Gandhar Coal & Mines increases stake in Gandhar Oil Refinery

Gandhar Coal & Mines Private Limited acquired 200,000 equity shares of Gandhar Oil Refinery (India) Ltd on December 15, 2025, through open market purchases. This transaction, disclosed under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, represents a 0.20% increase in their total share/voting capital.

Prior to this acquisition, Gandhar Coal & Mines held 624,368 shares, representing 0.64% of Gandhar Oil Refinery's voting capital. Following the acquisition, their total holding now stands at 824,368 shares, bringing their stake to 0.84% of the total voting capital. The total equity share capital of Gandhar Oil Refinery (India) Ltd is reported as INR 19,57,59,060, comprising 9,78,79,530 equity shares with a face value of INR 2 each.

Saurabh Ramesh Parekh, whole time director for Gandhar Coal & Mines Private Limited, signed the disclosure. Gandhar Coal & Mines Private Limited is part of the promoter group for Gandhar Oil Refinery (India) Ltd, whose shares are listed on both BSE Limited and the National Stock Exchange of India Limited.