Gandhar Oil Refinery has announced two strategic property transactions that highlight the company's focus on optimizing its asset portfolio while expanding its operational capacity. The company has approved both the sale of existing property and the acquisition of new land for expansion purposes.

Property Divestment in Mohali

The company has received approval to sell its immovable property located in Mohali for over ₹16 million. This transaction represents a strategic divestment that will help the company optimize its asset base and generate additional liquidity.

Land Acquisition for Expansion

In a parallel development, Gandhar Oil Refinery has approved the purchase of a 453.55-decimal land parcel strategically located adjacent to its existing factory. This acquisition demonstrates the company's commitment to expanding its manufacturing capabilities and operational footprint.

Strategic Asset Management

These simultaneous transactions reflect a balanced approach to asset management, where the company is divesting non-core properties while investing in expansion-focused acquisitions. The sale of the Mohali property provides financial resources, while the land purchase adjacent to the factory positions the company for future growth and increased production capacity.

The strategic location of the new land parcel, being adjacent to the existing factory, offers operational synergies and cost efficiencies for the company's expansion plans. This approach demonstrates prudent capital allocation and long-term strategic planning by the management.

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.