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.

Share Acquisition Details

Gandhar Coal & Mines Private Limited, identified as a promoter group entity, acquired 50,000 equity shares of Gandhar Oil Refinery through open market purchase on December 26, 2025. The transaction represents 0.05% of the company's total voting capital.

Shareholding Pattern Changes

The acquisition has resulted in an 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.

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.