Gandhar Coal & Mines boosts stake in Gandhar Oil Refinery

Gandhar Coal & Mines Private Limited has acquired 20,000 equity shares of Gandhar Oil Refinery (India) Ltd through an open market transaction on December 8, 2025. The shares were purchased at INR 122.95 each. This acquisition has resulted in an increase in Gandhar Coal & Mines' stake from 0.26% to 0.28% of the total share and voting capital of Gandhar Oil Refinery (India) Ltd.

Prior to this acquisition, Gandhar Coal & Mines held 253,306 shares, representing 0.26% of the company's total voting capital. Following the purchase, the total holding increased to 273,306 shares, amounting to 0.28% of the total voting capital. The total equity share capital of Gandhar Oil Refinery (India) Ltd remains INR 19,57,59,060, consisting of 9,78,79,530 equity shares with a face value of INR 10 each.

The disclosure was made in compliance with Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Saurabh Ramesh Parekh, whole time director, signed the disclosure on behalf of Gandhar Coal & Mines Private Limited.