|
| Shares Acquired | 2,590 equity shares |
| Transaction Date | February 23, 2026 |
| Mode of Acquisition | Open Market |
| Acquirer Status | Promoter Group |
| Filing Date | February 25, 2026 |
Updated Shareholding Pattern
Following the latest acquisition, Gandhar Coal & Mines' total shareholding in Gandhar Oil Refinery has increased to 16,33,210 shares. The updated shareholding pattern reflects the cumulative impact of recent share purchases.
| Shareholding Details | Before Latest Acquisition | After Latest Acquisition | Change |
|---|---|---|---|
| Number of Shares | 16,30,620 | 16,33,210 | +2,590 |
| Percentage Holding | 1.67% | 1.67% | 0.00% |
| Diluted Capital % | 1.67% | 1.67% | 0.00% |
Company Capital Structure
Gandhar Oil Refinery (India) Ltd maintains its equity share capital structure unchanged following both recent transactions. The company's shares continue to be listed on BSE Limited and National Stock Exchange of India Limited.
| Capital Structure | Details |
|---|---|
| Total Equity Capital | Rs. 19,57,59,060 |
| Number of Shares | 9,78,79,530 equity shares |
| Face Value | Rs. 2.00 per share |
| Share Status | Fully paid |
Regulatory Compliance
The disclosure was made by Saurabh Ramesh Parekh, Whole Time Director (DIN: 02907808) of Gandhar Coal & Mines Private Limited, pursuant to Regulation 29(2) of SEBI (Substantial Acquisition of Share and Takeover) Regulation, 2011. The formal communication was digitally signed and submitted to BSE Limited, National Stock Exchange of India Limited, and the target company on February 25, 2026.
These consecutive acquisitions demonstrate the promoter group's sustained confidence in Gandhar Oil Refinery's business prospects while maintaining full regulatory compliance through timely disclosures to relevant stock exchanges and stakeholders.
Historical Stock Returns for Gandhar Oil Refinery
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.15% | -4.72% | -12.68% | -11.76% | -6.05% | -57.50% |
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