Gandhar Coal & Mines boosts stake in Gandhar Oil Refinery

Gandhar Coal & Mines Private Limited has disclosed the acquisition of 1,062 equity shares in Gandhar Oil Refinery (India) Ltd on December 9, 2025. This transaction falls under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Prior to this acquisition, Gandhar Coal & Mines held 2,73,306 shares, representing 0.279% of the total share/voting capital. The latest purchase has raised their total holding to 2,74,368 shares, bringing their stake to 0.280% of the company's equity. The equity share capital before and after the acquisition remains at Rs. 19,57,59,060, consisting of 9,78,79,530 equity shares with a face value of Rs. 02/- each.

Saurabh Ramesh Parekh, whole time director of Gandhar Coal & Mines Private Limited, signed the disclosure. The company, which is listed on BSE Limited and National Stock Exchange of India Limited, confirmed that the total diluted share/voting capital of Gandhar Oil Refinery also remains unchanged at Rs. 19,57,59,060.