Gandhar Coal & Mines raises stake in Gandhar Oil Refinery

Gandhar Coal & Mines Private Limited, a promoter group entity, has substantially increased its stake in Gandhar Oil Refinery (India) Ltd through two open market transactions in December 2025. On December 10, 2025, the company acquired 50,000 equity shares, increasing its total voting rights from 0.28% (274,368 shares) to 0.33% (324,368 shares) of Gandhar Oil Refinery's equity capital.

Subsequently, on December 11, 2025, Gandhar Coal & Mines purchased an additional 71,062 equity shares via the open market. This latest acquisition further raised its holding to 0.40% (395,430 shares) of Gandhar Oil Refinery's total voting capital.

Both transactions were disclosed under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011. The total equity share capital of Gandhar Oil Refinery remains at INR 19,57,59,060, comprising 9,78,79,530 equity shares with a face value of INR 2 each.