BSECompany Update23h ago · 24 Sept 2026, 07:05 pm

Pursuant to Regn 30 read with Para B of Part A of Schedule III (Clause 8) of the SEBI (LODR), 2015 we wish to inform you that the Company has received the order dated September 23,2026 passed by the court of the Addl. Chief Judicial Magistrate, Court No.11, Nashik in S.C.C. No.301992/2014.

Gandhar Oil Refinery (India) Ltd · 544029

✦ AI SummaryLitigation

Gandhar Oil Refinery (India) Ltd has received an order from the Court of the Addl. Chief Judicial Magistrate, Nashik in a litigation case filed by Shri Saptashringi Ispat Private Limited. The court acquitted the company and its promoters under Section 256 of the Code of Criminal Procedure, 1973, and stopped the proceedings.

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Earnings Impact5/10
Growth Catalyst2/10
Governance Concern3/10
Regulatory Risk6/10
Balance Sheet Risk2/10
Liquidity Impact8/10
Market Sentiment5/10

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Gandhar Oil Refinery (India) Ltd - 544029 - Disclosure Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 - Outcome Of Litigation (Order Passed By Court).

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September 24, 2026 Listing Compliance Department Listing & Compliance Department BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, 5th Floor Dalal Street, Mumbai – 400001 Plot No. C/1, “G” Block BSE Scrip Code: 544029 Bandra-Kurla Complex Bandra (E), Mumbai – 400 051 Symbol: GANDHAR Subject: Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 – Outcome of litigation (order passed by court) Dear Sir(s)/Madam(s), Pursuant to Regulation 30 read with Para B of Part A of Schedule III (Clause 8) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”) (including any modification(s) / amendment(s) / re-enactment(s) thereto) and Master Circular issued by SEBI vide reference No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, we wish to inform you that the Company received the order dated September 23, 2026 passed by the Court of the Addl. Chief Judicial Magistrate, Court No. 11, Nashik in S.C.C. No. 301992/2014. The disclosure as required under Schedule III of the Listing Regulations read with SEBI Master Circular no. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 is attached herewith and marked as Annexure I. The above information is also being made available on the website of the Company at https://gandharoil.com/investor-relations/disclosure-intimation-to-stock-exchanges/ You are requested to take the above on record. Thanking you. Yours faithfully, For Gandhar Oil Refinery (India) Ltd Binal Khosla Company Secretary & Compliance Officer Mem. No.: A29802 Encl: a/a ANNEXURE I Disclosure as required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Master Circular no. HO/49/14/14(7)2025CFD-POD2/I/3762/2026 dated January 30, 2026 – Details of Litigation Sr. Disclosure Details 1. Brief details of litigation viz. Name(s) of the opposing party: name(s) of the opposing party, Shri Saptashringi Ispat Private Limited (“Complainant”) court / tribunal / agency where litigation is filed, brief details of Court / tribunal / agency where litigation is filed: dispute / litigation The Complainant had filed a complaint in the Court of the Chief Judicial Magistrate, Nashik. Brief details of dispute / litigation: The Complainant filed a complaint in 2014 under Sections 138 and 141 of the Negotiable Instruments Act, 1881 against the Company, its promoters and certain members of the promoter group alleging dishonour of cheques aggregating to Rs. 3,00,00,000. The matter was disclosed under “Outstanding Litigation and Material Developments” in the Company’s Prospectus dated November 25, 2023. Outcome: By order dated September 23, 2026, the Court noted the repeated absence of the Complainant and its advocate and that no adjournment application was filed, acquitted the accused under Section 256 of the Code of Criminal Procedure, 1973 and stopped the proceedings. 2. Expected financial implications, No compensation, penalty or other monetary liability has been if any, due to compensation, imposed on the Company by the order. penalty etc. 3. Quantum of claims, if any Not Applicable