Gandhar Coal Mines Private Limited has acquired an additional stake in Gandhar Oil Refinery (India) Limited through open market purchases, as disclosed in a regulatory filing dated December 10, 2025. The transaction represents a strategic investment move in the refinery sector.

Transaction Details

The acquisition involved the purchase of 20,000 equity shares at ₹122.95 per share on December 8, 2025. The following table summarizes the key transaction parameters:

Shareholding Changes

The acquisition resulted in a marginal increase in Gandhar Coal Mines' shareholding in Gandhar Oil Refinery. The shareholding pattern before and after the transaction shows the following changes:

Company Capital Structure

Gandhar Oil Refinery (India) Limited maintains a stable equity capital structure throughout this transaction period. The company's capital composition includes:

• Total Equity Share Capital: ₹19,57,59,060
• Number of Equity Shares: 9,78,79,530 shares
• Face Value per Share: ₹2.00 each, fully paid
• Total Diluted Share Capital: Remains unchanged at ₹19,57,59,060

Regulatory Compliance

The disclosure was made pursuant to Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Saurabh Ramesh Parekh, Whole Time Director of Gandhar Coal Mines Private Limited, signed the compliance document from Mumbai. The filing confirms that the transaction does not involve any persons acting in concert and represents a straightforward equity acquisition through established market mechanisms.

This acquisition reflects continued investment interest in the refinery sector, with Gandhar Coal Mines maintaining its position as a minority shareholder in Gandhar Oil Refinery (India) Limited.

Gandhar Oil Refinery (India) Ltd has announced changes in its Key Managerial Personnel (KMPs) authorized for determining the materiality of events and making disclosures to stock exchanges. This move, approved by the company's Board of Directors, aims to enhance regulatory compliance and transparency in communication with investors.

Key Changes

The Board of Directors, in a meeting held on December 8, 2025, approved the following changes:

These KMPs are now authorized under Regulation 30(5) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, for:

1. Determining the materiality of an event or information
2. Making disclosures to stock exchanges

Regulatory Context

This change aligns with Regulation 30 of the SEBI (LODR) Regulations, 2015, which mandates listed entities to disclose material events or information to stock exchanges. The designation of specific KMPs for this purpose ensures streamlined and accountable communication with the markets.

Contact Information

For investor queries and regulatory disclosures, the authorized KMPs can be reached at:

Transparency Measures

In line with its commitment to transparency, Gandhar Oil Refinery has stated that this information will be available on the company's official website at https://gandharoil.com .

The appointment of these authorized personnel underscores Gandhar Oil Refinery's dedication to maintaining open and compliant communication channels with its stakeholders and regulatory bodies. This move is expected to facilitate more efficient and accurate dissemination of material information to the market.