Gandhar Oil Refinery has witnessed continued investment from its promoter group entity, Gandhar Coal & Mines Private Limited, which acquired an additional 51,842 equity shares on December 23, 2025, through open market transactions. This latest acquisition brings the company's total shareholding to 12,33,295 shares, representing 1.25% of the refinery's equity capital.

Latest Transaction Details

The regulatory filing dated December 26, 2025, discloses the most recent share purchase under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The disclosure was filed by Saurabh Ramesh Parekh, Whole Time Director of Gandhar Coal & Mines Private Limited, from Mumbai.

Shareholding Position Analysis

Following the December 23 transaction, Gandhar Coal & Mines Private Limited has crossed the 1.25% shareholding threshold in the refinery. The acquisition represents a 0.05% increase in shareholding percentage, demonstrating continued investment interest from the promoter group entity.

Company Capital Structure

Gandhar Oil Refinery's equity capital structure remains unchanged throughout this transaction, maintaining its established share capital base:

Regulatory Compliance and Disclosure

The transaction complies with SEBI regulations for substantial acquisition disclosures. Gandhar Coal & Mines Private Limited belongs to the Promoter Group category, and the filing confirms that no persons are acting in concert for these transactions. The shares are listed on both BSE Limited and National Stock Exchange of India Limited.

The acquisition demonstrates the promoter group's continued confidence in the company's prospects, with all transactions conducted through open market purchases in full compliance with regulatory requirements.

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.